This chart shows Aluminum price assessments in USA Dollar per metric ton (USD/mt) in 5 locations, as follows:
- Aluminum, US (United States): Aluminum, spot price, i-w, United States
- Aluminum, EUR (Europe): Aluminum, domestic spot price, dpu, Netherlands
- Aluminum, SEA (Southeast Asia): Aluminum, export transaction price, fob, India
- Aluminum, NEA (Northeast Asia): Aluminum, import spot price, cif, Japan
- Aluminum, CN (China): Aluminum, spot price, i-w, China
The chart above is a sample of Intratec Primary Commodity Prices. Subscribe and access now current prices of 225 commodities, including Aluminum.
Data Use
Aluminum prices are provided as an annual subscription where subscribers have access to reliable pricing data of 225 commodities worldwide.
Intratec's methodology employs a structured big data strategy that utilizes advanced technologies to extract publicly available data from primary sources such as governmental trade records, statistics bureaus, and international agencies.
This data is then processed through mathematical models to generate reliable assessments, published at the very beginning of each month. To better understand the data provided check Intratec Primary Commodity Prices Methodology.
Data Delivery Methods
Aluminum price assessments are available via different delivery methods:
- Online charts
- Directly into Excel (using Intratec Add-in)
- Power BI dashboards
- Web API (to facilitate integration with existing workflows)
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Aluminum Price Outlook
Aluminum Price Outlook. The price of Aluminum (United States) increased during May 2020 to 1,510 USD per metric ton, which represents a slight rise of 1% compared to the previous month’s value. On a year-over-year basis, the prices of Aluminum (United States) decreased significantly by 32%. Meanwhile, the average price of Aluminum (China) amounted to 1,840 USD per metric ton, from 2,090 USD per metric ton one year earlier. On a month-over-month basis, the price of Aluminum (China) is 10% higher than the price one month before.
The price of Aluminum (Southeast Asia) declined throughout May 2020, reaching 1,800 USD per metric ton. The price is 4% lower than the average price in the previous month and 6% lower than the average price one year before. In contrast, the prices of Aluminum (Europe) increased modestly during May 2020, reaching 1,540 USD per metric ton, which means a rise of 1% from the previous month’s price and a decline of 18% from the previous year’s price.
The prices of Aluminum (Northeast Asia) experienced a modest rise of 30 USD per metric ton from the prior month's price, to 1,540 USD per metric ton. Such price movement meant a rise of 2% on a monthly basis and a decrease of 18% on a yearly basis.
About Aluminum
About Aluminum Metal. 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.
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.
Recycling plays a crucial role in the Aluminum production chain, mitigating environmental impact and reducing the demand for primary aluminum production. As a highly recyclable material, aluminum exemplifies a sustainable approach within the broader context of the manufacturing ecosystem.
Aluminum Metal Handling. 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.
Aluminum Metal Production. Raw materials and the respective production processes employed in the manufacturing of Aluminum Metal are listed below.
- Alumina (Hall-Heroult electrolytical reduction process)
Aluminum Metal Uses. 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.