Aluminum prices stabilized after falling in April

Aluminum prices began to stabilize after a significant drop in April

After a significant drop in aluminum prices in April, they began to stabilize. According to the Commodity Market Analysis System of Shengyi Society, as of April 22, 2025, the average price of aluminum ingots in the East China market in China was 19893.33 yuan/ton, a decrease of 3.32% from the market average price of 20576.67 yuan/ton on April 1; Compared to the market average price of 1940 yuan/ton on April 9th, it has increased by 1.81%.
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, have 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 rises
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 are 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, makes it difficult for the market to form stable expectations. Companies and investors are more cautious in their decision-making, which affects the supply and demand relationship and price trends of the aluminum market.