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Macro rate hike expectations pressure aluminium prices, while China's continued destocking underpins the market
Primary AL14 SEPT 2026

Macro rate hike expectations pressure aluminium prices, while China's continued destocking underpins the market

Futures: The most-traded SHFE aluminium 2610 contract closed at RMB 24,000 per tonne, down RMB 190 from yesterday's settlement price, a decline of 0.79 per cent. It opened at RMB 24,100.00 per tonne during the day and fluctuated within a range of RMB 23,920-24,100 per tonne. The price traded below...

LME aluminium cash bid price drops 2.06% to $3,273/tonne as stocks decline to 244,350t
Primary AL14 SEPT 2026

LME aluminium cash bid price drops 2.06% to $3,273/tonne as stocks decline to 244,350t

LME aluminium prices recorded a sharp decline on September 11 compared with the previous trading day, with cash and three-month prices falling by around 2%, while exchange stocks edged lower. The LME aluminium cash bid price slipped to USD 3,273 per tonne on September 11, compared with USD 3,342...

China aluminium extends gains into August; supply tightness, demand recovery to support September
Primary AL14 SEPT 2026

China aluminium extends gains into August; supply tightness, demand recovery to support September

As of August 31, the monthly average price for A00 aluminium ingots was RMB 23,869.0 per tonne in East China, up 3.34 per cent M-o-M; RMB 24,010.0 per tonne in South China, up 3.79 per cent M-o-M; and RMB 23,762.4 per tonne in Central China, up 3.42 per cent M-o-M, based on Mysteel's assessment. In...

China continues destocking, coupled with recovering peak-season demand; aluminium prices are expected to consolidate at highs with an upward bias next week
Primary AL12 SEPT 2026

China continues destocking, coupled with recovering peak-season demand; aluminium prices are expected to consolidate at highs with an upward bias next week

1. Macro perspective The US-Iran conflict escalated sharply. On September 9, Iran's Revolutionary Guard struck multiple oil tankers and merchant vessels in the Strait of Hormuz, causing a significant drop in strait traffic. Brent crude broke through USD 100 per bbl, closing at USD 101.21, while WTI...

Odisha CM visits EGA Jebel Ali, highlights NALCO–EGA aluminium partnership
Primary AL12 SEPT 2026

Odisha CM visits EGA Jebel Ali, highlights NALCO–EGA aluminium partnership

Odisha Chief Minister Mohan Charan Majhi visited Emirates Global Aluminium’s (EGA) Jebel Ali site in Dubai, highlighting the strategic importance of the NALCO–EGA technology licensing partnership in strengthening Odisha’s aluminium industry. During the visit, Majhi emphasised how the collaboration...

Macro rate hike expectations bring periodic pressure, while destocking in China provides solid bottom support
Primary AL11 SEPT 2026

Macro rate hike expectations bring periodic pressure, while destocking in China provides solid bottom support

Futures: The most-traded SHFE aluminium contract opened at RMB 24,310 per tonne in the night session on September 10, reached a high of RMB 24,310 per tonne and a low of RMB 24,075 per tonne, and closed at RMB 24,125 per tonne, down RMB 365 per tonne or 1.49 per cent from the previous close....

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