May 2012 | Aluminium Weekly Market Tracker
Aluminium prices have extended to the downside: Market Summary and Analysis
UC Rusal is considering to cut 300,000-600,000 tpy of its high-cost capacity starting from the second half of 2012.
Aluminium prices have extended to the downside and that now puts last Decembers lows in focus As prices approach those levels the market should be ready for further production cutback announcements. Alloy prices have extended lower and may head back towards Decembers low which were at $1,880/tonne.LME aluminium stocks remained below the 5 million tonne level last week, with stocks down 30,400 tonnes on the week. The outflow continues to gather pace following the introduction of larger load-out rates at the start of April.Aluminium demand in Japan continues its slow road to recovery driven by the growth...
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