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

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August 2018 | Aluminium Weekly Market Tracker


Aluminium prices declined last week: Market Summary and Analysis


More than 200,000 tonnes of LME aluminium warrants were freshly cancelled during July across Europe and Asia at a time when a significant backwardation took hold of the spreads.

Aluminium prices declined last week Aluminium prices were on a general downtrend last week, overshadowed by the combination of dollar strength and rising trade tensions. Chinese officials have vowed to retaliate to US plans to increase planned tariffs to 25% from 10% on $200 billion worth of Chinese goods and in fact, it announced last Friday that it will apply import tariffs of 25% on a series of US metal products including copper concentrates and copper cathode. The weekly average LME aluminium price last week was $2,038 per tonne last week, down 1.8% from previous week’s $2,075. LME al spreads becoming increasingly volatile More than 200,000 tonnes of LME aluminium warrants were freshly cancelled during July across Europe and Asia at a time when a significant backwardation took hold of the spreads. The available aluminium stocks on the LME were just 850,500 tonnes late last week and the multiple cancelations...

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