Global Aluminum Inventory Stands at Just 9 Days
Wallstreetcn·- The global aluminum supply chain faces a severe crisis due to Middle Eastern conflicts, with stocks now only sufficient for nine days of demand. - Morgan Stanley reports losses of approximately 2.4 million tons in aluminum production for 2026, primarily from the shut down of key smelters, indicating that supply reductions will exceed 2 million tons. - Prices are expected to rise asymmetrically, with aluminum projections reaching $4,000 per ton amidst escalating geopolitical tensions and contracting supply.Strait Blockade Triggers Chain Reaction, Aluminum Prices Spike to Four-Year High
Wallstreetcn·- The U.S. has announced a blockade of the Strait of Hormuz, exacerbating aluminum supply issues due to the ongoing Middle East conflict, causing aluminum prices to rise to a four-year high. - Following this news, aluminum prices increased over 2% on the London Metal Exchange, driven by concerns over supply disruptions; the Middle East accounts for about 9% of global aluminum production. - Spot premiums have surged, with the premium for immediate aluminum delivery hitting its highest level since 2007, as buyers compete for immediate supply amid weakening demand pressures on other base metals.Goldman Sachs: Middle East conflict triggers aluminum shortage this year, but a significant surplus will emerge next year as supply returns
Wallstreetcn·- Military conflicts in the Middle East are reshaping the global aluminum market, prompting Goldman Sachs to raise its Q2 2026 LME aluminum price target from $3,200 to $3,450 per ton. - The attacks on major aluminum facilities have transformed an expected surplus of 550,000 tons into a shortage of 570,000 tons, with Q2 alone predicted to face a 1.2 million ton deficit. - By 2027, a significant oversupply of 1.3 million tons is expected, leading to a price drop to an average of $2,750 per ton as new supply comes online.Iran Disrupts Supply Chain, Aluminum Prices Set for Largest 10-Month Gain
Wallstreetcn·- The global aluminum supply chain is impacted by the conflict in the Middle East, driving aluminum prices to a near two-year high amid declining metal markets. - The London Metal Exchange reported a 1.8% increase in three-month aluminum prices, approaching $3,500 per ton, with a monthly rise of nearly 10%, significantly affected by disruptions to production in the Gulf region. - Analysts warn that this shift could turn the market from a surplus of 200,000 tons to a shortage of approximately 1.3 million tons, with ongoing geopolitical tensions further influencing price stability.A and H Shares Open Sharply Lower: ChiNext Down Over 1%, Photovoltaics and Power Stocks Fall Together, Oil and Gas Rise Against Trend, Hang Seng Tech Index Down Nearly 3%, Tech Stocks Broadly Decline
Wallstreetcn·- Asian Pacific stock markets experienced significant declines on March 30, following a drop in U.S. stocks and escalating geopolitical tensions involving Iran and Houthi forces. - Chinese A-shares and Hong Kong stocks also fell, with key indices like the Shanghai Composite and Hang Seng Index reporting losses of 0.49% and 1.31% respectively. - Despite the overall downtrend, sectors such as oil, gas, and coal saw gains, with Brent crude oil prices exceeding $115 per barrel.