Aluminum market report June 2011
2011-07-07 13:41:17
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In June 2011, Chinese aluminum ingot market held firmly, while price climbed with fluctuations and consolidated in a high level, driven by the downstream demand and the constant reduction of aluminum ingot inventory.Asian Metal CopyrightIn June 2011, Chinese aluminum ingot market held firmly, while price climbed with fluctuations and consolidated in a high level, driven by the downstream demand and the constant reduction of aluminum ingot inventory.Asian Metal Copyright On the contrary, aluminum futures fell down with fluctuations on LME in June.Asian Metal Copyright However, the inverted price gap between the long-term commitment and the spot alumina enlarged due to the slow increase of spot alumina.Asian Metal Copyright Long-term commitment price of alumina surged up in China with the spot price vibrating in an upward trend, while alumina producers decreased inventories, driven by the upgoing price of domestic aluminum ingot.Asian Metal Copyright Long-term commitment price of alumina surged up in China with the spot price vibrating in an upward trend, while alumina producers decreased inventories, driven by the upgoing price of domestic aluminum ingot.Asian Metal Copyright However, the inverted price gap between the long-term commitment and the spot alumina enlarged due to the slow increase of spot alumina.Asian Metal Copyright By contrast, the price differential between Australian alumina and domestic alumina gradually enlarged as Australian alumina price still ran in a high level, so the market stagnated with quite activity and downstream users were reluctant to take positions.Asian Metal Copyright By contrast, the price differential between Australian alumina and domestic alumina gradually enlarged as Australian alumina price still ran in a high level, so the market stagnated with quite activity and downstream users were reluctant to take positions.Asian Metal CopyrightIn June 2011, Chinese aluminum ingot market held firmly, while price climbed with fluctuations and consolidated in a high level, driven by the downstream demand and the constant reduction of aluminum ingot inventory.Asian Metal Copyright
