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No. 31, Huaqian Revenue, Huaqian Industry Park,
Pingqiao Town, Tiantai County, Taizhou, Zhejiang
J.p. Morgan expects prices to rise another $100 a tonne in the fourth quarter
"Demand growth will exceed capacity growth from 2017, leading to improved operating rates and higher aluminium prices," said analysts at Citi。
J.p. Morgan analysts expect (JPMorgan), aluminum prices will rise again in the fourth quarter $100 a tonne, they pointed out that "market group realized that although China's aluminium stock since this year has increased by three times as much, but supply-side reform is already a reality, this is a good support prices"
They added: "however, rising prices could push smelters outside China to restart production and push global markets into surplus".
LME aluminum could return to $2,065 a tonne