Commodity Market Report
Global aluminium short-term outlook March 2021
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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. Firm physical demand, exaggerated movements of inventories in LME warehouses’ logistical bottlenecks and concerns over future Chinese production, propelled the intra-day LME price to within touching distance of US$2300/t – a level not seen since Q2 2018. While some positive market developments will be transitory, others could become more entrenched over the next few years.
Table of contents
- China
- Japan
- Europe
- North America
- Alumina Market Developments
Tables and charts
This report includes the following images and tables:
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As expected, economic activity moderates in the first two months of the yearSurge in generation and grid investment in early 2021Credit tightening will likely lower construction activity in H2
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Chinese exports of aluminium semis to the EU 27European billet premia vs ingot premiaUS shipments of flat-rolled productsSummary of February production, ktGlobal annualised output ratesInner Mongolia smelter cutsChina’s smelter capacity increases in 2021, ktpaChanges in aluminium production estimates since the last month, (kt)Spot alumina price, US$/t
- 15 more item(s)...
What's included
This report contains:
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