Aluminum Prices Hit Lowest Since March on Weak Chinese Data

Aluminum prices fell to their lowest level since March, as economic data from China came in below expectations. The weak data exerted downward pressure on metal markets, while investors continued to price in uncertainties regarding the implementation of the Iran-US peace agreement. The slowdown in China's economic growth data has heightened concerns that demand for industrial metals such as aluminum may decline. This has led to a general selling pressure in commodity markets, with aluminum prices negatively affected by this trend. On the geopolitical front, concerns over the implementation of the Iran-US peace agreement are limiting investor risk appetite. Uncertainty about whether the agreement will be fully implemented stands out as an additional pressure factor on commodity prices. Analysts note that aluminum prices will remain sensitive to new data from China and geopolitical developments in the short term. Market participants are closely monitoring China's industrial production and manufacturing PMI data in particular. This is not investment advice.