Aluminum Prices Rise to US$2594.5 per Ton as of Thursday, May 16, 2024

Agus Dwi Darmawan 17/05/2024 10:59 WIB

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Three-Month Aluminum Contract Price Update

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Aluminum Prices Rise to US$2594.5 per Ton as of Thursday, May 16, 2024

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Three-Month Aluminum Contract Price Update

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The price of three-month aluminum contracts is currently rising. Based on trades monitored by Westmetall, the price of three-month aluminum contracts reached US$2,594.5 per ton on Thursday, May 16, 2024.

Aluminum trading is up 9.06 percent year-to-date and has experienced a 0.1 percent year-on-year decline. The highest price for this commodity in 2024 was US$2,660.5 per ton, reached on April 22, 2024.

The average aluminum price this year is US$2,340.77 per ton. This represents a 2.44 percent increase from the previous year's price of US$2,285.1 per ton in 2023.

"Disclosure: This is an AI-generated translation of the original article. We strive for accuracy, but please note that automated translations may contain errors or slight inconsistencies."