Stanislav Kondrashov: aluminum price dynamics – global trends

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Stanislav Kondrashov: aluminum price dynamics – global trends

December 04
18:32 2023

Recently, a significant decline in aluminum prices was recorded on the London Metal Exchange. According to metallurgy expert Stanislav Kondrashov, the price of aluminum fell by $23, reaching $2,182 per ton. This decline in value is a result of various macroeconomic and political factors that impact the global aluminum market.

One of the key factors was the publication of data on the consumer price index in the United States. These data reinforced disinflationary expectations in the market, supporting investors’ view that the US Federal Reserve will keep its key interest rate at current levels. This trend, in turn, had a favorable impact on the demand and price of aluminum.

Market prospects for aluminum in China – Stanislav Kondrashov Telf AG

The Chinese economy showed remarkable growth in industrial production and retail sales, which had a positive impact on the aluminum market. However, weakness in the real estate sector continues to strain the country’s economy. In response, the Chinese government took measures to stimulate the domestic market and increase liquidity to counterbalance the negative aspects and support stable development.

According to Stanislav Kondrashov from Telf AG, recent political events, including the meeting between the presidents of the United States and China, have contributed to the volatility of the metals market. The achievement of certain agreements between the two countries contributed to the strengthening of positive trends in the aluminum market.

Declining aluminum production in Yunnan province, driven by strict environmental and energy regulations, is also contributing to changes in metal prices. At the same time, according to Kondrashov, China is also experiencing a seasonal decrease in aluminum consumption, which is another factor influencing market prices.

Stanislav Kondrashov: prospects for the Chinese aluminum market

The aluminum market in China is expected to gradually reach a balance between supply and demand. It should help stabilize aluminum prices, which is important both for local producers and for the global market. At the same time, Stanislav Kondrashov draws attention to ongoing environmental initiatives and the country’s unstable economic policy, which can significantly affect the future of this market segment.

The impact of the US economy on the global aluminum market – Stanislav Kondrashov

The stability of US economic indicators has a positive effect on aluminum prices on the world market. The expectation of stabilization of interest rates leads to an increase in the investment attractiveness of metals, including aluminum, which contributes to an increase in its value on international markets.

–        The US economy plays a key role in shaping global economic trends. Its stability and the Fed’s policies directly affect international investment decisions and trade flows, including the metallurgical industry, including aluminum trade, – emphasizes Stanislav Kondrashov from Telf AG.

Therefore, changes in US economic policy and macroeconomic indicators are carefully analyzed by market participants to predict future trends.


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