Adv
LANGUAGES
English
Hindi
Spanish
French
German
Chinese_Simplified
Chinese_Traditional
Japanese
Russian
Arabic
Portuguese
Bengali
Italian
Dutch
Greek
Korean
Turkish
Vietnamese
Hebrew
Polish
Ukrainian
Indonesian
Thai
Swedish
Romanian
Hungarian
Czech
Finnish
Danish
Filipino
Malay
Swahili
Tamil
Telugu
Gujarati
Marathi
Kannada
Malayalam
Punjabi
Urdu
03 SEPTEMBER 2014 AL CIRCLE

The tight supply pushes aluminium towards 18-month high

1MINS READ
According to Reuters reports, the aluminium prices have once again reached close to the 18-month high on Tuesday, which has pushed up the Shanghai futures by more than 2%.

The aluminium rate has edged quite close to the peak it had reached the previous week, the highest it had been since February 2013. The hike could possible be in lieu with the spiking demand and the worldwide shortage of supply.

Ivan Szpakowski, an analyst of Citi in Shanghai expresses his surprise at the rate of increase in the aluminium prices and says that a lot of it is possibly driven by “CTAs (commodity trade advisers), momentum traders, and also macro trading on the more positive views of global economic growth” as opposed to fundamental factors. The prices will settle back to a lower number soon.

The central banks of Europe also have a role to play as they might be forced to shore up their economies as a reaction to the reduced factory growth and this is stirring up further interest in the aluminium.


Adv
Adv
Adv
Adv
Adv
Adv
Adv
1MINS READ

Responses

Adv
Adv
Adv
Loading...
Adv
Adv
Adv
Loading...
Reports VIEW ALL
Loading...
Loading...
Business Leads VIEW ON AL BIZ
Loading...
Adv
Adv
Would you like to be
featured with us?
Loading...

AL Circle: Aluminium Ecosystem App

A proud
ASI member
© 2026 AL Circle. All rights reserved. AL Circle is not responsible for content from external sources.