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

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March 2020 | Aluminium Weekly Market Tracker

Primary and Secondary

Analysis of consumption and production of primary aluminium, and an analysis of the market drivers of secondary aluminium and aluminium.

Demand Analysis:

Coronavirus weighing on China's building and construction sector
While the coronavirus outbreak in China is now largely under control, its impact on country’s economy should not be underestimated. According to the latest data from National Bureau of Statistics of China, the country's new housing starts plunged by 45% y-o-y in January-February due to construction workers being quarantined. At the same time, house sales fell by almost 40% while residential housing prices recorded their weakest growth in February since July 2018.

Floor space under construction during the first two months of 2020 remained in positive growth territory as it rose by 2.9% over the same time period last year s but this was less than half the growth of 6.8% seen in January-February 2019. Weak construction data comes as no surprise considering China has virtually been in lockdown since the end of January. The building and construction...


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