LME aluminium price rises to $3,310/t: Can EGA and Alba repairs bring back 2025 levels?
The London Metal Exchange (LME) aluminium price reported improvements across the pricing and contract segments on the September 7 close, recovering from the downward trend reported at the September 4 session . As the repair and operations stabilise at the facilities of Emirates Global Aluminium...
LME aluminium offer price slips to $3,292.5/t as lower exchange stocks point to tighter availability
LME aluminium prices edged lower on September 4 compared with the previous trading day, while aluminium stocks also declined marginally. The most notable movement was in cancelled warrants, which fell by more than 38 per cent day on day. On September 4, the LME aluminium cash bid price stood at USD...
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Decline in downstream operating rates coupled with concentrated arrivals after the holiday, domestic aluminium prices in the doldrums
Futures market: Before the holiday, the most-traded SHFE aluminium 2506 contract opened at RMB 20,035 per tonne, with a high of RMB 20,035 per tonne, a low of RMB 19,900 per tonne, and closed at RMB 19,910 per tonne, down 0.65 per cent. Trading volume was 73,500 lots, and open interest was 184,000...
Metlen’s metal segment staggers in Q1, with aluminium reflecting over 2% degrowth
Metlen Energy and Metals has kicked off Q1 2025 with a striking surge in activity, posting total sales of EUR 1.50 billion (a 31 per cent upgrade on the EUR 1.143 billion generated in Q1 2024) steered forward by double-digit gains across Metals (an increase of 11 per cent), Energy (31 per cent...
SMM morning comment for SHFE aluminium
On the previous trading day's night session, the most-traded SHFE aluminium 2506 contract opened at RMB 19,950 per tonne, with a high of RMB 19,995 per tonne, a low of RMB 19,920 per tonne, and closed at RMB 19,970 per tonne, down RMB 60 per tonne or 0.30 per cent from the previous close. LME...
LME unveils plans to introduce sustainability premia pricing for four major metals, including aluminium
London Metal Exchange, on April 23, 2025, stated in a meeting with its respective stakeholders that it is currently working on establishing a system where it would add a premium to the prices of sustainable metals, including both ferrous and non-ferrous metals. The four major metals at a focus for...
Detailed report: Why LME approved Hong Kong warehouses over Mainland China
In a recent development for the London Metal Exchange’s (LME’s) Asian strategy, the announcement of its approval of the first four warehouse facilities in Hong Kong in April 2025 floated in the trading market. These newly approved warehouses, operated by a trio of company pairs, are slated to...
LME approves first warehouse facilities in Hong Kong
The London Metal Exchange (LME) is pleased to announce its approval of the first four LME-licensed warehouse facilities in Hong Kong. This follows the LME’s approval of Hong Kong as an LME warehouse location on 20 January 2025. Matthew Chamberlain, LME CEO, said: “Being able to confirm the listing...
Macro pressure and fundamental support lead to aluminium price volatility
On Monday, the most-traded SHFE Aluminium contract closed at RMB 19,685 per tonne, up 0.31 per cent. LME Aluminium rose 0.51 per cent, closing at USD 2,369 per tonne. The average spot price by SMM was RMB 19,760 per tonne, up RMB 180 per tonne, with a discount of RMB 10 per tonne. The average spot...
Short-term easing of international trade frictions, short-term bullish factors dominate
Futures: Last night, the SHFE aluminium 2505 contract opened at RMB 19,780 per tonne, with a high of RMB 19,810 per tonne and a low of RMB 19,670 per tonne, closing at RMB 19,725 per tonne, up RMB 110 per tonne, a 0.56 per cent increase. Last night, LME aluminium opened at USD 2,366 per tonne, with...
Trump wields tariff stick, aluminium industry chain's positive factors fail to mask short-term price downward pressure
Futures market: Overnight, the most-traded SHFE aluminium 2505 contract opened at RMB 20,455 per tonne, with a high of RMB 20,520 per tonne, a low of RMB 20,430 per tonne, and closed at RMB 20,520 per tonne, up RMB 80 per tonne, or 0.39 per cent. Yesterday, LME aluminium opened at USD 2,509 per...
India: Imported aluminium scrap prices decline w-o-w tracking LME movements
India's imported aluminium scrap prices dropped by up to USD 75/tonne w-o-w following a decline in LME prices. However, buyers awaited further price corrections. BigMint's benchmark assessment for Tense scrap originating in the US was at USD 1,945/tonne (t), decreasing by USD 15/tonne w-o-w, while...
The central bank stated that it would seize the opportunity to implement RRR cuts and interest rate cuts, focusing on the release of end-use demand
Futures Market: Overnight, the most-traded SHFE aluminium 2505 contract opened at RMB 20,945 per tonne, hitting a high of RMB 21,035 per tonne and a low of RMB 20,875 per tonne, before closing at RMB 21,020 per tonne, up RMB 35 per tonne or 0.17 per cent. On Thursday, LME aluminium opened at USD...
Aluminium prices diverge as LME gains, SHFE declines amid rising inventories
China's aluminium industry remains the world's largest, driven by high production capacity and growing downstream demand. However, rising inventories, fluctuating raw material costs, and cautious buyer sentiment are shaping market dynamics. Despite challenges, facility expansions and policy shifts...
2024: Press Metal posts a 44% hike in full-year net profit supported by strong aluminium prices
Press Metal Aluminium Holdings Bhd, a Malaysia-based largest aluminium smelter in Southeast Asia, has announced its fourth-quarter and full-year results of 2024, reporting stupendous financial gains supported by increased aluminium prices on LME and strong global demand. Figures and numbers...
Alba’s 2024 done right with whopping financial growth and record production, but uncertainty looms for 2025
Aluminium Bahrain B.S.C. (Alba), the world's largest smelter ex-China, has announced its fourth quarter and full-year results for 2024, reporting an impressive growth in financial output, coincided with its new high of net finished production at 1,622,261 tonnes. Image source: Aluminium Bahrain...
Fundamental weakness makes it difficult to sustain upward momentum in aluminium prices; short-term price correction observed
Futures Market: Overnight, the most-traded SHFE aluminium 2504 contract opened at RMB 20,670 per tonne, hit a high of RMB 20,730 per tonne, a low of RMB 20,590 per tonne, and closed at RMB 20,600 per tonne, down RMB 135 per tonne or 0.65 per cent. Yesterday, LME aluminium opened at USD 2,677 per...
Tug-of-war between longs and shorts in the aluminium market intensifies, is expected to support bottom resilience
Futures: Yesterday, the SHFE aluminium 2504 contract opened at RMB 20,865 per tonne, peaked at RMB 20,895 per tonne, hit a low of RMB 20,820 per tonne, and closed at RMB 20,860 per tonne, up RMB 70 per tonne or 0.34 per cent from the previous day. LME aluminium opened at USD 2,687 per tonne,...
Trade barriers continue to escalate, aluminium prices remain volatile at high levels
Futures market: Yesterday, the SHFE aluminium 2504 contract opened at RMB 20,735 per tonne, reached a high of RMB 20,750 per tonne, a low of RMB 20,630 per tonne, and closed at RMB 20,735 per tonne, up RMB 100 per tonne or 0.48 per cent from the previous day. LME aluminium opened at USD 2,645 per...
