首页|J.P. Morgan: U.S. Aluminium mill products flat in April
J.P. Morgan: U.S. Aluminium mill products flat in April
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NSTL
Net new orders for U.S. aluminium mill products in April remained flat compared to March 2002, according to J.P. Morgan's analysis of the latest figures released by the U.S. aluminium Association. Although net new orders in April remained flat over March, they are up about 10 percent year-to-date (in December 2001, net new aluminium orders were at their lowest level since the index began in January 1998) and 32 percent up versus April 2001, J.P. Morgan noted.We continue to believe that aluminium prices will be constrained in 2002 (assuming a JP Morgan forecast of 0.66 dollars per pound), owing to the restarts in Brazil and the potential restarts in the Pacific Northwest, JP Morgan's note declared. "In addition, LME aluminium inventories are currently at 1,133,425 (metric) tons, up 38 percent since the beginning of this year, and LME aluminium prices remain flat (up 0.3 percent) year-to-date," it said.
NSTL
