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    Analysis

    August 25, 2023

    CRU Aluminum: Metal Price Volatility Remains a Common Market Feature

    Written by Stephen Williamson

    The LME aluminum 3-month price moved higher this week wrapping up the week at $2,170 per ton on Aug. 25. With the price back above a support marker at $2,130 per ton implies an upward trend but noted that late in the week the price could not find support above $2,190 per ton. Range bound for now, the weekly $50 – $100 per ton swings are expected.

    The SHFE aluminum price was broadly stable today despite reports of more Chinese stimulus to boost home sales. The cash contract settled at RMB18,625 per ton and last traded at RMB18,675 per ton.

    Stephen Williamson

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