Commodity Market Report
Global aluminium short-term outlook March 2019
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. Our latest iteration of global market fundamentals continues to point to a tight market over the next few years. This assumes a soft landing for the global economy and aluminium demand plus some restraint in Chinese output growth. However, survey-based evidence suggests that global economic growth is decelerating quicker than expected. The risk to our market outlook is weighted to the downside – a less tight market and price lower than our base case forecast.
Table of contents
- China
-
Asia ex-China
- Japan
- Europe
- North America
- Alumina Market Developments
Tables and charts
This report includes 25 images and tables including:
- China's Caixin PMI rebounds but still below 50
- US-China trade plummets as trade war bites
- No end in sight to downturn in the automotive sector
- The China construction conundrum
- Sources of finance for property investment
- US imports of aluminium structures from China
- US imports of can stock
- US production of rolled products
- Summary of February production, kt
- Monthly output
- Changes in aluminium production estimates since February, (kt)
- Spot alumina prices, (US$/t)
- World ex-China alumina balances, China imports and Spot prices, 2017-2021, (kt)
- Changes in global SGA production estimates since February, (kt)
- China refinery capacity additions
- Price forecasts and global quarterly aluminium supply/demand balance – (kt)
- Global primary aluminium consumption (kt)
- Global alumina production (kt)
- Global primary aluminium production (kt)
- Aluminium stock and premia (kt)
- Alumina supply/demand balance global summary (kt)
- Aluminium supply/demand balance global summary (kt)
- Japanese production of semis
- UK exports of aluminium and semis to the EU
- UK imports of aluminium and semis from the EU
What's included
This report contains:
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