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

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January 2020 | Base Metals


Aluminium: Demand outlook revised lower


Now that the directional bias for aluminium prices is to the downside, the continuation of the uptrend since October’s low is in jeopardy. Beyond the short term volatility, a fundamentally balanced market this year still supports a sideways price trend around the $1,800 per tonne level. The revisions we have made to our demand outlook this week do not change this view.

Growing fear amid the coronavirus outbreak in China
Major Asian equity indices were under strong selling pressure on Monday January 27 as global investors seek safety in haven assets and reduced their exposure in risk assets amid growing fear and uncertainty on the economic impact of the coronavirus outbreak in China, with the latest reports indicating that the virus is infectious even before symptoms shows. At least 13 cities in China are believed to be on lockdown in bid to contain the virus and the death toll has passed 80.

Meanwhile, new evidence has come to light in the impeachment trial of United Stated president Donald Trump and market attention will turn...

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