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[Al] This Week Aluminum Market Forecast
Dec 7, 2009 13:16Source:SMM
SHANGHAI, Dec. 8 (CBI China) -- The pressure from the panic market on price always exists, the decline in price was due to the deteriorating situation of oversupply in the domestic market. Therefore any psychological price support can not be the bottom line. As long as refined aluminum enterprises cut production and reduced the market supply, decline in aluminum price will be prevented basically. This week LME aluminum first tested USD 1,500/mt, and the domestic price may break through RMB 10,000/mt.
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