Aluminium prices fell as weak demand & recession worries were stoked by U.S. economic data.

As concerns about a recession were heightened by U.S economic statistics, aluminium yesterday declined to 206.35.

The chairman of the PBOC’s monetary policy department, Zou Lan, stated at a news meeting in Beijing

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Because international prices are higher, certain Japanese aluminium importers have agreed to pay premiums to international producers in the April–June 2023

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The fourth-largest producing region of aluminium in China, Yunnan, is likely to reduce production due to severe power constraints.

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Meanwhile, opposition is now probable to be seen at 208.7, and a move above could result in prices testing 210.1.

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