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Aluminium Prices Are Expected to Rise to US$2,600/Ton This Year
03-21
On March 15th, Goldman Sachs analyst, Nicholas Snowdon and others, pointed out in the latest metal industry report that the global manufacturing recovery cycle is gradually unfolding, indicating that bulk metal demand is expected to enter a new upward cycle.
The report believes that China's "dual carbon" policy continues to support the demand for raw materials related to the green economy, as well as the cost stimulus effect driven by the recovery of the manufacturing industry in Europe. Metals such as copper and aluminium will gradually enter the supply and demand gap stage, and price performance is expected, and it is expected in the next year Increases of about 25% and 9% respectively.
The report is optimistic about aluminium prices, which are expected to rise to US$2,600/ton this year, with room for an increase of nearly 10% from the current price. In the meantime, on March 21st, LME Cash price is US$2231.5/ton. Analysts said that with China taking the lead, the global aluminium market is expected to see a supply and demand gap of 7.24 million tons this year.
On the other hand, China's aluminium imports are expected to hit a new high in recent years, with annual imports reaching about 2.5 million tons. At the same time, domestic green demand will continue to strengthen its demand for primary aluminium, driving more overseas primary aluminium inflows. Although some European electrolytic aluminium plants are expected to resume production driven by the current higher profits, Goldman Sachs believes that the overall global aluminium supply increase is limited and the gap will still be difficult to eliminate. By then, prices will rise further based on the imbalance between supply and demand, and the average price in 2025 is expected to rise to US$2,850/ton.
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Henan Yongtong Aluminium Co., Ltd.
Business Contact Number：
86-021-6075 0701
86-178 3998 5147
Fax：86-021-6075 0710
Website：http://www.yotoalu.com/
Address:
Factory: Industrial Park, Gongyi City, Henan Province, China.