Tag: aluminum price index

Aluminum MMI: Price of Aluminum Falls, Tariffs Back On

Aluminum MMI: Price of Aluminum Falls, Tariffs Back On usa-vs-russia-fists-with-flags-battle-of-two-countries-on-sky

Aluminum prices reacted bearishly in the short term. At the beginning of February, price action showed a short-term sideways trend with no new lows or highs. Indeed, the price of aluminum would need to break out of its current range to form a continuation trend or a reversal downward. However, future price direction currently remains […]

Aluminum MMI: Aluminum Prices Slide From Early-December Peak

Aluminum MMI: Aluminum Prices Slide From Early-December Peak Aluminum-MMI-January-1

Despite the recent short-term bounce, aluminum prices have not quite reversed to the upside following their long decline from March 2022. Ultimately, the rally between November and December was not strong enough to indicate a reversal. Moreover, bearish pressure continues to dominate the market environment at this time. Instead, prices remain largely indecisive. However, the […]

Aluminum MMI: Aluminum Prices Decline as Energy Crisis Worsens 

Aluminum MMI: Aluminum Prices Decline as Energy Crisis Worsens  Aluminum-MMI-September-1

This week, aluminum prices approached long-term weekly demand zones. These are price levels that typically trigger a strong upswing. Before the most recent short-term declines, prices bounced off these levels, rising back into zones of strong downward movement (supply zones). Should prices continue to break downward, it could indicate a downtrend continuation. Moreover, the longer […]

Aluminum MMI: Aluminum Prices Consolidate 39% Beneath March Peak

Aluminum MMI: Aluminum Prices Consolidate 39% Beneath March Peak Screen-Shot-2022-08-15-at-3.44.10-PM

After seeing a short-term bullish rebound in July, aluminum prices began to modestly decline again in early August. All in all, the rebound was insufficient to suggest a bullish reversal. As such, global aluminum prices remain within a macro downtrend despite recent directional uncertainty. The Aluminum Monthly Metals Index (MMI) dropped by 2.4% month over […]

Aluminum MMI: Aluminum Prices Plummet to 12-Month Low

Aluminum prices continue to display a macro downtrend. Shorter-term trading ranges are forming but also breaking quickly, signaling further bearish sentiment. Simultaneously, breakouts to the downside seem to indicate a lack of bullish strength and support. Altogether, the Aluminum Monthly Metals Index (MMI) dropped by 8.06% month over month.  The MetalMiner Insights platform includes global […]

Aluminum MMI: Aluminum Prices Trade Sideways After Decline

Aluminum prices declined overall in May. However, near the end of the month, they appeared to hit bottom and began to trade sideways. Conflicting macroeconomic and geopolitical factors continue to pressure markets, resulting in unclear direction and price trends. Overall, the Aluminum Monthly Metals Index (MMI) dropped by 6.21% month over month.  Shanghai Lockdowns Return, […]

Bases metals prices with short term volatility followed by medium term falls

Many metals consumers normally buy if not spot then on a three-to-six-month time horizon. Still others book up to a year out. Those that fix for longer periods often publish annual sales price lists. These companies need to fix input costs to protect margins. However, that too comes at a cost. Of course there is […]

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