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

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March 2018 | Aluminium Weekly Market Tracker


Weekly average LME aluminium price down 1.3%: Market Summary and Analysis


Deliverable aluminium inventories in SHFE warehouses extended their multi-month gain to a new record high, according to exchange data on Friday (March 16th).

Weekly average LME aluminium price down 1.3% The weekly average LME aluminium cash price was $2,080.9 per tonne last week, down 1.3% week-on-week, as aluminium inventories in China registered another record high and the winter heating season officially ended, which means the 30% production cut rule for affected provinces will no longer apply. SHFE al inventory jumped 10.3% last Friday Deliverable aluminium inventories in SHFE warehouses extended their multi-month gain to a new record high, according to exchange data on Friday (March 16th). Aluminium inventories rose by 87,303 tonnes, or 10.3% to 934,216 tonnes, registering the biggest increase since March 2017. The inventory level has risen every week since late June. Winter heating season officially ended last week On the other hand, the aluminium production cuts conducted during the winter heating season officially ended last week. While some producers in Henan province said they may not restart immediately due to...

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