Commodity Market Report
Global aluminium short-term outlook April 2020
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. Investors largely maintained a risk-off stance towards the base metals complex during April. The official LME cash price hit a month low of US$1421/t on 8 April before moving to a month high of US$1483/t on 17 April. An oil deal between Saudi Arabia and Russia, better Chinese export and economic data for March and some reopening of businesses in Europe added some positivity to sentiment which had been at rock bottom for the previous four weeks. The market this month has been looking for any bit of good news to see if there is light at the end of the tunnel. Since then prices have held just about above the US$1450/t and trading in a narrow range to US$1470/t.
Table of contents
- China
-
Asia ex-China
- Europe
- North America
- Alumina Market Developments
Tables and charts
This report includes 20 images and tables including:
- Infrastructure investment set to climb in 2020
- Property market recovers in March but from a low base
- Automotive sector still facing significant challenges
- North American production of rolled products
- North American production of extruded products
- Summary of March production, kt
- Changes in aluminium production estimates since last month, (kt)
- Alumina demand destruction (Mt)
- Alumina cost curve 1 Q1 2020 base case and 15 April flex
- World ex-China alumina market balance
- Third party alumina suppliers
- Changes in global SGA production estimates since last month, (kt)
- Price forecasts and global quarterly aluminium supply/demand balance – (kt)
- Global primary aluminium consumption (kt)
- Global quarterly alumina production (kt) - including non-metallurgical production but excluding adjustments
- Global quarterly primary aluminium production (kt) - excluding adjustments
- Alumina supply/demand balance global summary (kt)
- Aluminium supply/demand balance global summary (kt)
- Chinese exports of aluminium semis to the EU
- SHFE/LME for Chinese exports of FRPs into Europe
What's included
This report contains:
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