The Aluminum Industry Development Present Situation and Prospect

The problem of overcapacity in China's aluminum industry is more and more serious currently; the products low prices are influenced by the supply surplus which causes the heavy losses in aluminum business. Domestic demand growth is an important direction; aluminum industry must limit the productivity growth and eliminates the excess capacity. Australia bank (ANZ) analysts said that aluminum market will face the risk of rising supply in 2014 because of a rise in interest rates will result in long-term financing deal ends, it will release about 8 million tons of aluminum to enter the market. Supply surplus, domestic expanding production, high inventory, and the weak downstream consumption make the whole industry has no intention of pushing up the price. On the other hand, Shanghai aluminum sustained downturn volume and quantity show a weak performance in capital aspect.
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