China’s government data showing a slowdown in factory activity has driven aluminum prices to a two-week low of $2,411 per metric ton. August’s manufacturing data, hitting a six-month low, reflects reduced demand from major aluminum users like the real estate and automotive sectors.
Despite positive global economic data, China’s figures heavily influence metal demand. Algorithmic trading shifts and long-position closures, driven by digital trading models, have further pressured aluminum prices. Meanwhile, digital tracking of tin inventories and supply issues has influenced price fluctuations, with other metals like copper, nickel, zinc, and lead showing mixed movements.
