Commodity Market Report
Global aluminium short-term outlook April 2019
Report summary
The aluminium market service short term outlook (STO) is published monthly and provides a forecast of aluminium supply and demand fundamentals over the next two-years. Having touched the $1900/t level in late March, LME prices have been on a downward trajectory throughout April. At the time of writing, support levels around $1800/t look distinctly vulnerable. A slight dip in China’s manufacturing PMI for April, albeit still above a reading of 50, together with an expected surge in warranted metal in Asian warehouses and continued concerns over the health of the broader global economy looks set to take the LME price below $1800/t level over the next few weeks.
Table of contents
- China
-
Asia ex-China
- Japan
- Europe
- North America
- Alumina Market Developments
Tables and charts
This report includes 24 images and tables including:
- Stimulus measures driving a rebound in economic activity
- SOE fixed asset investment rebounds in Q1 2019
- Automotive sales and output growth stabilises in March
- Are EV and PHEV sales under threat from aggressive subsidy cuts in 2019?
- US production of can stock
- US production of flat rolled products
- World ex-China output slumps
- Summary of March production, kt
- MEE investigation reports
- Changes in aluminium production estimates since March, (kt)
- Spot alumina prices, (US$/t)
- Pacific market disruptions
- Atlantic market disruptions
- World ex-China alumina balances, China imports and Spot prices, 2017-2021, (kt)
- Changes in global SGA production estimates since March, (kt)
- VAT changes
- China refinery capacity cuts (ktpa)
- Price forecasts and global quarterly aluminium supply/demand balance – (kt)
- Global primary aluminium consumption (kt)
- Global alumina production (kt)
- Global primary aluminium production (kt)
- Alumina supply/demand balance global summary (kt)
- Aluminium supply/demand balance global summary (kt)
- Japanese production of semis
What's included
This report contains:
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