Current Location:Hengzhong Heavy > Industry News > Views
Product List
Aluminum market will be turn down
Aluminum market will be turn down

Source:Hengzhong Heavy author:Admin Date:14-04-01 Glance Over:

  Citigroup predicts that aluminum market will be slump on March 27, 2014.

  “Core idea”

  Aluminum: because the supply become increased and demand become weak, the price of aluminum will be continue to lower.

  The stock market continues to increase gradually, and Shanghai Futures Exchange increases the storage of aluminum 170,000 TONS from the beginning of the year to now. This makes aluminum price down 10% than before at Shanghai Futures Exchange, and makes aluminum price of China’s spot market down 13%. The aluminum price of Chinese market becomes lowing helps the export of China’s aluminum and aluminum products.

  With the lowing of aluminum price, we predict that it will reduce the number of high-cost furnace in traditional aluminum producing area such as Henan, the southwest China. But due to the production expanding of the Northwest, despite of decreasing the number of the furnaces, aluminum supply will continue to increase. Aluminum industry is one of the five major industries with excess capacity last October. Besides, because of China’s bauxite smelter inventory sufficient, Indonesia’s bauxite ban on exports will not substantially impact on the formation industry in the short time.

Contact Us

Address:Yongan Road, Gongyi City, Zhengzhou, Henan, China

Zip code:451200

Mail:hnhzzg@gmail.com

FAX:0086-371-64100299

TEL:0086-371-64100199

Online Contact

If you have any question, please leave messave here. We will reply you as soon as possible.

Name:
Mail:
Tel:
Message:

Copyright 2013 aluminum-casting-mill.com Zhengzhou Hengzhong Heavy Machinery Manufacturing Co., Ltd. All Rights Reserved. Address: Yongan Road, Gongyi City, Zhengzhou, Henan, China
TEL: +008615188318176 E-mail: hnhzzg@gmail.com TEL : +008615188318176 Fax : 0086-371-64100299

Whatsapp : +008615188318176 Wechat : +008615188318176