Constant fall of aluminium price after Olympics

Crude oil and LME aluminium set record high at the same time on July 11, and then started to suffer constant fall till now.

With weakened cut on output, current 0810 of Shanghai aluminium returned back to the past surging range. Analysis are given as follows:

1. Output cut cannot solve the core problem as deficit is not the reason of output cut.

2. Rise of US dollar stand by with weakening of global economy

3. Oversupply still exists in global market.

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