The global aluminum trade is undergoing shifts, and it is still not clear what the long-term direction of the industry will be.
. The report consolidates our 12-month view and provides buying organizations with a complete understanding of the fundamental and technical factors driving prices. The report also includes a detailed forecast to use when sourcing metals for 2023. This includes expected average prices, support and resistance levels, and specific buying strategies.While the West continues to shun Russian aluminum, China remains an eager buyer.
Meanwhile, a rise in the quarterly Main Japanese Port premium suggests a recovery of eastern demand. Though the MJP slumped to $85/ton in Q1, The mixed direction among premiums suggests that aluminum demand remains globally uneven. That disparity has likely helped prevent the establishment of a strong breakout for aluminum prices to the upside or down, supporting the ongoing sideways trend.
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