Aluminium Price OutlookAluminium prices dropped in recent weeks as investors grew more skeptical about planned capacity cuts in China, and data suggested a possible slowdown in activity in the Asian giant. Aluminium traded at USD 2,059 per metric ton on 1 December, which was down 5.1% from the same day in the previous month. However, the value was 20.8% higher on a year-to-date basis and was up 19.6% from the same day a year ago. Aluminium prices lost some ground on the prospect of softer-than-expected supply cuts in China. The latest data showed that aluminium production in China fell for a fourth straight month in October, but year-to-date production was almost 4% higher compared to the same period in 2016. Moreover, global production for October excluding China was higher than in the previous month. Downward pressure also came from the demand side of the equation: Weaker-than-expected data on industrial output, fixed-asset investment and retail sales in China for October suggest demand could be cooling. Lastly, prices came under further pressure as U.S. President Trump’s administration launched an anti-subsidy and anti-dumping probe into Chinese aluminum
Aluminium Price History Data (USD per metric ton, aop)
Price forecasts and historical data for Energy, Metals and Agricultural Commodities.
Aluminium Historical Price Chart
Price forecasts and historical data for Energy, Metals and Agricultural Commodities
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