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  • Commodity - 1-11-2018

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    Akshay Patel
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    The Icra report says that the global aluminum market has remained in a deficit for the last six quarters due to capacity cuts in China, and the market was still in deficit in Q3 2018 despite higher production. The report also notes that provincial governments in China now have decentralized control over production cuts under new pollution standards, so the impact on global supply is uncertain. The excess supply situation for aluminum and zinc in the domestic Indian market is expected to persist as local capacities exceed demand.

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    Commodity – 1-11-2018

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    The Icra report says that the global aluminum market has remained in a deficit for the last six quarters due to capacity cuts in China, and the market was still in deficit in Q3 2018 despite higher production. The report also notes that provincial governments in China now have decentralized control over production cuts under new pollution standards, so the impact on global supply is uncertain. The excess supply situation for aluminum and zinc in the domestic Indian market is expected to persist as local capacities exceed demand.

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    14 views5 pages

    Commodity - 1-11-2018

    Uploaded by

    Akshay Patel
    The Icra report says that the global aluminum market has remained in a deficit for the last six quarters due to capacity cuts in China, and the market was still in deficit in Q3 2018 despite higher production. The report also notes that provincial governments in China now have decentralized control over production cuts under new pollution standards, so the impact on global supply is uncertain. The excess supply situation for aluminum and zinc in the domestic Indian market is expected to persist as local capacities exceed demand.

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    © All Rights Reserved
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    of 5

    Commodity – News

    Prepared by : Akshay Patel


    The Icra report said that the demand supply fundamentals would
    not justify any further major correction, as the global market of
    these metals are currently in deficits.

    Icra sees The global aluminium market has remained in deficit for the last six
    quarters, because of capacity cut backs in China.
    limited
    downside for Notwithstanding higher production, global aluminium market was
    in deficit in Q3 CY2018. Moreover, for the current winter months,
    the decision on the extent of production cuts under the revised
    base metals pollution control norms in China has been decentralised to the
    provincial Governments.

    excess supply situation in domestic aluminium and zinc sectors is


    likely to persist as domestic capacities are higher than demand and
    manufacturers are expected to operate the plants at high asset
    utilisation levels.
    Production By Region

    Happening in Indian Market


    • Indian Economy Expected To Grow At 7.3% In
    2018-19: World Bank

    • Sterlite allowed to reopen Thoothukudi plant Consumption by Region

    • Tata Steel production marginally up in FY19


    to 3.3 million tonne
    Aluminum

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