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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The United States domestic primary aluminium production stood at 77,000 tonnes in December 2020, up by 3,000 tonnes or 4.05 per cent from 74,000 tonnes in November, showed the recent data released by the United States Geological Survey. With this, the total aluminium production in 2020 came in at 1.01 million tonnes, 7 per cent less than a year ago but 14 per cent more than in 2018. The average daily production in December 2020 was 2,480 tonnes, almost flat compared to the daily production of 2,450 tonnes in November and less by 16 per cent than in December 2019. Total aluminium recovered from scrap in December 2020 was 249,000 tonnes, 6 per cent less month-on-month and 8 per cent on the year. Of this, 131,000 tonnes of aluminium was recovered from new scrap, while 117,000 tonnes from old...
The LME aluminium benchmark price gained 1.42 per cent over the week to close at US$ 2185 per tonne as of Friday, March 5. LME aluminium cash (bid) price and LME official settlement price edged higher this week from US$ 2154.50 per tonne to US$ 2185 per tonne. Starting the week on Monday, March 1, at US$ 2154.50 per tonne, the price rose to US$ 2176 per tonne on Tuesday and further to US$ 2203 per tonne on Wednesday, March 3. However, on Thursday, March 4, both LME aluminium cash (bid) price and LME official settlement price stood US$ 34 per tonne lower to come in at US$ 2169 per tonne. On Friday, March 5, the prices rebounded to close the week at US$ 2185 per tonne. 3-months bid price and 3-months offer price started the week at US$ 2165.50 per tonne, which grew on Tuesday, March 2, to...
SMM aluminium ingot price saw mixed performance this week. The price declined by RMB 220 per tonne and RMB 150 per tonne to stand at RMB 17050 per tonne and RMB 16900 per tonne on Monday,1 March and Tuesday, 2 March. The price on Thursday stood higher by RMB 150 per tonne to RMB 17580 per tonne, from Wednesday’s price of RMB 17430 per tonne. Aluminium price closed Friday’s trading at RMB 17100 per tonne, down RMB 480 per tonne. According to the Shanghai Metals Market, social inventories of primary aluminium rose 91,000 tonnes over the week, ending on Thursday, March 4, 2021. Data shows the stocks across eight major Chinese consumption areas, including SHFE warrants, came in at 91,000 tonnes, as of March 4, compared to 1.173 million tonnes last week. The alumina price in China remained...
Yu Dehui, the former general manager of Aluminum Corporation of China Ltd. (CHALCO), suggested that China, the world’s largest aluminium producer and consumer, must advance the green and low-carbon development of the aluminium industry to reach the carbon dioxide emission peak by 2030 and achieve carbon neutrality before 2060. The news came after S&P Global Platts reported that Yu suggested China to set up the total carbon emission target for the aluminium industry, while speaking on the sidelines of the National People’s Congress and the Chinese People’s Political Consultative Conference. He also recommended China to carry out quota management for carbon emission, given the aluminium consumption in the country will keep rising and reach the peak expectedly by 2035. China should also...
Benchmark aluminium price on London Metal Exchange dropped 1.54 per cent to US$ 2169 per tonne on Thursday, 04 March 2021 from US$ 2203 per tonne on Wednesday. As of Thursday, March 4, LME aluminium cash (bid) price stands at US$ 2169 per tonne, LME official settlement price stands at US$ 2169 per tonne; 3-months bid price stands at US$ 2177.50 per tonne, 3-months offer price is US$ 2177.50 per tonne; Dec 22 bid price stands at US$ 2227.50 per tonne, and Dec 22 offer price stands at US$ 2227.50 per tonne. The LME aluminium opening stock stood at 1299775 tonnes. Live Warrants totalled 1083800 tonnes, and Cancelled Warrants were 215975 tonnes. LME aluminium 3-months Asian Reference Price is hovering at US$ 2171.21 per tonne. SHFE Aluminium Price Trend Benchmark aluminium price for SHFE...
According to the Shanghai Metals Market, social inventories of primary aluminium have built-up 91,000 tonnes over the week, ending on Thursday, March 4, 2021. Data shows the stocks across eight major Chinese consumption areas, including SHFE warrants, have come in at 91,000 tonnes, as of March 4, compared to 1.173 million tonnes last week. Higher arrivals of stocks in Wuxi, Nanhai, and Gongyi primarily attributed to the further expansion in China’s primary aluminium inventories on March 4, found SMM. The chart below indicates the current status of primary aluminium inventories across China in more details: Wuxi has seen the highest growth of 38,000 tonnes to 448,000 tonnes on March 4, followed by the surge of 36,000 tonnes in Nanhai to come in at 284,000 tonnes, learned SMM. In Gongyi,...
National Aluminium Company Limited (NALCO) reduced its aluminium ingot and aluminium products prices with effect from Monday, March 1, after raising them five times in a row till February 26, 2021. NALCO’s aluminium ingot price came in at INR 181,850 – 185,350 per tonne on March 1, down by INR 3,400 tonnes from INR 185,250- 188,750 per tonne on February 26. The company’s aluminium billets price also faced a decline of INR 3,400 per tonne on March 1 from INR 188,700- 191,350 per tonne to INR 185,300 – 187,950 per tonne. NALCO’s aluminium wire rod price ranged between INR 185,350 – 189,700 per tonne. NALCO, like any other Indian aluminium producers, links its aluminium ingot and aluminium products prices to the three-month futures of aluminium on the London Metal Exchange, which fell on...
According to a Reuters report, the premium for aluminium shipments to Japanese buyers has been set at $149-$165 per tonne for April-June. That indicated an increase of 15-27 per cent from the current quarter, reported sources involved in market pricing. Japan is the biggest importer of aluminium in Asia and the premiums it agrees to pay for primary aluminium shipments for each quarter over the cash price settled at the London Metal Exchange (LME) set the benchmark for the region. Japanese buyers had agreed to pay a premium of $130 per tonne for January-March, an increase of 48 per cent from the prior quarter. The growth was due to recovery in demand, especially from automakers as well as tight supplies.
Vedanta Limited increased its aluminium ingot and aluminium products prices on Wednesday, March 3, following a cut on the previous day. Vedanta raised its aluminium ingot price by INR 2,000 per tonne to INR 183,750 – 196,750 per tonne in comparison with INR 181,750 - 194,750 per tonne on Tuesday, March 2. Vedanta’s aluminium wire rod price also witnessed a hike of INR 2,000 per tonne from INR 189,250 – 196,750 per tonne on March 2 to INR 191,250 – 198,750 per tonne on March 3. Aluminium billets price came in at INR 191,750 per tonne on March 3, up by INR 2,000 per tonne or 1.05 per cent from INR 189,750 per tonne on March 2. Vedanta links its aluminium ingot and aluminium products prices to the three-month futures of aluminium on the London Metal Exchange, which increased from US$ 2154.50...
SMM aluminium ingot price has edged higher by RMB 150 per tonne to stand at RMB 17580 per tonne on Thursday, 04 March 2021, from its previous price of RMB 17430 per tonne on March 3. This marks the second consecutive hike in aluminium price. The price is expected to range at RMB 17560-17600 per tonne. In Foshan and Wuxi, the price has risen by RMB 150 per tonne and RMB 155 per tonne to stand at RMB 17580 per tonne and 17570 per tonne. Their average prices are expected to range within RMB 17560-17600 per tonne and RMB 17560-17580 per tonne. Aluminium prices in Hangzhou and Chongqing have come in at RMB 17610 per tonne and 17570 per tonne, up RMB 175 per tonne and RMB 170 per tonne. Aluminium ingot prices in Shenyang, Tianjin, Linyi, and Gongyi have increased to stand at RMB 17555 per...
Three-month LME aluminium fell 0.43 per cent to close at US$ 2215 per tonne on Wednesday, with open interest rising to 704,000 lots. It is expected to trade between US$ 2100-2300 per tonne today. LME aluminium cash (bid) price and LME official settlement price expanded by US$ 27 per tonne on Wednesday, March 3, to stand at US$ 2203 per tonne. 3-months bid price and 3-months offer price came in at US$ 2207 per tonne, up by US$ 28.50 per tonne from US$ 2178.50 per tonne. Dec 22 bid price and Dec 22 offer price stood at US$ 2247.50 per tonne compared to US$ 2229.50 per tonne on March 2. The LME aluminium opening stock decreased from 1307125 tonnes on Tuesday to 1304075 tonnes on Wednesday, March 3. Live Warrants totalled 1084825 tonnes, while Cancelled Warrants stood at 219250 tonnes. LME...
At the 58th National Metallurgists’ Day (NMD) International Conference and 74th Annual Technical Meeting (ATM), Mr Abhijit Pati, CEO & Director of Bharat Aluminium Company (BALCO), led the panel discussion on ‘Enhancing global competitiveness of Indian metals industries’, whereby he said Indian aluminium industry had been following the government’s visionary initiatives such as Make in India, Smart Cities, Power for All, indigenous space programs, domestic value addition, creating jobs and SMEs, aiming to make the country a self-reliant nation. Mr Pati mentioned that the Indian aluminium Industry generated over 8 lakh direct and indirect jobs and developed more than 4000 SMEs in the downstream sector. “The clarion call of an Aatmanirbhar Bharat from our Honorable Prime Minister is seeing...
The LME aluminium benchmark price edged 1 per cent higher on Tuesday, March 2, to close at US$ 2176 per tonne. On Wednesday, the LME complex performed similarly, with aluminium increased 4.46 per cent. LME aluminium cash (bid) price and LME official settlement price gained US$ 21.50 per tonne to stand at US$ 2176 per tonne on Tuesday, March 2. 3-months bid price and 3-months offer price settled at US$ 2178.50 per tonne, growing by US$ 13 per tonne from US$ 2165.50 per tonne. Dec 22 bid price and Dec 22 offer price hovered around US$ 2229.50 per tonne compared with US$ 2218 per tonne on March 1. The LME aluminium opening stock decreased from 1316800 tonnes on Monday to 1307125 on Tuesday, March 2. Live Warrants totalled 1082050 tonnes, while Cancelled Warrants stood at 225075 tonnes. LME...
Global mining and metal giant Rio Tinto has been slapped with a $406.5 million bill as part of its latest dispute with the Australian Taxation Office. Jakob Stausholm, the new CEO of Rio Tinto was in Melbourne lately, as the mining company is trying to remodel its reputation in the wake of the Juukan Gorge caves incident last May and now the new ATO row is another blow. With totalling almost $939 million, Rio and the ATO are now in dispute on three matters. While in the latest row, the ATO has issued the mining giant with amended assessments of $359.4 million in primary tax and $47.1 million in interest over money paid by its Australian entity to its United Kingdom entity. The assessments relate to the denial of interest deductions on an isolated borrowing used to pay an intra-group...
A00 aluminium ingot price has soared by RMB 530 per tonne to settle at RMB 17,430 per tonne on Wednesday, March 3, after two intermittent declines on March 1 and 2 from RMB 17,270 per tonne to RMB 16,900 per tonne, according to the Shanghai Metals Market. The average prices are expected to range between RMB 17,410 per tonne and RMB 17,450 per tonne, with spot contract to be traded at a premium price of RMB 50-10 per tonne. In Foshan, primary aluminium ingot price has jumped by RMB 520 per tonne to reach at RMB 17,430 per tonne, followed by the surge of RMB 510 per tonne and RMB 500 per tonne in Shenyang and Wuxi to come in at RMB 17,380 per tonne and RMB 17,415 per tonne, respectively. In Hangzhou, A00 aluminium ingot price is standing at RMB 17,435 per tonne by also gaining RMB 500 per...
Vedanta Limited has reduced its aluminium ingot and aluminium products prices with effect from Tuesday, March 2, after a colossal hike of INR 7,250 per tonne on Friday, February 26. The company has cut its aluminium ingot price by INR 3,500 per tonne from INR 185,250 – 198,250 per tonne on Friday to INR 181,750 - 194,750 per tonne on Tuesday, March 2. Vedanta’s aluminium wire rod price has come in at INR 189,250 – 196,750 per tonne, also down by INR 3,500 per tonne from INR 192,750 – 200,250 per tonne on February 26. Billet price is hovering around INR 189,750 per tonne compared to INR 193,250 per tonne. Vedanta links its aluminium ingot and aluminium products prices to the three-month futures of aluminium on the London Metal Exchange, which after February 26 decreased by US$ 48 per tonne...
Three-month LME aluminium fell 1.67% to close at US$2,121 per tonne on Monday, with open interest falling to 705,000 lots. SMM expects the contract to trade between US$2,000-2,180 per tonne today. As of Monday, March 1, LME aluminium cash (bid) price stands at US$ 2154.50per tonne, LME official settlement price stands at US$ 2154.50 per tonne; 3-months bid price stands at US$ 2165.50per tonne, 3-months offer price is US$ 2165.50 per tonne; Dec 22 bid price stands at US$ 2218per tonne, and Dec 22 offer price stands at US$ 2218 per tonne. The LME aluminium opening stock stood at 1316800 tonnes. Live Warrants totalled 1094275 tonnes, and Cancelled Warrants were 222525tonnes. LME aluminium 3-months Asian Reference Price is hovering at US$ 2163.05 per tonne. SHFE Aluminium Price Trend...
A00 aluminium ingot price has continued to be on a downturn on Tuesday, March 2, to come below RMB 17,000 per tonne, found the Shanghai Metals Market. According to SMM data, the price has shrunk by RMB 150 per tonne to come in at RMB 16,900 per tonne. The average prices are expected to range between RMB 16,880 per tonne and RMB 16,920 per tonne, with spot contract to be traded at a premium price of RMB 50-10 per tonne, up by RMB 20 per tonne from the previous day. In Gongyi and Foshan, primary aluminium price has decreased by RMB 140 per tonne to RMB 16,790 per tonne and RMB 16,910 per tonne, respectively, while the price in Wuxi and Shenyang is down by RMB 135 per tonne to come in at RMB 16,915 per tonne and RMB 16,870 per tonne. In Chongqing and Hangzhou, A00 aluminium ingot price has...
