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Aluminum Set for Worst Monthly Loss Since 2008 on Supply Outlook

Commodities & Raw MaterialsGeopolitics & WarMarket Technicals & Flows

Aluminum is set for its steepest monthly loss since 2008 as the market rapidly unwinds an Iran war-induced rally. The pullback follows expectations for a return of lost Middle Eastern supply, driving a sharp reversal in prices.

Analysis

Aluminum is set for its steepest monthly loss since 2008 as the market rapidly unwinds an Iran war-induced rally. The pullback follows expectations for a return of lost Middle Eastern supply, driving a sharp reversal in prices.

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Market Sentiment

Overall Sentiment

moderately negative

Sentiment Score

-0.45

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