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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Vedanta Ltd increases its aluminium ingot and billet prices by INR1250/t with effect from July 8
Vedanta Limited has increased its aluminium ingot and aluminium billet prices with effect from July 8, following the two consecutive cuts on July 1 and July 4. The aluminium ingot price has been raised by INR 1,250 per tonne or 1 per cent to INR 136,750-149,750 per tonne. After the last cut,...
Average alumina spot price in China expands growth to stand at RMB2408/t, A00 aluminium ingot price declines higher
According to Shanghai Metals Market, the average alumina spot price in China has recorded a higher hike today, on July 8, by RMB 38 per tonne to stand at RMB 2,408 per tonne. In the east, the alumina price has grown by RMB 50 per tonne to RMB 2,400 per tonne, while that in the central and north has...
LME aluminium price recorded a slight rise to close at $1596.5/t; SHFE dipped after six declines in a row
The US dollar inched higher against a basket of currencies on Tuesday, July 7, holding above the near two-week low hit in the previous session, as investors turned uneasy over new coronavirus flare-ups and local lockdowns in some countries. Three-month LME aluminium held onto one-month highs on...
Three-month LME aluminium rose 1.43% to four-week highs; SHFE aluminium added 0.93%
Three-month LME aluminium advanced 1.43% to four-week highs of US$1,635 per tonne on Monday. It is likely to move between US$1,620-1,660 per tonne today. As of Monday July 6, LME aluminium cash (bid) price stands at US$ 1593 per tonne, LME official settlement price stands at US$ 1593 per tonne;...
COVID-19 Impact: Japanese aluminium premium stands lowest at $79/since December quarter 2016
According to a recent report from Reuters, some Japanese aluminium buyers have agreed to pay $79 per tonne of premium to a global producer for July to September shipments. Compared to the previous quarter premium, it is down by 3.7 per cent, attributing to the lower demand due to the COVID-19...
Australian alumina FOB price up USD 2/t; A00 aluminium ingot price stands at RMB 14440/t
The average spot alumina price in China is up by RMB 2 per tonne on Monday, 06 July 2020 to stand at RMB 2335 per tonne. Alumina prices remain unchanged across all major markets in China, except East. The average spot alumina price in East China is up by RMB 10 per tonne. Alumina price stands at...
Three-month LME aluminium fell nearly 1% to end at $1612/t; SHFE price up for the fifth straight day
The US dollar was hemmed into a narrow range on Friday, while European stocks closed lower as concern over a spike in US coronavirus infections tempered the optimism arising from upbeat economic data out of the US, China and the eurozone. Three-month LME aluminium fell 0.74 per cent to end at a...
Hindalco Industries’ aluminium ingot price stands at INR 136,750 per tonne with effect from July 4
Hindalco Industries Ltd has reduced its aluminium products price after hiking it the price of the same products on July 1. With effect from Saturday July 4, Hindalco aluminium ingots price now stands at INR 136,750 per tonne, a decrease of 2.15% or INR 3,000 per tonne from INR 139,750 per tonne on...
Vedanta cuts its aluminium products price by INR 3,000 per tonne
Vedanta cuts its aluminium products price after raising it for the second time in a row. With effect from Saturday 4 July 2020, the prices of some aluminium ingots are in the range of INR 135,500-148,500 per tonne, a decrease of 2.17% or INR 3,000 per tonne from INR 138,500-151,500 per tonne on...
LME aluminium price showed bullish sentiment this week on opening stock decline, SHFE trended up at $2022/t
The US dollar started the week on a negative footing and edged lower on Monday, June 29, and extended the downfall on Wednesday, July 1. Three-month LME aluminium closed higher on Monday, June 29, for the second consecutive session, ending at US$ 1,613 per tonne, up 0.97 per cent on the day. On...
Weekly update: Alumina price and A00 aluminium price in China performed higher over the week
The alumina price in China performed higher over the week, except Monday. The price on Tuesday increased by RMB 15 per tonne to stand at RMB 2276 per tonne, after remaining flat on Monday. The price stood at RMB 2333 per tonne on Friday July 3, up RMB 46 per tonne from RMB 2287 per tonne on...
NALCO’s aluminium ingots price stands at INR 140,150 – 143,650/t with effect from July 1
National Aluminium Company Limited (NALCO) has increased its aluminium products price for third time in a row. With effect from Wednesday July 1, NALCO's aluminium ingots price stood at INR 140,150 – 143,650 per tonne, registering a hike of INR 100 or 0.07 per cent from INR 140,050-145,550 per...
Chinese alumina spot price marks second-highest growth this year climbing RMB46/t, A00 aluminium ingot price shows restraint
The average alumina spot price in China has recorded a significant hike for the fourth day in a row, higher from the earlier three days, found Shanghai Metals Market. SMM data shows the price has climbed by RMB 46 per tonne or 2.01 per cent to stand at RMB 2,333 per tonne, as of Friday, July 3,...
Three-month LME aluminium closed at US$1,624/t; SHFE aluminium stayed flat
Three-month LME aluminium rebounded from a session-low of US$1,613 per tonne to a more than three-week high of US$1,630 per tonne before ending at US$1,624 per tonne. As of Thursday July 2, LME aluminium cash (bid) price stands at US$ 1601.50 per tonne, LME official settlement price stands at US$...
Hindalco again increases its aluminium prices by 1% w.e.f July 1 in line with rallying LME prices
Hindalco Industries Limited has increased its aluminium products prices by again 1 per cent for the second consecutive time, with effect from July 1, 2020. With the latest hike, the company’s aluminium ingot price has come in at INR 139,750 per tonne compared to INR 138,000 per tonne on June 27,...
Aluminium billet inventories increase by 6,900 tonnes week-on-week due to higher stock arrivals
Aluminium billet inventories in China have increased this week due to higher arrivals, found Shanghai Metals Market. SMM data shows the stocks of 6063 aluminium billet have rebounded by 6,900 tonnes week-on-week across five major consumption areas to stand at 73,200 tonnes, following a decline of...
Bauxite price in Shanxi stands at RMB 380/t; A00 aluminium ingot price extends growth
The average Bauxite (4.5≤Al/Si＜5.5) price in Shanxi stands at RMB 380 per tonne on Thursday, 02 July 2020, an increase of RMB 10 per tonne, after remaining flat at RMB 370 per tonne since June 24. The average price is expected to move within a range of RMB 360-RMB 400 per tonne. The average spot...
Vedanta increases its aluminium ingot price by INR 1,750/t to INR 138,500-151,500/t
Vedanta hiked its aluminium products price on Wednesday, July 1, marking the second consecutive rise in price. With effect from Wednesday 1 July 2020, the prices of some aluminium ingots are in the range of INR 138,500-151,500 per tonne, a rise of INR 1,750 per tonne or 1.28% from INR...
