en.Wedoany.com Reported - Recently, aluminum ingot prices in the Tokyo, Japan market have shown a pattern of consolidating at high levels. Aluminum prices on the London Metal Exchange (LME) have risen due to the impact of conflicts in the Middle East region, driving an upward trend in premiums (surcharges) to Japan starting this month. Last week, domestic aluminum ingot prices in Japan broke through the 700,000 yen threshold, indicating strong market performance.

Although the market may experience corrective selling, the bottom support for aluminum ingot prices remains relatively firm. Regarding LME aluminum prices, the three-month futures price fluctuates around the $3,600 range, staying within the high price range seen since 2022. This price level reflects the global aluminum market's supply-demand situation and the influence of geopolitical factors, with related production accounting for approximately 9% of global total output.

In summary, the high-level consolidation of aluminum ingot prices in the Japanese market is primarily driven by rising international aluminum prices and premium adjustments. Future price trends need to monitor global market dynamics and regional conflict developments to assess their ongoing impact on the aluminum supply chain.

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