Research

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

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August 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

China's aluminium foil exports down 7.3% m-o-m in June
According to the latest data from the China Customs, the country's exports of aluminium foil were 115,900 tonnes in June, down 7.3% from May, as a result of the higher SHFE/LME aluminium price ratios. On a y-o-y basis, June exports were 2.1% higher, down from the 11.75% y-o-y growth witnessed in May.

We believe the main reason behind the m-o-m decrease of Chinese foil exports was the slow summer season which affected aluminium foil orders. We understand that domestic orders for aluminium foil used in the home appliance and construction sectors have both weakened and production and sale of aluminium foil for air-conditioner use, household use and food packaging all declined from May, and export orders have been also shrinking.

We expect the country's foil exports to continue weakening in July as we...

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