Commodity Market Report
Global aluminium short-term outlook April 2022
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*Please note that this report only includes an Excel data file if this is indicated in "What's included" below
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. LME prices have come off highs set at the start of the Russia-Ukraine war. At the time of writing the official cash price had fallen by over US$400/t since 24 February, and now trades at levels last seen in early February. However, quotes remain just about above the US$3000/t support level, suggesting resistance may be breached imminently. We think that the market may be moving into oversold territory at levels below US$3000/t. Russia’s decision to halt gas supplies to Poland and Bulgaria fueled fresh concerns that other European countries could be next on the list. This will lend support to prices on concerns that further cuts to European smelting production could be forthcoming.
Table of contents
- China
- Europe
- North America
- Alumina Market Developments
Tables and charts
This report includes the following images and tables:
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Manufacturing activity slowingMixed picture for investmentConstruction activity slipping in Q1 2022
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Chinese exports of semis to EuropeUS shipments of extrusionsUS shipments of flat rolled productsSummary of March production, ktGlobal output rates (annualised)Changes in aluminium production estimates since the last month, (kt)Spot alumina priceWorld ex-China alumina balances, China imports and spot prices, 2021-2024, (kt)World ex-China alumina balance
- 11 more item(s)...
What's included
This report contains:
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