Commodity Market Report

Global aluminium short-term outlook May 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

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 positive
  • Infrastructure investment slowing but still elevated
  • Sectoral growth
  • Property market outlook will be determined by the extent of policy tightening
  • Japanese production of semis
  • US shipments of flat-rolled products
  • US imports of flat-rolled products
  • Summary of April production, kt
  • Vedanta aluminium production
  • Allocation of smelters and refineries
  • Global annualised output rates
  • Supply 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