Leading indicators identified with Indicio
Forecasted variable: London Metal Exchange (LME)-Aluminium 99.7% Cash United States Dollar Per Metric Tonne
| Indicator | Relevance |
|---|---|
| United States, Manufacturers New Orders, Durable Goods, Aluminium and Nonferrous Metals | ★★★ |
| China, Production, by Commodity, Aluminium Products, Growth Rate, Cumulative, Change y/y | ★★ |
| Aluminium-Stocks London Metal Exchange (LME) in Warehouses-Metric Tonne | ★★ |
| Bloomberg Aluminum 3 Month Forward Excess Return | ★ |
| European Energy Exchange(EEX) - Phelix Base Hour 01-24 Euro/Megawatt Hour | ★ |
| London Metal Exchange (LME)-Aluminium 99.7% 3 Months United States Dollar Per Metric Tonne | ★ |
| Google trends: aluminium price | – |
| Nordpool ASA Elspot Base Fixing System Price - Average in Norwegian Krone | – |
| Amsterdam Power Exchange(APX) Electricity Netherlands Average All Hours | – |
| London Metal Exchange (LME)-North American Special Aluminium Alloy Short Ton Louis Warehouse Stocks | – |
| London Metal Exchange (LME)-North American Special Aluminium Alloy Chicago Warehouse Stocks | – |
| London Metal Exchange (LME)-Aluminium Baltimore Warehouse | – |
| London Metal Exchange (LME)-North American Special Aluminium Alloy Baltimore Warehouse Stocks | – |
| London Metal Exchange (LME)-Aluminium Bilbao Warehouse Stocks | – |
| Georgia, Exports, Commodities, Aluminium Waste and Scrap, USD | – |
| London Metal Exchange (LME)-Aluminium Alloy Genoa Warehouse | – |
Indicio captures the group effect of the leading indicators; the relevance ranking of each indicator changes over time.
Indicio captures the group effect of the leading indicators. The relevance ranking of each indicator changes over time.
- Request to view full forecast
United States, Manufacturers New Orders, Durable Goods, Aluminium and Nonferrous Metals, Current Prices, SA, USD
Manufacturer orders for aluminum signal expected growth in production, which requires a steady supply of raw materials.
China, Production, by Commodity, Aluminium Products, Growth Rate, Cumulative, Change y/y
This indicator tracks shifts in the supply-demand balance. When output grows faster than domestic demand, the surplus can push prices down.
Aluminium-Stocks London Metal Exchange (LME) in Warehouses-Metric Tonne
LME warehouse stock levels show how much physical aluminum is available for delivery. Tracking them helps gauge supply availability and its possible effect on prices.
“Indicio has continuously improved our forecasts and added features that automate and support our business process.”
Here's how a company in the commodities sector improved its forecasting process & accuracy by more than 50%
Customer success story
By moving from using the same 5 indicators to testing a large set of indicators, the company got immediate feedback on which indicators to use for each forecast, letting it track market trend shifts more frequently.