Commodity Market Report
Global aluminium short-term outlook January 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. Having hit a low of US$2600/t in the first week of December, the official LME cash price moved US$200/t higher by the end of 2021. Since then the price has been on a sharp upward trajectory, propelled by more primary metal cuts in Europe, a solid return to demand growth and rising tensions between Russia and Ukraine. At the time of writing the price was trading either side of US$3100/t. The tightness in metal availability saw the cash to three-month spread moving from a US$18/t contango in early January to a US$24/t backwardation at month-end. The market is set for a period of high prices and mounting uncertainty.
Table of contents
- China
- Europe
- North America
- Alumina Market Developments
Tables and charts
This report includes the following images and tables:
- Investment growth slipping except for manufacturing
- Manufacturing activity picks up ahead of the Chinese New Year
- Retail sales continue to slide
- Property market weakness triggers monetary stimulus
- EU imports of PSS from China
- US shipments of flat rolled products
- Power price by market
- Europe smelting cuts
- Alro power supplier
- Summary of December production, kt
- Changes in aluminium production estimates since the last month, (kt)
- Ireland alumina exports 2021
- 15 more item(s)...
What's included
This report contains:
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