China Becomes Driving Force In Hot Aluminium Market ...Middle East

OILPRICE - Economy
China Becomes Driving Force In Hot Aluminium Market
source : OILPRICE ( Middle East ) () 27
Don’t worry – this isn’t another “reds-under-the-bed” story. Rather, it’s a look into how Chinese aluminum semis are quickly becoming the market’s main price setting (at least in Europe). With Russia more or less out of the picture and domestic mills booked up for months, China is the only swing producer with capacity to spare. How will all this affect the aluminum price forecast? It’s a conversation many industry insiders are having. Increased Costs and Limited Capabilities The current European marketplace…

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