December 2011 | Aluminium Sheet & Extrusions
Aluminium prices keep fallig: Raw Materials Weekly Analysis
LME warehouse stocks further expanded last week and the metal’s fundamentals continue to weaken in most regions other than the US.
3-month aluminium on the LME dropped below $2,000/tonne last week and stayed there in a sharp, base metals wide, correction. Aluminium has fallen well below the $2,100-$2,200/tonne level it had been holding at in September and October, reflecting directional shift downwards likely prompted by increased market pessimism over global economic growth and Eurozone issues. Some dip buying in the coming week may occur but we believe it...
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