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LME aluminium price pulls back rapidly before the holiday, then recovers from lows: Why did it fall below USD 3,150 per tonne?
Primary AL08 OCT 2026

LME aluminium price pulls back rapidly before the holiday, then recovers from lows: Why did it fall below USD 3,150 per tonne?

Since late September, LME aluminium prices ended their previous trend of fluctuating at highs and underwent a notable pullback around China’s National Day holiday. The LME spot aluminium settlement price fell from USD 3,248.5 per tonne on September 28 to USD 3,204 per tonne on September 30, with the decline accelerating further in October. It dropped USD 84 per tonne in a single day on October 1 to USD 3,120 per tonne, and fell further to USD 3,109.5 per tonne on October 2. As of October 5, the LME spot aluminium settlement price had declined to USD 3,107 per tonne, a cumulative drop of USD 141.5 per tonne from September 28, or about 4.36per cent. Compared with the previous staged high of around USD 3,350 per tonne, the cumulative pullback exceeded USD 240 per tonne, a decline of about...

Egypt Aluminum stock drops 1.17% on October 7, remains 14% below 52-week high
Primary AL08 OCT 2026

Egypt Aluminum stock drops 1.17% on October 7, remains 14% below 52-week high

Egypt Aluminum stock closed lower on the Egyptian Exchange on October 7, 2026, with shares ending at EGP 339.40 (USD 6.48), down 1.17 per cent from EGP 343.41 (USD 6.55) in the previous session. The stock was 14.08 per cent below its 52-week high of EGP 395.00 (USD 7.54) and 107.53 per cent above its 52-week low of EGP 163.66 (USD 3.12). The company had a market capitalisation of EGP 140.0 billion (USD 2.67 billion). During the session, Egypt Aluminum shares traded between EGP 334.73 (USD 6.39) and EGP 344.99 (USD 6.59), with trading volume at around 307,000 shares, above the stock’s three-month average. The October 7 movement came after Egypt Aluminum reported its fiscal 2026 results on September 20, providing the market with a view of the company’s profitability for the year ended June...

LME aluminium cash offer price falls around 1% to $3,102/t, while stocks drop to 238,875t
Primary AL08 OCT 2026

LME aluminium cash offer price falls around 1% to $3,102/t, while stocks drop to 238,875t

LME aluminium prices weakened across key contracts on October 7 compared with the previous trading day, while exchange stocks also declined. The cash and three-month prices fell by around 1 per cent, with the December 2027 contract recording a similar decline. On October 7, the LME aluminium cash bid price stood at USD 3,102 per tonne, down 1.02 per cent from USD 3,134 per tonne on October 6. The cash offer price declined to USD 3,102.5 per tonne, down 1.02 per cent from USD 3,134.5 per tonne. The LME aluminium three-month bid price fell to USD 3,112 per tonne on October 7 from USD 3,148 per tonne on October 6, marking a 1.14 per cent decline. The three-month offer price decreased to USD 3,114 per tonne from USD 3,148.5 per tonne, down 1.10 per cent. Explore- Most comprehensive and...

Macro stagflation concerns combined with weak demand keep aluminium prices consolidating on a subdued note in the short term
Primary AL08 OCT 2026

Macro stagflation concerns combined with weak demand keep aluminium prices consolidating on a subdued note in the short term

SHFE aluminium was not open during the National Day holiday. On Oct 7, LME aluminium 3M opened at USD 3,140.5 per tonne, hit a high of USD 3,148 per tonne, a low of USD 3,101.5 per tonne, and closed at USD 3,125 per tonne, down USD 18.5 per tonne from the previous close, a decline of 0.59 per cent. Futures continued to consolidate on a weak note, with prices breaking below the 5/10/20/40/60-period moving averages. All moving averages exerted downward pressure, confirming a clear bearish trend. Trading volume during the session was 16,383 lots, with open interest at 567,000 lots, up 1,296 lots, driven mainly by bearish positioning. On the daily chart, the MACD death cross persisted, with DIFF below DEA and green bars maintained, indicating bearish momentum was still being released. US...

Hormuz crude flows recover, but aluminium, LNG and fertiliser face a slower return to normal
Primary AL07 OCT 2026

Hormuz crude flows recover, but aluminium, LNG and fertiliser face a slower return to normal

Middle East crude exports ended September at roughly their pre-conflict levels and exceeded them on several days, according to Reuters. However, the recovery is far less complete for other Gulf commodities. Diesel and gasoline shipments were running at 58 per cent of pre-conflict volumes, while LNG, fertiliser, aluminium and helium were recovering more slowly. The uneven rebound highlights why crude flows alone do not provide a complete picture of trade through the Strait of Hormuz. For commodities with lower margins, limited routing options or specialised infrastructure requirements, the cost of moving cargoes and repairing damaged facilities continues to weigh on supply. Crude can absorb the cost of moving through Hormuz Supertanker rates for voyages from the Middle East to China...

Ma’aden aluminium surge puts growth back in focus as stock trades at $17
Primary AL07 OCT 2026

Ma’aden aluminium surge puts growth back in focus as stock trades at $17

Ma’aden’s aluminium business delivered strong revenue growth in Q2 2026 as higher realised prices lifted the segment, although weaker phosphate and ammonia guidance creates a mixed operating backdrop. Saudi Arabian Mining Company (Ma’aden) saw aluminium revenue rise 49 per cent year on year to USD 1.01 billion in Q2 2026, with realised aluminium prices increasing 51 per cent to USD 3,915 per tonne. Read more about Maaden aluminium revenue jump in Q2 2026 The stronger aluminium performance provides the clearest quantified growth signal in Ma’aden’s latest operating picture. However, revised production guidance for phosphate and ammonia adds a counterweight as investors assess the company’s broader portfolio. Higher aluminium prices drive revenue growth The aluminium division produced...

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