According to the report, an aluminum plant belonging to Henan Shenhuo Coal & Power Co., Ltd. caught in the fire last Sunday. 250,000 tons of aluminum planned for production was put on pause, which caused the price increase of 1.1%, to a peak on this week in the Shanghai futures market.
Due to the latter incident other metal futures contracts went up in the market.
The Chinese Premier, Li Keqiang, stated the value-added tax would remain low for Chinese manufacturing companies in order to boost the economy. The US president responded that this action would result in the inclusion of Huawei in the trade deal.
Chinese aluminum price goes up over 1%
28 May 2019 15:30 reported by Dani Wang
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