Aluminium Price OutlookAluminium prices have been somewhat volatile this year: prices rose from January’s multi-year low through to June, but they have been following a moderate downward trend since July. On 9 September, aluminium traded at USD 1,560 per metric ton, which was 4.3% lower than on the same day in August. The value was up 3.9% on a year-to-date basis and was 3.0% lower than on the same day a year ago. Depressed prices for aluminium mainly reflect weak global demand dynamics in a context of ample supply. Low prices caused some major producers to scale back production as profit margins fell, which in turn provided some support for prices in the first seven months of this year. Production fell particularly in China, the metal’s top producer and consumer. According to data from the International Aluminium Institute, from January to July, global production declined 1%, while production in China decreased 3%. The short-lived surge in prices in turn caused producers to resume production, which has been exerting renewed downward pressure on prices in recent months as demand failed to pick up substantially. State subsidies for aluminium producers in China are also putting pressure on prices, since subsidies enable production to be maintained at levels that would otherwise not be economically viable.
Aluminium Price History Data (USD per metric ton)
Price forecasts and historical data for Energy, Metals and Agricultural Commodities.
Note: London Metal Exchange (LME) Aluminium, prices in USD per metric ton (mt). Prices are average of period (aop).
Aluminium Historical Price Chart
Price forecasts and historical data for Energy, Metals and Agricultural Commodities