CRU
August 30, 2021
CRU: Primary Aluminum Supply-Demand Update
Written by Greg Wittbecker
By CRU Aluminum Advisor Greg Wittbecker
The fundamentals in the aluminum market are continuing to tighten as we complete the third quarter.
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CME Group’s hot-rolled coil futures have jumped higher as the loss of a reheating line at a large Southern mill have renewed domestic production issues. At market close on Oct. 12, the Q4'26 futures are now pricing in $1,295 per short ton (st) for HR coil, a month-over-month (m/m) increase of $63/st. For 2027, the forward curve is up $80 /st vs. September, at $1,207/st. For November 2026 through March 2027, prices are at an average just above $1,300/st.
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