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March 2020 | Aluminium Weekly Market Tracker


Global markets seem to be stabilizing amid hopes of coordinated global stimulus: Market Summary and Analysis


According to Rusal's estimates, global aluminium demand in 2019 rose by 0.1% to 65.3 million tonnes, with ex-China demand dropping by 2.6% to 28.5 million tonnes and Chinese demand increasing by 2.4% to 36.8 million tonnes.

Global markets seem to be stabilizing amid hopes of coordinated global stimulus Aluminium prices were not able to escape the week-long sell-off in global financial markets last week, as concerns escalated about toll the novel coronavirus (2019-nCoV) was taking on the global economy. The LME cash aluminium price dropped to $1,663 per tonne on Friday, the lowest level since October 2016. The weekly average cash price was $1,673.6 per tonne last week, down 0.5% from $1,681.9 per tonne in the week prior. Rusal expects global aluminium demand to increase 1.3% in 2020 According to Rusal's estimates, global aluminium demand in 2019 rose by 0.1% to 65.3 million tonnes, with ex-China demand dropping by 2.6% to 28.5 million tonnes and Chinese demand increasing by 2.4% to 36.8 million tonnes. The company believes the global economy was on a recovery trajectory, evidenced by the increase in global manufacturing PMIs, which rose from...

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