Did not open a new round of significant inventory growth momentum. On the whole, bonded warehouse inventory and Shanghai futures trading tax inventory is still in the year relative low value. It is not difficult to see that the increase of export volume at the end of the cycle time has not been completely converted into inventory to produce supply pressure, aluminum door and window sealing strip is expected to be replenished by the demand of the terminal equipment market.
Forex traders expect trading groups in metals sales markets to lag ahead of the Federal Reserve's fiscal policy meeting next week. China's China Customs said on Tuesday the country exported 450,000 tonnes of unrolled aluminium and extruded aluminium in November, tying for second highest quality on record, adding to pressure on aluminium prices. "Structural oversupply capacity in the world aluminum market has been building for many years and there is no sign that the situation will quickly distort, especially due to excessive Supply from China and the re-export of semi-finished aluminum processing," Societe Generale said in its research report.
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