首页|China high aluminium output pressuring imported metal's premiums
China high aluminium output pressuring imported metal's premiums
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NSTL
China's rapid rise in aluminium output could pressure spot premiums of imported aluminium over the LME cash price lower from the current level, an analyst at state-owned Antaike Information Development Co. said. Spot aluminium premiums of Good Western brands have been stuck in a range of 45 dollars -50 dollars a metric ton since the fourth quarter of 2001, compared with 50 dollars -60 dollars/ton earlier last year. All premiums are on a cif basis to main Chinese ports. "The current premium levelis likely to stay unchanged for several months. However, there's a possibility that (premiums) will go down later this year if domestic output continues rising at such a rapid rate," the aluminium analyst said.
NSTL
