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 Fundamental Analysis

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

Demand AnalysisEuropean foundry premiums tumble; demand weakens Aluminium foundry premiums in Europe and the United States have been under pressure in the past month due to weak demand in the automotive industry and aggressively low offers in the market. Fastmarkets assessed the Eastern European premium at $390-440/tonne on Friday November 9 down from $430-480/tonne. The decline was linked to poor demand in the automotive sector, with foundry material being used in the production of alloy wheels. Bottlenecks from the worldwide harmonized light vehicles test procedure, an emissions test introduced in the European Union in September, has resulted in a drop in car sales in the EU region. US premiums are also falling, with Fastmarkets’ assessment on the 356.2 aluminium foundry alloy premium at 12-15 cents per lb, down from 14-15 cents per lb a month ago. Spot activity for foundry metal has diminished, in part due to attention being shifted...


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