The September 2019 Global Primary Aluminum Production numbers have remained unchanged from August 2019. With Q3 results being released from all countries except Asia (estimates), primary aluminum production were unchanged at 5,163, 000mt for the month.
With news of the global aluminum production moving within a narrow range since August, the Davis Index US Midwest Premium for p1020A and 6063 Billet remained the same at $0.055/lbs. and $0.085/lbs., respectively.
- Market participants remain bearish as weak demand in many US manufacturing sectors struggle to find the solid ground they prefer.
- Slow automotive sales, down 1.6pc from the same period last year, have impacted the aluminum market more than in past years as manufacturers’ designs have incorporated more of the metal into the car to meet increasingly stringent environmental requirements.
- With uncertainty about the trade war and talk of impeachment, it may be longer than most would like before any positive sentiments emerge in the market.