Commodity Market Report
Global aluminium short-term outlook October 2020
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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. Our discussions with industry participants around LME Week paint a picture of a market that is in a holding pattern. Against the background of heightened uncertainty over recovery in ROW aluminium demand and the ever changing background of virus containment, there is little conviction in the run-up in prices above the US$1800/t level. Indeed, at the time of writing, the cash price had broken below support at US$1800/t due to rising US infection rates and some European countries announcing a return to national lockdowns. Against this background we continue to forecast a sizable build in the global metal surplus out to 2022.
Table of contents
- China
- Asia ex-China
- Europe
- North America
- Alumina Market Developments
Tables and charts
This report includes the following images and tables:
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Stimulus supporting economic activityInvestment's contribution to GDP slowed in Q3Property sector growth moderates
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SOE investment still driving overall economic activityJapanese production of semisExports of aluminium rolled products to the US by European countries under investigationUS shipments of automotive sheetUS shipments of extrusionsUS shipments of can sheetSummary of September production, ktRivers and smelters in Yunnan provinceChanges in aluminium production estimates since the last month, (kt)
- 18 more item(s)...
What's included
This report contains:
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