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

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June 2018 | 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

Aluminium premium futures see uptick in volumes on CME
Volumes traded on the CME’s European aluminium premiums futures contract recorded positive figures for May, attributed to participants looking to position following the US sanctions on Rusal.

The futures contracts are reflecting where market participants think the market is headed with a focus on how the US sanctions on Rusal develops. After the United States’ Treasury placed sanctions on Rusal in early April, Metal Bulletin’s benchmark P1020 Rotterdam duty-unpaid spot market premium shot up to $150-165 per tonne, its highest in three years. The physical spot market in Europe has begun to settle back to pre-sanction levels in recent weeks, with the sanction situation easing and the massive backwardation on the London Metal Exchange after July stifling demand.

On the CME, duty-unpaid premium futures are trading close to flat on the spot market, at...


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