Friday, October 10, 2014

No Big Turnround Expected in Aluminum Market.

No Big Turnround Expected in Aluminum Market
The longs are not advised to enter the aluminum market, as no big turnround is expected to happen in the aluminum market during October, one CIFCO analyst told SMM in a recent interview. 
“The policy-front action and demand conditions will determine October’s aluminum market”, the analyst said. 
A moderate development of global automobile market will allow for a relatively balanced aluminum market in China as long as the resumption in domestic aluminum industry is at a slow pace, the analyst added.   

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