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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LME aluminium price closed lower at $1593.5/t amid opening stock decline; SHFE hiked for the third straight day
The US dollar slipped on Wednesday, July 1, in choppy trading, with the market having a modest appetite for risk-taking amid generally upbeat US data and improving European economic numbers. The dollar index, which tracks the greenback against basket of its peers, touched a one-week low of 97.025...
Australian alumina FOB price climbs to stand at USD 262/t; A00 aluminium ingot price up by RMB 190/t
The average spot alumina price in China is up by RMB 5 per tonne on Wednesday, 01 July 2020. Alumina price stands at RMB 2281 per tonne, after rising by RMB 15 per tonne on June 30. Alumina prices have increased across all major markets in China, except South. The prices of alumina in East,...
Three-month LME aluminium ended at US$1,618/t; SHFE closed the day 0.77% higher
The US dollar edged lower after rose on Tuesday. LME and SHFE base metals ended mixed overnight. LME aluminium grew 0.31% and aluminium gained 0.72%. Three-month LME aluminium hovered in a broad range between US$1,615-1,626 per tonne. It ended higher on the day at US$1,618 per tonne. As of Tuesday...
Three-month LME aluminium closed higher at $1613/t for the second consecutive session; SHFE hiked to $1977/t
The US dollar started the week on a negative footing and edged lower on Monday. Market sentiment was lifted as the European Union is preparing to open its borders to travellers from 14 countries after months of lockdown. Three-month LME aluminium closed higher for the second consecutive session,...
Hindalco hikes its aluminium ingot price by INR2,750/t to stand at INR 138,000/t
Hindalco Industries Ltd has raised its aluminium products price after cutting it by more than 1% on June 26. With effect from Saturday June 27, Hindalco aluminium ingots price now stands at INR 138,000 per tonne, an increase of 2.03% or INR 2,750 per tonne from INR 135,250 per tonne on June 26. The...
Chinese primary aluminium inventories decline shrink to 4,000 tonnes since last Wednesday
Shanghai Metals Market found further downfall, although slower, in Chinese primary aluminium ingots inventories over the past three-day Dragon Boat Festival holiday. According to the data, the inventories across eight major consumption areas, including SHFE warrants, decreased 4,000 tonnes from...
Three-month LME aluminium ended Friday at US$1,597.5/t; SHFE aluminium grew some 0.5%
The US dollar strengthened last Friday and once rose to the highest in almost four days. LME aluminium climbed 1.69%. Three-month LME aluminium ended Friday at US$1,597.5 per tonne, up 1.69% on the day. Investor reaction to the ongoing coronavirus situation in the US will continue to be watched. As...
A00 aluminium ingot price in China edges higher by RMB80/t amid muted input costs; Aluminium alloy (A356) price up by RMB50/t
According to Shanghai Metals Market, the A00 aluminium ingot price has recorded a hike over the Chinese Dragon Boat Festival Holiday by RMB 80 per tonne to stand at RMB 14,090 per tonne on Monday, June 29. The average prices are expected to range between RMB 14,070 per tonne and RMB 14,110 per...
Vedanta hikes its aluminium products price by INR 3,000/t with effect from June 27
Vedanta has raised its aluminium products price after cutting the price of the same product for the second time in a row. With effect from Saturday 27 June 2020, the prices of some aluminium ingots are in the range of INR 136,750-149,750 per tonne, marking an increase of INR 3,000 per tonne or...
Hindalco’s aluminium ingot price stands at INR135,750/t after second consecutive day of cut on June 26
Hindalco Industries Limited has again cut its aluminium prices today, on June 26, just after reducing them yesterday by INR 2000 per tonne. This marks the second back-to-back day in a week that Hindalco has trimmed its aluminium prices. Today, the company has cut the prices by INR 1750 per tonne,...
Vedanta’s aluminium ingot price stands at INR 133,750-146,750/t with effect from June 26
Vedanta has reduced its aluminium products price for the second time in a row. With effect from Friday 26 June 2020, the prices of some aluminium ingots are in the range of INR 133,750-146,750 per tonne. This marks a drop of INR 2000 per tonne or 1.47% from INR 135,750-148,750 per tonne on June 25....
LME aluminium price recorded second straight decline at US$1543.5/t; SHFE contract finished the day 0.51% lower
Benchmark aluminium price on the London Metal Exchange dropped 1.31 per cent to US$ 1543.50 per tonne on Thursday, June 25, from US$ 1564 per tonne on Wednesday, June 24. As of Thursday, June 25, LME aluminium cash (bid) price and LME official settlement price slipped by US$ 20.5 per tonne to stand...
China’s aluminium production sector looks promising even after the COVID-19 crisis, suggests analyst
China’s giant aluminium production sector looks like being untouched by the COVID-19 crisis, according to an observation by a columnist for Reuters. The country’s annualised production has increased by 718,000 tonnes over the first five months of 2020, as per the latest estimate from the...
Vedanta reduces its aluminium ingot price by INR2000/t with effect from June 25
Vedanta has cut its aluminium products price on Thursday after raising it by more than 1% on June 18. With effect from Thursday 25 June 2020, the prices of some aluminium ingots are in the range of INR 135,750-148,750 per tonne, marking a decline of INR 2000 per tonne or 1.45% from INR...
LME aluminium price closed Wednesday’s trading at US$ 1564/t; SHFE aluminium fell 0.5%
Benchmark aluminium price on London Metal Exchange dropped 0.86 per cent to US$ 1564 per tonne on Wednesday, June 24, from US$ 1577.5 per tonne on Tuesday. As of Wednesday June 24, LME aluminium cash (bid) price stands at US$ 1564 per tonne, LME official settlement price stands at US$ 1564 per...
Hindalco cuts its aluminium ingot price by INR2000/t with effect from June 25 after a hike last week
Hindalco Industries Limited has again reduced its aluminium prices in line with the market demand and supply, following a hike last week. The company has cut its aluminium ingot price by INR 2000 per tonne or 1.43 per cent, with effect from June 25, to bring down the price at INR 137,500 per tonne...
Primary aluminium inventories continue to trend down over brisk trading ahead of the Dragon Boat Festival holiday
Primary aluminium inventories have extended the downfall by 32,000 tonnes over the week ending on Wednesday, June 24, according to Shanghai Metals Market. Data shows the inventories after declining across eight major Chinese consumption areas, including SHFE warrants, have come in at 722,000 tonnes...
Bauxite price in Shanxi up by RMB5/t; A00 aluminium ingot stands at RMB14010/t
The average Bauxite (4.5≤Al/Si＜5.5) price in Shanxi stands at RMB 370 per tonne on Wednesday, 24 June 2020, an increase of RMB 5 per tonne, after remaining flat at RMB 365 per tonne since April 29. The average price is expected to move within a range of RMB 350-RMB 390 per tonne. A00 aluminium...
