Commodity Market Report
Global aluminium short-term outlook December 2018
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. Aluminium prices consolidated lower during December, weighed down by weak economic data from China, strength in the US dollar and an increase in LME deliveries caused by backwardation in December-January spreads. The LME price came under renewed downward pressure on 20 December, following the US Treasury Department’s announcement that sanctions against UC Rusal would be removed within 30 days. Despite broad market expectations that the US government would end Rusal sanctions, the announcement seems to have caught the aluminium market by surprise.
Table of contents
Tables and charts
This report includes 25 images and tables including:
- Executive summary: Table 1
- Indexed base metal prices
- Global balance swings into deficit in 2018/2019
- Global aluminium premia
- Russian exports of aluminium
- India imports of plate, sheet and strip
- EU28 exports of flat rolled products
- Chinese exports of semis to the EU
- US exports of cars
- US imports of PSS and foil
- Production of flat-rolled products in North America
- Supply: Table 1
- China output increases in November
- Supply: Table 2
- China alumina supply
- Supply: Image 2
- Supply: Table 4
- Supply: Table 5
- Price forecasts and world quarterly supply/demand balance – (kt)
- Global primary aluminium consumption (kt)
- Global alumina production (kt)
- Global primary aluminium production (kt)
- Aluminium stock and premia (kt)
- Alumina supply/demand balance global summary (kt)
- Aluminium supply/demand balance global summary (kt)
What's included
This report contains:
Other reports you may be interested in
21 December 2018
Global copper short-term outlook December 2018
Commodity Market Report
Global copper short-term outlook December 2018
Sentiment continues to take precedence over movements in copper prices, despite the supportive fundamentals through most of 2018
$2,00019 December 2018
Global iron ore short-term outlook December 2018
Commodity Market Report
Global iron ore short-term outlook December 2018
Iron ore is back in familiar territory at $70/t CFR; but we see limited scope for higher prices in the short term.
$2,00019 December 2018
Global nickel short-term outlook December 2018
Commodity Market Report
Global nickel short-term outlook December 2018
Nickel prices have had no reason to rally but next year will be better.
$2,000
Trusted by leading organisations
