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

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January 2019 | Aluminium Weekly Market Tracker


Aluminium started last week low but recovered during the week: Market Summary and Analysis


The deadline to remove sanctions against UC Rusal has been extended by the US Treasury Department’s Office of Foreign Assets Control (OFAC) to January 28 instead of January 21.

Aluminium started last week low but recovered during the week Aluminium started last week below the $1,800 per tonne mark, following weaker than expected Chinese economic trade data, but ended the week on a strong note as the protracted trade negotiations have progressed toward the possibility of removing all or some of the tariffs on Chinese imports to the United States. The US' softening stance indicates a possible way toward a longer-term trade deal. This has allowed global risk appetite to improve, with the base metals complex building on recent gains as decent follow-through buying has emerged. The deadline to remove sanctions against Rusal has been extended The deadline to remove sanctions against UC Rusal has been extended by the US Treasury Department’s Office of Foreign Assets Control (OFAC) to January 28 instead of January 21. Aluminium market participants had feared that the US Senate would block the removal of...

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