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

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September 2018 | Aluminium Weekly Market Tracker


LME al price down 1.8% on lingering trade jitters: Market Summary and Analysis


Last week, we attended Metal Bulletin’s 33rd International Aluminium conference in Berlin. From the panel discussions and side-line talks, aluminium prices are perceived to have a bullish base to climb steadily higher throughout 2019, no matter what happens with the US sanctions on Rusal.

LME al price down 1.8% on lingering trade jitters The weekly average LME aluminium cash price was down 1.8% last week to $2,009 per tonne on the back of lingering trade jitters that continue to dominate sentiment across the base metals complex. While uncertainty reigns, market participants do not have enough confidence to take on a more aggressive stance in either direction. Aluminium prices seem to have a bullish base Last week, we attended Metal Bulletin’s 33rd International Aluminium conference in Berlin. From the panel discussions and side-line talks, aluminium prices are perceived to have a bullish base to climb steadily higher throughout 2019, no matter what happens with the US sanctions on Rusal. This is also in line with MBR’s expectation of next year’s aluminium price trend. Spreads in 2019 On the other hand, panellists believe volatile spreads will continue to be a major talking point for aluminium prices...

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