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Aluminium Dropped SHFE Stocks Surged By Approximately 80% In February.

Aluminium faced a slight decline of -0.37% yesterday, settling at 203.85, with attention drawn to the surge in aluminium stocks monitored by SHFE warehouses, which increased by approximately 80% in February. Despite this, aluminium production in Yunnan, China’s fourth-largest aluminium-producing region, remained curtailed due to the annual dry season. Production is expected to resume as power supply conditions improve, but growth may remain constrained due to limited increases in power supply and scheduled maintenance at smelters. However, the downside in aluminium prices seemed limited as upbeat data from China revived hopes for increased demand

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