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Aluminum Corporation of China (ACH) Could Fall Through $20.43 Support Leve
Edited by : AL CIRCLE
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According to report of Harbor Intelligence, global leader in aluminum industry analysis and outlook, LME aluminum prices were still in the correction and the demand from global end users have been decreasing.
Harbor Intelligence indicated that the aluminum would settle down at USD 2,400 per tonne during June to September. It would rebound to USD 3,000 per tonne in this Q4 or next Q1.
The report also showed that the global average aluminum prices were estimated at USD 3,100 per tonne in 2012 and it would be at around USD 3,400 per tonne during 2013 to 2014.
Harbor Intelligence indicated that the aluminum would settle down at USD 2,400 per tonne during June to September. It would rebound to USD 3,000 per tonne in this Q4 or next Q1.
The report also showed that the global average aluminum prices were estimated at USD 3,100 per tonne in 2012 and it would be at around USD 3,400 per tonne during 2013 to 2014.
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