28 NOVEMBER 2014Shanghai Metal Market
Aluminum price expects at $1,850-2,150/tonne in 2015, Says SMM
Edited by : AL CIRCLE
1 min read
"Alumnum market in 2015 will repeat the trend of price movements seen in 2014," Shanghai Metals Market's alumnum analyst predicts.
"In 2015, LME aluminum price will range $1,850-2,150 per tonne, and 12,800-15,000 yuan per tonne in SHFE alumnum market," said Wang Chunhui, SMM's aluminum analyst.
Alumina price and producution cuts at high-cost producers will support 2015's aluminum price, he noted at 2014 SMM China Metal Summit in Shanghai on Nov. 23-24.
"Liquidity conditions at producers should be also closely watched, despite of a surprise interest rate cut by the PBOC last Friday," he added.
"In 2015, LME aluminum price will range $1,850-2,150 per tonne, and 12,800-15,000 yuan per tonne in SHFE alumnum market," said Wang Chunhui, SMM's aluminum analyst.
Alumina price and producution cuts at high-cost producers will support 2015's aluminum price, he noted at 2014 SMM China Metal Summit in Shanghai on Nov. 23-24.
"Liquidity conditions at producers should be also closely watched, despite of a surprise interest rate cut by the PBOC last Friday," he added.
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