无锡亚博兰机械设备有限公司
Wuxi Ybolan Machinery & Equipment CO.,LTD
Home > News > Content
Jpmorgan Chase Short Term Bearish Aluminium China's Efforts To Prevention And Control Of Air Pollution Affect Demand
Dec 19, 2017

Jpmorgan chase, the short term light aluminum prices, there are signs that the Chinese government in response to the energy conservation and emissions reduction measures taken by the winter air pollution, lead to a slowdown in demand.

 

J.p. Morgan analyst Natasha Kaneva and Gregory C Shearer send a report on Monday, China's measures in winter shut down excess capacity and production for aluminum industry has brought the "unique" in a year.These measures help digest excess supply, and helped the London metal exchange prices up 22% this year.

 

In order to ensure the air quality in heavy industry to carry out the control measures to help curb the problem usually will become serious pollution in winter, but there are also indications that these measures not only damaged the supply, also influence the demand.Prompting jpmorgan chase will be in the first quarter of next year's average price forecast by 7% to $2000 / ton.

 

Analysts wrote, in the northeast areas of China's air pollution policy suppresses demand, a reverse of the usual seasonal characteristics of large construction projects are on hold.

 

Analysts said that jp Morgan cut its forecast for aluminium, the Beijing air pollution is a "decisive factor".This is because the success of the policy to reduce the risk of China will further cut capacity.Jpmorgan chase will be its second quarter price forecast by 4% to $1970, but in the second half of the year forecast remains unchanged.

http://www.alucncmachining.com/