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Forecasting Aluminium Prices requires analyzing a blend of factors extending beyond industry fundamentals, encompassing broader market conditions, investor sentiment, and economic trends.
Using the Indicio methodology, we've uncovered the most relevant leading indicators driving the prices.
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When manufacturers place new orders for aluminum,
it suggests an anticipated increase in their production activities, which typically requires a sufficient supply of raw materials like aluminum.
This reflects shifts in the demand-supply balance. Higher production growth rates indicate increased output, outpacing domestic demand. This could result in excess supply in the market, leading to lower prices.
The level of aluminum stocks in LME warehouses reflects the physical inventory available for delivery.
Monitoring these stocks helps assess the availability of aluminum in the market & potential impact on prices.
Going from using the same 5 indicators, to testing a large set of indicators, they received immediate feedback on which indicators to use or consider for each forecast.
This also gave them the ability to track market trend shifts at a higher frequency and improve their forecasts.
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We are an automated forecasting software that bridges the latest statistical models from academia with the specific leading indicators in an organization's market environment. Helping your organization achieve the highest forecast accuracy.
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