China's aluminium stockpiles reach new high
   
Quotes

China's aluminium stockpiles reach new high

Last Updated: Sunday, February 24, 2013, 19:38
 
 Comment 0
 
China's aluminium stockpiles reach new high
Beijing: China's aluminium inventories reached a record high this week, caused by rapidly growing supply and weak demand in the country, China Daily reported Sunday.

The country's overall aluminium stockpiles climbed to 1.25 million tonnes Monday, almost double the level during the same period late year.

On Jan 10, 2012, this stood at about 700,000 tonnes, analyst Li Xun was quoted as saying.

Li told China Daily the excessive supply in China's aluminium industry will continue at least for the first half of the year.

"The aluminium price will fall by 200 yuan (USD 32) to 300 yuan a tonne during this week," he said. "That is considered a dramatic price drop in the market."
IANS



First Published: Sunday, February 24, 2013, 19:38


Comments


comments powered by Disqus
Mahindra New Thar CRDe
Mahindra New Thar CRDe
New Generation Scorpio
New Generation Scorpio
BRICS SUMMIT Ufa
BRICS SUMMIT Ufa
New Vento 2015
New Vento 2015
Audi all-new SUV Q3
Audi all-new SUV Q3

Contact Us : Privacy Policy : Legal Disclaimer
Copyright © Zee Media Corporation Ltd. All rights reserved