Global aluminium short-term outlook September 2022 Report

Commodity Market Report 30 September 2022

Get this report

$5,000

You can pay by card or invoice

Share link

First name
Last name
Job Title
Company
Email
Telephone

Country

Message

Consent

Please keep me informed about Wood Mackenzie products, services and events.

Submit Category

For details on how your data is used and stored, see our Privacy Notice.

- FAQs about online orders
- Find out more about subscriptions

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.

China
Asia ex-China
Europe
North America
Alumina Market Developments

Tables and charts

This report includes 29 images and tables including:

Investment activity growth holds steady
Manufacturing in contraction mode
New property starts continue to fall

Auto sales and output extend gains on government support
Japan shipments of rolled and extruded products
German semis output falling fast
Chinese semis exports to Europe fall on duty re-imposition
US Shipments of flat rolled products
Non energy related cuts in ROW and energy related cut at Hawesville
Energy related cuts in Europe
Summary of August production, kt
Russian and Eastern Europe aluminium output (Mt annualised)
Global monthly output (annualised)
Changes in aluminium production estimates since the last month, (kt)
Spot alumina price
World ex-China alumina balances, China imports and spot prices, 2021-2024, (kt)
China alumina exports, kt
World ex-China 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)