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Forecasts and market analysis based on price assessments from Fastmarkets MB and Fastmarkets AMM

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August 2014 | Aluminium Weekly Market Tracker


Primary and Secondary Fundamental Analysis


Analysis of consumption and production of primary aluminium, and an analysis of the market drivers of secondary aluminium and aluminium scrap.

Demand AnalysisSlowdown in Eurozone economic growth The past week has been taken up by some fairly disappointing economic news coming out of the Eurozone, when it was revealed that in Q2 the region’s three biggest economies failed to show any real growth. We have stressed on many occasions that the European recovery is still exposed to headwinds, and that the trade war underway with Russia could prove to be a big drag on European growth, but nevertheless these Q2 numbers were weaker than we had expected. And on top of this, these numbers refer to a period before the sanctions on Russia trade had really kicked in at full force.German businesses getting nervous and putting orders on hold Potentially most disturbing for the aluminium market is the fact that Germany’s GDP contracted by 0.2% in Q2, which was the first period of contraction since the start of 2013. The weak tone...

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