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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Aluminium billet inventories in China extend decline but slower than the previous week
According to Shanghai Metals Market, aluminium billet inventories in China have declined today, on April 9, for the fifth consecutive week, as stocks in east China have begun to shrink. The data shows the stocks of 6063 aluminium billets across five major consumption areas in China have totalled at...
COVID19 Crisis: Weak aluminium prices force Press Metal Aluminium to revise financial forecasts
Owing to weaker aluminium prices due to the COVID19 pandemic, Press Metal Aluminium Holdings Bhd has reportedly revised its forecasts for financial years 2020-22. For FY20, the company has cut its net profit forecasts by 29 per cent to RM 415.5, and for FY21 and FY22, 12 per cent and 13 per cent to...
Average alumina spot price continues to decline while A00 aluminium ingot price records a growth today
The average alumina spot price has extended its decline further by RMB 26 per tonne to stand at RMB 2,146 per tonne, as of Thursday, April 9, found Shanghai Metals Market. This marks the sixth consecutive fall this month, bringing the average alumina spot price down by RMB 429 per tonne over the...
LME aluminium price plunged to $1421.5/t as US dollar edged higher; SHFE increased to $1643/t
The US dollar index edged higher on Wednesday in choppy trading, attracting safe-haven bids, as investor concerns remained over the economic fallout of the pandemic. Three-month LME aluminium fell to a new more than four-year trough of US$ 1,455 per tonne in the North American trading session,...
COVID19 outbreak fuelling the worldwide aluminium slow demand: Bloomberg Intelligence suggests
The downfall in the aluminium industry could be traced back to the global financial crisis last year that forced many automobile companies and the construction projects to reduce or shut operations, resulting in demand crunch for the lightweight metal, according to Bloomberg observation. The...
Alumina price stands lower at RMB 2172/t; A00 aluminium price drops after two days of rise
The average spot alumina price stands at RMB 2172 per tonne on Wednesday, 08 April 2020, a decrease of RMB 33 per tonne or 1.50 per cent from RMB 2205 per tonne on April 7. The alumina prices in China have decreased in all major markets, except South. The average prices of Alumina-East and...
LME aluminium price climbed to US$1455.5/t as US dollar dropped below 100 level mark; SHFE price declined
The US dollar index dropped below the 100 level mark on Tuesday as risk appetite improved on hopes that lockdowns may be slowing the spread of the coronavirus in some countries and as action by central banks eased dollar strain. Three-month LME aluminium climbed to an intraday high of US$ 1,500 per...
Primary aluminium inventories in China record a decline of 41,000 tonnes over the extended weekend
According to Shanghai Metals Market, the social inventories of primary aluminium ingots have declined over the holiday-extended weekend, as demand has displayed a slight improvement. The data shows the stocks across eight major consumption areas in China, including SHFE warrants, have decreased by...
Three-month LME aluminium dropped to its lowest since January 2016; SHFE reopens higher after Qingming holiday
The US dollar held firm at more than one-week highs against a basket of currencies on Monday, April 6. LME aluminium closed lower overnight. The SHFE kept its night trading session suspended. Three-month LME aluminium fell to its lowest since January 2016 at US$1,459.5 per tonne in late European...
Alumina price in China declines by RMB41/t; A00 aluminium ingot price grows on increased demand
The average alumina spot price since the middle of March is recording relentless declines, and today, April 7, is of no exception, found Shanghai Metals Market. The aluminium raw material price in the spot market has registered a decline of RMB 41 per tonne to stand at RMB 2,205 per tonne. In the...
LME aluminium rose 0.24% to close the week at US$ 1452 per tonne; SHFE aluminium added 1.67%
Benchmark aluminium price on London Metal Exchange slightly increased by 0.24 per cent to US$ 1452 per tonne on Friday, April 3, from US$ 1448.5 per tonne on April 2. As of Friday, April 3, LME aluminium cash (bid) price stands at US$ 1452 per tonne, LME official settlement price stands at US$ 1452...
Vedanta's aluminium ingots prices now at INR127,250-140,250/t after sixth consecutive cut
Vedanta for the sixth consecutive time has cut its aluminium ingots prices by nearly 1 per cent, with effect from Wednesday, April 1. The company had cut the prices of these products by 2 to 3 per cent. After the cut with effect from April 1, Vedanta is now selling ingots at INR 127,250 per tonne...
Weekly update: Alumina price in China performed lower over the week; A00 aluminium price ended the week higher
The average spot price of alumina witnessed a downward movement over the week. After declining by RMB 18 per tonne on Friday, the price dropped by RMB 33 per tonne and RMB 27 per tonne to RMB 2370 per tonne and RMB 2343 per tonne on March 30 and March 31. The alumina price ended the week lower at...
Three-month LME aluminium slipped to the four-years lowest at $1504/t this week; SHFE ended at $1628/t
With the beginning of this week, the US dollar rebounded against major currencies and riskier emerging market units, snapping a week of declines as investors braced for prolonged uncertainty and governments tightened lockdowns and launched monetary and fiscal measures to fight the coronavirus...
COVID19 Effect: Chalco may shut some aluminium production on further price fall
Aluminium Corporation of China Limited, popularly known as Chalco, may consider carrying out maintenance or even shut some aluminium production if prices fall below its cash costs, said a company executive on Friday, April 3. With the weak demand for aluminium in China and also across the globe due...
Premium for aluminium shipments to Japanese buyers for Q2 decline by 1.2%
According to the latest Reuters update, the premium for aluminium shipments to Japanese buyers has been set at $82 per tonne for April to June. The premium is lower by 1.2 per cent from the last quarter, reported sources involved in market pricing. Japan is the biggest importer of aluminium in Asia...
Alumina price in China slips 0.93%; Aluminium Fluoride price slumps by RMB 200/t
The average spot alumina price in China has dropped by RMB 21 per tonne or 0.93 per cent on Friday, 03 April 2020, after a decline of RMB 66 per tonne on Thursday. The price now stands at RMB 2246 per tonne today. The drop in alumina prices has continued in all other major markets in China, except...
LME aluminium price continues to decline to $1448.5/t while SHFE aluminium increases to $1628/t
Three-month LME aluminium rallied from a new four-year trough of US$ 1,481 per tonne touched in North American trading hours, finishing the day higher at US$ 1,504 per tonne. The build-up of long positions primarily accounted for the gains on the day. LME aluminium is expected to continue to trade...
