Insight
| |
9 Pages

Aluminium market outlook - 2013 review and events to watch in 2014


Aluminium market outlook - 2013 review and events to watch in 2014

Report summary

2013 was a challenging year for the aluminium industry as the low price environment made an estimated 20Mt of smelter output unprofitable. The unrelenting squeeze on smelters' margins was the result of low aluminium prices and resilient alumina prices during the year which forced the closure of an estimated 1.2Mt/a of high cost capacity in the world outside China (ROW). China curtailed around 2Mt/a of high cost capacity, however, the country also completed an estimated 4Mt/a of new capacity.

What's included?

This report includes 1 file(s)

  • Aluminium market outlook - 2013 review and events to watch in 2014 PDF - 797.41 KB 9 Pages, 2 Tables, 6 Figures

Description

This Metals Insight report highlights the key issues surrounding this topic, and draws out the implications for those involved.

For industry participants and advisors who want to look at the trends, risks and issues surrounding this topic, this report gives you an expert point of view to help inform your decision making.

Our analysts are based in the markets they analyse and work with high-quality proprietary data to provide consistent and reliable insight.

We provide unique in-depth analysis of the metals supply industry so you can make confident strategic decisions.

  • Executive summary
  • 2013 Year in review
  • Events to watch in 2014
  • Demand Analysis
  • Supply Analysis - Market wants more curtailments
  • Indonesia, Gove and China are lifting spot alumina prices

In this report there are 8 tables or charts, including:

  • Executive summary
  • 2013 Year in review
    • Price, premium and cost, 2012
    • Aluminium market outlook - 2013 review and events to watch in 2014: Image 2
  • Events to watch in 2014
    • Stock financing was very profitable in 2013
  • Demand Analysis
    • Regional growth in demand, 2013-2014, (y-o-y %)
    • Aluminium market outlook - 2013 review and events to watch in 2014: Image 5
  • Supply Analysis - Market wants more curtailments
    • Voluntary smelter curtailments effective since October 2011, kt/a
  • Indonesia, Gove and China are lifting spot alumina prices
    • China’s refineries projected to have 78 weeks import bauxite stockpiled at end 2013
    • Rest of World alumina balances, China imports and Spot prices, 2012-2013, (kt)
Requester's name : .............
Department : .............
Authoriser's Name : .............
Authoriser's signature : .............
Date : .............
Cost Centre : .............

Questions about this report?

Frequently Asked Questions

Mailenquiries@woodmac.com
  • Europe: +44 131 243 4699
  • Americas: +1 713 470 1900
  • Asia Pacific: +61 2 8224 8898
contact us

Why Wood Mackenzie?

Wood Mackenzie, a Verisk Analytics business, has been a trusted source of commercial intelligence for the world's natural resources sector for more than 40 years, empowering clients to make better strategic decisions with objective analysis and advice.

We work across every sector of oil, gas, power, renewables, chemicals, metals and mining, covering more than 150 countries. Our proprietary data and models are at the core of everything we do, ensuring our independent asset and company valuations are thoroughly robust and that we offer an accurate forward-looking view of economic indicators such as market supply, demand and price trends.

Our 500+ analysts are based in the regions they cover, cultivating an unrivalled depth of understanding to help clients accurately identify new opportunities, define their strategy and improve business performance.

At every stage, our teams readily collaborate and share their insight to provide an integrated perspective across entire industries. It is this unique and rigorous analytical approach that ensures we are recognised as the industry standard by the world’s most innovative organisations.