Research

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

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September 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 exports of extrusion, bars and rods up 2.8% m-o-m in July...
According to the latest trade data from China Customs, the country’s exports of aluminium extrusion, bars and rods reached 90,530 tonnes in July 2019, up 2.8% from June and 3.1% on a y-o-y basis. We believe the reason behind the increase was the depreciation in Chinese RMB and solid overseas demand.

While both m-o-m and y-o-y growth rate was not significant, a detailed look into the breakdown of total exports under different HS codes revealed a different picture. Three categories showed significant increases in exports compared with the same time last year, but exports of non-alloyed aluminium bar and rod fell as much as 86.9% from July 2018's level and also down 13.2% from June. We believe this was the result of Vietnam's anti-dumping duties on exports of aluminium extruded...

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