January 2012 | Aluminium Weekly Market Tracker
he rally in aluminium price has halted for now and prices are slipping: Market Summary and Analysis
UC Rusal announced cuts in output of up to 6% during the next 18 months (about 250,000 tonnes).
The rally in aluminium price has halted for now and prices are slipping. The return of China to the markets after the lunar New Year holiday has not resulted in follow through buying. If it does not emerge then we would expect prices to retest the lower levels again. Alloy prices are holding up well, but we think they will be heading lower again before long as we expect the economic background to remain bearish.Aluminium premiums in Europe remained under pressure with duty-paid material picking up last week to $180-190/tonne range from $170-190/tonne, the level last seen in November 2011. The recent wave of European...
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