Commodity Market Report
Global aluminium short-term outlook August 2021
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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. The official LME cash price moved decisively above US$2700/t in late August, driven by a slew of supply disruptions in China and strong offtake. With market sentiment focused on supply constraints, a tight physical market and record premia prices simply shrugged off weak economic activity data coming out of China. Against this background we forecast a market in deficit this year.
Table of contents
- China
- Asia ex-China
- Europe
- North America
- Alumina Market Developments
Tables and charts
This report includes the following images and tables:
- Manufacturing activity slows in early H2
- Special purpose bond issuance lagging against target
- Infrastructure investment growth flattening
- Construction activity slowing despite surge in completions
- Chinese exports of aluminium semis to the EU
- US shipments of flat-rolled products
- Summary of July production, kt
- Global annualised output rates
- Capacity cuts at Chinese aluminium smelters so far this year, ktpa
- Reported overproduction by smelters in Changji, Xinjiang province
- Changes in aluminium production estimates since the last month, (kt)
- Atlantic alumina market deficit increases
- 14 more item(s)...
What's included
This report contains:
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