{"id":7247,"date":"2024-11-19T11:59:00","date_gmt":"2024-11-19T11:59:00","guid":{"rendered":"https:\/\/www.expanamarkets.com\/?post_type=insight&#038;p=7247"},"modified":"2025-05-25T09:19:51","modified_gmt":"2025-05-25T09:19:51","slug":"metal-prices-update-part-2","status":"publish","type":"insight","link":"https:\/\/www.expanamarkets.com\/insights\/article\/metal-prices-update-part-2\/","title":{"rendered":"This week in industrials- the week of November 18, 2024\u00a0"},"content":{"rendered":"\n<!-- .module.article-rich-text: start -->\n<div id=\"\" class=\"module article-rich-text pt-40 md:pt-64 xl:pt-80 pb-40 md:pb-64 xl:pb-80 hidden show-small:block show-medium:block show-large:block [p_+_p]:mb-24\">\n\t<h2><span data-contrast=\"none\">Metal prices for packaging metals moved in different directions in October<\/span><span data-ccp-props=\"{&quot;201341983&quot;:0,&quot;335551550&quot;:6,&quot;335551620&quot;:6,&quot;335559740&quot;:276}\">\u00a0<\/span><\/h2>\n<p><span data-contrast=\"none\">Artem Segen<\/span><span data-ccp-props=\"{&quot;201341983&quot;:0,&quot;335551550&quot;:6,&quot;335551620&quot;:6,&quot;335559740&quot;:276}\">\u00a0<\/span><\/p>\n<p><span data-contrast=\"auto\">The price of <\/span><span data-contrast=\"auto\">3m futures aluminum at LME <\/span><span data-contrast=\"auto\">increased by<\/span><span data-contrast=\"auto\"> 6.2% m-o-m to $2,621\/mt in October. <\/span><span data-contrast=\"auto\">Market players were waiting for more significant stimulus measures from the Chinese government, so expectations for future aluminum and metal prices consumption growth softened during October.<\/span><span data-contrast=\"auto\"> Nevertheless, the strong fundamental driver of aluminum prices was the continued rise in raw material prices on the back of low supply in China, affecting the global market.\u00a0<\/span><span data-ccp-props=\"{&quot;335551550&quot;:6,&quot;335551620&quot;:6,&quot;335559738&quot;:20,&quot;335559739&quot;:20}\">\u00a0<\/span><\/p>\n<p><span data-contrast=\"auto\">November 15 the aluminum market was shaken by news of China&#8217;s cancellation of export tax incentives, which was reflected in a 6% rise for the day. The world market could face a shortage of aluminum if exports from China decline. Market sources believe that the rising trend of aluminum prices will continue in November.<\/span><span data-ccp-props=\"{&quot;335551550&quot;:6,&quot;335551620&quot;:6,&quot;335559738&quot;:20,&quot;335559739&quot;:20}\">\u00a0<\/span><\/p>\n<p><span data-contrast=\"auto\">Prices for aluminum packaging products for <a href=\"https:\/\/www.expanamarkets.com\/markets\/metals-industrials\/metals\/\">metal prices<\/a> continued to rise in October, supported by higher LME aluminum prices: prices for aluminum cans from stock in the EU rose by 3% m-o-m, aluminum foil prices rose by 6% m-o-m; in the US prices for aluminum cans and for aluminum foil rose by 2% m-o-m. <\/span><span data-ccp-props=\"{&quot;335551550&quot;:6,&quot;335551620&quot;:6,&quot;335559738&quot;:20,&quot;335559739&quot;:20}\">\u00a0<\/span><\/p>\n<p><span data-contrast=\"auto\">In October, the average price of US HRC at CME decreased by 1.1% m-o-m and declined by 10.6% y-o-y to $844\/mt; the average price of EU HRC decreased by 4.3% m-o-m and declined by 10.9% y-o-y to \u20ac556\/mt. Despite weak steel demand in the US and EU markets, the pressure of cheap imports from Asia is easing as steel prices in China remain high. In addition, the cost of iron ore and coking coal in China is also relatively high, which is reflected in rising raw material costs in the US and EU, as the global benchmark for steel raw material prices is China.<\/span><span data-ccp-props=\"{&quot;335551550&quot;:6,&quot;335551620&quot;:6,&quot;335559738&quot;:20,&quot;335559739&quot;:20}\">\u00a0<\/span><\/p>\n<p><span data-contrast=\"auto\">Demand for tinplate remains weak globally, but higher HRC prices in China were mirrored by a 10% m-o-m rise in domestic prices in October. Higher import prices were reflected in a 6% m-o-m increase in EU spot prices for tinplate in October, while in the US market tinplate prices rose by 9% m-o-m.\u00a0\u00a0<\/span><span data-ccp-props=\"{&quot;201341983&quot;:0,&quot;335551550&quot;:6,&quot;335551620&quot;:6,&quot;335559740&quot;:276}\">\u00a0<\/span><\/p>\n<p><b><span data-contrast=\"none\">Want to dig into further insights? Discover more on\u00a0<\/span><\/b><a href=\"https:\/\/www.expanamarkets.com\/insights\/weekly-market-markets\/\"><b><span data-contrast=\"none\">our insights page.<\/span><\/b><\/a><b><span data-contrast=\"none\">\u00a0\u00a0<\/span><\/b><span data-contrast=\"auto\">\u00a0\u00a0<\/span><span data-ccp-props=\"{&quot;201341983&quot;:0,&quot;335551550&quot;:6,&quot;335551620&quot;:6,&quot;335559740&quot;:276}\">\u00a0<\/span><\/p>\n\t<\/div>\n\t<!-- .module.article-rich-text: end -->","protected":false},"excerpt":{"rendered":"","protected":false},"author":8,"featured_media":2798,"template":"","tags":[118,197,164,120],"insight-theme":[166],"insight_topic":[165],"news_topic":[],"class_list":["post-7247","insight","type-insight","status-publish","has-post-thumbnail","hentry","tag-economics","tag-featured","tag-industrials","tag-metals-and-industrials","insight-theme-weekly-market-insights","insight_topic-industrials-and-metals"],"acf":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v27.6 (Yoast SEO v27.6) - https:\/\/yoast.com\/product\/yoast-seo-premium-wordpress\/ -->\n<title>Metal Prices on the Rise: Impact of Chinese Government Measures<\/title>\n<meta name=\"description\" content=\"Discover the latest trends in metal prices, including the recent rise in aluminum prices due to low supply in China.\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.expanamarkets.com\/insights\/article\/metal-prices-update-part-2\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:description\" content=\"Discover the latest trends in metal prices, including the recent rise in aluminum prices due to low supply in China.\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.expanamarkets.com\/insights\/article\/metal-prices-update-part-2\/\" \/>\n<meta property=\"og:site_name\" content=\"Expana\" \/>\n<meta property=\"article:modified_time\" content=\"2025-05-25T09:19:51+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/www.expanamarkets.com\/wp-content\/uploads\/2024\/06\/Texture_Metals_Industrials.jpg\" \/>\n\t<meta property=\"og:image:width\" content=\"800\" \/>\n\t<meta property=\"og:image:height\" content=\"534\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/jpeg\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:label1\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data1\" content=\"2 minutes\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\\\/\\\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\\\/\\\/www.expanamarkets.com\\\/insights\\\/article\\\/metal-prices-update-part-2\\\/#article\",\"isPartOf\":{\"@id\":\"https:\\\/\\\/www.expanamarkets.com\\\/insights\\\/article\\\/metal-prices-update-part-2\\\/\"},\"author\":{\"name\":\"Nick Wood\",\"@id\":\"https:\\\/\\\/www.expanamarkets.com\\\/#\\\/schema\\\/person\\\/f1466d9763963d36ef8326828f43f0b1\"},\"headline\":\"This week in industrials- the week of November 18, 2024\u00a0\",\"datePublished\":\"2024-11-19T11:59:00+00:00\",\"dateModified\":\"2025-05-25T09:19:51+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\\\/\\\/www.expanamarkets.com\\\/insights\\\/article\\\/metal-prices-update-part-2\\\/\"},\"wordCount\":8,\"publisher\":{\"@id\":\"https:\\\/\\\/www.expanamarkets.com\\\/#organization\"},\"image\":{\"@id\":\"https:\\\/\\\/www.expanamarkets.com\\\/insights\\\/article\\\/metal-prices-update-part-2\\\/#primaryimage\"},\"thumbnailUrl\":\"https:\\\/\\\/www.expanamarkets.com\\\/wp-content\\\/uploads\\\/2024\\\/06\\\/Texture_Metals_Industrials.jpg\",\"keywords\":[\"Economics\",\"Featured\",\"Industrials\",\"Metals &amp; industrials\"],\"inLanguage\":\"en-US\",\"description\":\"\"},{\"@type\":\"WebPage\",\"@id\":\"https:\\\/\\\/www.expanamarkets.com\\\/insights\\\/article\\\/metal-prices-update-part-2\\\/\",\"url\":\"https:\\\/\\\/www.expanamarkets.com\\\/insights\\\/article\\\/metal-prices-update-part-2\\\/\",\"name\":\"Metal Prices on the Rise: Impact of Chinese Government Measures\",\"isPartOf\":{\"@id\":\"https:\\\/\\\/www.expanamarkets.com\\\/#website\"},\"primaryImageOfPage\":{\"@id\":\"https:\\\/\\\/www.expanamarkets.com\\\/insights\\\/article\\\/metal-prices-update-part-2\\\/#primaryimage\"},\"image\":{\"@id\":\"https:\\\/\\\/www.expanamarkets.com\\\/insights\\\/article\\\/metal-prices-update-part-2\\\/#primaryimage\"},\"thumbnailUrl\":\"https:\\\/\\\/www.expanamarkets.com\\\/wp-content\\\/uploads\\\/2024\\\/06\\\/Texture_Metals_Industrials.jpg\",\"datePublished\":\"2024-11-19T11:59:00+00:00\",\"dateModified\":\"2025-05-25T09:19:51+00:00\",\"description\":\"Discover the latest trends in metal prices, including the recent rise in aluminum prices due to low supply in China.\",\"breadcrumb\":{\"@id\":\"https:\\\/\\\/www.expanamarkets.com\\\/insights\\\/article\\\/metal-prices-update-part-2\\\/#breadcrumb\"},\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"ReadAction\",\"target\":[\"https:\\\/\\\/www.expanamarkets.com\\\/insights\\\/article\\\/metal-prices-update-part-2\\\/\"]}]},{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\\\/\\\/www.expanamarkets.com\\\/insights\\\/article\\\/metal-prices-update-part-2\\\/#primaryimage\",\"url\":\"https:\\\/\\\/www.expanamarkets.com\\\/wp-content\\\/uploads\\\/2024\\\/06\\\/Texture_Metals_Industrials.jpg\",\"contentUrl\":\"https:\\\/\\\/www.expanamarkets.com\\\/wp-content\\\/uploads\\\/2024\\\/06\\\/Texture_Metals_Industrials.jpg\",\"width\":800,\"height\":534,\"caption\":\"Metal mesh\"},{\"@type\":\"BreadcrumbList\",\"@id\":\"https:\\\/\\\/www.expanamarkets.com\\\/insights\\\/article\\\/metal-prices-update-part-2\\\/#breadcrumb\",\"itemListElement\":[{\"@type\":\"ListItem\",\"position\":1,\"name\":\"Home\",\"item\":\"https:\\\/\\\/www.expanamarkets.com\\\/\"},{\"@type\":\"ListItem\",\"position\":2,\"name\":\"This week in industrials- the week of November 18, 2024\u00a0\"}]},{\"@type\":\"WebSite\",\"@id\":\"https:\\\/\\\/www.expanamarkets.com\\\/#website\",\"url\":\"https:\\\/\\\/www.expanamarkets.com\\\/\",\"name\":\"Expana\",\"description\":\"Your market intelligence partner\",\"publisher\":{\"@id\":\"https:\\\/\\\/www.expanamarkets.com\\\/#organization\"},\"potentialAction\":[{\"@type\":\"SearchAction\",\"target\":{\"@type\":\"EntryPoint\",\"urlTemplate\":\"https:\\\/\\\/www.expanamarkets.com\\\/?s={search_term_string}\"},\"query-input\":{\"@type\":\"PropertyValueSpecification\",\"valueRequired\":true,\"valueName\":\"search_term_string\"}}],\"inLanguage\":\"en-US\"},{\"@type\":\"Organization\",\"@id\":\"https:\\\/\\\/www.expanamarkets.com\\\/#organization\",\"name\":\"Expana\",\"url\":\"https:\\\/\\\/www.expanamarkets.com\\\/\",\"logo\":{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\\\/\\\/www.expanamarkets.com\\\/#\\\/schema\\\/logo\\\/image\\\/\",\"url\":\"https:\\\/\\\/www.expanamarkets.com\\\/wp-content\\\/uploads\\\/2024\\\/06\\\/expana-logo.png\",\"contentUrl\":\"https:\\\/\\\/www.expanamarkets.com\\\/wp-content\\\/uploads\\\/2024\\\/06\\\/expana-logo.png\",\"width\":696,\"height\":696,\"caption\":\"Expana\"},\"image\":{\"@id\":\"https:\\\/\\\/www.expanamarkets.com\\\/#\\\/schema\\\/logo\\\/image\\\/\"},\"sameAs\":[\"https:\\\/\\\/www.linkedin.com\\\/company\\\/expanamarkets\\\/\"],\"description\":\"Expana is a commodity intelligence solution that transforms market data into smarter decisions for agrifood and related sectors.\",\"legalName\":\"Expana\",\"foundingDate\":\"1858-01-01\",\"numberOfEmployees\":{\"@type\":\"QuantitativeValue\",\"minValue\":\"201\",\"maxValue\":\"500\"}},{\"@type\":\"Person\",\"@id\":\"https:\\\/\\\/www.expanamarkets.com\\\/#\\\/schema\\\/person\\\/f1466d9763963d36ef8326828f43f0b1\",\"name\":\"Nick Wood\",\"sameAs\":[\"https:\\\/\\\/www.expanamarkets.com\\\/\"],\"url\":\"https:\\\/\\\/www.expanamarkets.com\\\/authors\\\/nicholas-wood\\\/\"}]}<\/script>\n<!-- \/ Yoast SEO Premium plugin. -->","yoast_head_json":{"title":"Metal Prices on the Rise: Impact of Chinese Government Measures","description":"Discover the latest trends in metal prices, including the recent rise in aluminum prices due to low supply in China.","robots":{"index":"index","follow":"follow","max-snippet":"max-snippet:-1","max-image-preview":"max-image-preview:large","max-video-preview":"max-video-preview:-1"},"canonical":"https:\/\/www.expanamarkets.com\/insights\/article\/metal-prices-update-part-2\/","og_locale":"en_US","og_type":"article","og_description":"Discover the latest trends in metal prices, including the recent rise in aluminum prices due to low supply in China.","og_url":"https:\/\/www.expanamarkets.com\/insights\/article\/metal-prices-update-part-2\/","og_site_name":"Expana","article_modified_time":"2025-05-25T09:19:51+00:00","og_image":[{"width":800,"height":534,"url":"https:\/\/www.expanamarkets.com\/wp-content\/uploads\/2024\/06\/Texture_Metals_Industrials.jpg","type":"image\/jpeg"}],"twitter_card":"summary_large_image","twitter_misc":{"Est. reading time":"2 minutes"},"schema":{"@context":"https:\/\/schema.org","@graph":[{"@type":"Article","@id":"https:\/\/www.expanamarkets.com\/insights\/article\/metal-prices-update-part-2\/#article","isPartOf":{"@id":"https:\/\/www.expanamarkets.com\/insights\/article\/metal-prices-update-part-2\/"},"author":{"name":"Nick Wood","@id":"https:\/\/www.expanamarkets.com\/#\/schema\/person\/f1466d9763963d36ef8326828f43f0b1"},"headline":"This week in industrials- the week of November 18, 2024\u00a0","datePublished":"2024-11-19T11:59:00+00:00","dateModified":"2025-05-25T09:19:51+00:00","mainEntityOfPage":{"@id":"https:\/\/www.expanamarkets.com\/insights\/article\/metal-prices-update-part-2\/"},"wordCount":8,"publisher":{"@id":"https:\/\/www.expanamarkets.com\/#organization"},"image":{"@id":"https:\/\/www.expanamarkets.com\/insights\/article\/metal-prices-update-part-2\/#primaryimage"},"thumbnailUrl":"https:\/\/www.expanamarkets.com\/wp-content\/uploads\/2024\/06\/Texture_Metals_Industrials.jpg","keywords":["Economics","Featured","Industrials","Metals &amp; industrials"],"inLanguage":"en-US","description":""},{"@type":"WebPage","@id":"https:\/\/www.expanamarkets.com\/insights\/article\/metal-prices-update-part-2\/","url":"https:\/\/www.expanamarkets.com\/insights\/article\/metal-prices-update-part-2\/","name":"Metal Prices on the Rise: Impact of Chinese Government Measures","isPartOf":{"@id":"https:\/\/www.expanamarkets.com\/#website"},"primaryImageOfPage":{"@id":"https:\/\/www.expanamarkets.com\/insights\/article\/metal-prices-update-part-2\/#primaryimage"},"image":{"@id":"https:\/\/www.expanamarkets.com\/insights\/article\/metal-prices-update-part-2\/#primaryimage"},"thumbnailUrl":"https:\/\/www.expanamarkets.com\/wp-content\/uploads\/2024\/06\/Texture_Metals_Industrials.jpg","datePublished":"2024-11-19T11:59:00+00:00","dateModified":"2025-05-25T09:19:51+00:00","description":"Discover the latest trends in metal prices, including the recent rise in aluminum prices due to low supply in China.","breadcrumb":{"@id":"https:\/\/www.expanamarkets.com\/insights\/article\/metal-prices-update-part-2\/#breadcrumb"},"inLanguage":"en-US","potentialAction":[{"@type":"ReadAction","target":["https:\/\/www.expanamarkets.com\/insights\/article\/metal-prices-update-part-2\/"]}]},{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/www.expanamarkets.com\/insights\/article\/metal-prices-update-part-2\/#primaryimage","url":"https:\/\/www.expanamarkets.com\/wp-content\/uploads\/2024\/06\/Texture_Metals_Industrials.jpg","contentUrl":"https:\/\/www.expanamarkets.com\/wp-content\/uploads\/2024\/06\/Texture_Metals_Industrials.jpg","width":800,"height":534,"caption":"Metal mesh"},{"@type":"BreadcrumbList","@id":"https:\/\/www.expanamarkets.com\/insights\/article\/metal-prices-update-part-2\/#breadcrumb","itemListElement":[{"@type":"ListItem","position":1,"name":"Home","item":"https:\/\/www.expanamarkets.com\/"},{"@type":"ListItem","position":2,"name":"This week in industrials- the week of November 18, 2024\u00a0"}]},{"@type":"WebSite","@id":"https:\/\/www.expanamarkets.com\/#website","url":"https:\/\/www.expanamarkets.com\/","name":"Expana","description":"Your market intelligence partner","publisher":{"@id":"https:\/\/www.expanamarkets.com\/#organization"},"potentialAction":[{"@type":"SearchAction","target":{"@type":"EntryPoint","urlTemplate":"https:\/\/www.expanamarkets.com\/?s={search_term_string}"},"query-input":{"@type":"PropertyValueSpecification","valueRequired":true,"valueName":"search_term_string"}}],"inLanguage":"en-US"},{"@type":"Organization","@id":"https:\/\/www.expanamarkets.com\/#organization","name":"Expana","url":"https:\/\/www.expanamarkets.com\/","logo":{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/www.expanamarkets.com\/#\/schema\/logo\/image\/","url":"https:\/\/www.expanamarkets.com\/wp-content\/uploads\/2024\/06\/expana-logo.png","contentUrl":"https:\/\/www.expanamarkets.com\/wp-content\/uploads\/2024\/06\/expana-logo.png","width":696,"height":696,"caption":"Expana"},"image":{"@id":"https:\/\/www.expanamarkets.com\/#\/schema\/logo\/image\/"},"sameAs":["https:\/\/www.linkedin.com\/company\/expanamarkets\/"],"description":"Expana is a commodity intelligence solution that transforms market data into smarter decisions for agrifood and related sectors.","legalName":"Expana","foundingDate":"1858-01-01","numberOfEmployees":{"@type":"QuantitativeValue","minValue":"201","maxValue":"500"}},{"@type":"Person","@id":"https:\/\/www.expanamarkets.com\/#\/schema\/person\/f1466d9763963d36ef8326828f43f0b1","name":"Nick Wood","sameAs":["https:\/\/www.expanamarkets.com\/"],"url":"https:\/\/www.expanamarkets.com\/authors\/nicholas-wood\/"}]}},"_links":{"self":[{"href":"https:\/\/www.expanamarkets.com\/wp-json\/wp\/v2\/insight\/7247","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.expanamarkets.com\/wp-json\/wp\/v2\/insight"}],"about":[{"href":"https:\/\/www.expanamarkets.com\/wp-json\/wp\/v2\/types\/insight"}],"author":[{"embeddable":true,"href":"https:\/\/www.expanamarkets.com\/wp-json\/wp\/v2\/users\/8"}],"version-history":[{"count":0,"href":"https:\/\/www.expanamarkets.com\/wp-json\/wp\/v2\/insight\/7247\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.expanamarkets.com\/wp-json\/wp\/v2\/media\/2798"}],"wp:attachment":[{"href":"https:\/\/www.expanamarkets.com\/wp-json\/wp\/v2\/media?parent=7247"}],"wp:term":[{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.expanamarkets.com\/wp-json\/wp\/v2\/tags?post=7247"},{"taxonomy":"insight-theme","embeddable":true,"href":"https:\/\/www.expanamarkets.com\/wp-json\/wp\/v2\/insight-theme?post=7247"},{"taxonomy":"insight_topic","embeddable":true,"href":"https:\/\/www.expanamarkets.com\/wp-json\/wp\/v2\/insight_topic?post=7247"},{"taxonomy":"news_topic","embeddable":true,"href":"https:\/\/www.expanamarkets.com\/wp-json\/wp\/v2\/news_topic?post=7247"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}