Sheets of aluminium stacked in warehouse

Aluminium Price Outlook

Aluminium prices regained some lost ground in recent weeks on signs of falling production in China and easing U.S.-China trade tensions. Aluminium traded at USD 1,858 per metric ton on 8 February, which was 0.6% higher than on the same day in December. In addition, the value was down 0.3% on a year-to-date basis although was 14.6% lower than on the same day a year ago. Prices rose in the second half of January amid signs of easing aluminium production in China. Elevated concerns over supply intensified in anticipation of the lunar new year holiday when China—the world’s largest aluminium producer—shut down for a week at the beginning of February. Prices were further supported by easing tensions between Washington and Beijing ahead of another round of trade talks to be kicked off in mid-February. This has helped to shrug off the downward pressure stemming from the withdrawal of U.S. sanctions imposed upon Russian aluminium giant Rusal on 27 January. Meanwhile, cooling Chinese manufacturing—the PMI remained stuck in negative territory for the second consecutive month in January—and a global economic slowdown continued to weigh on demand, eating into aluminum price gains.

Aluminium Price History Data (USD per metric ton, aop)

2013  2014  2015  2016  2017  2018  
Aluminium1845.86  1867.48  1663.69  1604.6  1968.4  2117.64  

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Price forecasts and historical data for Energy, Metals and Agricultural Commodities.

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Aluminium Historical Price Chart


Aluminium historical price chart
Note: Aluminium prices in USD per metric ton (mt). Daily prices.

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Price forecasts and historical data for Energy, Metals and Agricultural Commodities

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