The London Metal Exchange (LME) aluminium price faltered across the pricing and contract segments on the September 2 close. The trend reflected a contrast of the surge reported in the September 1 session . The LME aluminium cash bid pulled back by 0.18 per cent day-on-day on September 2, down to...
The most-traded SHFE aluminium 2610 contract closed at RMB 24,100 per tonne today, up RMB 30 on the day, a gain of 0.12 per cent. Trading volume was 163,674 lots, open interest stood at 242,331 lots, with a daily decrease of 6,267 lots, as both bulls and bears reduced positions to lock in profits...
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Futures: SHFE aluminium closed at RMB 24,305 per tonne, down 0.94 per cent. The price fell below all key moving averages (MA5=24,556, MA10=24,529, MA30=24,361, MA60=24,584.5), forming a bearish alignment with clear short-term weakness. The MACD indicator showed DIF=-68.9, DEA=-20.17, with negative...
This week, trading activity among China's aluminium fluoride enterprises was moderate, with aluminium fluoride prices remaining stable. As of now, SMM aluminium fluoride prices closed at RMB 11,480-12,000 per tonne; cryolite prices remained stable, with SMM cryolite quoted at RMB 7,000-8,500 per...
Macro perspective: Overall macro atmosphere leaned warm, with multiple positive factors resonating Ex-China, US April CPI data showed surging energy prices drove headline inflation to a three-year high, fuelling expectations for US Fed interest rate hikes within the year. US-Iran negotiations...
Chinese prices for aluminium scrap have been rising steadily so far this month and are expected to continue climbing during coming weeks, supported by tightening scrap supplies and steady demand from secondary aluminium smelters, Mysteel's latest survey findings show. On May 13, Mysteel assessed...
Futures: The most-traded SHFE aluminium 2606 contract closed at RMB 24,700 per tonne, down 0.70 per cent. The price was near MA5 (24,668.00), MA10 (24,594.00), and MA30 (24,805.33), and above MA60 (24,581.00). Short-term moving average support was moderate, and the price was currently moving...
Gujarat-based Baheti Recycling Industries Limited is steadily advancing towards solidifying its position in India’s secondary aluminium market by diversifying into higher-value aluminium wire rods and reaching out to the automotive supply chain. As new capacities are being developed alongside...
Futures: The most-traded SHFE aluminium 2606 contract closed at RMB 24,885 per tonne, up 1.32 per cent. The price was above MA5 (24,559.00), MA10 (24,603.50), MA30 (24,786.00), and MA60 (24,542.33), with short-term moving averages forming support and the price currently testing upward for a...
London Metal Exchange has reappointed John Williamson as Chairman of the Board following the completion of his initial term. Williamson said the exchange had gone through a period of significant change and transformation over the past three years. In his words, “Over the past three years, the...
China's alumina prices held broadly steady during May 1-7 after a brief uptick seen ahead of the May Day holiday over May 1-5, as cautious sentiment prevailed in the spot market amid signs of loosening supply following temporary pre-holiday tightness. According to Mysteel's price assessment, the...
Shares of Aluminium Corporation of China Limited slipped 3.38 per cent on Monday, May 11, closing at HKD 11.15 (USD 1.43) from HKD 11.54 (USD 1.48) on the Hong Kong Stock Exchange, amid broader weakness across the commodities sector. According to market data from StockInvest.us dated May 12, 2026,...
During the night session, aluminium alloy 2607 exhibited an overall trend of "retreat after rapid rise, hovering at lows." From the intraday perspective, prices first dipped quickly to around 23,180 after the opening, then rebounded as capital flowed in, briefly surging to around 23,340-23,350,...
Futures: The most-traded SHFE aluminium 2606 contract closed at RMB 24,690 per tonne, up 0.57 per cent. The price was above MA5 (24,554.00), MA10 (24,614.50), and MA60 (24,532.25), but below MA30 (24,753.83), with short-term moving averages providing support while the price was under pressure at...
The deal, valued at about Yuan 47 million (USD 6.9 million) based on current coal prices, allows for a variation of plus or minus 10 per cent in volume, according to the filing. Shipments are scheduled to begin this month and will continue until the contracted volume is fully delivered and settled....
The most-traded SHFE aluminium 2606 contract closed at RMB 24,380 per tonne, down 0.16 per cent. The price was below MA5 (24,473.00), MA10 (24,628.00), MA30 (24,723.33), and MA60 (24,518.25), with short- and medium-term moving averages all forming resistance and the price breaking below all moving...
The money tells the story. Western governments just committed USD 12.1 billion in new mining project capital through 30 partnerships at the 2026 PDAC conference, while the US launched its FORGE coalition, pulling in 54 nations and locking down 11 bilateral supply agreements in a single day. That...
Aluminium scrap: China's aluminium scrap market swung wildly this week following primary aluminium. As of May 7, SMM A00 aluminium price closed at RMB 24,050 per tonne, down RMB 340 per tonne W-o-W from pre-holiday levels. Shredded aluminium tense scrap (delivered price) mainly operated in the...
The most-traded SHFE aluminium 2606 contract closed at RMB 24,410 per tonne, up 0.12 per cent. The price was below MA5 (24,513.00) and MA10 (24,692.50), but still above MA30 (24,699.00) and MA60 (24,496.92), with short-term moving averages forming resistance while medium-term support remained...
For more than a decade, the phrase “industrial overcapacity” has been shorthand for possible inefficiency in China’s heavy industries — too many smelters, too much idle infrastructure, too much capital trapped in sectors that Beijing has repeatedly tried to rationalise. Aluminium has often sat at...
