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

Change font size:   

March 2019 | 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:

China's aluminium exports down 37.9% m-o-m and 7.8% y-o-y in February
After registering a record high in January, China's aluminium exports witnessed a correction in February, down 37.9% m-o-m and 7.8% from the same time period last year to 343,000 tonnes. We believe there are several reasons behind this development. Firstly, Chinese Lunar New Year fell in February this year, leading exporters to front-load the material before the week-long holiday started. Secondly, the uncertainty around the US-China trade talk continues to weigh on Chinese exporters' confidence, who remained cautious when signing orders. Thirdly, the off-shore RMB has been appreciating which has squeezed producers' margins. Other more minor factor at play could have been the three day closures at aluminium billet and rod plants Henan Jiaozuo due to environmental concerns.

China will cut VAT rate by 3 percentage points...

During the annual National...


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.


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.


Already subscribed?