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 rebounded to US$1526/t after two consecutive declines; SHE climbed to US$1878/t
The US dollar eased further on Wednesday, June 3, while stocks on Wall Street posted yet another robust day, as better-than-expected economic data bolstered optimism over the recovery from coronavirus-led shutdowns, which outweighed brewing US-China tensions and widespread protests in the US. The...
Hindalco’s aluminium ingot price stands at INR 131,500/t with effect from June 3
Hindalco Industries Ltd has continued to cut prices of its aluminium ingots, billets and wire rods by 1%.This marked the second consecutive cut in price of the same products. With effect from June 3, the price for Hindalco aluminium ingots now stands at INR 131,500 per tonne, a decrease of 1.13% or...
Global aluminium producer seeks $85/t premium from Japanese buyers for Q3 primary metal shipments
According to a recent report, a global aluminium producer has asked for a premium of $85 per tonne from Japanese buyers for primary metal shipments during the September quarter of 2020. This is 3.7 per cent higher than the current quarter premium, reported three sources directly involved in...
Three-month LME aluminium ended at a 10-week peak; SHFE aluminium shed 1.06%
The US dollar eased further on Tuesday. The dollar index, which gauges the greenback against a basket of major currencies, fell for a sixth straight day and plumbed the lowest since March 13 at 97.4335. LME aluminium climbed 1.4% and SHFE aluminium inched up 0.3%. Three-month LME aluminium climbed...
Alumina spot price grows by RMB16/t after remaining restrained for a day; A00 aluminium ingot price drops further
According to Shanghai Metals Market, the average alumina spot price has recorded a hike of RMB 16 per tonne or 0.72 per cent to stand at RMB 2,236 per tonne, as of Wednesday, June 3. The price in the central has registered the highest growth of RMB 25 per tonne to stand at RMB 2,240 per tonne,...
Bearish global aluminium spot price encouraging investors to take part in metal storage trade
According to a recent survey, commodity investors are rushing to make profit from a surplus supply of aluminium. They are buying the metal to store and sell it for future delivery when millions of tonnes of lightweight metal are being produced across the world. As smelters are continuing to produce...
Hindalco cuts aluminium ingot price by 2% after three consecutive hikes
Hindalco Industries Ltd has cut prices of its aluminium ingots, billets and wire rods by 2% after hiking them for the third time in a row. With effect from June 1, the price for Hindalco aluminium ingots now stands at INR 133,000 per tonne, a decrease of 2.03% or INR 2,750 per tonne from INR...
A00 aluminium ingot price drops after three days of rise; Aluminium alloy (A356) price stands at RMB14100/t
A00 aluminium ingot price dropped by RMB 80 per tonne or 0.59 per cent from Monday’s price of RMB 13480 per tonne, after three days of increase. The price now stood at RMB 13400 per tonne today and is expected to move within a range of RMB 13380-13420 per tonne. Spot aluminium contract is likely to...
Three-month LME aluminium stepped down from two-month highs; SHFE down to US$1869/t
The US dollar fell against a basket of rivals for a fifth straight trading day on Monday 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. Three-month LME aluminium pulled back from two-month highs on...
China’s aluminium imports may hit a decade high with increasing arbitrage opportunity post COVID-19 recovery
According to Reuters report, traders and analysts estimate a significant rise in China’s aluminium imports to hit the highest level in a decade, as an arbitrage opportunity created by demand recovery after coronavirus outbreak has made the aluminium import cheaper than sourcing the metal from...
Hindalco’s aluminium ingot price stands at INR 135,750/t with effect from May 30
Hindalco Industries Ltd has raised prices of its aluminium ingots, billets and wire rods by more than 1%. This marked the third consecutive hike in price of the same products. With effect from May 30, the price for Hindalco aluminium ingots now stands at INR 135,750 per tonne, an increase of 1.5%...
China’s average alumina price extends growth to RMB2220/t; A00 aluminium ingot price up by RMB20/t
The average alumina spot price in China has grown for the second consecutive day by RMB 7 per tonne or 0.32 per cent to stand at RMB 2,220 per tonne, as of June 1, found Shanghai Metals Market. In the east, the alumina price has jumped by RMB 25 per tonne after a week-long restraint, with average...
Three-month LME aluminium ended the day 0.59% higher at US$1,547/t; SHFE aluminium added 0.84%
The US dollar extended its slide against a basket of rivals on Friday. LME aluminium climbed 0.6% and SHFE aluminium gained 0.5%. Three-month LME aluminium hit a new two month-peak of US$1,549 per tonne, before ending the day 0.59% higher at US$1,547 per tonne. Shanghai Metals Market expects the...
Weekly update: Alumina price ended the week higher; A00 aluminium price performed higher over the week
The alumina market in China was flat over the week. The price did not show any movement in the first three days of the week. On Thursday, May 28, the average spot price of alumina stood RMB 2 per tonne lower at RMB 2204 per tonne. But the week ended higher at RMB 2213 per tonne, up RMB 9 per tonne....
LME aluminium price recorded growth this week to US$1515/t; SHFE increased to US$1864/t
The US dollar started the week on May 25 with a hike against a basket of rivals. On Tuesday, the dollar slipped as risk sentiment returned to the market amid a reopening world economy and subdued demand for the safe-haven currency. On Wednesday and Thursday, it plunged further to a two-month trough...
Alumina price in China up by RMB9/t; Al Fluoride price down by RMB200/t
The average spot alumina price in China is up by RMB 9 per tonne or 0.41 per cent on Friday, 29 May 2020. Alumina price stands at RMB 2213 per tonne, after a decline of RMB 2 per tonne on May 28. Alumina prices remain unchanged across all major markets in China, except North. Alumina price in North...
Three-month LME aluminium hit a two-month peak of US$1,541/t; SHFE aluminium continued to rise by 1.47%
The US dollar fell to a two-month trough against a basket of currencies on Thursday. LME aluminium gained 0.6% and SHFE aluminium rose 0.4%. Three-month LME aluminium hit a two-month peak of US$1,541 per tonne. It ended up 0.56% at US$1,538 per tonne. Shanghai Metals Market expects the contract to...
Primary aluminium inventories in China continue to fall sharply by 86,000 tonnes on May 28
China's social inventories of primary aluminium ingots have expanded their decline today, on May 28, by 7,000 tonnes from the previous week, found Shanghai Metals Market. Last week, on May 21, the inventories plunged by 79,000 tonnes, whereas this week they fell by 86,000 tonnes across eight major...
