What does the building and construction market mean for aluminium extrusion industry? The answer may depend less on how much the world builds and more on where it builds and what those buildings require. As construction activity picks up across regions, aluminium extrusion is set to follow - but...
Aluminium prices settled 0.35 per cent higher at INR 345.6 (USD 3.64), backed by declining exchange inventories, expectations of additional fiscal measures in China and concerns over constrained supply from the Middle East. However, improving production prospects in the region limited further...
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A Pentagon-led simulation has brought fresh attention to the US’ dependence on imported high-purity aluminium, a critical raw material used in military aircraft, armoured vehicles and other defence applications. Conducted months before recent disruptions spurred by the Middle East conflict, the...
Futures: The most-traded SHFE aluminium 2609 contract closed at RMB 23,835 per tonne, up RMB 70 from the previous settlement price, a gain of 0.29 per cent. It opened at RMB 23,785.00 per tonne today and fluctuated in a range of RMB 23,740–23,905 per tonne. Prices were trading above the MA5...
Global fuel markets have become significantly tighter than crude oil markets as refining capacity, rather than crude supply, emerges as the primary constraint following the Middle East conflict, driving refining margins to record highs and boosting earnings for the world's largest oil companies....
The sharp aluminium price rally , propelled by geopolitical tensions from the Middle East conflict and resulting supply-side disruptions , has renewed investor interest in India’s metal sector. According to a report by PL Capital , elevated London Metal Exchange (LME) aluminium prices , coupled...
Futures: The most-traded SHFE aluminium 2609 contract closed at RMB 23,745 per tonne rose by RMB 20 compared to yesterday's settlement price, a gain of 0.08 per cent, opened at RMB 23,800 per tonne during the session, and fluctuated within a range of 23,715 to RMB 23,840 per tonne. The price traded...
Recently, during the Federal Reserve's interest rate meeting, the aluminium futures prices at Shanghai Futures Exchange (SHFE) delivered an impressive performance. The day before the meeting, SHFE aluminium was the first among non-ferrous metals to rise against the broader trend; after the decision...
Futures: The most-traded SHFE aluminium 2609 contract closed at RMB 23,730 per tonne, up RMB 145 or 0.61 per cent from the previous day’s settlement price. It opened at RMB 23,620 per tonne during the day and fluctuated in a range of RMB 23,535–23,755 per tonne. The price traded above MA5...
The aluminium industry's growth story is increasingly being shaped by value-added manufacturing rather than production volumes. Robust earnings, expansion projects and business diversification continued to strengthen confidence in downstream aluminium, with several producers raising their outlooks...
Macro perspective The US Fed announced on Wednesday that it held rates steady at 3.50 per cent-3.75 per cent, marking the fifth consecutive meeting with no change. According to the CME FedWatch Tool, after the Fed’s decision, the probability of rates remaining unchanged in September and October...
Market: The most-traded SHFE aluminium contract opened at RMB 23,455 per tonne during the night session on July 29, hit a high of RMB 23,510 per tonne, a low of RMB 23,420 per tonne, and finally closed at RMB 23,480 per tonne, up 0.11 per cent from the previous close. During this session, the price...
The International Energy Agency (IEA) has warned that escalating tensions involving Iran are increasing risks to global energy security, with concerns centred on potential disruptions to key oil transit routes and critical energy infrastructure across the Middle East. According to the agency, the...
Aluminium stocks on the London Metal Exchange (LME) have slumped to their lowest level this century as supply constraints stemming from the conflict in the Middle East continue to force consumers to draw down exchange inventories to secure physical metal. While the market is still forecasting...
The most-traded SHFE aluminium 2609 contract closed at RMB 23,220 per tonne today, up RMB 45 or 0.19 per cent intraday. Trading volume was 194,176 lots, open interest was 251,435 lots, up 268 lots on the day, indicating some new positions were added. There were signs of mild long-short battle in...
The most-traded SHFE aluminium 2609 contract closed at RMB 23,195 per tonne today, down RMB 25 for a 0.11 per cent decline. Trading volume stood at 133,450 lots, with open interest at 251,167 lots, a daily decrease of 1,858 lots as open interest edged lower, reflecting signs of minor position...
The Middle East updates on rising geopolitical tensions continue to fill the board. Still, aluminium prices have all the gains triggered by the Middle East crisis that began on February 28 this year. The London Metal Exchange (LME) aluminium price chart recorded the three-month contract slipping...
Futures: In the night session on July 24, the most-traded SHFE aluminium contract opened at RMB 23,195 per tonne, reached a high of RMB 23,220 per tonne and a low of RMB 23,105 per tonne, and finally closed at RMB 23,205 per tonne, down 0.09 per cent from the previous settlement. During this...
The effects of the ongoing Middle Eastern conflict are now being felt beyond global shipping lanes, reaching supermarket shelves in India through a higher-priced Diet Coke. Supply disruptions affecting aluminium cans have prompted Coca-Cola to change its packaging strategy, illustrating how...
Macro Front The US-Iran conflict continues to escalate, maintaining disruptions to shipping in the Strait of Hormuz. Regional geopolitical risk premiums persist and supply uncertainties linger. The US CPI monthly rate turned negative for the first time in six years, dampening market expectations of...
