Macro perspective: Fed Chairman Warsh delivered a hawkish speech at the Jackson Hole symposium, lifting market expectations for a September rate hike to around 60 per cent, while the US dollar consolidated amid fluctuations, unsettling the nonferrous metals sector. The Fed's latest Beige Book...
India’s aluminium recycling sector has matured significantly over the past decade. Secondary aluminium, produced by remelting and refining scrap, now accounts for a growing share of the country’s total aluminium consumption. Recycling aluminium requires up to 95 per cent less energy than smelting...
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Futures: SHFE aluminium closed at RMB 22,510 per tonne, edging up 0.09 per cent. The price remained below the MA5 (22,580) and all medium and long-term moving averages, with the bearish alignment of the moving average system continuing, but it has moved sideways around 22,500 for two consecutive...
According to SMM statistics, China's aluminium production in June 2026 (30 days) rose 2.2 per cent Y-o-Y and fell 3.1 per cent M-o-M. Although weak domestic demand dragged down various sectors broadly under pressure, export demand for aluminium semis provided effective support for domestic liquid...
In early trading, the SHFE aluminium 2606 contract's centre ran significantly below the level seen in the same period of the previous trading day. As aluminium prices declined to their lowest recent levels, overall market buying sentiment improved M-o-M from yesterday, pushing transaction prices...
The morning session saw the SHFE aluminium 2606 contract trade with a centre lower than the same period of the previous trading day. As aluminium prices declined, the release of stockpiling demand from earlier price drops, combined with pervasive bearish sentiment, kept overall buying interest weak...
SHFE aluminium closed at RMB 23,955 per tonne in the daytime session, down 0.27 per cent, with the price above the MA5 (23,951.01) but below the MA10 (24,016.00), MA30 (24,320.67), and MA60 (24,546.75), remaining below all key moving averages overall, while the bearish alignment of moving averages...
Om Metallogic Ltd. has recently secured a fresh supply contract valued at INR 18.81 CR (USD from Oswal Castings Pvt. Ltd. According to the agreement, Om Metallogic will deliver 476.35 tonnes of ADC-12 aluminium alloy ingots to the buyer, Oswal Castings, which adds a sizeable commercial order to the...
China aluminium prices trended lower through late May, with Mysteel regional A00 ingot averages retreating between 1.38 per cent and 1.45 per cent month-on-month. The market remained locked in a tug-of-war between macro headwinds and fundamental resilience. While persistent rate hike expectations...
Futures: The most-traded SHFE aluminium contract opened at RMB 23,900 per tonne in the night session on June 17, with the highest price at RMB 23,950 per tonne, the lowest at RMB 23,860 per tonne, and finally closed at RMB 23,940 per tonne, up 0.25 per cent from the prior close. During this period,...
Futures: The most-traded SHFE aluminium contract opened at RMB 24,025 per tonne in the night session of June 15, hit a high of RMB 24,025 per tonne, a low of RMB 23,730 per tonne, and closed at RMB 23,795 per tonne, down 1.55 per cent from the previous close. During the session, prices fluctuated...
Aluminium ingot inventory: Destocking turning point established at high levels, but absolute volume pressure persists China’s aluminium ingot inventory, after hitting a peak not seen in nearly three years in 2026, accelerated its pullback this week. According to SMM statistics, as of June 11,...
Futures: SHFE aluminium closed at RMB 24,155 per tonne in the daytime session, up 0.62 per cent, remaining below all key moving averages (MA5≈24,072, MA10≈24,300, MA30≈24,450, MA60≈24,590), with clear downward pressure from short-term MAs and the bearish alignment still in place. The MACD indicator...
Futures: SHFE aluminium settled at RMB 23,900 per tonne, down 0.67 per cent. Prices further moved away from all moving averages (MA5=24,146, MA10=24,389, MA30=24,483, MA60=24,612), with the moving average system showing an accelerated bearish alignment and divergence, and weakness intensifying. The...
Futures: SHFE aluminium closed at RMB 24,125 per tonne, edged up 0.15 per cent, with price far below all key moving averages (MA5=24,273, MA10=24,380, MA30=24,518.67, MA60=24,637.5). The moving averages maintained a bearish alignment, and the weak pattern remained unchanged. The MACD indicator...
Futures: The most-traded SHFE aluminium 2607 contract closed at RMB 24,115 per tonne, down 0.76 per cent. Price was running below MA5 (24,415.00), MA10 (24,404.50), MA30 (24,549.33), and MA60 (24,658.42), with short- and medium-term moving averages in a bearish alignment and gradually pressing...
Futures: The most-traded SHFE aluminium 2607 contract closed at RMB 24,385 per tonne, down 1.14 per cent. The price was running below MA5 (24,472.00), MA10 (24,467.00), MA30 (24,606.67), and MA60 (24,688.67), with short- and medium-term moving averages gradually turning downward. The overall...
Futures: The most-traded SHFE aluminium 2607 contract closed at RMB 24,775 per tonne, up 0.79 per cent. The price moved near the range of MA5 (24,503.00), MA10 (24,490.00), MA30 (24,641.50), and MA60 (24,701.33), with short- and medium-term moving averages intertwined and converging. The overall...
Futures: SHFE aluminium's most-traded contract opened at RMB 24,350 per tonne during the night session on May 27, with the highest price at RMB 24,405 per tonne, the lowest price at RMB 24,205 per tonne, and finally closed at RMB 24,275 per tonne, down 0.86 per cent from the previous close. The...
Futures: SHFE aluminium closed at RMB 24,560 per tonne in the night session on May 26, down 0.04 per cent from the previous close. The price rebounded to near above MA5 (24,515.39), running near MA10 (24,497.17) and MA20 (24,524.02), still below MA40 (24,598.36) and MA60 (24,633.48). The moving...
