The London Metal Exchange (LME) aluminum price reached US$3,042/ton (October 12), which is the highest level in 13 years.
Due to the sharp increases in raw material cost and power rationing measures in China, aluminum prices came to a 13-year high since 2008. Affected by the above factors, the raw material markup will cause more underproduction in the near future.
According to market analysis, most of the raw material prices remain high at present. In the short term, global inflation makes the raw material price difficult to fall back.
In addition, the recent control of energy consumption in China has also caused the price of industrial silicon to soar. Market participants continue observing whether raw material prices will be driven in the future.
