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Global aluminium market may witness 275Kt deficit in 2014

Posted on 04 December 2013

Aluminium market deficit excluding China is expected to go up further next year than in 2013, “provided producers go ahead with all the production cuts that have been announced, the global market balance will shift into a small 275Kt deficit next year-the first since 2006-07-substantially tighter than the 1.2Mt surplus we forecast back in mid-2013,” according to weekly report by London based Barclays.
In the context of 2014, “we forecast an average price of $1,838/t, which infers a very similar range-bound price dynamic to this year………………………………………..Full Article: Source


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