Aluminium Price OutlookAluminium prices hit a seven-month high at the beginning of September, likely due to a hike in imports from China, before falling back in the following days. As such, aluminum traded at USD 1,737 per metric ton on 11 September, which was 0.8% lower than on the same day in the previous month. Moreover, the price was down 2.5% on a year-to-date basis and was 3.3% lower than on the same day a year ago. The recovery of industrial demand in Europe and a spike in demand from top consumer China, owing to an open arbitrage window between the London Metal Exchange and the Shanghai Futures Exchange, rallied aluminium prices in recent weeks. Nonetheless, the pickup in demand faltered at the outset of September, giving way to trade tensions which negatively impacted prices. In addition, despite the declining stockpiles in China, the market remains significantly oversupplied, pointing to a potential disconnect between the price and fundamentals of aluminium.
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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