Aluminum Prices
Navigate Aluminum Markets with Confidence
In the complex world of aluminum sourcing, understanding the full spectrum of costs is essential. MetalMiner Insights offers comprehensive pricing data for 1000, 3000, 5000 and 6000 series aluminum. This includes LME prices and global market points. But we go beyond just numbers. Our platform provides should-cost models, buying signals and aluminum price forecasting, along with sourcing strategy recommendations and over 100 price feeds. This empowers your team to make informed decisions, ensuring you stay ahead of volatile aluminum market shifts.
Aluminum LME Price
Metal:
Aluminum
Form:
Sheet
Grade:
3XXX
Current U.S. Price:
$5,951.32/mt
Relying solely on LME aluminum prices doesn’t provide the complete picture, especially when purchasing semi-finished materials like sheets, coils, strips, bars, tubes and extrusions. MetalMiner delivers a granular view of total costs, offering 45% more visibility into the actual expenses your organization incurs. This detailed insight is crucial for OEMs and their supply chains to manage budgets effectively and negotiate better terms with suppliers.
Should-Cost Models
Some Details about this Table
To buy aluminum at the right time, you need to know what’s drives the cost of aluminum. MetalMiner’s should-cost models break it down, covering the 1000, 3000, 5000 and 6000 series aluminum across Europe, China and North America. You’ll see LME prices, regional premiums and conversion costs, all in one place.
Sample Should-Cost for 3XXX Aluminum Prices
All Aluminum Prices
LME Primary 3 Month
LME Primary Cash
LME Aluminum Alloy Primary 3 Month
LME Aluminum Alloy Primary Cash
LME Aluminum NASAAC Primary Cash
US Midwest Premium Futures 3 Month
US 1000, 3000, 5000, 6000 Series Flat Rolled
European 1000, 5000, 6000 Series Flat Rolled
European 6082 Bar and Plate
European 5083 Plate
Korean 1000, 3000 and 5000 Series Flat Rolled
China Bar and Billet and India Cash
European LME Premium
Aluminum markets are noisy and headlines flip contantly. But MetalMiner’s forecasting track record speaks for itself. By consistently calling bullish and bearish trends before they happen, our forecasts help sourcing teams skip the panic and focus on strategy. Whether it’s avoiding a cost spike or locking in a low before prices rebound, our trend insights translate into real cost savings. Download MetalMiner’s full forecasting track record.
Aluminum Insights
Some may argue that timing an aluminum buy appears speculative. Furthermore, others say spot buying means speculative buying! Merely having a specific price of aluminum per pound via fundamental analysis (e.g. supply and demand) rarely equates to an actionable buying strategy, particularly with high market volatility. Understanding the aluminum price from both a short-term and long-term perspective allows you to alter strategies in falling, sideways and rising markets, as well as save money.
For new procurement professionals or those that have the exciting responsibility of managing an aluminum category for the first time, this brief on the 5 Best Practices of Metal-Based Sourcing can help with upcoming supplier negotiations. Moreover, this brief describes how to use cost breakdowns to separate out the conversion/processing costs which make up the entire price.
Have an upcoming negotiation for aluminum sheet or coil? Make sure you know how your service centers will negotiate the aluminum price. Whether you buy 3003 aluminum sheet or 6061 extrusions, a strong understanding of which part of the aluminum price moves with an index and which elements should remain fixed will help mitigate market volatility.
Always stay ahead of metal market shifts by getting weekly…
- Metal price trends
- Commodity market shifts
- Featured articles/metal industry news
- Updates on MetalMiner product developments
- Free resources and sourcing tips
MetalMiner Insights:
Empowering Smarter Aluminum Sourcing
How to Buy, When to buy and What to Pay.
In today’s dynamic aluminum market, having a reliable partner is invaluable. MetalMiner Insights combines historical data to drive aluminum price forecasts, along with expert analysis to provide actionable intelligence for your procurement team. Whether you’re dealing with aluminum price volatility or supply chain disruptions, our platform equips you with the tools to navigate challenges and capitalize on opportunities. Experience the difference MetalMiner Insights can make in your aluminum procurement process.
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Learn How We Partner With Our Clients
We’re always looking for input, as well as opportunities to expand our offerings to help buying organizations purchasing metal. Interested in steel metal prices and market trends? What about advice on copper prices, negotiations and cost-downs? Reach out to us and let us know!
What We Offer?
The goal of MetalMiner is to help manufacturers better manage margins. In addition to this, MetalMiner also assist companies in generating cost savings and cost avoidance, smoothing out volatility and meeting profitability targets. We use data – data science, data analysis, artificial intelligence, statistical analyses as well as technical analysis to provide buying organizations with specific actionable buying guidance.
When used consistently, MetalMiner’s buying guidance affords companies both cost savings and cost avoidance opportunities.
