Commodity Market Report
Global aluminium short-term outlook September 2022
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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
Aluminium prices have been under pressure for most of September. A US dollar index at a 20-year high combined with slowing economic activity in China and the rest of the world dragged the official cash price down from close to US$2500/t on 28 August to below US$2100/t a month later. News of a possible change to the LME’s stance on Russian metal sent the LME aluminium price to an intra-day high of just over US$2300/t. At the time of writing, the price had retreated towards US$2200/t after the LME clarified that no decision had been made to launch a discussion paper on the warranting of Russian-origin metal. Nevertheless, we expect the price to remain under pressure from the continued flow of negative economic news.
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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Investment activity growth holds steadyManufacturing in contraction modeNew property starts continue to fall
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Auto sales and output extend gains on government supportJapan shipments of rolled and extruded productsGerman semis output falling fastChinese semis exports to Europe fall on duty re-impositionUS Shipments of flat rolled productsNon energy related cuts in ROW and energy related cut at HawesvilleEnergy related cuts in EuropeSummary of August production, ktRussian and Eastern Europe aluminium output (Mt annualised)
- 17 more item(s)...
What's included
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