EU singles out China, trade guide retains focus on key sectors
The European Commission has released a revised report on state-led distortions within the Chinese economy, expanding its scope to include additional sectors.
According to the US Census Bureau survey, the United States aluminium plates, sheets and bars imports in January 2024 jumped close to the previous year’s level, reaching 98,400 tonnes.
The operating rate of secondary aluminium alloy industry stood at 56.96% in March, up 22.93% MoM but down 2.24% YoY.
Customs data showed that China imported 24.4794 million mt of bauxite in January-February, up 4% YoY.
Market Review: Aluminum prices moved up in March on macro tailwinds and demand recovery
During Mar 12-Apr 10, the most-traded SHFE aluminum contract moved in a narrow range, hitting a monthly low and high at 19,105 yuan/mt and 20,450 yuan/mt respectively before closing at 20,505 yuan/mt as of Apr 10, up 1,305 yuan/mt or 6.8% on the month.