China Aluminium Network
Aluminum Price Regain
Edited by : AL CIRCLE
1 min read
Harbor Intelligence predicts that aluminum price will regain to $2,702 /Ton during the rest of 2011, and $3,100/Ton in 2012, while during 2013-2014, it will reach $3,400/Ton.
Harbor Intelligence also said that three months futures at LME will decrease 3.7%,due to the weak demand of spot products and it being dragged by funds selling.
This organization indicates that the market keeps tight demand, spot prices continue higher than futures. The price gap between Shanghai Futures Exchange and LME leads to stimulate Chinese import of more aluminum.
Harbor Intelligence also said that three months futures at LME will decrease 3.7%,due to the weak demand of spot products and it being dragged by funds selling.
This organization indicates that the market keeps tight demand, spot prices continue higher than futures. The price gap between Shanghai Futures Exchange and LME leads to stimulate Chinese import of more aluminum.
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