March 2019 | Aluminium Weekly Market Tracker
Aluminium price trading below $1,900 level again: Market Summary and Analysis
According to data from China Customs, the country imported a total of 7.89 million tonnes of bauxite in January 2019, compared with 7.24 million tonnes in December (+9.0% month on month) and 7.03 million tonnes in the same time period last year (+12.2% year on year).
Aluminium price trading below $1,900 level again There has been a mixed start to risk sentiment this week, as optimism that China and the United States are nearing a deal to end their protracted trade dispute has been partially offset by weak economic data from the US on Friday. The LME aluminium three-month price is once again trading below the $1,900 per tonne mark. Chinas bauxite import from Guinea rose to a record high According to data from China Customs, the country imported a total of 7.89 million tonnes of bauxite in January 2019, compared with 7.24 million tonnes in December (+9.0% month on month) and 7.03 million tonnes in the same time period last year (+12.2% year on year). Januarys bauxite imports were the second highest in history, just below the record high of 8.02 million tonnes in January 2014, mainly driven by the large volumes from Guinea, which...
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