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Ma'aden's chief executive said the 2020 aluminum outlook is more negative than at the start of the year, citing the coronavirus outbreak and a supply surge from China. The comments were made in Dubai.
Aluminum is not a feed commodity, and the story has limited direct effect on feed grain or protein prices, although weaker Chinese demand could slightly weigh on energy-linked and macro sentiment.
reuters.comSaeed AzharFeb 6, 2020After 45 past macro events, DAP moved a median -0.1% over 5 sessions (31% higher; middle half -1.1% to +1.1%), and -0.6% over 20.
Moves of each commodity's benchmark from the last close before the event. Historical reads pool past events of the same kind; they describe what happened, not what will. Not investment advice.
