Research

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

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November 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

Asian aluminium market to see falling spot premiums and slow demand in 2020
Falling spot premiums, slow demand and ample supply have cast a bearish pall over the Asian aluminium market this year and we expect this will be the case for 2020 too.

The primary consumers of aluminium in Asia are Japan and Korea, with the former having annual demand of up to 2.0 million tonnes, and Korea up to 1.4 million tonnes for 2019. But aluminium demand growth in Japan has been slowing during the past several years, with growth rate being 0.9% in 2019, compared with 1.5% in 2018 and 6.2% in 2017. Meanwhile, Japan's imports of primary aluminium declined by 14% y-o-y to around 931,000 tonnes during January-August this year, according to data from the Japanese Aluminium Association (JAA). The main reason behind the country's sluggish demand growth was the falling orders from the...

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