Research

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

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August 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

Attention is turning towards contracts as mating season approaches
The US Midwest aluminium premium has been holding steady over the past week as many buyers of both prime and scrap sit out of the market, and are waiting for contract negotiations to begin in earnest in the next month or so. The latest assessment of the P1020 spot premium was 20.75-21.25 cents per lb, where it has held since August 10. We believe this is mainly due to major buyers sitting out of the spot market, with some actually reducing their inventories ahead of contract season.

Now as we enter the mating season, attention is quickly turning towards contracts. While it is still too early to determine what consumers are hoping to accomplish this year, one trend does appear to be that consumers want to lock in more favourable deals. Given the issues which triggered the...

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