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

Change font size:   

December 2018 | Base Metals

Aluminium: Rebound gains might not stick

We are still positive for aluminium prices in 2019 on the back of another year of deficit. But supply disruption fears – the Rusal and Alunorte situations – that have supported prices this year are diminishing. And there will be fewer environmentally-driven smelter closures in China this winter. The market may not have fully priced in this more comfortable supply outlook.

Across-the-board rally on the US-China trade truce
Last week, the average LME aluminium cash price was $1,925.1 per tonne, slightly down from previous week’s $1,930.0 per tonne. But on Monday this week, December 3, the price increased as much as 2.5% and approached the $2,000 per tonne mark in line with the across-the-board rally among the base metals.

The complex has been boosted by positive sentiment from the agreement between the US and China to call a temporary truce in their trade dispute. High...


You must be a paid subscriber to view the full content.
Content over 60 days old can only be accessed by subscribers.
Call +44(0)20 7779 8000 with your credit card details or subscribe online.


Receive unlimited access to all current and archive content going back to 2008 including downloadable pricing data and forecasts. Plus download the latest issue as soon as it’s published.


Already subscribed?