Alcoa says China's aluminum demand is slowing
Alcoa lowered its expectations for global aluminum market demand based on Chinese demand. It is expected that aluminum and alumina will be in short supply for the whole year and bauxite will be oversupply.
Global aluminum demand is expected to increase by 3.75%-4.75% for the full year, after forecasting an increase of 4.25%-5.25%.
It is estimated that the global aluminum supply gap for the whole year will be 1 million to 1.4 million tons, which was previously predicted to be 1.1 million to 1.5 million tons.
It is estimated that the global alumina supply gap for the whole year will be 400,000 tons to 1.2 million tons, which was previously forecast to be 200,000 tons to 1 million tons.
News date : Oct 18th, 2018 Reported by Maggie