Commodity Market Report

Global aluminium short-term outlook May 2019

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*Please note that this report only includes an Excel data file if this is indicated in "What's included" below

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. So far in 2019 we have seen the removal of 2018 price supportive factors – Rusal sanctions, Section 232 and the Alunorte cut. These have been replaced with price depressing events – intensification of the US-China trade war, a sharper than expected slowdown in global economic activity and a jump in the availability of aluminium scrap. Investor sentiment towards the light metal remains negative with LME prices struggling to move above the US$1800/t for any length of time. Yet all the while in the background global market supply-demand fundamentals continue to exhibit tightness.

Table of contents

  • China
    • Japan
    • Europe
  • North America
  • Alumina Market Developments

Tables and charts

This report includes the following images and tables:

  • Automotive activity takes a dive in April
  • Can better performance in the construction sector be maintained?
  • North American domestic shipments of extrusions by sector
  • US imports of can sheet
  • US imports of common alloys
  • Secondary versus primary use of aluminium in the foundry industry
  • North American use of castings per industry.
  • World ex-China output slumps
  • Summary of April production, kt
  • China smelter cuts 2019
  • China smelter capacity plans
  • Changes in aluminium production estimates since April, (kt)
  • 15 more item(s)...

What's included

This report contains:

  • Document

    Global aluminium short-term outlook May 2019

    PDF 1.19 MB