Major Developments for Aluminium Market

Posted in Industry News on 10th January 2010

William Rowland are a leading supplier of Aluminium.

With many industry members glad to see the back of 2009, the turn of the New Year has been greeted with the news that the global aluminium market is heading for a big surplus during the forthcoming months as demand for the non-ferrous metal continues to be out-placed by supply.

With an abundance of stock accumulating in warehouses, the surplus of aluminium could lead to a reduction in the current price per tonne as distributers look to reduce the amount of stock they are currently holding. Any reduction in price could have repercussions right across the industry board as companies begin to compete on the cheapest price.

It is hoped that demand will pick up later in 2010, as market recovery takes place. This will hopefully be aided by a strong growth in Chinese demand and a moderate recovery in developed countries.

As demand cautiously grows, the metals market will most likely stay tight over the next few months with LME negotiations regarding stocks and financing deals due to be completed.

William Rowland Ltd are aluminium suppliers, and if you would like to find out how we can meet your requirements, please contact us using the Quick Enquiry Form on the right-hand side of this website.

Tags: Aluminium News, High Purity Metals News, Inoculants News, Metal Powders News