Aluminum market report November 2012
2012-12-20 11:01:59 【Print】
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Growth of Chinese demand for aluminum slows down obviously, while Chinese primary aluminum production keeps growing fast, so the market stays in oversupply. In November, aluminum ingot price set record low levels for this year in Chinese market. The price kept fluctuating among low levels and once dropped to RMB15,050/t (USD2,393/t). The reserve by NRB stimulated aluminum ingot price to rebound a bit in the middle of November, but the rebound did not last long. Now other news happened to stimulate aluminum ingot price to go up or down obviously in this month.
