Aluminium Price OutlookAluminium prices slumped in recent weeks, as demand for the base metal softened in response to the coronavirus outbreak which caused a downturn in Chinese industrial production. Aluminium traded at USD 1,696 per metric ton on 14 February, which was 4.8% lower than on the same day in the previous month. Moreover, the value was down 4.8% on a year-to-date basis, while it was 6.8% lower than on the same day a year ago. The coronavirus outbreak in China has significantly disrupted the world’s second-largest economy, after the government extended the Lunar New Year holiday in hopes of containing the outbreak. This has led to marked downturns in major aluminium-consuming industries in China, including the automotive, construction and manufacturing sectors, which weighed heavily on global aluminium prices. Moreover, President Trump’s move in late January to extend U.S. tariffs on aluminum to cover derivatives of the base metal depressed global prices further. Both developments significantly outweighed the disruption to the supply chains caused by the coronavirus outbreak, which will have buttressed prices somewhat.
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
Request a Trial
Start working with the reports used by the world’s major financial institutions, multinational enterprises & government agencies now. Click on the button below to get started.