Metals News
[Al] This Week Aluminum Market Forecast
smm insight
01:16PM
Dec 7,2009
Source:SMM

SHANGHAI, Dec. 1 (CBI China) -- LME aluminum ingot inventory continued to increase, the global supply and demand fundamentals had no sign of turning better, oversupply in the domestic market continued to worsen, the pressure on aluminum price has not yet emerged, and market became more pessimistic about price in December due to the falling cost, CBI predicts LME aluminum price will fluctuate around 1800 U.S. dollars / ton, the domestic market will remain stable after fell sharply this week, with the range 12500-13000 /mt.


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