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Inefficient Enterprises Benefit More From The Rising Aluminum Price
- Aug 31, 2017 -

It is very weird that China aluminum is not in short supply, but the price continues to soaring.This week, aluminum billet stocks in Guangdong increased , statistics showed.As of August 31, aluminum billet stocks in Guangdong totaled 154,000 tonnes, up 9,000 tonnes from a week ago. 

China’s drive to slash excess industrial capacity in industries from steel to aluminum is bearing fruit, helping expectations for factory inflation jump to the highest in eight months in August.That’s driving stronger nominal output and higher corporate profits -- and it isn’t bad for the global economy and its sluggish price growth either. But it comes with a whiff of China’s old investment-driven growth model as large, inefficient enterprises benefit more than small, dynamic ones.