Aluminium trading range for the day is 107.7-110.5. Aluminium prices dropped in a sell-off fuelled by worries that expectations of stronger demand in top consumer China were overly optimistic.
Destocking in China’s aluminum market happened earlier this year than years past, with stocks in five major markets down each week since mid-March.
Aluminum stocks in China’s five major markets to hit this year’s bottom at 400,000-500,000 tonnes in late May or early June.
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