Aluminum price expected to fall within a short period

Last week, affected by Standard & Poor's Ratings’ reduction of Greek sovereign debt, Lun aluminum crashed. This week with the continuous expansion and deterioration of Greek crisis, a worry about European debt crisis was stronger. It aroused a worry about metal demand. Copper & Aluminum prices dropped as the euro fell.

Basically, there was a great slump of global stock market yesterday and till closed, Dow Jones still decreased by 347.8%. Besides Greek, Spain and Portugal which once were S & P downgraded were in a precarious situation. Domestically, Shanghai & Shenzhen stocks were recorded  the largest one-day drop of this year. Meanwhile, influenced by the factor that China raised the deposit reserve ratio two weeks ago, the whole market was encircled by Internal and external suffering. It was inevitable that copper & aluminum prices declined. Technically, outperform again was down to the bottom after fruitless rebound, there was a bear market. It was expected aluminum price would continue to fall within a short period.¡¡¡¡
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