May 2012 | Aluminium Weekly Market Tracker
Aluminium prices have extended to the downside: Market Summary and Analysis
UC Rusal is considering to cut 300,000-600,000 tpy of its high-cost capacity starting from the second half of 2012.
Aluminium prices have extended to the downside and that now puts last December’s lows in focus – As prices approach those levels the market should be ready for further production cutback announcements. Alloy prices have extended lower and may head back towards December’s low which were at $1,880/tonne.LME aluminium stocks remained below the 5 million tonne level last week, with stocks down 30,400 tonnes on the week. The outflow continues to gather pace following the introduction of larger load-out rates at the start of April.Aluminium demand in Japan continues its slow road to recovery driven by the growth...
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