According to news from Hong Kong, concerns about tight domestic supplies have prompted Chinese aluminum smelters to be willing to purchase alumina at higher prices next year. According to sources from traders and smelters, the import price of alumina in 2013 was about 16.1%-16.3% of the aluminum price of the London Metal Exchange (LME), and the FOB benchmark was higher than the 15.2% in 2012. - 15.5%.
Goldman Sachs: Downgrade of 2013 aluminum price is expected to be bullish on copper prices Goldman Sachs lowered its six-month aluminum price forecast by 7.0% to US$2,000 per tonne; lowered its 12-month aluminum price forecast by 4.5% to US$2,100 per tonne; but The monthly aluminum price is expected to remain unchanged at US$2,000 per tonne.
Goldman Sachs stated that it is expected that aluminum prices will not perform as well as copper prices in 2013, the aluminum market will still be in excess supply, ** will assume a premium, and price risk will tend to decline.
Global aluminum producers switch to quarterly pricing model in Asia According to Hong Kong/Singapore December 12 news, traders said on Wednesday that global aluminum ingot producers avoided the annual premium, instead favoring a quarterly pricing model in Asia in 2013 because this year Spot premium repeatedly refreshed records.
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