Research

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

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November 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:

The easing backwardation in forward London Metal Exchange price spreads gave support to aluminium premiums across the globe last week, with the December-January spread narrowing from a $15/tonne backwardation to $7.50/tonne.

Rotterdam premiums gain support from easing backwardation

The benchmark duty-unpaid Rotterdam premium held firm at $70-75/tonne as of last Friday, unchanged from week ago levels. But the premium did start the week on a softer note, as the continued pressure from the backwardation in December-January spreads had pushed premiums down to $65-75/tonne. But as the backwardation has since eased, the premium also recovered, although only from the lower end of the range, as demand is still poor and there has been not much business concluded. Fastmarkets MB research believes the spreads may ease even further in the coming days, with traders still needing to conclude deals for the first quarter of 2019. On...

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