ALUMINIUM NEWS 15/03/2024 UPDATE BEST TRADING TIPS FOR BEGINNERS BY https://www.youreasytrade.inGET MORE INFO CW/7302366166
Aluminium Prices Dropped Amid Robust Supplies From China.
Aluminium prices saw a slight decline of -0.29% yesterday, settling at 203.7, amidst robust supplies from China, the world’s leading producer of the metal. Growing inventory levels in both China and LME-registered warehouses have raised concerns about demand, although some analysts attribute this increase to a seasonal pattern as consumers prepare for second-quarter consumption. In China alone, aluminium inventory surged by 85% this year to 184,358 metric tons, while LME warehouse stocks grew by 2% to 577,675 tons since the beginning of the year.
