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

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May 2019 | Aluminium Weekly Market Tracker

Primary and Secondary Fundamental Analysis

Analysis of consumption and production of primary aluminium, and an analysis of the market drivers of secondary aluminium and aluminium.

Demand Analysis:

European premiums supported by LME contango
Aluminium premiums in Rotterdam rose over the past week with nearby LME spreads in contango remaining supportive. The duty-unpaid premium for P1020 in-warehouse Rotterdam narrowed upward by $5 per tonne to $85-90 per tonne last week from $80-90 a week ago. The Rotterdam duty-paid in-warehouse P1020 premium also moved up over the past week to $140-150 per tonne, up by $5 per tonne on the high end from $140-145 per tonne in the week before.

The United States has removed Section 232 tariffs 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, and the deal is expected to pave the way for the passage of the United States-Mexico-Canada agreement, the successor for the North American Free Trade Agreement. The 25% tariff on steel imports and 10%...


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