ABARE Predicts Alumina Price may fell next year

Australia governmental research department—According to predict of ABARE (Australia Bureau of Agriculture Resource and Economy), aluminum price will fell 11% to 2365$/ton. Aluminum average price is 2660$/ton this tear. It also shows that primary aluminum output may surpass demand again. That may causes build inventory is equal to consume of 5.4 week in the end of 2008, and build inventory is equal to 4.6 consume amount. It also predicts that primary aluminum surplus is 512,000 ton and 841,000 ton in next year. Next year global consume government will fell to 6.4% from 10%. China consume increase rate will fell to 13%, and America consume increase 1%.