LME aluminium prices gained ground on November 4, with cash and futures contracts moving higher. The Asian Reference Price also edged up, while exchange inventories declined. Alumina Platts prices, however, moved slightly lower. The cash bid rose by USD 53.50 per tonne , or 1.74 per cent, to USD 3,134.50 per tonne from USD 3,081 per tonne. The cash offer increased 1.72 per cent to USD 3,135 per tonne from USD 3,082 per tonne. Three-month aluminium prices also advanced. The bid climbed 1.08 per cent to USD 3,073 per tonne on November 4 from USD 3,040 per tonne, while the offer gained 1.05 per cent to USD 3,074 per tonne. It was previously at USD 3,042 per tonne . Explore the production, demand and consumption forecasts of bauxite and alumina in our report: " Global Bauxite & Alumina Market...
Global primary aluminium production experienced a sequential recovery in the third quarter of 2026, supported by the gradual restoration of disrupted smelting capacity in the GCC countries, stronger operational performance in Europe and Oceania, and incremental production gains across Asia and China. But beneath this quarterly improvement lies a contrasting reality - global output remained below the corresponding levels of both 2025 and 2024. According to data from the International Aluminium Institute (IAI), global primary aluminium production reached 18.377 million tonnes in Q3 2026, an increase of 2.1 per cent from 18.003 million tonnes in the preceding quarter. However, compared with Q3 2025, when production totalled 18.683 million tonnes, output declined by 1.64 per cent. Production...
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As reported by Shanghai Metals Market, China's social inventories of primary aluminium across eight consumption areas including SHFE warrants amounted to 1.295 million tonnes as of Thursday December 13.This is down from 1.352 million tonnes recorded on Thursday December 6. Supply cuts accounted for the 4.2% week-on-week decline that exceeded the 2.5% drop in the previous week, SMM data showed. The below chart shows the current status of primary aluminium inventories across China as of December 13: In another update from SMM, the A00 aluminium ingot price registered a drop from RMB 13550 per tonne to RMB 13540 per tonnes on Thursday, December 14.The average prices are expected to range between RMB 13,520 per tonne to RMB 13,560 per tonne. In the east (Wuzi), the ingot price declined RMB 15...
Trade Fair and Aluminium Congress will join forces on the Indian market for the first time from 31 January to 2 February, at Bhubaneswar, Odisha, India, when ALUMINIUM INDIA 2019 and INCAL Conference will take place concurrently. A press update from Reeds Exhibition says representatives from the most important industrial regions- India, China, North America and Europe will come together during the twin events. Around 100 exhibitors will be showcasing the entire spectrum of the aluminium sector ranging from raw materials and processing to end user applications. The two events will demonstrate the potential of the Indian market. The fair will connect the international aluminium industry with producers, processors and customers from India in order to initiate investment projects and business...
Rising prices of coal and winter production curbs are making aluminium producers in Northern China unprofitable and they are closing down capacities to transfer the same to south China. Henan-based Zhongfu Industrial has decided to shut its subsidiary, Linfeng Aluminum & Power in Linzhou city of Henan as announced on Wednesday December 12. Operations in Linfeng plant, which has an annual capacity of 250,000 tonnes of primary aluminium, was suspended from the end of October. The plant accounted for 30% of Zhongfu’s overall aluminium capacity. Henan Zhongfu Industrial and Henan Linzhou Linfeng Aluminum & Power announced in November 7 that they would construct an environmentally-friendly aluminium project in Guangyuan city of Sichuan province. The project will have an annual capacity of...
Shanghai Metals Market expects spot aluminium discounts across Chinese markets to widen at the end of December as new capacity, pledged cargoes, and stockpiles across producers are likely to grow supplies to the markets. According to SMM assessments, the A00 aluminium prices have been flat with the SHFE December contract for four consecutive trading days as of Wednesday, December 12. Limited supplies across the markets accounted for the recent strength in spot prices. Recently, several big traders made large purchases at higher price, which in turn, depleted supplies across the spot markets and pushed up prices. In the meantime, social warehouses saw fewer arrivals. SMM data showed that primary aluminium inventories across major consumption areas in China recorded a decline by some...
The dollar index hit a month-peak against a basket of currencies on Tuesday and stands at 97.07 today. Both LME and SHFE base metals closed mixed on Wednesday. LME aluminium stayed flat and SHFE aluminium slid some 0.3%. LME aluminium closed Wednesday’s trading at US$1928 per tonne, lower than Tuesday. While LME aluminium opened higher on Wednesday, it traded lower to end at US$1,936 per tonne. As the US dollar index stays above 97, LME aluminium still faces pressure and is expected to be weak today with a trading range of US$1,925-1,945 per tonne. As on December 12, Wednesday, LME aluminium cash (bid) price stood at US$ 1927 per tonne, LME official settlement price stands at US$ 1928per tonne; 3-months bid price stands at US$ 1936 per tonne, 3-months offer price is US$ 1937 per tonne;...
Shanghai Metals Market research found that lowered aluminium prices on Wednesday morning, Dec-12-18, boosted the purchasing enthusiasm among spot aluminium downstream consumers across east-China markets compared to the previous day. The SHFE December contract inched down during morning trades. Spot premiums in Shanghai remained unchanged at up to RMB 10 per tonne while transactions in Shanghai and Wuxi done at RMB 13,530 per tonne to RMB 13,540 per tonne and at RMB 13,570 per tonne to RMB 13,580 per tonne in Hangzhou. Trade prices lost some RMB 60 per tonne from the prior day. Across the eastern markets, sellers were keen to offload cargoes to lower stocks, and trades between traders remained brisk. Most spot transactions in Guangdong were heard at RMB 13,650 per tonne to RMB 13,680 per...
The latest data from US Geological Survey indicates that the total aluminium supply in the United States (Primary production, secondary recovery, and imports for consumption) stood at an estimated 7.6 million tonnes through September 2018, down 3% over the same period of 2017, where the supply stood at 8 million tonnes. {newsStudioGallery} Out of the total supply of aluminium, the US imported about 4.3 million tonnes of aluminium in the period from January to September 2018. Export during the same period stood at 1 million tonne. Apparent consumption ( total supply minus export) during the first three quarters of 2018 stood at about 7 million tonne. When we look at the export statistics year over year, we see that the export of crude and alloyed aluminium and semi-finished aluminium stood...
The dollar hit a month-peak against a basket of currencies on Tuesday, as China and the US discussed plans for talks to avert a trade war between the world’s two biggest economies. Both LME and SHFE base metals ended in mixed territory overnight. LME aluminium fell 0.6% and aluminium dipped 0.2% and 0.3% respectively. LME aluminium closed Tuesday’s trading at US$1949.50, slightly lower than Monday. As the US dollar rose, LME aluminium came off from the day’s highs of US$1,965 per tonne to close at US$1,936 per tonne on Tuesday night. With the dollar’s strength, LME aluminium is likely to remain weak and trade within a range of US$1,930-1,960 per tonne today. As on December 11, Tuesday, LME aluminium cash (bid) price stood at US$ 1949 per tonne, LME official settlement price stands at US$...
After a rise in last two consecutive days, the A00 aluminium ingot price again recorded a plunge today, on December 12, from RMB 13,600 per tonne to RMB 13,540 per tonne, Shanghai Metals Market learned. The average prices are expected to range between RMB 13,520 per tonne and RMB 13,560 per tonne, with spot discounts still remaining the same at RMB 20 per tonne. The ingot prices in the east market (Wuxi and Hangzhou) plunged RMB 65 per tonne and RMB 60 per tonne and hovering at RMB 13,535 per tonne and RMB 13,575 per tonne, respectively; while the prices in the south and north dropped RMB 70 per tonne and RMB 60 per tonne to stand at RMB 13,680 per tonne and RMB 13,520 per tonne. As far as the input costs are concerned, the alumina spot price showed restraint today after recording a dip...
A few hours to go to AlCircle’s first Webinar - “Path to A Virtual Aluminium Ecosystem”, scheduled today, on 11-Dec-18, at 3 PM (GMT)!!! The presentation intends to put across and answer the following questions: What does “A Virtual Aluminium Ecosystem” means? How would individuals benefit from it? Which are the current digital tools available to individuals? How would businesses benefit from it? Which are the current digital tools available to business houses? What role will digital technologies (such as Analytics, Artificial Intelligence & IoT) play in the Aluminium Industry? As a responsible business & information platform for the aluminium value chain, AlCircle would like to create awareness about the relevance of digital technology in the aluminium sector and how it can be used to...
The greenback recovered to 97 following its steepest weekly drop in three months last week. LME base metals ended in negative territory across the board overnight. Aluminium slid over 0.8%. SHFE base metals also traded lower across the board overnight. Aluminium fell close to 0.3%. LME aluminium started the week lower than last closing at US$ 1951per tonne. The aluminium contract then rebounded to close at US$1,963 per tonne, near the 20-day moving average on Monday after it slumped to a low of US$1,935 per tonne on gains in the US dollar. LME aluminium is expected to continue to hover among moving averages and to trade at US$1,940-1,955 per tonne today. As on December 10, Monday, LME aluminium cash (bid) price stood at US$ 1950 per tonne, LME official settlement price stands at US$ 1951...
According to an update from Shanghai Metals Market, social inventories of primary aluminium continued to extend its fall across eight consumption areas in China, including SHFE warrants, and stood at 1.32 million tonnes, as of Monday, December 10. This marked a decline by some 35,000 tonnes from Thursday, December 6. Lower arrivals to social warehouses and greater deliveries departing extended declines in inventories, SMM learned. In Wuxi and Jiangsu, the inventories declined some 16,000 tonnes over the weekend ended on December 10, while in Shanghai, Nanhai and Guangdong, Gongyi and Henan, and Hangzhou and Zhejiang, the inventories dipped by some 1,000 tonnes, 9,000 tonnes, 7,000 tonnes, and 3,000 tonnes respectively. The below chart shows the current status of primary aluminium...
China Customs data found that yuan’s depreciation, as well as trade uncertainty in the overseas market demand, prompted firms to rush out shipments and drove up unwrought aluminium and aluminium products exports in November 2018. Per the data, China exported 536,000 tonnes of unwrought aluminium and aluminium products in November, up some 54,000 tonnes from October. This means China’s unwrought aluminium and aluminium products exports in October stood at 482,000 tonnes. Hence, China’s November aluminium exports registered a growth of 11 per cent month-on-month. This month-on-month increase in exports of aluminium came after three consecutive months of declines. In the same period last year, China had exported around 316,204 tonnes of aluminium, which means this year in November, the...
The US dollar fell on Friday after the release of weaker-than-expected monthly job report. LME and SHFE base metals ended in the black on Friday night. LME aluminium jumped over 1% SHFE aluminium rose 0.55%. After dropping to US$ 1945 per tonne on Thursday December 6, LME aluminium recovered the losses and closed at US$ 1962 per tonne on Friday. Then the contract jumped past the 40-day moving average to a high of US$1,977 per tonne on Friday night after the US dollar slid. It closed at US$1,963 tonne, near the five-day moving average. We expect it to continue to move among moving averages with a trading range of US$1,945-1,970 per tonne today. As on December 7, Friday, LME aluminium cash (bid) price stood at US$ 1961 per tonne, LME official settlement price stands at US$ 1962 per tonne;...
After four consecutive drops since the beginning of the month, the A00 aluminium ingot price has rebounded today, on December 10, and jumped from RMB 13,500 per tonne, as of December 7, to RMB 13,590 per tonne, Shanghai Metals Market found. This marks a growth by RMB 90 per tonne. The average prices are expected to range between RMB 13,570 per tonne to RMB 13,610 per tonne, with spot discount remaining the same at RMB 20 per tonne. As the increase in ingot prices have touched all the major markets in China, markets in the east -Wuxi have recorded a growth of ingot price by RMB 105 per tonne to stand at RMB 13,595 per tonne and that in Hang Zhou have registered a rise by RMB 100 per tonne to clock at RMB 13,625 per tonne. The ingot prices in the south and north, on the other hand, have...
China’s primary aluminium production for the month of November 2018 stood at nearly 2.96 million tonnes, an increase of 1.8 per cent from a year ago. However, daily average production in November dropped 1.8% month on month to 99,000 tonnes, according to the data shared by Shanghai Metals Market. As of the end of November, there were about 36 million tonnes of primary aluminium capacity in operation across China, an increase of 645,000 tonnes Year on Year. Operating rates dipped 2.9 percentage points from a month ago 85.7% in November. Losses across aluminium smelters resulted in their capacity cuts, at around 2.3 million tonnes currently. There is another 460,000 tonnes of capacity facing cutbacks. New capacity commissioned at slower paces, with expanded capacity in Inner Mongolia,...
The US dollar weakened against major peers on Thursday amid weakening economic data and heightened market volatility. Most LME and SHFE base metals ended in negative territory overnight. LME aluminium dropped 1.6%. SHFE aluminium slipped close to 0.9%. LME aluminium dropped further from last closing to close at US$ 1945 per tonne on Thursday December 6. After a negative open, LME aluminium extended its decline on Thursday and closed at US$1,941 per tonne at night. This forced it to relinquish most gains it had made since last Friday. We expect it to remain weak today with a trading range of US$1,920-1,960 per tonne. As on December 6, Thursday, LME aluminium cash (bid) price stood at US$ 1943 per tonne, LME official settlement price stands at US$ 1945 per tonne; 3-months bid price stands...
The A00 aluminium ingot price seems to have decided to be on the downside, according to Shanghai Metals Market. Even continued destocking in social inventories of primary aluminium over the past weeks and improved purchasing enthusiasm among downstream consumers for spot primary aluminium (like it was yesterday in the east China) are failing to pull the ingot price up, except in the interim periods. Today, on December 7, the ingot price has further extended its plunge by RMB 60 per tonne to stand at RMB 13,500 per tonne, Shanghai Metals Market found. The average prices are expected to range between RMB 13,480 per tonne and RMB 13,520 per tonne, with spot discounts to settle at RMB 20 per tonne. This marks a fourth consecutive drop in A00 aluminium ingot price in China since the month...
