# Saudi miner Ma'aden says China supply, coronavirus dampen aluminum outlook

> Ma'aden's chief executive said the 2020 aluminum outlook is more negative than at the start of the year, citing the coronavirus outbreak and a supply surge from China. The comments were made in Dubai.

- Date: 2020-02-06 · published 2020-02-06T12:00:00.000Z
- Category: macro · region China · magnitude low
- Page: https://feedsoft.ai/events/6017-saudi-miner-ma-aden-says-china-supply-coronavirus-dampen-aluminum-outlook
- Commodities: [DAP](https://feedsoft.ai/c/DAP.md)

## Why it matters

Aluminum is not a feed commodity, and the story has limited direct effect on feed grain or protein prices, although weaker Chinese demand could slightly weigh on energy-linked and macro sentiment.

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| DAP | 2021-08-27 | [Supply Lines Latest: Global Inflation Is Coming for Fertilizer - Bloomberg](https://feedsoft.ai/events/6007-supply-lines-latest-global-inflation-is-coming-for-fertilizer-bloomberg.md) | +4.7% | +7.8% |
| DAP | 2020-04-14 | [Fertilizer Supply Chains Hold Steady, But No Guarantees - AgriBusiness Global](https://feedsoft.ai/events/53565-fertilizer-supply-chains-hold-steady-but-no-guarantees-agribusiness-global.md) | 0.0% | -6.4% |
| DAP | 2019-11-20 | [China’s potash and phosphate industries face an early mid... - CRU Group](https://feedsoft.ai/events/55989-china-s-potash-and-phosphate-industries-face-an-early-mid-cru-group.md) | -0.5% | -3.8% |
| DAP | 2023-06-20 | [Morocco's OCP plans $7 billion green ammonia plant to avert supply problems \| Reuters](https://feedsoft.ai/events/35822-morocco-s-ocp-plans-7-billion-green-ammonia-plant-to-avert-supply-problems.md) | 0.0% | +12.8% |
| DAP | 2022-01-05 | [Little relief in sight on fertiliser supply and price - Farmers Weekly](https://feedsoft.ai/events/4589-little-relief-in-sight-on-fertiliser-supply-and-price-farmers-weekly.md) | -1.4% | -3.5% |

## Sources

- reuters.com: https://www.reuters.com/article/world/saudi-miner-maaden-says-china-supply-coronavirus-dampen-aluminum-outlook-idUSKBN2000TR/

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Data from Feedsoft AI (https://feedsoft.ai/). For information only; not investment advice.