Research

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

Change font size:   

February 2019 | Aluminium Weekly Market Tracker


Aluminium’s monthly price gain was well below the base metal complex average: Market Summary and Analysis


Alumina prices have been under pressure in recent weeks as market participants expect the ramp up of output at Alunorte to lead to a more balanced or even oversupplied market.

Aluminium’s monthly price gain was well below the base metal complex average The base metals complex has benefited from a positive start in January 2019, edging away from the lows recorded at the start of the trading year. That said, not all metals have enjoyed a strong rebound, with some showing limited gains when compared with its peers. For example, LME aluminium's monthly price gain of 2.9% was well below the complex average gain of 7.9%. Alumina market to swing to surplus in 2019 Alumina prices have been under pressure in recent weeks as market participants expect the ramp up of output at Alunorte to lead to a more balanced or even oversupplied market. Alcoa, for example, estimated there was a 600,000-tonne deficit of alumina at the end of 2018, and it is forecasting that the market will swing to a 0.2 to 1 million tonne surplus this year. Alcoa...

ACCESS RESTRICTED

You must be a paid subscriber to view the full content.
Content over 60 days old can only be accessed by subscribers.
Call +44(0)20 7779 8000 with your credit card details or subscribe online.


SUBSCRIBE


Receive unlimited access to all current and archive content going back to 2008 including downloadable pricing data and forecasts. Plus download the latest issue as soon as it’s published.

Subscribe


Already subscribed?