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Feb 28 (GMT +8 )    Source: SMM  SHANGHAI, Feb 28 (SMM) – Multiple investment banks and institutes have made their forecast on aluminium prices for 2018 and here is the roundup: Goldman Sachs raised its forecast to $2,000/mt due to China’s continuous winter production cut policy. UBS expected the price to climb to $2,400/mt due to a tight supply globally including China. Morgan Stanley expected the price of the lightweight metal to average at around $2,116/mt ($0.96/lb) in 2018-2019, up 7% supported by China’s supply-side reform policies. Bank of America Merrill Lynch saw support in base metals in general and lifts its aluminium price outlook to $2,381/mt ($1.08/lb) for 2018. Macquarie saw an average of $1,938/mt this year due to robust demand from China. This was up 7% from its previous forecast. JPMorgan was not so bullish on aluminium and lowered its price forecast for the second quarter to $1,970/mt. The bank sees weakening demand in China due to...

In 2017, The aluminum market continues to rise. In 2017, the domestic and foreign aluminum market has been boosted by the two major policies of China's production capacity and environmental protection. As of the end of December 2017, aluminum prices in the international market rose 26.6%, while domestic aluminum prices rose 17.5%. The aluminium market was dominated by China policy in 2017. In the first half year two policies had been introduced: Work Plan for Clearning up and Rectifying Illegal Projects in the Electrolytic Aluminium Industry (No. 656), and The Beijing-Tianjin-Hebei Region Measures for Prevention and Control of Atmospheric Pollution (2+26 policy). Under the influence of the two policies, China's electrolytic aluminum production capacity and production had declined month by month since June. But after prices soared, stimulated the part of the compliance of new production and spare production capacity and production capacity, the annual output of ele...