Aluminum futures were at the $2,450 per tonne mark, holding most of the pullback from the six-week high of $2,530 touched on May 14th amid ample supply and an uncertain macroeconomic backdrop. The ongoing backwardation in aluminum futures for main exchanges drove metal traders to re-warranted their aluminum to prevent having to take losses from rolling forward their short positions. Consequently, open tonnage of aluminum in LME inventories surged by nearly 93,000 tonnes to 343,025 tons, the sharpest increase in over one year. The higher availability coincided with the surge in aluminum output in China during April as smelters front-loaded production to take advantage of lower production costs, largely due to ample hydropower in production hubs of Yunnan. In turn, a sharper pullback was prevented by outlook of slower output in China for the rest of the year, as firms must comply with Beijing's cap of 45 million tonnes.
Aluminum decreased 68.55 USD/Tonne or 2.69% since the beginning of 2025, according to trading on a contract for difference (CFD) that tracks the benchmark market for this commodity. Historically, Aluminum reached an all time high of 4103 in March of 2022. Aluminum - data, forecasts, historical chart - was last updated on May 20 of 2025.
Aluminum decreased 68.55 USD/Tonne or 2.69% since the beginning of 2025, according to trading on a contract for difference (CFD) that tracks the benchmark market for this commodity. Aluminum is expected to trade at 2437.49 USD/Tonne by the end of this quarter, according to Trading Economics global macro models and analysts expectations. Looking forward, we estimate it to trade at 2314.49 in 12 months time.