China output could be hit, global demand seen higher: Analysts Though aluminium prices have dropped from the three-year high witnessed early this month, they are seen rebounding this year as production growth in China is expected to be lower than initial estimates and demand from other parts of the world is likely to increase. Last month, US ratings agency Fitch Solutions said that it was revising its aluminium price forecast to $2,050 a tonne from $1,850 for this year as “the market is currently tight amidst supply concerns at a time when demand for manufactured goods is recovering strongly”. According to Dutch multinational financial services firm ING, global demand is set to remain strong leading to widening supply gap. London Metal Exchange aluminium futures ended at $2,434 a tonne during the weekend. The metal prices had hit a three-year high of $2,535 earlier this month before dropping below $2,450. On Monday, the metal quoted $2,961 on Shanghai exchange, down from $3,117 on May 10. This year, aluminium prices have increased 26.5 per cent. Last week, they rose 6.6 per cent.