The London Metal Exchange (LME) aluminium price faltered across the pricing and contract segments on the September 2 close. The trend reflected a contrast of the surge reported in the September 1 session . The LME aluminium cash bid pulled back by 0.18 per cent day-on-day on September 2, down to...
The most-traded SHFE aluminium 2610 contract closed at RMB 24,100 per tonne today, up RMB 30 on the day, a gain of 0.12 per cent. Trading volume was 163,674 lots, open interest stood at 242,331 lots, with a daily decrease of 6,267 lots, as both bulls and bears reduced positions to lock in profits...
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Futures: SHFE aluminium 2601 night session closed at RMB 22,120 per tonne, down 0.11per cent, fluctuating rangebound overall. MA5 (22,117) and MA10 (22,113.50) formed short-term support, with the price currently above the moving average system; however, MACD (DIF 2.1396, DEA 1.3982) red bars...
Telangana’s aluminium manufacturers are facing a pocket pinch following the continuous price rise of the primary metal. For many small and mid-sized units, particularly the ones in secondary production and fabrication, the price jumps have become difficult to absorb. The 7.5 per cent duty on...
LME aluminium prices posted marginal gains on December 8 across cash, 3-month and December 26 contracts, even as exchange inventories continued their downward trend. The LME aluminium cash bid rose to USD 2,867 per tonne, up USD 2.5 or 0.09 per cent from USD 2,864.5 on December 7. The cash offer...
Futures: SHFE aluminium 2601 closed at RMB 22,165 per tonne in the night session, down 0.23 per cent. Technically, moving averages formed a bullish alignment but flattened in the short term, with MA5 (22,165) and MA10 (22,163) converging above MA30 (22,158.67) and MA60 (22,154.25), indicating...
Mixed trends in supply and demand! Domestic aluminium billet supply-side operating performance remained generally stable in November, with the final production figure meeting off-season expectations. As the September-October peak season concluded, some aluminium billet enterprises planned ahead to...
After a steady price movement, the London Metal Exchange (LME) aluminium price on December 5 slightly moved upward. The opening stock and cancelled warrants inched down, whereas the live warrants remained steady from the previous day’s close. On December 5, the LME cash bid rose by USD 11.5 per...
The weekly operating rate of leading domestic aluminium downstream processing enterprises fell 0.4 percentage points w-o-w to 61.9 per cent, with the market continuing to show structural divergence. The operating rate of primary aluminium alloy remained stable at 60.2 per cent, as long-term...
Futures: The most-traded cast aluminium alloy 2602 contract opened higher overnight, hitting a high of RMB 21,200 per tonne before pulling back, then fluctuated upward and closed at RMB 21,175 per tonne, up 0.5per cent from the previous close. It has shown an upward trend with fluctuations...
On Wednesday, December 3, CLSA renewed its outperform rating on Hindalco and lifted the target price to INR 965 ( USD 11.63) per share following a round of investor interactions. The brokerage firm said the conversations pointed to growing confidence in the company’s earnings outlook and in the...
Mario Conserva, Secretary General of FACE and a veteran with over six decades in the aluminium industry, brings unmatched expertise as founder of METEF, leader of A&L Alluminio e Leghe, and a pioneering contributor with 800+ technical works. Recognised by the IAI as one of the 50 most influential...
This week, with the tender price for aluminium fluoride set by a leading downstream enterprise, the market received guidance, and overall prices rose. As of now, SMM aluminium fluoride prices closed at RMB 10,200-10,500 per tonne, and SMM cryolite was quoted at RMB 7,400-9,000 per tonne. Raw...
On December 4, the London Metal Exchange (LME) aluminium price showed no change from the previous day’s close. On the other hand, 3-month prices rose slightly with a decline in the future contracts, but the openning stock and cancelled warrants dipped, but the live warrants held firm. The LME cash...
Futures: During the night session on December 3, the most-traded SHFE aluminium contract 2601 opened at RMB 21,935 per tonne, reached a high of RMB 22,055 per tonne, touched a low of RMB 21,930 per tonne, and finally closed at RMB 22,010 per tonne, up RMB 70 per tonne or 0.32 per cent from the...
Fed rate cut expectations boost global prices. Year-end holidays are expected to slow trade down. India's imported aluminium scrap prices saw an uptrend w-o-w, following an increase in the London Metal Exchange (LME) price levels. BigMint assessed UAE-origin Tense scrap at USD1,925 per tonne, up by...
The London Metal Exchange (LME) aluminium prices on December 3 have further inched down from the previous close. However, the 3-month Asian Reference Price showed an upward movement. The LME cash bid declined from USD 2,858 per tonne to USD 2,853 per tonne, representing a decline of USD 5 per tonne...
Recently, as aluminium prices continued to fluctuate at highs, SMM surveyed some aluminium alloy casting manufacturers on their current and near-term production and operations. The findings are as follows: Enterprise A: Mainly produces automotive parts such as engine blocks and steering shafts,...
On December 2, the London Metal Exchange (LME) aluminium cash price fell slightly, but other contracts continued the upward trend. The inventory further dropped from the previous day’s close. The LME cash bid fell by USD 1 per tonne or 0.03 per cent to reach USD 2,858 per tonne and the cash offer...
According to SMM data, the average tax-inclusive full cost for China's aluminium industry in November 2025 was RMB 16,057 per tonne, up 1.1 per cent m-o-m but down 21 per cent y-o-y. This was mainly due to a smaller-than-expected drop in the monthly average alumina price during the period, coupled...
