In August 2026, unwrought aluminium alloy exports were 51,600 tonnes, up 77.6 per cent YoY but down 11.9 per cent M-o-M. Cumulative exports from January to August 2026 were 348,700 tonnes, up 100.1 per cent Y-o-Y. By import source, in August 2026, China’s imports of unwrought aluminium alloy were highly concentrated in Russia and Southeast Asian countries. The top five sources that month—Russia, Malaysia, Thailand, Vietnam, and South Korea—totalled 55,200 tonnes, accounting for 77.2 per cent of total imports. Specifically, Russia ranked first with 18,000 tonnes (25 per cent), followed closely by Malaysia with 17,500 tonnes (24 per cent); Thailand recorded 11,500 tonnes (16 per cent), Vietnam 4,800 tonnes (7 per cent), and South Korea 3,400 tonnes (5 per cent). By export destination, Japan...
Futures: SHFE aluminium closed at RMB 24,375 per tonne in the previous trading session, edging down 0.04 per cent. The price stood above the MA10 (24,304) and MA30 (24,089.5), but slightly below the MA5 (24,258). Short-term moving averages flattened, while the medium-term bullish alignment remained intact, with the market consolidating at highs overall. On the MACD indicator, DIF=129.53 and DEA=139.74. DIF stayed above the zero axis but maintained a death cross, with the histogram at -20.43, indicating weakening bullish momentum and lingering short-term correction pressure. Trading volume rebounded slightly to 54,800 lots, with moderate market activity. The suggested core trading range for SHFE aluminium is 24,000-24,600. LME aluminium closed at USD 3,293.5 per tonne, down 0.20 per cent....
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Press Metal Aluminium Holdings Bhd reported that its net profit doubled in the first quarter of 2021, bolstered by record-high aluminium prices. The company expects the global economy to revive further to drive demand, keeping selling prices at elevated levels. In the first three months of the year ended on March 31, Press Metal’s net profit surged to RM205.7mil or 2.55 sen a share from RM102mil or 1.27 sen a share during the corresponding period year. <iframe width="500" height="320" src="https://www.youtube.com/embed/sHerVzYDOfY" title="YouTube video player" frameborder="0" allow="accelerometer; autoplay; clipboard-write; encrypted-media; gyroscope; picture-in-picture" allowfullscreen></iframe> The company’s revenue rose to RM2.1bil from 1.8bil a year ago, as declared in a filing with...
Primary aluminium inventories have continued to decline to stand below 1 million tonnes. According to the Shanghai Metals Market, social inventories of primary aluminium have decreased by 58,000 tonnes or 5.69 per cent across eight major consumption areas in China, including SHFE warrants, to come in at 962,000 tonnes as of Thursday, May 27. Last week on May 20, primary aluminium inventories stood at 1.02 million tonnes, losing 41,000 stocks across China, showed SMM. The chart below indicates the current status of primary aluminium inventories across China in more details: Wuxi has seen the highest plunge in primary aluminium inventories today of 25,000 tonnes to come in at 386,000 tonnes, followed by the decrease of 24,000 tonnes in Gongyi to 75,000 tonnes. In Hangzhou and Nanhai,...
Three-month LME aluminium rose 1.17 per cent to close at US$ 2,413.5 per tonne on Wednesday, May 26. It is expected that the contract will run upwards and trade between US$ 2,380-2,480 per tonne today. LME aluminium cash (bid) price and LME official settlement price extended growth by US$ 18.50 per tonne or 0.80 per cent to settle at US$ 2,359.50 per tonne on Wednesday, May 26. 3-months bid price and 3-months offer price increased by US$ 20.50 per tonne to stand at US$ 2,393 per tonne. Dec 22 bid price and Dec 22 offer price came in at US$ 2,404 per tonne compared to US$ 2,384.50 per tonne on Tuesday, May 25. The LME aluminium opening stock continued to decline from 1733775 tonnes on May 25 to 1728375 tonnes on May 26. Live Warrants totalled 1144175 tonnes, while Cancelled Warrants stood...
Hydro REIN has teamed up with Equinor and RWE Renewables for offshore wind in Norway. The three companies have signed a collaboration deal to jointly prepare and submit an application to the Norwegian authorities to develop a large-scale bottom-fixed offshore wind farm in the Sørlige Nordsjø II area in the Norwegian North Sea. The Norwegian Ministry of Petroleum and Energy, which recently has opened two areas for offshore renewables (Utsira Nord and Sørlige Nordsjø II), is now working on the licensing process for offshore wind power projects in Norway. “The North Sea has among the world’s best wind resources. A large-scale offshore wind farm at Sørlige Nordsjø II could play a key role in expanding the North Sea as an offshore energy hub and create new industrial opportunities for Norway...
Vedanta has hiked its aluminium products price by more than 1%. With effect from Wednesday, 26 May 2021, the prices of some aluminium ingots have risen by INR 2,500 per tonne, standing at INR 210,250-197,250 per tonne from INR 207,750-194,750 per tonne on May 25. The company’s billets price stands at INR 205,250 per tonne on Wednesday, 26 May 2021, an increase of 1.23% INR 2,500 per tonne or 1.38% from INR 202,750 per tonne on May 25. The Indian aluminium producers generally link prices of its products to the three-month futures of aluminium on London Metal Exchange. The aluminium price on stood at US$ 2,341 per tonne on Tuesday, May 25, an increase from US$ 2,305 per tonne on May 24. Vedanta’s aluminium business typically accounts for one-third of the company’s consolidated sales....
Hindalco Industries Limited has increased its aluminium ingot and aluminium products prices with effect from May 26 after five consecutive cuts in last two weeks. Hindalco is now selling its aluminium ingot at INR 197,500 per tonne as the price has been raised by INR 2,500 per tonne or 1.28 per cent from INR 195,000 per tonne on May 25. Hindalco has also raised its aluminium products prices by INR 2,500 per tonne, bringing its aluminium wire rod price to INR 208,600 per tonne from INR 206,100 per tonne and aluminium billets price to INR 204,600 per tonne from INR 202,100 per tonne. Hindalco links its aluminium ingot and aluminium products prices to the three-month futures of aluminium on the London Metal Exchange, which on May 25 increased by US$ 36 per tonne to come in at US$ 2,341 per...
Three-month LME aluminium fell 0.19% to close at US$2,385.5 per tonne on Tuesday. SMM expects the contract to trade between US$2,350-2,410 per tonne today. As of Tuesday, May 25, LME aluminium cash (bid) price stands at US$ 2341 per tonne, LME official settlement price stands at US$ 2341 per tonne; 3-months bid price stands at US$ 2372.50 per tonne, 3-months offer price is US$ 2372.50 per tonne; Dec 22 bid price stands at US$ 2384.50 per tonne, and Dec 22 offer price stands at US$ 2384.50 per tonne. The LME aluminium opening stock stood at 1733775 tonnes. Live Warrants totalled 1144900 tonnes, and Cancelled Warrants were 588875 tonnes. LME aluminium 3-months Asian Reference Price is hovering at US$ 2382.50 per tonne. SHFE Aluminium Price Trend Benchmark aluminium price for SHFE increased...
Aditya Birla Group company Aditya Aluminium has rendered its support to the Jharsuguda district administration for combating the COVID-19 crisis. According to a report, the smelter-power plant has donated 10 oxygen concentrators, 200 N95 masks, 200 PPE kits, 100 double-layered Sambalpuri cotton masks to the district administration. The company unit head Sameer Nayak handed over the materials to Collector Saroj Kumar Samal in presence of Dr Vivekanand Mishra, unit HR head; Satya Das, ER head; Sweta Upadhayay, CSR head; Bijaya Kumura, HR manager and Manoranjan Behera, CSR Asst Manager among many others. Besides this, Aditya Aluminium has been providing its support to the Sambalpur district administration, Rengali block administration, and the community at large for the past 18 months. It...
According to the Shanghai Metals Market, A00 aluminium ingot price in China has continued to grow by RMB 20 per tonne to come in at RMB 18,390 per tonne on Wednesday, May 26. The average prices are expected to range between RMB 18,370 per tonne and RMB 18,410 per tonne, with spot contract to be traded at a premium price of RMB 0-40 per tonne. However, the hike today in A00 aluminium ingot price has not touched upon all the major markets in China. For instance, in Wuxi and Hangzhou, the price has decreased by RMB 35 per tonne to stand at RMB 18,375 per tonne and RMB 18,385 per tonne, respectively. In Linyi, primary aluminium ingot price has dipped by RMB 10 per tonne to RMB 18,500 per tonne, while the price in Chongqing has remained muted at RMB 18,420 per tonne. Shenyang and Gongyi have...
According to the latest data showed by the International Aluminium Institute (IAI), North America’s primary aluminium production stood at 327,000 tonnes in April. That was a decrease of 1.8% or 6,000 tonnes from 333,000 tonnes in April 2020. On a monthly basis, the output slipped by 3.25% from 338,000 tonnes in March. The primary aluminium stood at 1.313 million tonnes in the first four months of 2021, slightly down by 0.45% year-on-year. The output was 1.319 million tonnes in the first four months of 2020. In South America, primary aluminium production was 95,000 tonnes in April 2021, from 71,000 tonnes in April 2020, marking a hike of 33.8% year-on-year. On a month-on-month comparison, aluminium production declined 3.06% from 98,000 tonnes in March. Primary aluminium production in South...
According to the latest report from the US Geological Survey, US domestic primary aluminium production stood at 75,000 tonnes in March 2021. The average daily output came in at 2,410 tonnes, down 3% month-on-month and 21% year-on-year. Total aluminium recovered from scrap was 272,000 tonnes in March 2021, 10% more than that in February 2021, slightly less than the amount in March 2020, and 6% less than that in March 2019. Of this, 155,000 tonnes of aluminium was recovered from new scrap and 117,000 tonnes was recovered from old scrap. In March, the average U.S. spot market price of primary aluminium ingot was $1.18 per pound, 8% more than that in February 2021. Inventories of primary aluminium in LME-approved warehouses, including off-warrant inventories, in the United States stood at...
SMM aluminium ingot price registers a hike after four days of decline. The price stands at RMB 18370 per tonne on Tuesday, 25 May 2021, marking an increase of RMB 30 per tonne from Monday’s price of RMB 18340 per tonne. The price is expected to move within a range of RMB 18350-18390 per tonne. In Foshan, the price has increased by RMB 40 per tonne to stand at RMB 18560 per tonne on Tuesday, 25 May 2021. In Wuxi and Hangzhou, the price has inched up by RMB 135 per tonne and RMB 65 per tonne to stand at RMB 18410 per tonne and RMB 18420 per tonne. Aluminium ingot prices in Chongqing, Tianjin, Linyi and Gongyi have increased to stand at RMB 18420 per tonne, RMB 18390 per tonne, RMB 18510 per tonne and RMB 18360 per tonne. The price in Shenyang declined by RMB 50 per tonne at RMB 18390 per...
National Aluminium Company Limited (NALCO) extended its aluminium ingot and aluminium products price cut last week, albeit lower than the previous day, with effect from May 22. NALCO reduced its aluminium ingot price by INR 5,200 per tonne or 2.5 per cent to INR 200,350-203,850 per tonne on Saturday, May 22. On Wednesday, May 19, NALCO’s aluminium ingot price stood at INR 205,550-209,050 per tonne, decreasing by INR 8,800 per tonne from May 11. Since the latest cut, NALCO’s aluminium wire rod price has been hovering around INR 203,850-208,200 per tonne, also down by INR 5,200 per tonne from INR 209,050-213,400 per tonne on May 19. The company is currently selling is aluminium billets price at INR 203,800-206,450 per tonne, with effect from May 22, compared to INR 209,000-211,650 per tonne...
Three-month LME aluminium advanced 0.44 per cent to settle at US$ 2,390 per tonne on Monday, and it is likely to fluctuate between US$ 2,250-2,350 per tonne today. LME aluminium cash (bid) price and LME official settlement price nosedived by US$ 98 per tonne on Monday, May 24, to settle at US$ 2,305 per tonne, following a rise of US$ 11 per tonne on the previous day to US$ 2,403 per tonne. 3-months bid price and 3-months offer price decreased by US$ 97 per tonne to stand at US$ 2,337 per tonne. Dec 22 bid price and Dec 22 offer price came in at US$ 2,347 per tonne on Monday compared to US$ 2,435 per tonne on Friday, May 21. The LME aluminium opening stock continued to decline from 1750350 tonnes on May 21 to 1741825 tonnes on May 24. Live Warrants totalled 1149875 tonnes, while Cancelled...
The aluminium smelter Qatalum, which is a joint venture between Qatar Petroleum and Norsk Hydro, has signed an agreement with GE, the global digital industrial company to deliver five Advanced Gas Path (AGP) upgrade units and maintenance services for 15 years for equipment at its 1,080 megawatts (MW) power plant, and a suite of cybersecurity solutions. Out of the five AGP upgrades, four will be installed on Qatalum’s 9F gas turbines and the remaining one unit will be put aside as a spare. The innovative AGP solution will be for the first time deployed in Qatar. It is anticipated that this installation will support Qatalum to enhance its power supply by up to 96.7 megawatts with boosted plant efficiency and increase the availability of its gas turbines and reduce operational expenses by...
Primary aluminium production in East & Central Europe stood at 341,000 tonnes in April 2021, reflecting a downfall of 12,000 tonnes or 3.40 per cent month-on-month. However, in March, the output stood up by 34,000 tonnes or 10.66 per cent from 319,000 tonnes in February to 353,000 tonnes. East & Central Europe’s primary aluminium production in Q1 2021 totalled 1.025 million tonnes, down by 1.54 per cent from 1.041 million tonnes in Q1 2020. On a year-on-year calculation, primary aluminium production in East & Central Europe in April 2021 stood down by only 1,000 tonnes from 341,000 tonnes. Total production during January-April 2021 amounted to 1.366 million tonnes, down by 1.23 per cent from 1.383 million tonnes during the same period last year. Primary aluminium production in West Europe...
Emirates Global Aluminium, the world’s largest producer of ‘premium aluminium’, with smelters in Abu Dhabi and Dubai, has unveiled its new corporate purpose: Together, innovating aluminium to make modern life possible. The company also aims to achieve its new mission—to generate value from mining to metal. The company has an alumina refinery in Abu Dhabi, and a bauxite mine and export facilities in the Republic of Guinea. Abdulnasser Bin Kalban, EGA’s Chief Executive Officer, said: “We sum up our new purpose in eight simple words: Together, innovating aluminium to make modern life possible. Fulfilling it over the decades ahead will require us to transform our operations and make step-changes in how we contribute to the world and the societies in which we operate, as well as for our...
Three-month LME aluminium rose 0.32% to close at US$2,379.5 per tonne on Friday. SMM expects the contract to fluctuate between US$2,250-2,350 per tonne today. As of Friday, May 21, LME aluminium cash (bid) price stands at US$ 2403 per tonne, LME official settlement price stands at US$ 2403 per tonne; 3-months bid price stands at US$ 2434 per tonne, 3-months offer price is US$ 2434 per tonne; Dec 22 bid price stands at US$ 2435per tonne, and Dec 22 offer price stands at US$ 2435 per tonne. The LME aluminium opening stock stood at 1750350 tonnes. Live Warrants totalled 1178250 tonnes, and Cancelled Warrants were 572100 tonnes. LME aluminium 3-months Asian Reference Price is hovering at US$ 2364.85per tonne. SHFE Aluminium Price Trend Benchmark aluminium price for SHFE decreased to stand at...
