Commodity Market Report
Global aluminium short-term outlook July 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
Despite an increasingly gloomy outlook for the global economy, there were some signs of stability for the aluminium price amid heightened uncertainty over European gas prices. After dropping from an early June high of just under US$2800/t to US$2320/t in mid-July, the official cash price spent most of the second half of the month just above US$2400/t. For the time being prices will continue to be driven by further negative economic news but will find support from mounting margin pressure and the light metals’ high energy leverage.
Table of contents
- Supply-demand balances
- China
- Asia ex-China
- Europe
- North America
- Alumina Market Developments
Tables and charts
This report includes the following images and tables:
- LME cash price and cash-3 month spreads
- Manufacturing output deteriorates
- Global supply-demand balance and stocks in days of consumption
- Investors continue to pull back from the aluminium market
- LME inventory drawdown continues
- Global benchmark premia
- Manufacturing activity improves on easing Covid restrictions
- Property sector depressed
- Downturn in private investment in H1 2022
- Fixed asset investment in railways
- Shipments showing signs of slowing
- Chinese exports of semis to the EU
- 24 more item(s)...
What's included
This report contains:
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