The aluminum market has become one of the largest commodities on the global forex market at the last years. Before the beginning of 2009 year, aluminum market had experienced the brightest days of its history with more than 3,000 USD price levels. However, with the beginning of 2009, the price of aluminum market decreased under the 1,300 USD level with a strong decrease. So many people had sold their positions of aluminum market. In the second half of 2009, there were some opportunities on the supply side of aluminum market for the traders who are making buying – selling transactions on the global forex market.
Between 2009-2011, the aluminum market showed a consistent positive trend, and become so popular between traders. In the beginning of 2012, the aluminum parity reached to 2,208 USD level with a serious increase. Since 2012, the negative – horizontal trend has been continuing on aluminum market. Aluminum is a kind of important industrial metal, so it’s widely using in lots of different sectors. It’s using as raw material and intermediate goods in different markets of the world.
Finally, we can say the global trade of commodities like aluminum or other has developed so much at the last years. So, everyday hundreds of people are joining to forex market day by day in different countries all around the world under today’s globalizing world conditions.
- Date: 01 November 2016 Tue 14:28
- Last Added
French Presidential elections are affecting the positive atmosphere on Euro
French Presidential elections are affecting the positive atmosphere on Euro...
Inflation rate is testing record levels in Turkey
Inflation rate is testing record levels in Turkey...
Non-farm payrolls data of the USA increased
Non-farm payrolls data of the USA increased...
Fed's politics interest decision gives direction to the global markets
Fed's politics interest decision gives direction to the global markets...
Oil market is trying to find a direction
Oil market is trying to find a direction at the last times....