China's aluminum prices show strong in short-term
Affected by too little aluminum warehouse receipts in November and destocking, the overall trend of China's aluminum price was not strong.
At present, the monthly social inventory of China's electrolytic aluminum had fallen by about 42,000 tons, which was much lower than 2017 and 2018, and also meant that the current supply pressure was much lower than the level in the same period of these two years.
From the current point of view, the market was expected to increase the capacity of new products and resume production next year, mainly because of the release of pressure in 2020, so the performance of the far month contract was relatively weak.
