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

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July 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:

China's 27-year low GDP growth may result in more stimulus measures
In Q2, China's economic growth slid to the lowest level in 27 years as the world's second largest economy feels the impact of the sustained trade war with the United States. The country's gross domestic product grew at 6.2% in the April-June quarter, while it was in line with the market consensus, it was down from 6.4% in the preceding quarter.

A statement from the country's National Bureau of Statistics (NBS), indicated the expectation that the Chinese economy will continue to face downward pressure in the second half of this year, which means it may hit the lower end of the official target growth of 6-6.5% set forth by the government. As a result, we believe more stimulus measures to support the economy are on the cards, which may boost aluminium demand in the infrastructure...

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