World demand to rise 5.8% annually through 2017. Nickel jumped 1.9%, tin rose 0.6% and copper gained 0.4%, while aluminim dipped 0.1%, zinc fell 0.8% and lead dropped 1.2%. While tariffs have a direct impact upon regional pricing, especially in North America, they could also have indirect consequences for aluminum prices generally. Many smelters in China connect directly to the electrical grid and provide a baseline power demand for … Despite many contradictory estimates and forecasts, the consensus among all major producers is that global aluminium demand growth will be flat (around zero) this year. Evaluate your cleared margin requirements using our interactive margin calculator. China’s estimated primary aluminium production stood at 2.878 million tonnes in September, a decline of 3.2% y/y, IAI data further showed. Every year aluminium production grows in the world as a result of the ever-increasing demand for this metal. On average, world aluminium demand grows 5-7% annually. “The story for 2020 is likely to be about the pace at which smelter cuts emerge to balance demand trends.”. This report and the information herein should not be considered investment advice or the results of actual market experience. Social inventories of primary aluminium in China continued to fall, as consumption remained robust. According to Fastmarkets, the aluminium 6063 extrusion billet premium, delivered Midwest US, fell to 7-9 cents per lb ($ 154.3/t – $198.4/t), down by half a cent from the previously assessed range of 7.5-9.5 cents per lb on October 11. The aluminium market is oversupplied despite many people forecasting a deficit, consultancy Harbor Aluminum’s managing director Jorge Vazquez told delegates at the LME Week seminar. Demand for copper has surged significantly in the past 20 years and is expected to rise further due to the surge in demand for electric vehicles, while global copper supply is likely to continue to shrink in the future, according to Paul Ward at Anglo American. Production amounted to 47.549 million tonnes in the first nine months of 2019, dropping 0.99% from 48.023 million tonnes in the first nine months of 2018. Despite some encouraging signs, aluminium price has extended its weakness in October (4th quarter), trading in the range US$ 1696-1738/tonne. Hear from active traders about their experience adding CME Group futures and options on futures to their portfolio. The current aluminium price “is just high enough above cost of production” to allow smelters to launch or resume operations after shutdowns, AZ China’s Adkins said. Production of primary aluminium stood at 4.109 million tonnes in the first nine months of this year. Press Release Metal Straws Market Report 2021 by Supply, Demand, Consumption, Sale, Price, Share, Revenue and Top Manufacturers Published: Jan. 4, 2021 at 7:48 a.m. In the Middle East, primary aluminium production increased by 4.35% year-on-yea… Primary production decreased 2.2 percent from 2014 to 9.8 billion pounds. Primary aluminium supply and demand are both declining across the Chinese market. Erik Norland. 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. Compared to earlier polls, analysts significantly lowered their forecasts for the average aluminium price next year. It also will enable Alcoa to produce parts nearly 60 percent larger than components it makes today, expanding its market reach to wide-body airplanes. Manage the risk associated with renewable energies, environmental change and sustainable investments. 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