Author: Paul Ploumis28 Oct 2014 Last updated at 05:51:26 GMT
LONDON (Scrap Monster): In the London Metal exchange seminar, which was conducted last week, David Wilson, bank analyst based on Citi Bank and Nic Brown, a bank analyst based in Natixis, offered two different views regarding the supply demand confusion in the aluminum market.
According to the statements given by Nic Brown the bank analyst based in Natixis, the deficit in the aluminum supply-demand is expected to increase further, at least for the next two to three, successive years. Bur the statements given by David Wilson, a bank analyst based in Citi, stated that, the surplus would be expected to extend up to the maximum to the year 2017, the earliest.
It is well known that, to calculate the statics of the supply-demand in any widely used industrial metal is a highly difficult task, but it is much more difficult when it comes down to the metal aluminum.
Even though the International Aluminum Institute, every month releases production rate in the aluminum industry, specifically speaking, only for the primary metal, whereas the secondary scrap metal supply and production are stored in the dark side.
And one of the other problem which is not helping to determine the demand-supply situation in the market is the economy and the present conditions in China. It is not only a problem which is affecting aluminum, it is common to all other base metals, but it is to be noted that, China, is the largest producer as well as consumer of aluminum.