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France Societe Generale Raise Aluminum Surplus Predict

Tuesday, Dec 18, 2007
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London, Dec. 18—France Societe Generale raise aluminum surplus predict because aluminum output is high, it predicts that aluminum surplus in 2007 is 750,000 ton. SG said: “though aluminum inventory increase in this year, there may be a lot of unreported inventory.” It also said that this phenomenon has appeared in 2002-2005, and consumed completed in 2006. That means market supplying is good while stock report is low. It also expressed that they forecast that aluminum will surplus too in 2008, even if the demanding grow quickly and supplying limited, there probably surplus. The surplus will be 300,000 ton in 2008. SG predict aluminum consume is 37.5 million ton in2007 and 41 million ton in 2008 and 44.15 million ton in 2009.

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