Aluminium Price OutlookAluminium prices weakened slightly in recent weeks, against the backdrop of decelerating Chinese growth and feebler global demand for the base metal. Aluminium traded at USD 1,845 per metric ton on 8 March, which was 0.7% lower than on the same day in December. In addition, the value was down 1.0% on a year-to-date basis although it was 11.6% lower than on the same day a year ago. The weakening in aluminium prices in recent weeks came largely on the back of disappointing Chinese manufacturing data, amid the ongoing trade conflict between the United States and China. Despite increasing government stimulus to spur the economy, the manufacturing sector in China continued to lose momentum in February, reflected in deteriorating factory activity due to falling export orders. Furthermore, aluminium production returned to a normal cycle in China, following a week-long shutdown for the Lunar New Year holiday at the beginning of February, which seemingly propped up growth in inventories. In addition, at the beginning of March, aluminium production at Rusal returned levels seen before the U.S. imposed sanctions on the Russian aluminium giant, which added further downward pressure on prices.
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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