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:Stronger-than-expected housing data could indicate better demand for aluminium According to the latest data from the National Bureau of Statistics of China, floor space starts in October increased 23% y-o-y to 199.28 million square meters and took the year-to-date total to 1.86 billion square meters, up 10.0% from the same time period of 2018. The stronger than expected floor space starts indicate demand for aluminium from the construction sector could be better than originally expected in early 2020, as the sector accounts for around 33% of total China's aluminium consumption. We believe demand for aluminium from the construction sector could prove to be relatively strong in November and December, as construction activities have speeded up in the past month or so. This is due to the fact that China's Lunar New Year will start early next year on January 24, and this is the time when migrant workers will...


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