Commodity Market Report
Global aluminium short-term outlook February 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. The LME price hit a record high on 24 February, with the official cash price breaching the US$3500/t level following the start of the Russian-Ukraine conflict. At the time of writing, the price had moved lower on long liquidation and profit taking. However, the wider market remains in a fluid state, with trading driven by unfolding events. The metals’ trading range at US$191/t on 24 February was the widest since October 2021 while volume, at 35,052 lots, was the highest since 19 April 2018, when sanctions on Rusal were imposed. The market is set for a period of high volatility amid fears that Russian metal exports could be the next target for western sanctions.
Table of contents
- China
- Europe
- North America
- Alumina Market Developments
Tables and charts
This report includes the following images and tables:
- Slowdown in manufacturing activity
- Manufacturing activity picks up ahead of the Chinese New Year
- Chinese exports of semis to Europe
- US shipments of flat rolled products
- World ex-China cuts
- Power price by market
- Summary of January production, kt
- China aluminium actual and expected restarts in 2022, ktpa
- Changes in aluminium production estimates since the last month, (kt)
- Spot alumina price
- World ex-China alumina balances, China imports and spot prices, 2020-2023, (kt)
- China alumina capacity cut in January and February, ktpa
- 12 more item(s)...
What's included
This report contains:
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