Aluminum Price | Current and Forecast
Monitor Aluminum Prices Worldwide
Intratec tracks the following commodity prices in multiple locations.
See below a preview of Aluminum prices, as an example of prices available. It presents monthly Aluminum prices in 7 locations: United States, Europe, South Asia & Oceania, Northeast Asia.
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Data Legend. The Aluminum price chart shows the prices in USA Dollar per metric ton (USD/mt) in 4 locations, as follows:
- US: Aluminum, United States, spot, exw
- EUR: Aluminum, Europe, spot, dpu, Netherlands
- SEA: Aluminum, South Asia & Oceania, transaction, fob, India
- NEA: Aluminum, Northeast Asia, spot, cif, Japan
Data Use. Aluminum prices are provided as an annual subscription where subscribers have access to reliable pricing data of 237 commodities worldwide. To better understand data provided by Intratec Primary Commodity Prices, check the following documents: Price Assessment Basis , Commodities Specifications , Methodology , User Guide , and Glossary .
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Price Dynamics. The Aluminum price in United States increased during November 2018 to 2,240 USD per metric ton, which represents a slight rise of 0.9% compared to the previous month’s value. On a year-over-year basis, Aluminum prices in United States decreased by 6%. Meanwhile, in Netherlands, the average price of Aluminum amounted to 2,260 USD per metric ton, from 2,360 USD per metric ton one year earlier. On a month-over-month basis, the Aluminum price in Netherlands is 4% lower than the price one month before.
The price of Aluminum in Japan declined slightly throughout November 2018, reaching 2,150 USD per metric ton. The price in Japan is 2% lower than the average price in the previous month and 3% lower than the average price one year before. In contrast, Aluminum prices in India were flat during November 2018, and were decline when compared to the average price in the preceding yeara decline of 3% from the previous year’s price.
About Aluminum. Aluminum is a metallic element, with atomic number 13, a post-transition metal, member of group 13 of the periodic table. Aluminum is the most abundant metal in Earth’s crust, comprising 8.8% by weight. It is, however, rarely found in its free form, being present in over 270 minerals and ores. It was first isolated in 1824, followed in 1886 by the development of the first industrial production process, which is still widely used currently, the Hall-Héroult process. Aluminum is the third most commercialized metal worldwide, behind only iron and copper. This is explained by its ability to form alloys with remarkable low density in conjunction with high strength and corrosion resistance.
Since aluminum is produced in great quantity, it is usually shipped in railroad tank cars or by marine transportation. Transportation of molten Aluminum in special vessels by truck is a growing trend, since it is usually cheaper to transport it in this state, than it is to melt the solid metal again in factories. Due to its high electrical conductivity, all equipment used in storage or transportation should be grounded. Fine dust generation should also be prevented since it can form flammable or explosive mixture with air.
Raw materials and the respective production processes employed in the manufacturing of Aluminum are listed below.
- Alumina (Hall-Heroult electrolytical reduction process)
The uses and applications of Aluminum may vary according to its specification. The main forms of Aluminum are plates; rods; wire foil flakes; powder; and sheets.
