Research

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

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April 2019 | 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.

Demand Analysis

Global aluminium markets took divergent paths in the week ended Friday April 5, with premiums in the Dutch port of Rotterdam and Asia edging upward after gaining support from wide contangoes in London Metal Exchange aluminium price spreads and tightening spot supply of refined metal in Asia.

Rotterdam premiums up on consistent LME contangoes, stronger Asian market

In Europe, aluminium premiums in Rotterdam rose this week on the back of stable and wide contangoes in LME price spreads, while at the same time, higher premiums in Asia were said to be drawing metal away from Europe. Fastmarkets assessed the benchmark Rotterdam duty-unpaid P1020 in-warehouse premium at $87-97 per tonne April 5, up by $2 per tonne from $85-95 per tonne in prior week and the highest since June 2018. Contangoes are generally supportive of premiums because an expected increase in prices covers the cost of financing and rent,...

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