October 2011 | Aluminium Weekly Market Tracker
Chinese aluminium market view - 25 October 2011: China aluminium demand starts to be fading
Chinese demand for primary aluminium eased in September following a slowdown in consumption of semi-fabricated aluminium products in both the domestic and international markets.
SHFE spot aluminium price witnessed a 3.2% drop last week, from a previous close of Rmb 16,900/tonne ($2,649/tonne) to last Friday’s Rmb 16,365/tonne ($2,564/tonne). Investors are keeping their capital away from the risky assets as concerns over uncertainties surrounding the European Union summit still erode their sentiments.
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