Aluminium Price OutlookAluminium 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)
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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