Commodity Market Report
Global aluminium short-term outlook March 2018
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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. The LME aluminium price tumbled towards $2000/t in March having hit a multi-year high in mid February at $2266/t. Rising global trade tensions, the continued build in SHFE stocks and a likely resumption of Chinese output growth following the winter cuts weighed heavily on market sentiment.
Table of contents
- Manufacturing activity in all major economies in growth mode for now
- Global benchmark premia
- China
-
Asia ex-China
- Japan
- Japanese semis output
- South Korea
- Thailand
- North America
- US
- Europe
- Summary of February production, kt
-
Alumina Market Developments
- Changes in global SGA production estimates since February, (kt)
Tables and charts
This report includes the following images and tables:
- A more pronounced global slowdown becoming a major risk
- Global supply-demand balance, 2011-2020
- SHFE stocks moving higher despite smelter cutbacks and decent demand growth
- LME cash-price and cash-three month spreads
- Sharp divergence between the official NBS and Caixin PMI's
- China's EV output jumps spectacularly in early 2018, but from a low 2017 base
- Rising land sales in 2017 could pose upside risk to the real estate sector
- Rest of World alumina balances, China imports and Spot prices, 2017-2020, (kt)
- Japanese housing starts plunge
- South Korea plate, sheet and strip imports
- 13 more item(s)...
What's included
This report contains:
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