China aluminum falls on increased supply

Steel Guru.com reports that as a result of China’s reduced aluminum production, prices were forced down.

The story is quoted as saying:

During whole month, aluminium was surrounded by poor fundamentals as supply continued to rise and outpaced demand growth. Also moderate pattern in the physical market was a surprise. Many commercial users found steel as an alternative to aluminium that shifted demand of aluminium to steel. If it turns out to be too expensive, buyers may start looking for alternative materials like wood, plastic or steel.

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