Price of Aluminum A00 Dropped 0.3%

[China Aluminum Network] October 21, according to China Ministry of Commerce, owing to fall after rise of international price boost domestic aluminum A00 price decreased 0.3% compared with last week.

Price of aluminum futures in LME fall back to 2,214 dollars per ton on October 14, dropped 1% compared with last week. Since the slight demand in aluminum processing enterprises, leads to declined in market transactions and largely increase in inventories. Last week, aluminum inventory reaches 117 thousand tons in SFE, increased 51.4% compared with the end of September. Moreover, international demand also slow down, declined in aluminum export. As customs statistics, primary aluminum export volume reaches 61 thousand tons in September, reduced 2.4% compared with August.

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