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Aluminium: seasonality, event history and insights

In October, Aluminium has averaged +0.11% and risen in 56% of 34 years (1992 to 2025). We rate the October pattern as no clear pattern.

Latest monthly average: 3,158.27 (2026-07), -8.16% on the month.

+1.9%+1.0%-1.0%-1.9%Jan: average +1.91%, up in 62% of 34 yearsJanFeb: average +0.97%, up in 57% of 35 yearsFebMar: average +0.10%, up in 49% of 35 yearsMarApr: average +0.63%, up in 51% of 35 yearsAprMay: average -0.65%, up in 46% of 35 yearsMayJun: average -1.16%, up in 40% of 35 yearsJunJul: average +0.88%, up in 66% of 35 yearsJulAug: average +0.27%, up in 47% of 34 yearsAugSep: average -0.21%, up in 50% of 34 yearsSepOct: average +0.11%, up in 56% of 34 yearsOctNov: average +0.52%, up in 47% of 34 yearsNovDec: average +0.89%, up in 59% of 34 yearsDec
Aluminium: average return by calendar month, 1992 to 2026. Solid bars held the same direction in both halves of the sample; faded bars did not.

Month by month

MonthAverageMedianUp yearsLast 10 yearsBestWorstYearsPattern
January+1.91%+1.44%62%+3.21%+11.52% 2022-5.59% 200934strong
February+0.97%+0.50%57%+0.70%+13.39% 2008-7.93% 201035no clear pattern
March+0.10%-0.02%49%+1.33%+10.04% 2026-6.93% 201335no clear pattern
April+0.63%+1.04%51%+0.77%+12.10% 2024-10.70% 202535no clear pattern
May-0.65%-0.44%46%-0.40%+8.70% 2006-12.55% 202235no clear pattern
June-1.16%-1.14%40%-1.68%+7.70% 2009-12.66% 200635weak
July+0.88%+2.08%66%-1.53%+6.68% 1999-8.16% 202635no clear pattern
August+0.27%-0.23%47%+1.25%+15.39% 2009-9.94% 200834no clear pattern
September-0.21%-0.46%50%+0.94%+11.98% 2012-8.63% 200834no clear pattern
October+0.11%+0.60%56%+2.47%+7.87% 2010-15.93% 200834no clear pattern
November+0.52%-0.29%47%+0.30%+11.31% 1994-12.48% 200834no clear pattern
December+0.89%+1.24%59%+0.58%+11.49% 2009-18.99% 200834no clear pattern

Returns from the last close of the previous month to the last close of the month. IMF monthly average price, via FRED. Source: FRED (PALUMUSDM). Download monthly data (CSV).

What drives Aluminium

Sell in May for Aluminium

From 1993 to 2025, the November to April half averaged +4.36% and the May to October half +0.38%. The winter half did better in 58% of 33 years. Compare all markets.

Year by year

YearJanFebMarAprMayJunJulAugSepOctNovDec
20269.0-2.210.06.61.8-6.0-8.2
20251.23.3-0.2-10.73.43.23.2-0.32.15.20.92.0
20240.4-1.02.312.12.7-2.7-5.90.14.55.6-0.5-1.6
20234.0-3.2-5.01.8-2.7-3.9-1.1-1.12.30.40.4-0.5
202211.58.07.8-7.2-12.6-9.3-6.51.1-8.61.44.22.0
2021-0.53.75.45.95.00.52.14.28.93.5-10.22.2
20200.1-4.8-4.6-9.40.47.04.85.80.33.67.24.1
2019-3.50.50.4-1.4-3.5-1.42.3-3.10.7-1.62.8-0.2
20186.2-1.3-5.29.02.0-2.7-6.9-1.5-1.20.2-4.5-0.9
20173.73.92.21.0-0.4-1.40.96.73.31.7-1.6-0.8
2016-1.13.4-0.02.6-1.32.82.20.6-2.94.64.3-0.5
2015-5.00.2-2.42.6-0.8-6.5-2.9-5.62.7-4.6-3.22.0
2014-0.7-1.90.66.2-3.35.06.04.2-2.0-2.25.6-7.1
2013-2.40.8-6.9-2.6-1.5-1.0-2.52.6-3.03.0-3.7-0.5
20126.32.6-1.1-6.2-2.2-5.8-0.5-1.812.0-4.3-1.37.1
20113.53.11.64.4-3.0-1.1-1.3-5.7-3.7-4.9-4.6-2.7

Monthly change in percent. Most recent years at the top.

Latest insights on Aluminium

No insights here yet. New ones arrive every weekday morning.

Questions

What is the best month for Aluminium?

Since 1992, January has had the highest average move for Aluminium at +1.91%, rising in 62% of 34 years. July has the highest share of positive years (66%).

What is the worst month for Aluminium?

June has had the weakest average move at -1.16%, rising in 40% of 35 years.

How does Aluminium usually do in October?

Aluminium has averaged +0.11% in October (median +0.60%), rising in 56% of 34 years. We rate the pattern as no clear pattern.

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Not investment advice. Market Seasonality publishes historical statistics, news summaries and scenario analysis for information and education. Past patterns do not guarantee future results. Nothing here is a recommendation to buy, sell or hold any asset, and scenarios describe possible paths without predicting them. See the disclaimer and methodology.