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

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May 2018 | Aluminium Weekly Market Tracker


Risk sentiment remains subdued: Market Summary and Analysis


In the physical market, premiums in Asia and Europe fell again last week owing to improved availability of pre-US sanction Russian metal.

Risk sentiment in global financial markets generally remains subdued following US President Trump’s decision to withdraw from the highly anticipated summit with North Korean leader Kim Jong-un, and the threat of using renewed military and economic pressure. The dollar remains firm for the moment, but has clearly lost bullish momentum following the dovish Federal Open Market Committee (FOMC) minutes, but also after the Institute of International Finance warned of spreading contagion among emerging market economies. Asian and European premiums down again In the physical market, premiums in Asia and Europe fell again last week owing to improved availability of pre-US sanction Russian metal. Rates in the US remain flat for the moment while markets wait to see whether negotiations with Canada, Mexico and the European Union will lead to a breakthrough or if imports from these countries will face a 10% import tax when temporary exemptions expire on June 1....

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