March 2019 | Aluminium Weekly Market Tracker
LME aluminium prices up slightly: Market Summary and Analysis
According to NBS, the growth in China's industrial production fell to 5.3% in January-February, down from 5.7% in the same time period a year ago.
LME aluminium prices up slightly... The weekly average LME aluminium cash price was up slightly last week to $1,859 per tonne from the previous week's $1,853 per tonne. While the US dollar dropped and recorded its biggest weekly loss in more than three months, affected by poor US economic data, aluminium prices had been pressured by the data released by China's NBS, which showed the country's economy had slowed further in the first two months of 2019. ...due to the mixed impact from US dollar and China data According to NBS, the growth in China's industrial production fell to 5.3% in January-February, down from 5.7% in the same time period a year ago. It was also below the expected gain of 5.5%. On the other hand, growth in Chinas fixed asset investment increased to 6.1% for the first two months of 2019, in line with consensus forecasts and up from...
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