According to aluminum meeting in Guangxi region on December 21st, aluminum production will be reduced by 800,000 tons to reverse its low prices and losses as well as increase confidence in aluminum.
The policy of reducing production was expected to be put into action in the first half of 2019. However, the market participants were not expecting the effect of reducing production to increase aluminum prices. It was worried that domestic aluminum stocks will still remain at a high level, and the impact of reducing production has less effect on domestic price.
China market has few confidence about aluminum production cut
26 Dec 2018 16:34 reported by Wade Gu
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