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. The bulls were firmly in charge during the past month. Prices rebounded strongly, driven by rising investor conviction that this time the Chinese authorities are serious about clamping down on illicit capacity and pollution control. Demand conditions remained broadly positive. While Chinese industrial production and leading indicators softened slightly in July, they were still in expansionary mode. This indicates that growth conditions remain supportive, at least for the third quarter. Elsewhere, despite the seasonal drag the positive short term outlook for European offtake remains intact. Industry contacts report firm activity across a range of end-use sectors and offsetting easing demand growth in North American markets. While demand growth in Asia ex-China is mixed, the overall direction remains positive.
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Global aluminium short-term outlook August 2017 PDF - 721.83 KB 35 Pages, 16 Tables, 16 Figures
Data tables aluminium STO August 2017.xls XLS - 521.50 KB
As global demand weakens and commodity prices fall, we're seeing a challenging environment in the metals and mining industry. Mining companies are increasingly coming under pressure to reduce operating costs, causing many to shift their strategic planning, delay new investments and look to long-term future growth.
This Aluminium Short Term Outlook report provides a detailed breakdown of global supply and demand balances in this market, as well as price forecasts.
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Commodity market report | Aug 2017
Global aluminium short-term outlook August 2017
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