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 aluminium market has been enveloped in a bullish tone since the start of 2017. Hopes that Chinese production might be curtailed later in the year to reduce pollution, protests over the building of an aluminium products facility and better than expected Chinese demand in the first half of 2017 have all contributed to positive market sentiment. Prices at the end of February hit the $1900/t level and look likely to stay close to this level over the short term. Nevertheless, the global balance remains in a surplus, albeit lower than previously estimated, and we expect prices to soften as we enter the second quarter.
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Global aluminium short-term outlook February 2017 PDF - 643.05 KB 29 Pages, 12 Tables, 15 Figures
Data tables aluminium STO February 2017.xls XLS - 504.50 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 | Feb 2017
Global aluminium short-term outlook February 2017
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