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

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July 2018 | Aluminium Weekly Market Tracker


Global market sentiment remains flustered: Market Summary and Analysis


Aluminium stocks in SHFE-approved warehouses continue to fall and net holdings now stand at 917,655 tonnes after 15,160 tonnes was removed over the reporting week of July 6-13.

Global market sentiment remains flustered Judging by recent price moves in the base metals complex, global market sentiment remains flustered by president Trump’s protectionist rhetoric. Following from the $34 billion worth of tariffs imposed on China, the United States says another $200 billion is under consideration. China has yet to retaliate to the new set of tariffs, leaving investors with fear and uncertainty. Such a scenario does little to boost global trade or confidence, thus leaving the demand outlook on industrial metals pretty much in doldrum. SHFE aluminium inventories continue to fall Aluminium stocks in SHFE-approved warehouses continue to fall and net holdings now stand at 917,655 tonnes after 15,160 tonnes was removed over the reporting week of July 6-13. This fits with the profile that the domestic market has a surplus and metals are being exported to satisfy demand outside China to consumers looking to diversify away from Rusal...

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