The Aluminum Monthly Metals Index (MMI) fell for the second consecutive month, this month dropping by 3.9% as aluminum prices trended sideways. After a sharp 7.6% drop in the early days of November, aluminum prices appeared to have found a bottom. Prices then traded sideways at summer support levels. Currently, aluminum is in a period […]
Tag: Aluminum MMI
Aluminum MMI: Following all-time high, aluminum prices plummet
The Aluminum Monthly Metals Index (MMI) fell for the first time in nine months, dropping by 1.5%. After prices hit the record peak in late October, aluminum started to face some speed bumps when the price attempted to continue to trade upward. Since Beijing’s intervention into the coal market, LME aluminum prices began to retrace […]
Aluminum MMI: Aluminum remains high but stays below all-time high
The Aluminum Monthly Metals Index (MMI) went up by 3.1% this month, as all forms of aluminum jumped this month. We’re offering timely emails with exclusive analyst commentary and some best practice advice. Sign up here. Primary capacity interest Historically high prices, increasing demand and production cuts in China have opened a window of opportunity […]
Aluminum MMI: Rising aluminum prices concern Beijing
The Aluminum Monthly Metals Index (MMI) increased by 4.1% for this month’s reading. Do you know the five best practices of sourcing metals, including aluminum? LME three-month aluminum prices are only $100/mt away from 2011 prices. Overall, LME aluminum traded up despite some volatility in August. Prices took their largest dip Aug. 16-19 before recovering. […]
Aluminum MMI: Prices almost reach decade high
The Aluminum Monthly Metals Index (MMI) increased by 7.0%. Prices remain historically high, with Chinese prices increasing the most this month. Throughout July, LME aluminum traded mostly sideways until the last few days of the month when the price spiked. LME prices reached $2,619/mt on Aug. 1. Prices are close to the decade high of […]
Aluminum MMI: Aluminum prices remain historically high
The Aluminum Monthly Metals Index (MMI) increased by 0.9% this month, as aluminum prices traded mostly sideways but remained historically high. Are you under pressure to generate aluminum cost savings? Make sure you are following these five best practices. Aluminum prices Throughout June, LME aluminum prices cooled off. However, in the last week of the […]
Aluminum MMI: Is a consolidation period ahead for aluminum prices?
The Aluminum Monthly Metals Index (MMI) increased by 0.9% this month, as aluminum prices reached a nine-year high during the first half of the month but later declined. Stop obsessing about the actual forecasted aluminum price. It’s more important to spot the trend. See why. Aluminum prices The LME aluminum price reached a nine-year high […]
Aluminum MMI: Physical delivery premium continues to rise
The Aluminum Monthly Metals Index (MMI) jumped 7.7% for this month’s reading, as the aluminum physical delivery premium continues to rise. Do you know the five best practices of sourcing metals including aluminum? Delivery premium continues to rise The US Midwest Premium, like just about everything else these days, continued to inch upward in recent weeks. […]
Aluminum MMI: Buyers see tight supply, rising physical delivery premiums
The Aluminum Monthly Metals Index (MMI) ticked up 2.0% for this month’s reading, as aluminum premiums remain elevated. Does your company have an aluminum buying strategy based on current aluminum price trends? Rising physical delivery aluminum premiums For aluminum buyers vying for material, they’re finding physical delivery premiums are elevated. In fact, rising premiums are […]
Aluminum MMI: China’s latest five-year plan could support aluminum prices
The Aluminum Monthly Metals Index (MMI) picked up 6.3% for this month’s reading, as the China aluminum sector could get a price boost from the 14th Five-Year Plan. Furthermore, the Department of Commerce made anti-dumping and countervailing duty determinations on aluminum sheet. China’s 14th Five-Year Plan By virtue of its having the largest aluminum and […]
