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No Big Turnround Expected in Aluminum Market, SMM Interviews
Oct 9, 2014 16:06Source:SMM
The longs are not advised to enter the aluminum market, as no big turnround is expected to happen in the aluminum market during October, one CIFCO analyst told SMM in a recent interview.
SHANGHAI, Oct. 9 (SMM) – The longs are not advised to enter the aluminum market, as no big turnround is expected to happen in the aluminum market during October, one CIFCO analyst told SMM in a recent interview.
“The policy-front action and demand conditions will determine October’s aluminum market”, the analyst said.
A moderate development of global automobile market will allow for a relatively balanced aluminum market in China as long as the resumption in domestic aluminum industry is at a slow pace, the analyst added.
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