World market price of aluminium continue to decrease

Almaty. October 13. Kazakhstan Today - World market prices of aluminium have continued to decrease. The average price of cash 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.

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