May 2019 | Aluminium Weekly Market Tracker
Midwest premium to retreat after Section 232 tariffs removed from Canada and Mexico: Market Summary and Analysis
According to the latest data from the National Bureau of Statistics of China, the country’s produced 2.916 million tonnes of aluminium in April 2019, an increase of 5.2% from the same time period last year.
Midwest premium to retreat after Section 232 tariffs removed from Canada and Mexico President Trump announced last week the United States has reached an agreement to remove Section 232 tariffs from Canada and Mexico. Following the removal, we believe the US Midwest premium should drop from the current elevated levels. Chinas aluminium production up 5.2% y-o-y in April According to the latest data from the National Bureau of Statistics of China, the countrys produced 2.916 million tonnes of aluminium in April 2019, an increase of 5.2% from the same time period last year. On a daily basis, Aprils production was 97,200 tonnes per day, up 4.6% from Marchs 92,903 tonnes. Total output for the first fourth months came in at 11.48 million tonnes, up 5.6% from the same time period in 2018. Xinfas alumina refinery ordered to shut down due to environmental contamination Chinas state-run media CCTV reported last week...
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