16 SEPTEMBER 2011recycling today
European Metal Trade and Recycling Federation Reports On Aluminium
Edited by : AL CIRCLE
1 min read
Suddenly, in April a significant decrease in the offers has been noticed in the Benelux and in the rest of Europe. Were they preliminary signs of a worldwide economic recession?
The offers and demands for nonferrous items were significantly weaker during the summer holiday. On top of that, it was seriously hit during the first half of August due to the economic recession.
The question is now: in one way or another, will the base metals see a seasonal lift of activity during autumn, traditionally, a period of year that should see post-holiday demand reinforced by restocking?
Due to the continuous increase of the stocks of primary material, the LME aluminium quotation dropped significantly during the summer period.
There is definitely not enough physical off-take for that flow and, consequently, the quantities of primary metal lying in the warehouses will increase.
Primary aluminium producers are much more negative, because order volume lost 20% in packaging, building, printing and other industries. Also for next year, they expect lower demand due to the worldwide negative expectations.
The offers and demands for nonferrous items were significantly weaker during the summer holiday. On top of that, it was seriously hit during the first half of August due to the economic recession.
The question is now: in one way or another, will the base metals see a seasonal lift of activity during autumn, traditionally, a period of year that should see post-holiday demand reinforced by restocking?
Due to the continuous increase of the stocks of primary material, the LME aluminium quotation dropped significantly during the summer period.
There is definitely not enough physical off-take for that flow and, consequently, the quantities of primary metal lying in the warehouses will increase.
Primary aluminium producers are much more negative, because order volume lost 20% in packaging, building, printing and other industries. Also for next year, they expect lower demand due to the worldwide negative expectations.
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