Aluminum price in 2015 will be maintained at a high level

Bauxite supply problems and new capacity growth will be the main dominant factors affecting the aluminum market in 2015, according to Guotai Junan futures research report.

In the Chinese market, "prices for aluminum sheet fell slightly in early 2015, but there is a possibility that prices for aluminum will rise above 15,000 yuan per ton, "the report says. In addition, JP Morgan noted in one of its reports that the bauxite supply disruption would support high aluminum prices in 2015, but added that expansion of production capacity in China would have a positive impact on price increases for some time to come.

Aluminum consumption is outstripping production in Europe as well as in America, which helps to maintain the price of products in these regions, even after the increase in the supply of goods from China, so the demand for aluminum in the global market will be healthy. Since the demand for aluminum in the construction, automotive, aircraft and aerospace industries increases the consumption of aluminum, then its price will remain high.

The largest company, Alcoa, said its sales were better than expected last year. The company benefited from an increase in the price of aluminum and the dollar. In addition, the company said it exported a record number of automotive aluminum sheets last year. Alcoa predicts a 7 percent rise in demand for aluminum in 2015.