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

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October 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

Declines in billet premiums may affect P1020 market fundamentals
In the recent Fastmarkets’ International Aluminium conference we attended in Athens, Greece, we understood that weak fundamentals in aluminium billet and other VAP premiums were a key concern for market participants further up the supply chain, who worried the continuous decline in billet premiums across Europe and in the US since Q4 2018 may affect P1020 market fundamentals heading into next year.

The spike in market supply was the main reason behind the fall in aluminium billet premiums, which was the result of participants wanting to take advantage of billet premiums, which soared to a three-year high in Europe and an all-time high in the US following a supply panic from US sanctions on Rusal metal in April 2018. Although, after the US government removed sanctions on Rusal in January and global economic uncertainties began emerging and eating...


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