Commodity Market Report

Global aluminium short-term outlook May 2021

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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 official LME cash price reached a three-year high of US$2565/t on 10 May. Since then it has lost more than US$200/t on rumors that the Chinese government could intervene in the markets to limit the escalating prices of raw materials.

Table of contents

  • China
  • Asia ex-China
  • Europe
  • North America
  • Alumina Market Developments

Tables and charts

This report includes the following images and tables:

    PMI's diverge but underlying growth remains positiveInfrastructure investment slowing but still elevatedSectoral growth
    Property market outlook will be determined by the extent of policy tighteningJapanese production of semisUS shipments of flat-rolled productsUS imports of flat-rolled productsSummary of April production, ktVedanta aluminium productionAllocation of smelters and refineriesGlobal annualised output ratesSupply cuts estimation due to hydropower shortage
  • 17 more item(s)...

What's included

This report contains:

  • Document

    Global aluminium short-term outlook May 2021

    PDF 1.38 MB