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

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April 2019 | Aluminium Weekly Market Tracker


Aluminium prices continue to trade sideways: Market Summary and Analysis


The weekly LME average aluminium cash price was $1,869 per tonne last week, down 0.6% from the previous week's $1,880 per tonne.

Aluminium prices continue to trade sideways Aluminium prices continued to trade sideways-to-lower last week, even though macro news was generally positive. After a shocking print in February, the US labour market rebounded forcefully in March – a total of 196,000 jobs were added last month, beating consensus forecast of 175,000. In addition, there was better-than-expected data coming out of Germany, as its industrial output rose 0.7% in February as wild weather helped a surge in construction activity, although manufacturing production slipped. ...due to the strong dollar and LME on-warrant material increase The weekly LME average aluminium cash price was $1,869 per tonne last week, down 0.6% from the previous week's $1,880 per tonne. We believe the reason behind the fall in aluminium prices was the stronger dollar on the back of the good US jobs report, as well as LME stock movements. On the stock front, although a fresh outflow...

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