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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Alumina price marginally higher at RMB2238/t; Al Fluoride price drops by RMB200/t
The average spot alumina price in China has inched up by RMB 2 per tonne on Wednesday, 10 June 2020. Alumina price stands at RMB 2238 per tonne, after remaining flat at RMB 2236 per tonne since June 3. Alumina prices remain unchanged across all major markets in China, except North. Alumina price in...
NALCO increases its aluminium prices by over INR4000/t with effect from June 6
National Aluminium Company Limited (NALCO) increased its aluminium prices with effect from Saturday, June 6. With the latest hike, NALCO's prices of aluminium ingots came in at INR 136,750-140,250 per tonne, up INR 4,200 or 3 per cent from INR 132,550-136,050 per tonne on May 9. The prices of...
LME aluminium price declined to US$1565.5/t on increasing opening stock; SHFE price continued to grow
The US dollar continued to trade lower against all of the European currencies on Tuesday ahead of the Federal Reserve’s monetary policy announcement. Three-month LME aluminium recovered after declined, but it failed to end higher on the day as it lost 0.12 per cent on the day at US$ 1,603 per...
Hindalco’s aluminium ingot price stands at INR137,250/t with effect from June 9
Hindalco Industries has raised the prices of its aluminium products for the third time in a row. With effect from June 9, Hindalco aluminium ingots price came in at INR 137,250 per tonne. This records an increase of 1.1% or INR 1,500 per tonne from INR 135,750 per tonne on June 6. The company is...
Hindalco hikes its aluminium ingot price by INR2500/t
Hindalco Industries Ltd has continued to increase the price of its aluminium ingots, billets and wire rods by 2%. This marked the second consecutive hike in the price of the same products. With effect from June 6, Hindalco aluminium ingots price now stands at INR 135,750 per tonne, marking an...
Three-month LME aluminium closed 0.82% higher; SHFE aluminium jumped 2%
The US dollar slipped on Monday. LME and SHFE base metals closed higher across the board last night. LME aluminium added 0.82% and SHFE aluminium gained 1.54%. Three-month LME aluminium traded robustly and broke up US$1,600 per tonne overnight. It ended 0.82% higher on the day at US$1,605 per...
A00 aluminium ingot price grows further by RMB150/t leading to lower spot contract; Aluminium fluoride price declines
The incessant downfall in Chinese primary aluminium stocks has resulted in further significant growth in A00 aluminium ingot price by RMB 150 per tonne to stand at RMB 13,850 per tonne, as of Tuesday, June 9, found Shanghai Metals Market. The average prices are expected to range between RMB 13,830...
Primary aluminium inventories in China continue to decline by 46,000 tonnes over the weekend
Echoing the lowering trend as of Thursday, June 4, the social inventories of primary aluminium again declined by 46,000 tonnes over the weekend ending Monday, June 8, across eight major Chinese consumption areas, including SHFE warrants, to stand at 801,000 tonnes, found Shanghai Metals Market. But...
A00 aluminium price inches up by RMB 220/t; Aluminium alloy (A356) price stands higher at RMB14400/t
A00 aluminium ingot price registered an increase of RMB 220 per tonne or 1.63 per cent from Friday’s price of RMB 13480 per tonne. The price now stood at RMB 13700 per tonne on Monday, 08 June 2020 and is expected to move within a range of RMB 13680-13720 per tonne. Spot aluminium contract is...
LME aluminium price increased to US$1553.50/t as opening stock stood down; SHFE price edged higher at US$1919/t
The US dollar rose slightly last Friday after data showed the US labour market unexpectedly improved in May, but the currency ended the week lower, for a third consecutive week. Uncertainties about the economic outlook and the possibilities of a second wave of the coronavirus infections capped the...
Vedanta hikes aluminium ingot price by INR 2500/t with effect from June 6
Vedanta has raised its aluminium ingot and billets price by 2% on Saturday. This marks the second consecutive hike in price of same products. With effect from Saturday, 06 June 2020, the prices of some aluminium ingots are in the range of INR 135,500-148,500 per tonne, marking an increase of INR...
LME aluminium price edged higher at US$1553.5/t during June 1-5; SHFE price slightly up at US$1880/t
The US dollar on Monday, June 1, fell against a basket of rivals for a fifth straight trading day as risk sentiment improved on optimism that the worst of the economic downturn caused by the global spread of the coronavirus may be in the past. On June 2, easing further, the dollar index, which...
Three-month LME aluminium closed lower at US$1,564.5/t; SHFE aluminium gained 0.5%
The euro jumped to a 12-week high against the US dollar on Thursday. The dollar index, which gauges the greenback against a basket of major currencies, fell for a eighth straight day and plumbed the lowest since March 12 at 96.5774. Three-month LME aluminium fluctuated to close a tad lower at...
A00 aluminium ingot price drops by RMB20/t on slower consumption; Australian alumina FOB price grows by US$2/t
On the weak consumption of domestic primary aluminium in China that led to a slower decline in inventories on June 4, the A00 aluminium ingot price has recorded a drop of RMB 20 per tonne to stand at RMB 13,480 per tonne on Friday, June 5, found Shanghai Metals Market. The average prices are...
Press Metal Aluminium’s 1QFY20 profit declines 10.9% YoY to RM102.57 million on lower aluminium prices
Press Metal Aluminium Holdings Berhad, the largest Aluminium smelter in South East Asia announced its financial results for the three months ended 31 March 2020. Revenue decreased by 15.7% year-on-year to RM1.83 billion in 1Q20. The group’s profit after tax and minority interest dropped by 10.9% to...
Hindalco increases its aluminium prices by over 1% with effect from June 4
After two consecutive cuts this month, Hindalco has increased the prices of its aluminium ingots, billets, and wire rods by over 1 per cent, with effect from June 4, 2020. With the latest price hike, Hindalco’s aluminium ingot price has jumped to INR 133,250 per tonne, 1.33 per cent higher from INR...
Aluminium billet inventories decline slows down this week on higher stock arrivals and lower shipments
According to Shanghai Metals Market, the inventories of aluminium billets have slowed their decline this week ending Thursday, June 4, as arrivals increased versus lower shipments from warehouses. SMM data shows the 6063 aluminium billet stocks have declined by 4,000 tonnes across five major...
A00 aluminium ingot price climbs by RMB 110/t; Aluminium alloy (A356) price stands at RMB14200/t
A00 aluminium ingot price climbed by RMB 110 per tonne or 0.82 per cent from Wednesday’s price of RMB 13390 per tonne, after two days of decrease. The price now stood at RMB 13500 per tonne today and is expected to move within a range of RMB 13480-13520 per tonne. Spot aluminium contract is likely...
