Commodity Market Report
Global aluminium short-term outlook May 2021
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. 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 29 images and tables including:
- 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
- Changes in aluminium production estimates since the last month, (kt)
- China alumina imports (kt)
- Press Metal alumina demand
- World ex-China alumina balances, China imports and spot prices, 2020-2023, (kt)
- Supply increase of Chinese refineries in near term, ktpa
- World ex-China smelter grade alumina balance
- China smelter grade alumina balance
- Changes in global SGA production estimates since the last month, (kt)
- World ex-China alumina regions
- Price forecasts and global quarterly aluminium supply/demand balance – (kt)
- Global aluminium prices and premia
- Global primary aluminium consumption (kt)
- Global secondary aluminium consumption (kt)
- Global quarterly alumina production (kt) - including non-metallurgical production but excluding adjustments
- Global quarterly primary aluminium production (kt) - excluding adjustments
- Alumina supply/demand balance global summary (kt)
- Aluminium supply/demand balance global summary (kt)
What's included
This report contains:
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