Commodity Market Report
Global aluminium short-term outlook March 2017
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. The promise of China output cuts and better short term demand prospects propelled the LME aluminium price to a 2 year high over past month. March will end with the official LME cash price trading well above $1950/t. Since the first trading day of 2017, the aluminium price has gained $253/t, an increase of 15%. Having struggled against most of the other LME base metals for much of 2016, aluminium is currently second only to lead in prices performance on the exchange. In recent months price under-performance has given way to price over-performance. It is certainly true that there have been some tangible positive developments for aluminium, however, we expect the recent prices gains to be trimmed as we move further into 2017.
Table of contents
-
China
- China smelter curtailments and restarts
-
Alumina Market Developments
- Changes in global SGA production estimates since February, (kt)
Tables and charts
This report includes 22 images and tables including:
- China homes sales, starts and completions
- Spot alumina prices, (fob US$/t)
- Price forecasts and world quarterly supply/demand balance – (kt)
- Global primary aluminium consumption (kt)
- Global alumina production (kt)
- Global primary aluminium production (kt)
- Aluminium supply/demand balance global summary (kt)
What's included
This report contains:
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