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Macquarie Raises 2017 Aluminum Price Forecast 
May 3,2017 15:41CST
industry news
Source:SMM
Macquarie raised its forecast for the average aluminum price in 2017 by 8% from $1,769/tonne to $1,913/tonne.

SHANGHAI, May 3 (SMM) –Macquarie raised its forecast for the average aluminum price in 2017 by 8% from $1,769/tonne to $1,913/tonne.

China’s MIIT announced to begin checks on illegal aluminum smelting capacity from July, which might cause aluminum output to fall in October, Macquarie analyst said. Macquarie sees 1.2 million tonne supply deficit in aluminum market this year. 

Production cuts during winter months out of environmental concerns will push aluminum prices above $2,000/tonne, Macquarie predicts. 

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Macquarie
2017 Aluminum Price Forecast 

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