Research

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

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July 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:

US Midwest aluminium premium up; summer weighs on demand
The US Midwest aluminium premium has inched up the past week, as sellers see less reason to offer discounts to published premiums as the backwardation in LME prices in nearby dates is expected to ease in the coming weeks.

Spot P1020 Midwest premiums rose to 19.75-20.25 cents per lb on Friday July 20, up very slightly from 19.5-20.25 cents per lb the previous week, marking the first increase in the premium since mid-June. Although the physical market remained quiet and interest in spot material is minimal, there are certain factors propping up the premium.

Firstly, current rates for vans, reefer and flatbed trucks have slipped from record highs, according to spot trucking freight rate data from DAT Solutions. Additionally, the expectation of an easing in the LME backwardation is also helping premiums to edge higher....

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