Aluminum prices began to stabilize after a significant drop in Apri
After a significant drop in aluminum prices in April, it began to stabilize. According to the Commodity Market Analysis System of SunSirs, as of April 22, 2025, the average price of aluminum ingots in the East China market in China was 19,893.33 RMB/ton, a decrease of 3.32% from the market average price of 20,576.67 RMB/ton on April 1; Compared to the market average price of 19539.66 RMB/ton on April 9th, it has increased by 1.81%.
Analysis review
In early April, due to the impact of US tariff news, the commodity market experienced a stress response, and aluminum prices showed a significant decline. Mainly influenced by the following factors:
1. Strong expectations that the demand side may be suppressed
The imposition of tariffs has increased the cost of aluminum products. Many downstream companies in the United States, such as automobile manufacturers and aerospace companies, started to reduce the use of aluminum or seek cheaper alternatives in order to control costs. This has directly led to a decrease in demand for aluminum, resulting in a drop in aluminum prices.
2. Risk aversion sentiment rose
The imposition of tariffs by the United States has led to increased uncertainty in the global trade landscape, and market concerns about a global economic recession were growing, resulting in a rise in risk aversion. Investors and market participants have become cautious about the prospects of the aluminum market, reducing their investment and trading in aluminum; At the same time, the unpredictable nature of US tariff policies, such as the uncertainty of temporary exemptions from tariffs on imported cars and parts, made it difficult for the market to form stable expectations. Companies and investors were more cautious in their decision-making, which affected the supply and demand relationship and price trends of the aluminum market.
Market outlook
After the impact factors of tariffs have been reflected in prices, their influence has weakened, and aluminum ingot prices have begun to return to fundamental considerations. Prices have started to stabilize recently.
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