13.10.2008, 13:30 3072

World market price of aluminium continue to decrease

World market prices of aluminium have continued to decrease. The average price of this metal at the London stock exchange of metals on Chinese spot market decreased.

Almaty. October 13. Kazakhstan Today - World market prices of aluminium have continued to decrease. The average price of this metal at the London stock exchange of metals on Chinese spot market decreased.

One of the reasons of reduction of prices for aluminium is negative world economic situation. Financial crisis negatively influences many countries that reduce consumption of production from nonferrous metals. It together with strengthening of the rate of American dollar concerning euro forces exchange players to get rid of stocks of nonferrous metals to receive cash. Therefore, in the market of metals sales prevail, which leads to falling of prices.

According to the International Aluminium Institute, world production of primary aluminium for eight months from the beginning of the year has grown by 6.7 % in comparison with the similar period of the last year.

The International Aluminium Institute informed that surpluses of aluminium in the world for July have increased by 6.6 % and world deliveries of aluminium for 7 months 2008 have exceeded demand.

This information may not be reproduced without reference to Kazakhstan Today. Copyright of materials of News Agency Kazakhstan Today.

Found an error in the text?

Select the error and press Ctrl + Enter at the same time.

relevant news

Most viewed