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 P1020 premium climbs, but aluminium market wary
The US Midwest aluminium premium has clawed its way back to higher ground, although market participants are concerned that another US government move on trade tariffs could potentially derail the correction. The latest assessment of the spot US P1020 MW premium was at 20.25-20.75 cents per lb on Friday July 27, up from 20-20.5 cents per lb earlier in the week. This is the third assessment in a row that the premium has risen, indicating a correction from heavy discounting accompanying a backwardation in London Metal Exchange futures prices earlier this summer. The correction in the premium brings it a step closer to the more than three-year high of 22-23 cents per lb reached in early April following the implementation of sanctions on aluminium sourced from Russian producer UC Rusal Plc.

Even with the backwardation alleviated...


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