22 JANUARY 2014www.moneynews.com
World supplies of aluminium to shrink in 2014, 2015
Edited by : AL CIRCLE
1 min read
Analysts predict a tightening surplus in the aluminium market. The surplus this year is seen at 568,400 tons compared to an oversupply of 591,747 predicted in a previous poll.
Cash aluminium prices are seen averaging $1,840 a ton this year, according to 31 analysts, down from previous forecasts of $1,885, and slightly lower than average 2013 cash prices of $1,844.95 a ton.
Next year aluminium prices are seen at $1,984.10 a ton, coinciding with a further tightening of the surplus to 500,000 tons in 2015.
Cash aluminium prices are seen averaging $1,840 a ton this year, according to 31 analysts, down from previous forecasts of $1,885, and slightly lower than average 2013 cash prices of $1,844.95 a ton.
Next year aluminium prices are seen at $1,984.10 a ton, coinciding with a further tightening of the surplus to 500,000 tons in 2015.
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