Industry News

Brief annual report of China Aluminum Market in 2016 and forecast in 2017 Post by on 2017-01-13

The market trend review of 2016

In 2016, aluminum price show higher volatility trend, since price is at the bottom level, aluminum market launched a volatility in 2016, Aluminium price in London market runs in the range of 1449 - 1709 dollars, Shanghai aluminum in the range of 10510-13010 RMB yuan. At the end of September and early October, the market appeared high resistance and turns into a volatile trend, even in the weak performance of the LME aluminum case, Shanghai aluminum remained relatively strong state.

▲ London and Shanghai aluminum Week K-line trend(2016)

Aluminum market analysis

At the beginning of this year, international oil prices began to rebound after bottom, Chinese economic data comes better, at the same time, positive expectations is continuously fermentation, London aluminum market price is rising since at the beginning of the year, at the first quarter confirmed on the $1500 integer, at the 2nd  quarter confirmed on the $1600, at the 3rd quarter performance gains rest in high narrow adjustment, encountered strong resistance at $1700, at the fourth quarter it faces votatile trend in greater chance.

Price forecast

It is expected that in 2017 it will be transferred to the interval concussion, the operating range of material in the range of 1600-1800 U.S. dollars.

We expect the next year, Shanghai aluminum prices will be displayed in the 12000-13700 yuan interval running.

  • 2017-01-13

  • Facebook Twitter LinkedIn Pinterest Google+ Addthis

Copyright © 2017 Wellcan Aluminium Co., Ltd All Rights Reserved.