Research

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

Change font size:   

January 2018 | Aluminium Weekly Market Tracker


Significant increases for LME & SHFE in 2017: Market Summary and Analysis


Looking back at 2017, the most important factors driving the aluminium market were the Chinese central government’s policies.

On the back of the Chinese government’s clean-up of illegal capacity and winter heating season production cuts in order to protect air quality, both LME and SHFE aluminium prices had significant increases in 2017. The LME aluminium price finished the year with a remarkable 30.8% increase while the SHFE aluminium price rose 18.5%, a less-strong but still decent increase. 2017 was a policy-driven year Looking back at 2017, the most important factors driving the aluminium market were the Chinese central government’s policies. First, the Chinese government published the statement that the country’s illegal capacities, whether operating or under construction, need to be cleaned up and rectified. In addition, Beijing also announced plans to cut aluminium production during the winter heating season in order to control air quality. Chinese usage of aluminium in GDP Our base case outlook for aluminium usage in China assumes a high level of 2.8 tonnes per...

ACCESS RESTRICTED

You must be a paid subscriber to view the full content.
Content over 60 days old can only be accessed by subscribers.
Call +44(0)20 7779 8000 with your credit card details or subscribe online.


SUBSCRIBE


Receive unlimited access to all current and archive content going back to 2008 including downloadable pricing data and forecasts. Plus download the latest issue as soon as it’s published.

Subscribe


Already subscribed?