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

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December 2019 | Aluminium Weekly Market Tracker


LME aluminium price rose 1.1% last week: Market Summary and Analysis


China's official PMI for November, which was released on Saturday November 30, beat estimates at 50.2 against the expected 49.5 and edged back into expansionary territory.

LME aluminium price rose 1.1% last week The weekly average LME aluminium cash price was $1,764.9 per tonne last week, up 1.1% from the previous week's $1,745.9 per tonne average. Data from the United States released on Wednesday November 27 was better than expected - the preliminary read for third-quarter gross domestic product growth exceeded analysts’ forecasts, rising to 2.1% from 1.9%. China official PMI beat estimates for November China's official PMI for November, which was released on Saturday November 30, beat estimates at 50.2 against the expected 49.5 and edged back into expansionary territory. New export order numbers have moved to a seven-month high at 48.8 while non-manufacturing numbers jumped to 54.5, beating the market expectation of 53.1 as well as the prior month's 52.8. These economic numbers are encouraging signs that China's domestic economy is reacting positively to the added stimulus and the trickle-down effect should reduce the...

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