Goldman Sachs analysts revised their own forecast for the global price of aluminum in 2013, worsening expectations by 10 percent. It is reported by Dow Jones.
Prices for aluminum will continue to fall, market experts note. A weak reaction of buyers to decreased prices proves the presence of an imbalance of supply and demand.
According to Goldman Sachs analysts, an artificial deficit in the form of limiting metal supplies will not be able to create a shift in the market balance, sufficient to “expand” the price trend over the next 12 months.
The new points of the bank forecast are currently $ 1800, $ 1750 and $ 1750 per ton for 3, 6 and 12 months, respectively, from $ 1850, $ 1900 and $ 2000 per ton. In addition, the bank revised the forecast of the price of aluminum for 2013, 2014 and 2015., reducing it by 1, 10 and 5 percent, respectively.
Aluminum will not be able to grow in price - Goldman Sachs
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Azovpromstal® 21 October 2013 г. 09:54 |
