SHANGHAI, Oct. 17 (SMM) – The aluminum market has witnessed visible improvement in market fundamentals as over 3 million tonnes of production cutbacks at smelters outside China is allowing the market to shift into deficit, MoneyDJ News cited Bank of America Merrill Lynch as saying today.
LME aluminum stocks have been declining recently, a pattern that is expected to continue going forward, the bank added.
The bank sees LME aluminum prices to average $ 2,010 per tonne in 2015.
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