SHANGHAI, Dec.8 (SMM)－There are four hot topics of refined aluminium market under supply-side reform, said Liu Xiaolei, chief aluminium analyst of SMM at the Die-casting Industry Chain Supply-demand Communication Summit organized by SMM on Dec.8.
Firstly, existing surplus market under production reduction,
Secondly, potential dropping cost of domestic aluminium companies after winter season,
Thirldly, short-term recovery of ratio between SHFE and LME Aluminium,
and finally, surplus supply at the end of 2017 and demand-supply balance in the second half of 2018.
Concerning future price tendency, she says main contract of domestic refined aluminium futures is estimated to move between 13,500-17,500 yuan per ton, main range is 14,500-16,500 yuan per ton. Spot price of domestic aluminium ingot is to move between 14,000-16,500 yuan per ton. LME Aluminium is to move between $1,850-2,250 per ton.
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