H1’26 LME aluminium stocks dip 31.82%: Russian sanctions & Gulf crisis pack a double blow
As we reflect on the Middle East crisis that commenced on February 28, 2026, and stretched into the second half of the year, it brings to mind the dramatic rise and fall of the London Metal Exchange (LME) aluminium price that reached four-year highs before cooling down. The skyrocketing prices...
Macro rate hike expectations pressure aluminium prices, while China's continued destocking underpins the market
Futures: The most-traded SHFE aluminium 2610 contract closed at RMB 24,000 per tonne, down RMB 190 from yesterday's settlement price, a decline of 0.79 per cent. It opened at RMB 24,100.00 per tonne during the day and fluctuated within a range of RMB 23,920-24,100 per tonne. The price traded below...
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Constellium’s Q2 revenue dropped 33% to €1.0 billion due to lower shipments and lower metal prices
Constellium reported results for the second quarter ended June 30, 2020. For the second quarter of 2020, shipments stood at 310 thousand tons, a decrease of 25% compared to the second quarter of 2019 due to lower shipments in all three segments. Revenue stood at €1.0 billion, down 33% year on year...
Amid COVID-19: Hydro’s primary aluminium production grows 5% YoY in Q2'20, underlying EBIT grows attributing to Alunorte production hike
Hydro has released its second-quarter results of 2020, wherein it has reported a year-on-year increase of 5 per cent in primary aluminium production. From 486,000 tonnes in Q2 2019, Hydro’s primary aluminium output in Q2 2020 surged to 509,000 tonnes. However, on a quarter-on-quarter comparison,...
Three-month LME aluminium closed 2.23% higher at US$1,699.5/t; SHFE aluminium edged up 0.04%
Three-month LME aluminium notched its highest since July 13 at US$1,702 per tonne on Tuesday. It ended 2.23% higher at US$1,699.5 per tonne. It is likely to move at US$1,680-1,720 per tonne today. As of Tuesday July 21, LME aluminium cash (bid) price stands at US$ 1646.50 per tonne, LME official...
A00 aluminium ingot price grows by RMB110/t with premium spot price lowered at RMB130-170/t, Australian alumina FOB price down to $281/t
According to the Shanghai Metals Market, the A00 aluminium ingot price has increased by RMB 110 per tonne to RMB 14,520 per tonne on Wednesday, July 22, following a decline from RMB 14,480 per tonne to RMB 14,410 per tonne on the previous day. Today, the average prices are expected to range between...
A00 aluminium ingot price slipped by RMB 70/t; Aluminium alloy (A356) price decreased to stand at RMB 15000/t
A00 aluminium ingot price registered a decrease of RMB 70 per tonne from Monday’s price of RMB 14480 per tonne. The price now stood at RMB 14410 per tonne on Tuesday, 21 July 2020 and is expected to move within a range of RMB 14390-14430 per tonne. In Foshan and Wuxi, the price dropped by RMB 110...
LME aluminium price closed slightly higher at $1621/t on lower opening stock; SHFE increased after four declines in a row
The US dollar fell on Monday against a basket of rivals, as risk appetite improved on a flurry of announcements about a potential COVID-19 vaccine and expectations of more stimulus from Europe and from the US. Three-month LME aluminium closed little changed at US$ 1,662.5 per tonne on Monday in...
Three-month LME aluminium ended lower on the day at US$1,663/t; SHFE aluminium fell 0.28%
The US dollar was broadly lower last Friday as the euro climbed to close to a four-month high. LME and SHFE base metals traded lower for the most part on last Friday night. Three-month LME aluminium recovered during the American trading hours after it slipped to a session low of US$1,652 per tonne....
Primary aluminium inventories increase in China after over three months, stocks peg at 712,000t
After declining for more than the last three months, the social inventories of primary aluminium in China have recorded a rise across eight major consumption areas, including SHFE warrants, to stand at 712,000 tonnes, as of Monday, July 20, found the Shanghai Metals Market. Last week, on July 16,...
A00 aluminium ingot price grows by RMB110/t over the weekend after four straight declines; Aluminium alloy (A356) price up by RMB100/t
The A00 aluminium ingot price has recorded a hike of RMB 110 per tonne over the weekend ending July 20 to stand at RMB 14,480 per tonne, following four consecutive declines from RMB 15,320 per tonne to RMB 14,370 per tonne during July 13-17, according to the Shanghai Metals Market. The average...
Weekly update: Alumina prices remain flat over the week; A00 aluminium price in China performed lower
The alumina price in China continued to remain flat over the week. The average spot price started the week higher at RMB 2495 per tonne on Monday, July 13, up RMB 50 per tonne from Friday. Alumina price remained unchanged in the last four days of the week. Other raw materials like Bauxite...
LME aluminium price displayed bearish trend last week ranging between $1664.50-1618/t; SHFE price also edged lower
The US dollar started the week lower on July 13, and then fell to its lowest in more than a month against a basket of rivals on Tuesday, July 14. On Wednesday, July 15, the dollar expanded its decline and stood at the lowest level in nearly five weeks. On Thursday, July 16, the currency, however...
Nalco decreases aluminium ingot price by nearly 2% to INR 140,750-144,250/t w.e.f July 18
National Aluminium Company has decreased its aluminium ingot and aluminium product prices with effect from Saturday, July 18, following a hike on July 10. The company has cut its aluminium ingot price by INR 2,700 per tonne or 1.88 per cent to INR 140,750-144,250 per tonne. After the last hike with...
Hindalco cuts its aluminium ingot and product prices by INR2250/t with effect from July 17
Hindalco Industries Limited has cut its aluminium ingot and product prices with effect Friday, July 17, following three consecutive hikes last week. The aluminium ingot price of the company has been reduced by INR 2,250 per tonne or 1.56 per cent to INR 141,250 per tonne. After the last hike on...
Vedanta reduces aluminium ingot price by 1.50% to INR140000-153000/t w.e.f July 17
According to the latest update, Vedanta Limited has cut its aluminium ingot and product prices with effect from today, July 17, following three consecutive hikes during July 8-10. The company’s aluminium ingot price is now ranging between INR 140,000-153,000 per tonne, down by INR 2,250 per tonne...
A00 aluminium ingot price inches down by RMB160/t; Aluminium alloy (A356) price stands at RMB15000/t
A00 aluminium ingot price registered a decrease of RMB 160 per tonne from Thursday’s price of RMB 14530 per tonne. The price now stood at RMB 14370 per tonne on Friday, 17 July 2020 and is expected to move within a range of RMB 14350-14390 per tonne. In Foshan and Wuxi, the price dropped by RMB 170...
LME aluminium price edged lower by $24/t on US dollar rise after four consecutive days of losses; SHFE extended decline
The US dollar rose on Thursday, July 16, while global stocks fell, as investors reacted to a mixed batch of economic data out of China and the US. The US dollar index, which measures the currency against a basket of rivals, gained 0.29 per cent to 96.250, after four consecutive days of losses....
Three-month LME aluminium ended at US$1,678.5/t; SHFE aluminium fell 0.72%
The US dollar declined to the lowest level in nearly five weeks. LME aluminium shed 0.24% and SHFE aluminium dropped 1.24%. Three-month LME aluminium recovered from a session low of US$1,673 per tonne, ending last night at US$1,678.5 per tonne. LME aluminium is expected to trade between...
A00 aluminium ingot price extends decline to RMB14530/t; Premium spot price grows by RMB250/t on brisk trading
According to the Shanghai Metals Market, the A00 aluminium ingot price has expanded its downfall than the previous day by about RMB 170 per tonne to stand at RMB 14,530 per tonne, as of Thursday, July 16. Yesterday, the price fell by RMB 120 per tonne, and today, it declined by RMB 290 per tonne....
