Aluminium Price OutlookAluminium prices lost considerable ground in recent weeks, as the winds of a trade war blew harder and the Chinese economy showed signs of cooling. U.S. President Trump threatened to impose new tariffs on imports of cars from the European Union, as well as on USD 200 billion Chinese goods imports, to which both European and Chinese institutions responded by threatening counter-measures on U.S. exports. Aluminium traded at USD 2,111 per metric ton on 6 July, which was down 9.9% from the same day in June. The value was 6.5% lower on a year-to-date basis but was up 9.2% from the same day a year ago. The escalating trade dispute exerted strong downward pressures on aluminium prices, as industrial production worldwide could be significantly weakened by tariffs. Although the probability of a large-scale trade war is deemed low by markets, it has increased with the latest threats by the U.S. president. Moreover, prices were further hit by recent data showing some cooling in China’s economy, which is expected to translate into softer demand for the metal. Local government building projects in May were restrained by tightening liquidity, and in June the manufacturing sector weakened somewhat on falling export orders.
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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