According to SMM statistics, as of September 17, aluminium billet inventory in major domestic consumption areas recorded 152,500 tonnes, down 500 tonnes from last Thursday (September 10) and down 5,000 tonnes from this Monday (September 14). The persistent upward trend in inventory since mid-August has shifted slightly, turning into a modest pullback from highs. On a Y-o-Y basis, inventory was approximately 17,500 tonnes higher than the same period in 2025, about 31,000 tonnes higher than 2024, and roughly 61,000 tonnes higher than 2023, with total inventory still at the highest level for the same period over the past four years. From the perspective of warehouse withdrawals, aluminium billet withdrawals during September 7–September 14 recorded 38,900 tonnes, up 2,800 tonnes W-o-W, ending...
Saudi Arabia’s aluminium consumption could climb to as much as 1.8 million tonnes a year by 2030, as the Kingdom ramps up infrastructure and industrial development ahead of the 2034 FIFA World Cup. Ahmad Al-Alshaikh, executive vice president of Maaden’s Aluminum Business Unit, said demand is expected to reach at least 1.6 million tonnes annually by 2030, up from around 1 million tonnes currently. Consumption could potentially double over the next five to seven years, he said. Speaking on the sidelines of the Fastmarkets International Aluminium Conference in Budapest, Al-Alshaikh said construction of 15 new stadiums for the football tournament is helping to support aluminium demand, Reuters reported. Major exhibitions and preparations for the World Cup are also expected to contribute to...
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Three-month LME aluminium closed at US$3,170 per tonne, down 0.16 percent. LME aluminium cash (bid) price descended by US$3.5 or by 0.11 percent to close at US$3,175.50 per tonne. LME aluminium official settlement price decreased by US$4 or by 0.12 percent to total at US$3,176 per tonne. 3-month bid price and 3-month offer price was recorded at US$3,194 per tonne and US$3,195 per tonne. December 22 bid price stood at US$3,048 per tonne and the offer price for the same day was found to be US$3,053 per tonne. LME aluminium opening stock for October 19 closed at 1103275 tonnes. Live warrants for the same day settled at 625250 tonnes and cancelled warrants closed at 478025 tonnes. LME aluminium 3-month Asian Reference Price for Tuesday, October 19, totalled at US$3204.64 per tonne. SHFE...
After hiking for the last three days exceeding RMB 24,000 per tonne, A00 aluminium ingot price in China has recorded a sharp fall of RMB 1,120 per tonne to come at the level of RMB 23,000 per tonne. According to the Shanghai Metals Market data, A00 aluminium ingot price has settled at RMB 23,120 per tonne on Wednesday, October 20. The average prices are expected to range between RMB 23,100 per tonne and RMB 23,140 per tonne, with spot contract to be traded at a premium price of RMB 160-120 per tonne. In Linyi and Tianjin, primary aluminium ingot price has decreased by RMB 1,150 per tonne and RMB 1,140 per tonne to stand at RMB 23,000 per tonne and RMB 23,050 per tonne, respectively. In Foshan and Wuxi, the price has plunged by RMB 1,130 per tonne and RMB 1,125 per tonne to peg at RMB...
The Chairman and Managing Director of the National Aluminium Company Limited (NALCO), Sridhar Patra expects that the demand for aluminium to expand by 5% - 6%. On 18 th October 2021, the aluminium stocks picked up as the world aluminium market witnessed a huge upsurge supported by the statement from the world's eighth-largest aluminium producer, Alcoa. The American multinational corporation, Alcoa was up 15% proceeding to its numbers, so on 18 th October 2021 aluminium stocks were a major point of discussion. Furthermore, global investment bank and financial services firm Credit Suisse has also stated that it remains most bullish on aluminium from the base metals pack. Sridhar Patra, Nalco CMD said: “With the curtailment of production by the majors (like China and European Union) and...
According to the data released by the National Bureau of Statistics, China, the world’s top producer of aluminium, churned out 3.08 million tonnes of primary aluminium. That was down by 2.4 per cent from 3.155 million tonnes a month ago and 2.1 per cent year-on-year, marking the fifth consecutive month of downfall caused by ongoing electricity shortages. Several Chinese regions imposed restrictions on power usage this year for energy-intensive industries, including aluminium, to ease tight electricity supply and meet energy consumption targets. The output in September was at its lowest monthly level since June 2020, showed NBS. On a daily basis, the production in September was at 102,667 tonnes per day, which was, however, an increase of 0.88 per cent from 101,770 tonnes a month ago. BMO...
According to the data shared by the General Administration of Customs on Monday, October 18, China’s aluminium imports rose 2.2 per cent month-on-month to stand at 252,921 tonnes in September 2021. That included both primary and unwrought, alloyed aluminium. In August 2021, China imported 247,547 tonnes of aluminium. Curbs on domestic aluminium production due to tight electricity supply in China increased the demand for overseas metal, resulting in a rise in imports. However, on a year-on-year calculation, the imports in September were down by 28.9 per cent, showed the data. China imported record volumes of aluminium in 2020 because of the rapid recovery in Chinese demand after the coronavirus outbreak opened up the arbitrage window for cheaper metal to flow in from overseas. Also,...
A00 aluminium ingot price in China has extended its growth for the third day in a row to reach RMB 24,240 per tonne on October 19. According to the Shanghai Metals Market, the price has grown by RMB 140 per tonne. The average prices are expected to range between RMB 24,220 per tonne and RMB 24,260 per tonne, with spot contract likely to be traded at a premium price of RMB 140-100 per tonne. In Tianjin and Linyi, A00 aluminium ingot price has hiked by RMB 180 per tonne to stand at RMB 22,800 per tonne. The price in Gongyi has also increased by RMB 180 per tonne to come in at RMB 22,660 per tonne. In Shenyang and Chongqing, primary aluminium ingot price has increased by RMB 155 per tonne and RMB 145 per tonne, respectively to close at RMB 24,190 per tonne, while the price in Foshan and...
Three-month LME aluminium closed at US$3,170 per tonne, down 0.16 percent. On Monday, October 18, both LME aluminium cash (bid) price and LME aluminium official settlement price increased by US$17 or by 0.53 percent to settle at US$3,179 per tonne and US$3,180 per tonne. 3-month bid price and 3-month offer price settled at US$3,198 per tonne and US$3,200 per tonne. December 22 bid price was recorded at US$3,040 per tonne and the offer price for the same day totalled at US$3,045 per tonne. LME aluminium opening stock for October 18 settled at 1111525 tonnes. Live warrants for the same day totalled at 625250 tonnes and cancelled warrants stood at 486275 tonnes. LME aluminium 3-month Asian Reference Price for Monday, October 18, totalled at US$3220.88 per tonne. SHFE Aluminium Price Trend On...
National Aluminium Company Limited has significantly increased its aluminium ingot and aluminium products prices, in line with a new leap of LME aluminium benchmark price. With effect from Friday, October 15, NALCO’s aluminium ingot price came in at INR 271,850-275,350 per tonne, up by INR 24,300 per tonne or 9.8 per cent from INR 247,550- 251,050 per tonne on October 7. NALCO’s aluminium products prices have also seen a surge of INR 24,300 per tonne, with effect from October 15. That brought the company’s aluminium wire rod price to INR 274,350-278,700 per tonne, in comparison with INR 250,050- 254,400 per tonne a week ago. Aluminium billets price has amounted to INR 275,300-277,950 per tonne from INR 251,000- 253,650 per tonne on October 7. NALCO links its aluminium ingot and aluminium...
A00 aluminium ingot price in China has touched a new milestone by exceeding RMB 24,000 per tonne, found the Shanghai Metals Market. On Monday, October 18, the price has jumped by RMB 450 per tonne to come in at RMB 24,100 per tonne. The average prices are expected to range between RMB 24,080 per tonne and RMB 24,120 per tonne, with spot contract to be traded at a premium price of RMB 100-60 per tonne. In Foshan, primary aluminium ingot price has also increased by RMB 450 per tonne to stand at RMB 24,100 per tonne, followed by the surge of RMB 430 per tonne in Gongyi to RMB 23,920 per tonne. In Tianjin and Linyi, A00 aluminium ingot price has climbed by RMB 410 per tonne and RMB 380 per tonne to come in at RMB 24,050 per tonne and RMB 24,020 per tonne, while the price in Wuxi and Chongqing...
On 17th September 2021, the Indian state-run coal exploitation and refining company, Coal India Limited (CIL) explicated that supply of the dry fossil fuel to the non-power sector like aluminium, steel, etc. has been diminished, but not completely ceased, as professed by some sectors. As reported by a senior official of CIL, the course of action has been taken to consummate emergency demands for power plants as the country encounters a coal crisis. The CIL official added: “We are regulating supply to meet the sudden jump in demand of coal from the power sector but have not stopped it to non-power consumers. Our daily supplies are more than 2 lakh tonnes to non-power industries against the normal supply of around 3 lakh tonnes.” The Indian manufacturers from various sectors proclaimed...
Three-month LME aluminium opened at US$3,127 per tonne last Friday and closed at US$3,175 per tonne, up 1.15 percent. LME aluminium cash (bid) price moved up by US$10.5 or by 0.33 percent to score at US$3,162 per tonne. LME aluminium official settlement price for the same day ascended by US$11 or by 0.34 percent to settle at US$3,163 per tonne. 3-month bid price and 3-month offer price was recorded at US$3,185 per tonne and US$3,158.50 per tonne. December 22 bid price closed at US$3,013 per tonne and the offer price for the same day settled at US$3,018 per tonne. LME aluminium opening stock for October 15 settled at 1118325 tonnes. Live warrants for the same day closed at 625750 tonnes and cancelled warrants settled at 492575 tonnes. LME aluminium 3-month Asian Reference Price for Friday,...
On 11th October 2021, the London Metal Exchange witnessed the surge of aluminium price as it crossed the $3000 per tonne mark, the highest since July 2008. The mounting pressure on the aluminium sector indicated, as the global metals world prepared to gather in London for the annual LME Week. However, for now, it is also predicted that in the next 12 months prices could hit $3400 per tonne. The stock price of India’s integrated aluminium company Nalco observed a flight of 7% after the data revealed that ace Indian market expert Rakesh Jhunjhunwala acquired a 1.36% stake. Hongqiao’s Chairman Zhang Bo said that they have rolled back the relocation idea due to power restrictions, while 1 million tonnes of capacity had started in Wenshan last year. On 11th October 2021, Hilde Merete Aasheim,...
The LME aluminium benchmark price opened the week on Monday, October 11, at a new milestone of US$3,020 per tonne, a sharp increase of US$118 per tonne from the previous day. The price continued to grow throughout the week to end at US$3,163 per tonne on Friday, October 15. During October 12-14, the LME aluminium price trended up from US$3,052 per tonne to US$3,152 per tonne. 3-month bid price and 3-month offer price jumped from US$3,033 per tonne and US$3,034 per tonne on Monday to US$3,185 per tonne on Friday, October 15. December 22 bid price and December 22 offer price climbed from US$2,903 per tonne and US$2,908 per tonne to US$3,013 per tonne and US$3,018 per tonne. LME aluminium opening stock decreased from 1150225 tonnes to 1118325 tonnes through the week. SHFE Aluminium Price...
The shares of the Govt. of India equity hold majority enterprise, National Aluminium Company Ltd (NALCO) has aroused by approximately 7% following its shareholding pattern data for September quarter revealed an expert investor Rakesh Jhunjhunwala stake. The Government of India holds 51.28% in Nalco, with public shareholding comprising the rest. As per the data of the September quarter, the Indian business magnate and investor, who manages his own portfolio as a partner in his asset management firm, Rare Enterprises Rakesh Jhunjhunwala has acquired a 1.36% stake or 25 million in Nalco. Notwithstanding, the buying price of the Nalco stake by Jhunjhunwala and the date of the purchase are yet to be disclosed. The brokerage firm JP Morgan has elevated the integrated aluminium company to...
Rusal, the Russian aluminium giant and the world’s largest aluminium producer outside China, has reportedly planned to supply 300,000-400,000 tonnes of metal to China in 2021. Compared to the year last, the volume has remained essentially the same. Roman Andryushin, the company's head of sales in Russia, the CIS, and China, said that Rusal would significantly increase the sales to China next year. China is the world’s largest aluminium producer and usually has little demand for overseas supplies. But due to the recovery in domestic demand after the COVID-19 pandemic in comparison with production, China had to import a considerable amount of aluminium last year. Andryushin also noted that Rusal’s total production of aluminium would increase to around 4.3 million tonnes in 2022 due to the...
Environment Southland is spearheading a project to determine the extent and effect of pollution at Tiwai Point, which involves analysing the complete site investigation (DSI) report shared by New Zealand Aluminium Smelters. The DSI study, which details the pollutants discovered at the Tiwai Point aluminium smelter, is an important part of Environment Southland's efforts. According to Rob Phillips, the chief executive of Environment Southland, the DSI report was received by the council in August 2021. Since then, EHS Support, the council's environmental experts, has been analysing the data and will present their findings in late October. "This report is an important part of our broader work programme to determine the extent of contamination at the site. We know there will be further...
According to the Shanghai Metals Market, China’s social inventories of primary aluminium grew this week by 25,000 tonnes across eight major consumption areas, including SHFE warrants. On Thursday, October 14, inventories stood at 887,000 tonnes, primarily contributed by arrivals in Wuxi and Nanhai. Last week, on October 7, the inventories were settled at 862,000 tonnes, gaining 47,000 tonnes week-on-week. The chart below indicates the current status of primary aluminium inventories across China in more detail: In Wuxi, primary aluminium inventories have sharply increased by 13,000 tonnes week-on-week to come in at 296,000 tonnes. In Nanhai, the inventories have climbed by 6,000 tonnes to 268,000 tonnes, and that in Gongyi have grown by 3,000 tonnes to 72,000 tonnes. In Shanghai, Tianjin,...
Three-month LME aluminium opened at US$3,055 per tonne on Thursday morning and ranged between US$3,028-3,174 per tonne before closing at US$3,139 per tonne, up US$84 per tonne or 2.75 percent. On Thursday, October 14, LME aluminium cash (bid) price climbed up by US$76.5 or by 2.48 percent to settle at US$3,151.50 per tonne. LME aluminium official settlement price for the same day soared up by US$76 or by 2.47 percent to close at US$3,152 per tonne. 3-month bid price and 3-month offer price was recorded at US$3,171 per tonne and US$3,172 per tonne. December 22 bid price stood at US$3,002 per tonne and the offer price for the same day closed at US$3,007 per tonne. LME aluminium opening stock for October 14 was recorded at 1126550 tonnes. Live warrants for the same day settled at 629250...
