09-24-2020, 06:42 AM
After falling 18.35% in 2015, the price of aluminium rose by 12.43% in 2016. In 2017, the price of aluminum rose by 32.33%. In June 29, 2018, aluminum prices closed at the London Metal Exchange at $2159 per ton, up 7.20% from the second quarter of 2018. Aluminum fell in the first quarter and dropped by 4.09% in the first six months of 2018.
Aluminum is one of the metals that are affected by tariffs. The Trump administration imposed a 10% tariff on aluminum entering the United States to prevent dumping and improve the economic situation of aluminum producers in the United States. Tariffs change the production and consumption economies of commodity markets, and may distort prices and increase market volatility. According to the second quarter price trend, the aluminum market has responded well to the US government's
protectionist measures. However, sanctions against Russia are likely to push up aluminium prices in recent months. Russia is an important producer of aluminum.
Meanwhile, the decline in aluminum stocks on the LME aggravated the second quarter's upward trend. Stocks fell from 1286300 tons at the end of the first quarter to 1114125 tons in June 29th, a decrease of 172175 tons over the second quarter of 2018.
Aluminum is one of the metals that are affected by tariffs. The Trump administration imposed a 10% tariff on aluminum entering the United States to prevent dumping and improve the economic situation of aluminum producers in the United States. Tariffs change the production and consumption economies of commodity markets, and may distort prices and increase market volatility. According to the second quarter price trend, the aluminum market has responded well to the US government's
protectionist measures. However, sanctions against Russia are likely to push up aluminium prices in recent months. Russia is an important producer of aluminum.
Meanwhile, the decline in aluminum stocks on the LME aggravated the second quarter's upward trend. Stocks fell from 1286300 tons at the end of the first quarter to 1114125 tons in June 29th, a decrease of 172175 tons over the second quarter of 2018.