The current aluminum inventory in both domestic and overseas markets is low, and the demand from downstream buyers has recovered. Therefore, China’s aluminum smelters are now having profits at the highest historical level. In early March, the profits even reached the peak level in 2021.
Market participants said that the market is worrying about the production cut of non-ferrous metal in Europe due to a surge in energy costs, and the disrupted supply chain has temporarily offset the unfavorable impact of the hawkish speech of Fed officials.
China’s aluminum smelters’ profit at high level on demand recovery
30 Mar 2022 16:19 reported by Joy Liu
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