Goldman lowers aluminum futures pricing forecast 8,3%

摘要

Goldman Sachs Inc. has lowered its price forecast for three-month aluminum on the London Metal Exchange by 8.3 percent to 2,200 dollars per tonne from 2,400 dollars per tonne due to the ongoing European debt crisis and a stronger U.S. dollar/euro. "Our prior forecasts did not incorporate widespread deleveraging and a significant move to net speculative short positioning on the back of a crisis in confidence in European policy makers to respond to the unfolding banking and sovereign crisis in the region, nor did they embed the associated appreciation in the dollar/euro," Goldman analysts wrote in a June 11 research report.