The global economic slowdown in the aluminum market is worrying

Chinalco Integrated Foreign Telecommunications (Compilation/Icy) According to Reuters, November 25, although aluminum prices gained some gains in October, concerns about demand continued. Aluminum prices will continue to decline and continue in the coming months. Pressure.

With as many as half of the practitioners unprofitable at the current price, manufacturers are likely to respond by suppressing production.

LME’s three-month aluminum eventually settled at US$2,003 per ton.

Stephen Briggs, an analyst at BNP Paribas, said: "At present, the fundamentals of aluminum are not so good, and aluminum prices have gone deep into the cost curve."

Briggs believes that if concerns about the eurozone crisis and demand outlook weakened, it does not rule that aluminum, like copper, will rise in the coming months.

However, he also added that any rise will be much weaker than copper.

At the same time, Will Adams, an analyst with Fastmarkets, predicts that aluminum prices will be weak. He believes that even if the euro zone debt crisis progresses, the subsequent fiscal austerity measures will also affect the metal demand.

“The outlook for China is particularly worrisome. They will suffer the same situation in Europe and the future is not clear.”

Relevant October aluminum production in major regions of the world October 30—According to Guinean CBG, the export of bauxite from the West African export ports has been restored after eight days due to faulty blocking. Companies and government officials stated that the suspension of bauxite exports from Guinean CBG was mainly due to further damage to loading equipment.

Aluminum Stocks in Major Regions in October By the end of October, total aluminum inventories on all exchanges was 4.661 million tons, equivalent to approximately 38 days of demand.