Research

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

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April 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:

Wide LME contangos buoy Rotterdam, US Midwest premiums

Strong LME spreads bolstered aluminium premiums in both the US Midwest and Europe in the week ended April 12, while increased metal availability in Trieste helped increase market liquidity in Italy, and main Japanese port (MJP) premiums held firm amid active trading despite short supply. The benchmark premium for duty-unpaid P1020 aluminium in-warehouse in Rotterdam increased to $90-100 per tonne on April 12 from $87-97 per tonne the week before, as the consistently wide contango on the LME is supporting the premium. The Rotterdam duty-paid premium however, remained stagnant at $140-150 per tonne with little business activity in the past two weeks - a lack of demand from end-consumers such as the automotive sector is suppressing market liquidity. The spot MJP aluminium premium was assessed at $105-115 per tonne on April 12, unchanged week on week, although it remains...

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