Global aluminium short-term outlook September 2016
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 base case view of the market supply-demand balance continues to show a market that is in a comfortable oversupply position over the next few years. Despite an upward revision to our Chinese demand growth estimates, continued output build in China and slowing demand growth in key ROW markets will leave the market balance in surplus over the next 3 years. We expect the scope for significant average annual price gains to be limited.