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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Australian alumina FOB price climbs 1.18%; A00 aluminium ingot price inches up by RMB 150/t
The average spot alumina price in China has increased by RMB 12 per tonne or 0.53 per cent on Tuesday, 16 June 2020, after two days of restraint. Alumina price stands at RMB 2259 per tonne. Alumina prices have increased in in Central and North China markets. The prices of alumina in Central and...
America’s exclusion of Canada from its aluminium import tariff is under the scanner
The United States removing Canada’s exclusion from aluminium tariffs with quotas, focusing to encourage the survival chances of the local producers. The aluminium market has exhibited its price rising in the prospect. However, some US aluminium industry references are expecting the exemption to be...
LME aluminium price slipped by $4/t on higher opening stock; SHFE price declined to US$1947/t
The US dollar declined on Monday amid mounting fears of a second wave of the coronavirus pandemic. The Federal Reserve announced it would buy individual corporate bonds in the secondary market, and this sparked a risk-on move, sending US stocks higher and safe-haven assets like the US dollar lower....
Vedanta cuts aluminium ingot price for the second time in a row
Vedanta has cut its aluminium products price for the second time in a row. With effect from Saturday 13 June 2020, the prices of some aluminium ingots are in the range of INR 135,750-148,750 per tonne, registering a decline of INR 1500 per tonne or 1.09% from INR 137,250-150,250 per tonne on June...
Hindalco reduces aluminium ingot price by INR 1,500/t with effect from June 13
Hindalco Industries Ltd has cut its aluminium products price, marking the second consecutive fall. With effect from June 13, Hindalco aluminium ingots price now stands at INR 137,250 per tonne, a drop of 1.08% or INR 1,500 per tonne from INR 138,750 per tonne on June 12. The company is now selling...
Three-month LME aluminium declined for the second straight day; SHFE aluminium lost 0.4%
The US dollar increased on Friday. The dollar index, which measures the greenback against six major peers, gained 0.15% on the week after hitting its highest level since June 4 at 97.45. LME aluminium shed 1.13% and SHFE aluminium went up 0.41%. Three-month LME aluminium fell for the second...
China’s primary aluminium production in May stands highest since December: NBS
According to the data released by the National Bureau of Statistics, China’s primary aluminium production in May stood at 2.98 million tonnes, which was marginally up by 0.4 per cent from 2.967 million tonnes in April and the highest since December 2019. The launch of new smelting capacity and the...
A00 aluminium ingot price grows by RMB20/t on further plunge in inventories, input costs remain muted
The A00 aluminium ingot price has recorded a rise of RMB 20 per tonne to stand at RMB 13,820 per tonne on Monday, June 15, following a decline from RMB 13,860 per tonne to RMB 13,800 per tonne on June 12, found Shanghai Metals Market. The hike in A00 aluminium ingot price today could be attributed...
Vedanta cuts aluminium ingot price by INR 2000/t with effect from June 12
Vedanta has cut its aluminium products price after three hikes in a row. With effect from Friday, 12 June 2020, the prices of some aluminium ingots are in the range of INR 137,250-150,250 per tonne, marking a drop of INR 2000 per tonne or 1.44% from INR 139,250-152,250 per tonne on June 11. With...
Hindalco cuts aluminium ingot price by INR 2,000/t with effect from June 12
Hindalco Industries Ltd has reduced its aluminium products price after four hikes in a row. With effect from June 12, Hindalco aluminium ingots price now stands at INR 138,750 per tonne, a drop of 1.42% or INR 2,000 per tonne from INR 140,750 per tonne on June 11. The company is now selling its...
NALCO’s aluminium ingots price stands at INR 41,650 – 145,150/t with effect from June 11
National Aluminium Company Limited (NALCO) has increased its aluminium products price for second time in a row. With effect from Thursday, 11 June 2020, NALCO's aluminium ingots price stood at INR 141,650 – 145,150 per tonne, registering a hike of INR 4,900 or 3.58 per cent from INR 136,750-140,250...
Hindalco hikes aluminium ingot price for the fourth time in a row
Hindalco Industries Ltd’s aluminium products price continued to trend higher. This marked the fourth consecutive hike in the price of the same products. With effect from June 11, Hindalco aluminium ingots price now stands at INR 140,750 per tonne, marking an increase of 2.55% or INR 3,500 per tonne...
Prebaked anode price in Southwest China down by RMB 150/t; A00 ingot price stands at RMB13800/t
Prebaked anode price in Southwest China market has edged lower by RMB 150 per tonne. As on Friday, 12 June 2020, prebaked anode price has ranged at RMB 2750-3090 per tonne; the average price stand at RMB 2920 per tonne, after remaining flat at RMB 3070 per tonne since May 6. The prebaked anode...
LME aluminium price declined sharply to US$1582/t on US dollar gain; SHFE fell to US$1949/t
The US dollar gained on Thursday, June 11 as US stocks plunged amid reduced expectations that the global economy would recover swiftly from the coronavirus pandemic, following Wednesday’s economic outlook from the Federal Reserve. The three-month LME aluminium declined, closing the day 2.03 per...
Primary aluminium inventories in China decline below 800,000 tonnes
The primary aluminium ingot inventories in China have continued to trend down today, on June 11, found Shanghai Metals Market. The stocks across eight major consumption areas, including SHFE warrants, have decreased by 60,000 tonnes over the week to stand as low as 787,000 tonnes, following a...
Vedanta expands its aluminium price hike to nearly 3% with effect from June 11
According to a recent report, Vedanta has further increased its aluminium ingot and billet prices with effect from Thursday, June 11, marking the third consecutive growth. While the rate of price hike has increased from the earlier time to 2.77 per cent or INR 3,750 per tonne, the aluminium ingot...
Alumina spot price in China extends growth to RMB2247/t; A00 aluminium ingot price also echoes the uptrend
According to Shanghai Metals Market, the average alumina spot price has extended its growth by RMB 9 per tonne to stand at RMB 2,247 per tonne on Thursday, June 11. In the east and central, the price has increased by RMB 10 per tonne to RMB 2,225 per tonne and RMB 2,250 per tonne, while that in the...
LME aluminium price surged to US$1613.5/t on extended loss of US dollar; SHFE price grew further by US$13/t
The US dollar extended losses on Wednesday, falling to a fresh three-month low against a basket of major currencies after the Federal Reserve made no policy changes, as expected. Three-month LME aluminium recovered its declines from March as it climbed on a softened US dollar, hitting a session...
