Aluminum Prices Rise Despite Supply Chain Issues

Slowing Growth Rates and Seasonal Patterns Impact Demand

The aluminum industry has experienced significant fluctuations in recent months. While domestic output reached 2486 million tons from January to July, marking a 5% year-on-year increase, growth rates are expected to slow in August due to supply chain disruptions.

International Market Outlook

The International Aluminium Institute (IAI) reports that primary aluminium prices remain high. Meanwhile, SMM provides current and historical price tables for high-purity aluminium (99.996%).

Domestic Market Trends

Orders recorded by domestic producers increased through April 2024, indicating healthy demand. However, growth is expected to moderate to 9% in the next two fiscals due to seasonal patterns.

Supply Concerns and Predictions

Despite ongoing supply chain issues, some analysts predict an easing of the aluminum shortage that has persisted throughout most of 2022. However, the industry remains cautious as demand returns to seasonal levels.