Aluminium Price OutlookAluminium prices ticked up slightly in recent weeks, against the backdrop of tight global supply and despite a slowing global economy amid ongoing trade spats. Aluminium traded at USD 1,784 per metric ton on 5 July, which was up 2.4% from the same day in the previous month. However, the value was 4.2% lower on a year-to-date basis and was down 15.1% from the same day a year ago. Aluminium prices trended slightly up in recent weeks following considerable volatility in May. Favorable supply and demand conditions in Canada, Mexico and the United States where demand continued to grow at a healthy pace in the face of somewhat constrained output boded well for the prices for most of June. In addition, prices found further support in falling global inventories: Stockpiles in LME and Chinese warehouses declined markedly in June. Hopes of progress on trade talks between the U.S. and China ahead of Donald Trump’s and Xi Jinping’s meeting in the G20 summit in Japan gave a further boost. Nevertheless, an earlier-than-anticipated beginning of the slack season in China exerted strong downward pressure on aluminium prices. Soft economic data, downbeat investor sentiment and frail demand conditions, despite the government’s economic stimulus measures, all clouded aluminum demand outlook.
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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