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 experienced another turbulent month in June. Escalating trade tensions and growing concerns over their impact on near term global economic activity has kept investors on edge. Unsurprisingly, the LME official cash price has traded in a wide range, from a high of $2331/t down to a low of $2151/t. For the time being, the global balance looks tight with still demand growth coupled with a modest upward trajectory in output.