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Asian aluminum markets continue to see lackluster demand and ample stocks pressuring premiums, though the sporadic reopening of the Chinese import arbitrage window is providing support across the region.
Further upstream in the alumina markets, flat demand remains a drag on prices globally, but cost pressures and output curtailments are keeping significant declines at bay.
As the market looks at what’s ahead for 2024, YuenCheng Mok, Senior Managing Editor of Asia nonferrous metals at S&P Global Commodity Insights discusses the key developments in the Asian alumina and aluminum markets with Jenson Ong and Germaine Lee from the Asia nonferrous metals team, and Lucy Tang, market specialist for Metals.
In this podcast, find out what’s in-store in the near term for these markets.
Related prices:
Alumina FOB Brazil differential
Aluminum CIF Main Japanese Ports (MJP) premium
Aluminum CIF Main Asian Ports (MAP) premium
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Read More: Asian aluminum, alumina markets mixed on demand expectations, cost pressures