By Stuart Burns
Aluminum consumers have watched the primary ingot price drift gradually lower since the beginning of this year. There have been peaks and troughs, of course, as the price is buffeted by trade news, mill outages or exchange rate movements.
Broadly speaking, however, our sideways market has been one of gradual decline. As the price approaches the psychologically significant $1,700 per metric ton level, some will be wondering: can we expect resistance and a floor, or could prices continue down?
I wish we had a crystal ball, but you will not