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 increased to $1577.5/t; Most-liquid SHFE contract came off from session highs
The US dollar continued to edge lower on Tuesday, June 23, hitting the lowest level in more than a week, as the US President Donald Trump boosted investors’ optimism after he tweeted that the trade deal with China was “still intact”. This followed an increase in the greenback when the markets were...
Three-month LME aluminium ended at US$1,601/t; SHFE aluminium gained 1.07%
The US dollar fell on Monday. Overnight, LME and SHFE base metals closed mostly higher. LME aluminium added 0.95% and SHFE aluminium increased 0.96%. Three-month LME aluminium rebounded after initially falling to a session low of US$1,581.5 per tonne. It ended up 0.95% on the day at US$1,601 per...
NALCO increases its aluminium prices by nearly 1% w.e.f June 20 in line with market demand and consumption
National Aluminium Company Limited (NALCO) has again increased its aluminium prices with effect from Saturday, June 20, following a cut on Wednesday, June 17. According to the prices revealed by the company, aluminium ingots prices are now ranging between INR 140050 per tonne and INR 143,550 per...
A00 aluminium ingot price in China again crosses RMB14,000/t benchmark amid muted input costs
On a further downfall of the social inventories of primary aluminium ingots in China on a brisk consumption on Monday, June 22, the price of A00 aluminium ingot has recorded a hike of RMB 70 per tonne to RMB 14,030 per tonne, found Shanghai Metals Market. This marks the second consecutive growth of...
A00 aluminium ingot price climbs RMB50/t; Aluminium alloy (A356) price stands at RMB14600/t
A00 aluminium ingot price registered an increase of RMB 50 per tonne from Friday’s price of RMB 13910 per tonne. The price now stood at RMB 13960 per tonne on Monday, 22 June 2020 and is expected to move within a range of RMB 13940-13980 per tonne. In Foshan and Wuxi, the price rose by RMB 40 per...
Three-month LME aluminium finished lower at US$ 1,586 per tonne; SHFE climbed US$8/t
The US dollar rose for the fourth consecutive day last Friday and posted its best weekly gain in a month, as fears of a second wave of coronavirus infections boosted demand for safe-haven assets. The dollar index, which measures the greenback against six major peers, was up 0.2% at 97.622, notching...
LME aluminium price trended up this week by US$32/t on declining opening stock; SHFE price edged lower over the week
The US dollar declined on Monday, June 15, amid mounting fears of a second wave of the coronavirus pandemic, while on Tuesday it rose on the back of a record rise in US retail sales. On Wednesday, the dollar continued to move higher and further expanded on Thursday, June 18. Three-month LME...
Weekly update: Alumina price in China ended the week flat; A00 aluminium price saw mixed performance
The alumina price in China continued to remain flat over the week. The price on Tuesday increased by RMB 12 per tonne to stand at RMB 2259 per tonne, after remaining flat on Monday. The price stood at RMB 2261 per tonne on June 18, up RMB 2 per tonne. The price did not show any movement on Friday....
Three-month LME aluminium ended the day 0.47% lower; SHFE aluminium retreated 0.4%
The US dollar extended its increase on Thursday. Overnight, LME aluminium fell 0.47% and SHFE aluminium shed 0.65%. Three-month LME aluminium tested support from the 10-day moving average as it fell from a session high of US$1,615.5 per tonne. It ended the day 0.47% lower at US$1,600 per tonne. LME...
NALCO cuts aluminium ingots and products prices by INR2,600/t with effect from June 17
Following the two consecutive hikes, National Aluminium Company Limited (NALCO) has decreased its aluminium ingots and aluminium products prices by INR 2,600 per tonne or 1.8 per cent with effect from Wednesday, June 17. NALCO’s aluminium ingots price is thus, now hovering at INR 139050-142550 per...
A00 aluminium ingot price declines for the second consecutive day to RMB13,910/t; Price of aluminium powder dips 0.57%
According to Shanghai Metals Market, the A00 aluminium ingot price has recorded a decline for the second consecutive day of RMB 60 per tonne to stand at RMB 13,910 per tonne, as of Friday, June 19. The average prices are expected to range between RMB 13,890 per tonne and RMB 13,930 per tonne, with...
Vedanta hikes its aluminium prices by INR 2,000 per tonne following two back-to-back cuts
According to the recent report, Vedanta has increased its aluminium ingots prices by INR 2000 per tonne or 1.47 per cent with effect from Thursday, June 18. The prices are thus, now ranging between INR 137,750 per tonne and INR 150,750 per tonne, as compared to INR 135,750-148,750 per tonne on...
Aluminium billet inventories in China decline by 2,500 tonnes on increased shipments from warehouses
Inventories of aluminium billets in China have declined this week ending on Thursday, June 18, as shipments from warehouses increased while arrivals decreased in contrast, found Shanghai Metals Market. SMM data shows, aluminium billets inventories today have declined by 2,500 tonnes across the five...
Alumina price in China stands marginally higher; Australian alumina FOB price up USD2/t
The average spot alumina price in China has risen by RMB 2 per tonne or 0.09 per cent on Thursday, after remaining flat on Wednesday. Alumina price stands at RMB 2261 per tonne. Alumina prices have remained unchanged across all major markets, except North China market. The price of alumina in North...
Hindalco increases its aluminium prices by 1% with effect from June 18 after two consecutive declines last week
Hindalco Industries Limited has increased its aluminium products prices with effect from Thursday, June 18, after two consecutive declines last week. With the latest hike, the company’s aluminium ingot price is now standing at INR 139,500 per tonne, an increase of INR 2,250 per tonne or 1.63 per...
LME aluminium price grew for the second consecutive day to $1577.50/t; SHFE price plunged by $16/t
The US dollar continued to move higher on Wednesday, June 17, as investors safe haven demand increased amid concerns about the coronavirus pandemic with a surge in cases in some US states. Three-month LME aluminium ended higher for the third consecutive day, as it bounced back after dipping to a...
Three-month LME aluminium ended up 1.04%; SHFE aluminium jumped nearly 2%
The US dollar rose on Tuesday on the back of a record rise in US retail sales. LME and SHFE base metals mostly closed higher on the day. Three-month LME aluminium gained for the second straight session. It ended up 1.04% on the day at US$1,604 per tonne. As of Tuesday June 16, LME aluminium cash...
A00 aluminium ingot price grows for the third consecutive day to cross RMB14000/t; Input costs remain muted
The A00 aluminium ingot price in China has recorded a hike for the third straight day on Wednesday, June 17, found Shanghai Metals Market. Following the growth of RMB 150 per tonne on June 16, the A00 aluminium ingot price today has climbed by RMB 110 per tonne to stand at RMB 14,080 per tonne....
