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:US end users are paying more than they should have for their raw material In last week's report, we discussed our view that the “normalisation” of the US Midwest premium may be further ahead than we had previously anticipated, following the removal of Section 232 tariffs on Canada and Mexico. In fact, due to the impact that these ongoing elevated premiums are having on supply chain costs, a number of US aluminium consumers are lobbying for the introduction of the Aluminum Pricing Examination (APEX) Act, designed to enhance regulatory oversight over benchmarking entities for the Midwest premium. According to one of these consumers, the Beer Institute, the Section 232 tariffs on aluminium cost the US beverage industry $250 million in 2018. The group argues that only $49.1 million should have been paid because 70% of US aluminium can sheet is made from domestic scrap. The difference, of over $200 million,...


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