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

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December 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:

A sustained backwardation in the London Metal Exchange’s December/January spread pushed premiums in Europe and Japan down in the week ended Friday December 14. Elsewhere, premiums in the United States and Brazil were unchanged amid quiet trading conditions.

MJP premium fell while MJP stocks down for third consecutive month

The spot main Japanese ports (MJP) premium fell to $60-75 per tonne on Friday December 14, down from $70-80 per tonne a week ago. The December/January backwardation on the LME remained wide last week at around $15 per tonne, slightly lower than the $17.50-per-tonne backwardation seen in the week before. On the other hand, according to Marubeni data, total MJP aluminium stocks stood at 295,400 tonnes at the end of November, compared with 317,300 tonnes at the end of October, the third consecutive drop since September. The total stock level, however, remains 22% higher than a...

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