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

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September 2018 | Aluminium Weekly Market Tracker

Primary and Secondary

Analysis of consumption and production of primary aluminium, and an analysis of the market drivers of secondary aluminium and aluminium.

Demand Analysis

Aluminium billet premiums in Europe and the United States were largely steady last week, but we expect that continued uncertainty about the US government’s sanctions against Rusal could still cause premiums to soar in the weeks ahead.

European billet premiums stayed unchanged
The premium in Germany for prime-quality billet delivered duty-paid on a spot basis into the Ruhr region with 30-day payment stayed at $520-560 per tonne on Friday, August 31. With 2019 contracts up for negotiation soon, we believe if the Rusal situation is not resolved by late September, then the billet market could jump. Traders are paying a high premium to secure metal for the next quarter, with no indication of whether the sanctions against Rusal will be lifted or relaxed further.

The premium for P1020 ingot in Rotterdam on an in-warehouse basis was unchanged week on week Friday at $155-165 per tonne. The...


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