Recently, global trading giant Marubeni Corporation conducted an in-depth analysis of the supply situation in the Asian aluminum market and released its latest market forecast. According to Marubeni Corporation’s forecast, due to the tightening of aluminum supply in Asia, the premium paid by Japanese buyers for aluminum will remain at a high level of over $200 per ton in 2025.
As one of the major aluminum importing countries in Asia, Japan’s influence in aluminum upgrading cannot be ignored. According to data from Marubeni Corporation, the premium for aluminum in Japan has risen to $175 per ton this quarter, an increase of 1.7% compared to the previous quarter. This upward trend reflects market concerns about aluminum supply and also demonstrates the strong demand for aluminum in Japan.
Not only that, some Japanese buyers have already taken action in advance and agreed to pay a premium of up to $228 per ton for aluminum that arrives from January to March. This move further exacerbates market expectations of tight aluminum supply and prompts other buyers to consider the future trend of aluminum premium.
Marubeni Corporation predicts that the aluminum premium from January to March will remain within the range of $220-255 per ton. And in the remaining time of 2025, the aluminum premium level is expected to be between $200-300 per ton. This prediction undoubtedly provides important reference information for market participants, helping them better grasp the trend of the aluminum market and formulate future procurement plans.
In addition to aluminum premium, Marubeni Corporation also made predictions on the trend of aluminum prices. The company expects the average price of aluminum to reach $2700 per ton by 2025 and climb to a high of $3000 by the end of the year. The main reason behind this prediction is that market supply is expected to continue tightening, unable to meet the growing demand for aluminum.
Post time: Dec-19-2024