The price of aluminium increased by 1.05% to settle at 226.45 as money flooded into commodities, especially metals, a hedge against mounting inflationary pressures. The rise in demand for aluminium aligned with China’s robust production numbers, suggesting a stable growth path for the metal. March saw a year-over-year increase in aluminium output of 4.19% to…
In yesterday’s trading session, aluminium prices saw a slight decrease of -0.2%, ultimately finishing at 223.3. This dip was ascribed to profit bookings after recent increases, which were especially reinforced by higher premiums in Japan. Stronger-than-expected economic statistics out of China also helped the market, allaying worries about declining demand from the largest consumer in…
Yesterday, the price of aluminium dropped by -1.04% to settle at 199.6 due to a variety of factors affecting market sentiment. Some assistance was given by China’s attempts to calm its markets and lower its stock of metals, but advances were constrained by a strong dollar. According to the China Nonferrous Metals Industry Association (CNIA),…
The price of aluminium yesterday increased by 0.26% to 208.85 as China’s output of the metal decreased by 1.2% from March to April due to power restrictions in the region’s southwest. The National Bureau of Statistics reports that China produced 3.33 million tonnes of aluminium in March, down from 3.37 million tonnes in February but…
