According to Dow Jones, Standard Bank cut aluminum rice forecast from 2225$ to 2013$ in 2013 to show its cautious attitude to the fundamentals of aluminum industry, and it also trimmed the demand growth forecasts.
Standard Bank claimed:”Globle aluminum industry may witness the excess supply in 2013, and the surplus quantity depends on the demand and the condition of economic resurgence .”
Standard Bank predict the aluminum demand growth is 6.8% in 2013, inferior to the former data of 7.3%.
Standard Bank also claimed, because of the present financing agreement caged a quantity of metals effectively, backwardation remains in high-order position.
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