Commodity Market Report
Global aluminium short-term outlook July 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. Resilient demand and supply disruptions will result in a small deficit in the global balance in 2021. This is price supportive with LME quotes now comfortably trading above the US$2550/t level. At the time of writing, news of curbs on power consumption at Chinese smelters in Yunnan, Guangxi and Guizhou has pushed the LME price above $2600/t while the ShFE settlement price hit an 11 year high at just below the RMB10,000/t level. However, higher metal supply and softer demand growth should pull prices lower over the next two years.
Table of contents
- China
- Asia ex-China
- Europe
- North America
- Alumina Market Developments
Tables and charts
This report includes the following images and tables:
- Favourable ShFE-LME arbitrage and firm demand driving aluminium imports
- Manufacturing activity eases in June
- Fixed asset investment slowing
- Slowing investment suggests a lower growth trajectory in H2 2021
- Property market growth easing
- Japanese production of semis
- US shipments of flat-rolled products
- US shipments of extrusions
- Summary of June production, kt
- China restarts (kt)
- Global annualised output rates
- Changes in aluminium production estimates since the last month, (kt)
- 15 more item(s)...
What's included
This report contains:
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