Commodity Market Report
Global aluminium short-term outlook June 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
Investor sentiment towards aluminium has swung between elevated risks of smelter supply and concerns over the health of the global economy. The latter very much dominated LME price action during June, with demand concerns overtaking the possibility of further metal production cuts as we move into the second half of 2022. The official cash price ended May just above US$2800/t but quickly succumbed to selling pressure, moving well below US$2500/t by month end.
Table of contents
- Supply-demand balances
- 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
- LME price change since start of 2022
- LME price change since 2022 peak price
- Manufacturing output slipping
- Global supply-demand balance and stocks in days of consumption
- Cancelled warrants remain elevated
- Acceleration in Chinese primary aluminium exports
- Sellers in the ascendancy
- Global benchmark premia
- Recovery in manufacturing activity but from a low base
- Weak investment activity
- Construction activity remains sluggish
- 23 more item(s)...
What's included
This report contains:
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