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

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

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

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