How Manufacturers, Analysts See Aluminum Prices in 2013

A handful of poll questions were asked to the attendees at the Harbor Aluminum Outlook conference today, some of which bear sharing, especially since they take 2012 aluminum prices into consideration — and what industrial buyers, sellers, analysts and others are expecting for 2013.

Do you think speculative flows play a role in the determination of long term prices?

• Yes, a bit — 42%
• Yes, significantly — 47%
• Not really — 11%

Speculation is playing as big a role as ever — see our earlier post.

Do you think aluminum prices are:

• Overvalued? — 10%
• Undervalued? — 68%
• Fairly valued — 22%

I believe the bulk of demand/business growth in 2013 will come from:

• North America — 62%
• China — 23%
• EU, Latin America and India distant third, fourth, fifth places

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