China aluminium strength lifts Shanghai prices toward three-month highs
Shanghai aluminium is nudging three-month highs. TradingView News cites red-hot smelters, historically low raw material costs and strong margins as support, with producers incentivised to run at maximum capacity.
China's aluminium smelters have been running red hot this year. The Shanghai aluminium price COMEX:ALI1! is nudging three-month highs, raw material costs are historically low and margins are strong. Every producer is incentivised to operate their plant at maximum capacity.