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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“COVID-19” pandemic: The “Green-Metal” market seized between expectation and its metal barrier
The global aluminium prices are falling and the surfeit inventories are inclining up rapidly, though the market has not yet entered the catastrophe situation that despoiled the global market in 2008, a year is known for recession. The COVID-19 breakout has stroked out aluminium in the worst...
COVID19 Effect: China’s daily aluminium production in March dropped 1.7%, according to Reuters calculations
According to Reuters calculations based on the official data on Friday, China’s daily aluminium output in March dropped by 1.7 per cent compared to the earlier two months. Supply disruption and incessant price fall of the metal due to the COVID19 outbreak resulted in daily production drop. But as...
A00 aluminium ingot price climbs RMB 150/t; Aluminium Alloy (A356) stands at RMB12850/t
A00 aluminium ingot price registered an increase of RMB 150 per tonne or 1.25 per cent from Thursday’s price of RMB 12000 per tonne. The price now stood at RMB 12150 per tonne on Friday, 17 April 2020 and is expected to move within a range of RMB 12130-12170 per tonne. Spot aluminium contract is...
LME aluminium price increased to $1476/t amidst one-week high US dollar; SHFE expanded to $1715/t
The US dollar rose to a one-week high on Thursday as investors continued to search for safe haven following gloomy US jobless data. The dollar index, which tracks the greenback against a basket of other currencies, added 0.28 per cent and ended at 99.9. As of Thursday, April 16, both LME aluminium...
Aluminium billet inventories record a higher fall this week: Stocks total at 164,900 tonnes
Extending decline for the sixth consecutive week, aluminium billet inventories in China have totalled at 164,900 tonnes, as of Thursday, April 16, found Shanghai Metals Market. SMM data shows the stocks of 6063 aluminium billet have reduced by 5,200 tonnes today, compared to 4,100 tonnes last week,...
Three-month LME aluminium finished 0.2% lower; SHFE aluminium jumped 1.5%
The US dollar rose on Wednesday. The dollar index, which tracks the greenback against a basket of other currencies, rebounded 0.71% to end at 99.573. Overnight, LME base metals failed to hold onto gains from Tuesday. LME aluminium fell 0.2% while SHFE aluminium jumped 1.5%. Three-month LME...
A00 aluminium ingot price extends growth to RMB12,000/t on supply shortage and increased consumption
A00 aluminium ingot price has extended growth today, on April 16, for the sixth day in a row to touch the level of RMB 12,000 per tonne, learned Shanghai Metals Market. Yesterday, the price was RMB 11,910 per tonne, which represents that today it has increased by RMB 90 per tonne. The average...
Alumina price extends drop by RMB 9/t; A00 aluminium ingot price stands at RMB 11910/t
The average spot alumina price in China has dropped by RMB 9 per tonne or 0.43 per cent on Wednesday, 15 April 2020, after a decline of RMB 6 per tonne on Tuesday. The price now stands at RMB 2064 per tonne today. The alumina prices in China have decreased in East and Central markets. The average...
Three-month LME aluminium rebounded at $1515/tonne; SHFE aluminium grew to RMB1681/t
The US dollar declined on Tuesday as risk appetite returned to the market after the better-than-expected economic data from China dispelled some concerns about the coronavirus impact on the world’s second-largest economy. The dollar index, which tracks the greenback against a basket of other...
China allows 191,000 tonnes of aluminium scrap in its fifth batch of import quotas for 2020
China’s environmental authorities on April 10 reportedly issued the fifth batch of aluminium scrap import quotas for 2020 to allow additional 191,100 tonnes of high-grade aluminium scrap to enter China. With this, the total aluminium scrap imports allowed to China at present is 475,600 tonnes....
LME remains closed for Easter Monday holiday; SHFE aluminium dips
The US dollar was roughly flat on Monday amid thin trades with Europe out on holiday. The dollar index, which tracks the greenback against a basket of other currencies, was little changed on the day and finished at 99.504. LME was closed on April 13 on account of Easter Monday, and trades will...
Chinese alumina price lowers decline to RMB6/t, while A00 aluminium ingot price lowers growth to RMB20/t
According to Shanghai Metals Market, the average alumina spot price in China has lowered its decline to RMB 6 per tonne today, on April 14, to stand at RMB 2,073 per tonne. In many parts of China, the price has remained restrained, such as in the east and north at RMB 2,100 per tonne and RMB 2,050...
LME closed for Good Friday holiday; SHFE aluminium rose 1.76%
The US dollar declined on Friday, April 13. The dollar index, which tracks the greenback against a basket of other currencies, dipped 0.05% to 99.495. The London Metal Exchange was closed on Friday for the Good Friday holiday. As of Thursday, April 9, LME aluminium cash (bid) price stands at US$...
China’s primary aluminium inventories extend decline over the weekend on improved demand
Shanghai Metals Market found a further decline in social inventories of primary aluminium ingots over the weekend ended Monday, April 13, bolstered by improved demand and reduced arrivals of stocks to warehouses. According to the SMM data, the inventories decreased 59,000 tonnes from last Thursday,...
Alumina price in China extends decline by RMB42/t; A00 aluminium ingot price grows on further inventory fall
The average alumina spot price has declined by RMB 42 per tonne to stand as low as RMB 2,079 per tonne, as of Monday, April 13, found Shanghai Metals Market. The northern market of China has seen the highest decrease in the price of RMB 60 per tonne to RMB 2,050 per tonne, while that in the east...
Three-month LME aluminium closed higher at US$1,484/t; SHFE finished the day 0.65% higher
The US dollar index slipped to a one week-low of 99.5. LME aluminium closed 1% higher overnight. The SHFE kept its night trading session suspended. Three-month LME aluminium rallied in the North American trading session, recovering from earlier losses to finish the day 1.02% higher at US$1,484 per...
Alumina spot price in China declines further by RMB25/t; A00 aluminium ingot price grows on first inventory decline this year
According to Shanghai Metals Market, the average alumina spot price has seen to close the week ending Friday, April 10, at RMB 2121 per tonne, down RMB 25 per tonne from RMB 2,146 per tonne on Thursday, April 9. In the central, the average alumina spot price has decreased by RMB 30 per tonne to RMB...
Primary aluminium inventories mark first decline in China since the Lunar New Year Holiday this year
Social inventories of primary aluminium ingots have fallen this week, as demand improved and aluminium smelters held back on sales and reduced deliveries to social warehouses owing to weaker aluminium prices, learned Shanghai Metals Market. The SMM data shows the primary aluminium inventories...
