Your Location > Home > News & Market >International News > Aluminium prices are likely to increase in 2015 say analysts
Today' Focus
-
Hangzhou Jinjiang Group's general manager Zhang Jianyang, vice general manager Sun Jiabin and their team had attended the SECOND BELT AND ROAD FORUM FOR INTERNATIONAL COOPERATION, they also attended the signing ceremony of comprehensive strateg...
International News
Domestic News
International News
Aluminium prices are likely to increase in 2015 say analysts
- China Aluminium Network
- Post Time: 2015/1/6
- Click Amount: 538
Market analysts are assuming, in 2015 the aluminium prices will build on the gains made in the past 12 months with the large-scale production cuts worldwide and the growing demand for the metal, pushing the market into a deficit after many years.
The aluminium prices have been on a roller-coaster ride with the LME cash prices hovering around $1,635 per tonne in February and shooting up to $2,100 per tonne in August. By November 17, the price stood at $2,050 per tonne.
With the supply tightening across the world outside China, and the demand at an all time high, experts believe that in 2015, the average price would be around $2,063.
There are threats of course that threaten the growth of aluminium prices. The first and obvious threat is the universal slowdown in global demand which is always possible. Then there are threats like China, who is known as primarily an importer of the metal, had begun to export the metal in summer albeit briefly. However, if the trend picks up, then aluminium prices will surely decline.
Another threat is the possibility of excess supply. The cutback of production has been the key step to help boost the aluminium prices. If countries, outside China, decide to restart the idled capacities, with Russia being the prime candidate, the prices will be affected.
- Copyright and Exemption Declaration :①All articles, pictures and videos that are marked with "China Aluminum Network" on this website are copyright and belong to China
Aluminium Network (www.alu.com.cn). When transshipment, any media, website or individual must list the source from "China
Aluminium Network (www.alu.com.cn)". We seek legal actions against anyone that disobey this.
②Articles that marked as copy from others are for transferring more information to readers, do not represent or endorse their opinions or
accuracy and reliability. When other media, website or individuals copy from our website, must keep the source. Anyone that changes the
articles' sources will hold the responsibilities for copyright and law problems. We also seek legal actions against anyone that disobey
this.
③If any articles copied by our website concern the copyright and other problems, please contact us within one week.