Contradiction Between Aluminum Supply & Demand Deteriorated

(China Aluminum Network) Affected by European debt crisis in August and September electrolytic aluminium price started to decreased which was 15,500yuan/ton at present, then the whole industry has fell into deficit. “Electrolytic aluminium enterprises will suffer a severe winter again.” the general manager of Chinalco£¨601600£©Xiong Weiping said on the news conference yesterday.

Yuan Zhibin, the researcher of metallurgy industry stated that marketing environment became worse in September and electrovalence rose in December also weaken the operating environment in industry. Product price always stayed at low level stressed some market segments in non-ferrous metals industry. Part of sub-industries with over capacity confronted with more serious loss. According to market analysis real estate and automobile market with weak demand in short term so hard to hold large-scale market demand that the contradiction between supply and demand will deteriorated further.

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