SHANGHAI, Jun. 9 (SMM) –Macquarie and Harbor Intelligence expressed pessimism over aluminum prices next year, while Goldman Sachs painted a rosy picture.
Macquarie sees LME aluminum averaging $1,913/tonne in 2017 and $1,806/tonne in 2018.
Harbor Intelligence forecasts an average price of $1,670/tonne in 2018, down from the $1,800/tonne it predicts for 2017, citing an increase in supply surplus.
Goldman Sachs expects deficit in aluminum market to expand from 235,000 tonnes in 2017 to 373,000 tonnes in 2018 before turning into a surplus of 34,000 tonnes in 2019. Goldman Sachs sees aluminum prices at $1,942/tonne in 2017 and $1,950/tonne in 2018.
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