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

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June 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

Rotterdam premiums move higher
Aluminium premiums in the Dutch port of Rotterdam edged higher last week, with sustained wide contangos on the LME continuing to be the main driver. The benchmark Rotterdam P1020 duty-unpaid premium was at $90-100 per tonne on Friday, up from $85-95 per tonne a week ago. The ongoing contango in nearby spreads on the LME continued to stoke bullish sentiment. The benchmark cash to three-month spread was at $27.5 per tonne contango last Friday, while the nearby cash/June spread was in $8 per tonne contango. The Rotterdam duty-paid premium was also up over the previous week, assessed at $145-150 per tonne, compared with $140-150 per tonne on May 21, on the back of higher liquidity.

US Midwest premium stalls amid low activity levels

In the United States, the Midwest P1020 aluminium premium was flat over the past week despite the continued threat...


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