Goldman Sachs: China’s aluminum producers to benefit from rising aluminum prices
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Update time : 2021-03-12 22:09:20
According to Goldman Sachs, a financial services firm, China’s aluminum producers’ revenue was expected to be boosted by rising aluminum prices.
Goldman Sachs raised its aluminum price estimate at the Shanghai Futures Exchange (SHFE) by 17%-32% for 2021 to 2023.
The fundamental supply and demand balance will be tightened due to strong demand and supply restrictions in the coming years, said Goldman Sachs.
The main theme of domestic favourable macro front remains unchanged, SHFE aluminium prices showed a ‘v-shaped’ rebound today
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