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

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April 2019 | Aluminium Weekly Market Tracker


LME aluminium price was marginally higher last week: Market Summary and Analysis


While the LME aluminium price has been hovering below the $1,900 per tonne mark, SHFE aluminium has hit a near 6-month high, on the back of a drop in inventories and an expected recovery in demand.

LME aluminium price was marginally higher last week The weekly average LME aluminium price was marginally stronger last week, on the back of the positive sentiment following the fresh lifetime high in the S&P 500 Index but capped by continued strength in the US dollar index, which reached its highest level since 2017 last Thursday. The weekly average LME cash price was $1,848.25 per tonne last week, up 0.4% from previous week's $1,840.5 per tonne. However, it has slipped to $1,816 per tonne by the official session on Monday this week. SHFE prices at a 6-month high as stocks fall... While the LME aluminium price has been hovering below the $1,900 per tonne mark, SHFE aluminium has hit a near 6-month high, on the back of a drop in inventories and an expected recovery in demand. SHFE data shows aluminium inventories in its warehouse system fell to a nadir of...

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