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SMM data showed that China's copper cathode output in February was 950,300 mt, a month-on-month decrease of 19,500 mt or 2.01%, but a year-on-year increase of 4.68%.
Investors poured into bond ETFs, and stocks swirled in March.
Although the domestic aluminium supply is expected to recover in March, the recovery in the average daily output would be limited. Output cuts in Yunnan and Guizhou, together with the recovery of downstream operations, would prompt a decline in aluminium social inventories.