05 JANUARY 2015AlCircle.com
Aluminium prices are likely to increase in 2015 say analysts
Edited by : AL CIRCLE
2 min read
Market analysts are assuming, in 2015 the aluminium prices will build on the gains made in the past 12 months with the large-scale production cuts worldwide and the growing demand for the metal, pushing the market into a deficit after many years.
The aluminium prices have been on a roller-coaster ride with the LME cash prices hovering around $1,635 per tonne in February and shooting up to $2,100 per tonne in August. By November 17, the price stood at $2,050 per tonne.
With the supply tightening across the world outside China, and the demand at an all time high, experts believe that in 2015, the average price would be around $2,063.
There are threats of course that threaten the growth of aluminium prices. The first and obvious threat is the universal slowdown in global demand which is always possible. Then there are threats like China, who is known as primarily an importer of the metal, had begun to export the metal in summer albeit briefly. However, if the trend picks up, then aluminium prices will surely decline.
Another threat is the possibility of excess supply. The cutback of production has been the key step to help boost the aluminium prices. If countries, outside China, decide to restart the idled capacities, with Russia being the prime candidate, the prices will be affected.
The aluminium prices have been on a roller-coaster ride with the LME cash prices hovering around $1,635 per tonne in February and shooting up to $2,100 per tonne in August. By November 17, the price stood at $2,050 per tonne.
With the supply tightening across the world outside China, and the demand at an all time high, experts believe that in 2015, the average price would be around $2,063.
There are threats of course that threaten the growth of aluminium prices. The first and obvious threat is the universal slowdown in global demand which is always possible. Then there are threats like China, who is known as primarily an importer of the metal, had begun to export the metal in summer albeit briefly. However, if the trend picks up, then aluminium prices will surely decline.
Another threat is the possibility of excess supply. The cutback of production has been the key step to help boost the aluminium prices. If countries, outside China, decide to restart the idled capacities, with Russia being the prime candidate, the prices will be affected.
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