Chinese aluminium smelters eying spot sales as profit window opens

Reuters reported that a window of steady profitability may lead Chinese aluminium smelters to resume spot sales after a gap of 2 months but traders said that any surge in sales from ample stocks would quickly erode prices.

A sales manager at a large smelter in the north said that we sold some in the futures market last week because the prices rose above our production costs. He added that the smelter had reduced spot selling heavily in the past two months on weak prices.