Modern Slavery Act Transparency Statement, By Demand for automotive vehicles, which are increasingly aluminum intensive, power transmission investment, housing development and electrical appliances create aluminum demand. While tariffs have a direct impact upon regional pricing, especially in North America, they could also have indirect consequences for aluminum prices generally. Production of primary aluminium stood at 4.109 million tonnes in the first nine months of this year. Industrial activity is expected to have shrunk for the sixth month in October, a Reuters poll showed, suggesting hardly any relief from slowing global demand and the trade war. Aluminium demand, however, drives alumina and bauxite growth – medium to long term demand … Erik Norland. The demand shock to companies dependent on aluminum cans is hard to overstate, according to Molson Coors. Bauxite Supply and Demand Fundamentals The aluminium industry is no longer as integrated as it used to be – pricing power is shifting upstream to alumina and bauxite producers. Understand how the bond market moved back to its normal trading range, despite historic levels of volatility. SMM data showed that stocks across eight consumption areas in China, including SHFE warrants, decreased to 859,000 tonnes as of October 28. ET Aluminum isn’t an exception. In the first half of 2015, global aluminium demand rose by 6.3% to 28.6 million tonnes as a result of stronger demand in North America and the EU. © 2020 CME Group Inc. All rights reserved. At the same time, there are no reliable and accurate statistics on how much new scrap goes back into the production process over closed-loop schemes, or how much old scrap has replaced orders of primary aluminium. The Chinese economy, the world’s second largest after the United States, is already beginning to slow under the burden of high debt levels and collapsing emerging market currencies (Figure 4). It appears that the U.S. tariff will reduce the quantity of aluminum used in the United States, resulting in a small but measurable supply glut in Europe and Asia. Casting Alloy Aluminum Wheel Market Value Share, Supply Demand, share and Value Chain 2020-2027 December 10, 2020 sagar The global Casting Alloy Aluminum Wheel market is anticipated to rise at a considerable rate during the forecast period, between 2020 to 2027. Understand how CME Group can help you navigate new initial margin regulatory and reporting requirements. Further information on each exchange's rules and product listings can be found by clicking on the links to CME, CBOT, NYMEX and COMEX. Get quick access to tools and premium content, or customize a portfolio and set alerts to follow the market. Per Paul Adkins, managing director of AZ China, the Xinfa and Hongqiao incidents took about 1,300 tonnes a day from the market. The aluminium market is oversupplied despite many people forecasting a deficit, consultancy Harbor Aluminum’s managing director Jorge Vazquez told delegates at the LME Week seminar. China will import alloyed aluminium ingots (produced from secondary aluminium) from Europe and elsewhere instead of scrap and may increase exports of semi-finished aluminium products, at higher value and prices than alloyed ingots, while reducing the same (conversion) business in Europe and elsewhere. Aluminum prices in the U.S. are on the rise and could lead to reduced consumption and a glut in Europe and Asia. Adkins also said this had been partly offset by the restart of China Zhongwang Holdings’ smelter in the north eastern province of Liaoning and a capacity addition by Xinfa in Guangxi in China’s south. Australian mineral exploration firm Lindian Resources Limited obtained the Guinean government’s sign-off to take title to 61 percent of the... Bosnian aluminium smelter Aluminij d.d. The latest report added by DecisionDatabases on Aluminum Gratings Market covered many aspects of the current and future scenarios and a brief analysis of pre and post COVID-19 analysis. Create a CMEGroup.com Account: More features, more insights. World demand for aluminum (primary and secondary/recycled) is projected to expand 5.8 percent per year through 2017 to 82.5 million metric tons. So far, the U.S. has imposed only a 10% tariff on $34 billion of Chinese goods, too small to make much of a difference. Norsk Hydro predicts demand outside China will fall by 1-2%, meaning that global demand is likely to fall by 0.5%. The Li Keqiang index correlates aluminum prices at between 0.5 and 0.6 up to five quarters in advance (Figure 3). The latest move brings the billet premium to an all-time low. The cookie settings on this website are set to "allow cookies" to give you the best browsing experience possible. Like copper, iron ore and other industrial metals, aluminum prices closely track Chinese economic growth. Press Release Europe Aluminum Market Demand and Supply, Production Analysis and Opportunity Assessment 2020 to 2025 Published: July 26, 2020 at 9:00 a.m. In the July poll, analysts had expected a deficit of 88,000 tonnes next year. World primary aluminium production fell in September to 5.163 million tonnes, down 2.6% year-on-year and 3.12% on the month, according to the latest data from the International Aluminium Institute (IAI). According to Fastmarkets, the aluminium 6063 extrusion billet premium, delivered Midwest US, fell to 7-9 cents per lb ($ 154.3/t – $198.4/t), down by half a cent from the previously assessed range of 7.5-9.5 cents per lb on October 11. Access real-time data, charts, analytics and news from anywhere at anytime. The reason for this is a well – or otherwise – oversupplied market, slowing global growth and exhaustion from the prolonged US-China trade negotiations. Learn why traders use futures, how to trade futures and what steps you should take to get started. Total exports of unwrought aluminum, including primary metal, alloy and semis, were 5.8 million tonnes last year, up 21 percent on 2017. Aluminium prices will see only modest growth in 2020 as the market moves into surplus, hit by a combination of a slowing demand growth and continued gains in supply. As such, when it comes to aluminum, we would be inclined to pay more attention to the Li Keqiang measure of growth than to official Chinese GDP. In the Middle East, primary aluminium production increased by 4.35% year-on-yea… For instance, reports on mining operations 4 in India have indicated that despite relevant businesses being deemed “essential” (and thus allowed to remain open during lockdowns), activity is slowing down significantly. 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