[Al] This Week Aluminum Market Forecast-Shanghai Metals Market

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[Al] This Week Aluminum Market Forecast

Data Analysis 01:16:23PM Dec 07, 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.


Copyright © 2008, CBI (Shanghai) Co., Ltd. All Rights Reserved.

None of this material may be used for any commercial or public use in any form or means, without the prior written consent of CBI China. For reproduction issue, please contact us by email: metalresearch@cbichina.com or tel:86-21-51550040

[Al] This Week Aluminum Market Forecast

Data Analysis 01:16:23PM Dec 07, 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.


Copyright © 2008, CBI (Shanghai) Co., Ltd. All Rights Reserved.

None of this material may be used for any commercial or public use in any form or means, without the prior written consent of CBI China. For reproduction issue, please contact us by email: metalresearch@cbichina.com or tel:86-21-51550040