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...
The London Metal Exchange (LME) aluminium price chart recovered on the August 28 trading session across the pricing and contract segments compared to the August 27 close. On the inventory side, opening stocks and live warrants remained stable for three consecutive sessions. The LME aluminium cash...
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New York-based Critical Metals Corp witnessed a sharp market rally on Thursday after securing a long-term rare earth supply agreement with REalloys, reinforcing Western efforts to build an alternative supply chain free from dependence on China. Interestingly, the announcement of a binding 15-year...
Today, the General Administration of Customs released import and export data for April 2026. Customs data showed: Imports of unwrought aluminium alloy in April 2026 were 73,500 tonnes, down 15.4 per cent YoY and down 12.9 per cent M-o-M. Cumulative imports from January to April 2026 were 313,900...
Futures: SHFE aluminium closed at RMB 24,510 per tonne yesterday, up 0.35 per cent. The price stood above MA5 (24,423) but remained suppressed by MA10 (24,520), MA30 (24,603.83), and MA60 (24,619.33), with the short-term moving average bearish alignment not yet reversed. MACD indicator DIF =...
Aluar Aluminio Argentino S.A.I.C. has drawn investor attention following its recent financial disclosure, which highlighted pressures in the Argentine aluminium sector, including weak domestic economic conditions, currency volatility and fluctuating global metal prices. The company’s performance is...
According to the General Administration of Customs, domestic bauxite imports stood at 19.743 million tonnes in April 2026, down 9.4 per cent month-on-month and 4.6 per cent year-on-year. From January to April 2026, the total domestic bauxite imports reached 77.728 million tonnes, rising 14.7 per...
As the ongoing Middle East conflict disrupts aluminium and nickel supply chains, a question mark looms over Asia’s renewable energy ambitions, threatening to raise costs for solar panels, wind turbines and grid infrastructure across the region. Countries including Indonesia, Vietnam and the...
The May 19 session closed with L ondon Metal Exchange (LME) aluminium prices reporting surges on wide margins. Overcoming the modest gains in the previous close, the cash and contracts gained considerable momentum. The sharp rise was largely driven by tightening global supply signals, falling...
Futures: SHFE aluminium closed at RMB 24,445 per tonne, edging up 0.20 per cent. The price was above MA30 (24,351.47) but remained under pressure from MA5 (24,540), MA10 (24,504.5), and MA60 (24,607.17), with the short-term moving averages still in bearish alignment. The MACD indicator showed DIF =...
Aluminium prices closed higher, rising 0.62 per cent to INR 381.2 (USD 3.94), as supply concerns linked to the Middle East conflict continued to support the market. The ongoing tensions between the United States and Iran, along with restrictions on shipping movement through the Persian Gulf, have...
On an on-month basis, last month's output increased by 0.5 per cent from March, Mysteel Global calculated based on the NBS data. Daily production averaged 129,000 tonnes in April, representing a 3.1 per cent increase from the same month last year and a 3.8 per cent rise from March, according to...
Futures: SHFE aluminium closed at RMB 24,320 per tonne, up 0.48 per cent, with an intraday high of 24,395 and a low of 24,250. The price barely held above MA30 (24,320) but remained suppressed by MA5 (24,506), MA10 (24,517), and MA60 (24,594), with the short-term moving average bearish alignment...
The London Metal Exchange (LME) aluminium price, after declining at the previous close, again rose on May 18; however, the rise was not significant. Moreover, the 3-month Asian Reference Price also rose, but the longer-dated contracts continued the declining trend. A slight decline in the LME...
By the close of Friday's daytime trading session, the most-traded June nickel contract had fallen by 2.1 per cent on the week to RMB 143,330 per tonne (USD 21,072 per tonne). In comparison, aluminium and copper futures contracts, both for June delivery, posted more modest changes. The most-traded...
Futures: SHFE aluminium closed at RMB 24,305 per tonne, down 0.94 per cent. The price fell below all key moving averages (MA5=24,556, MA10=24,529, MA30=24,361, MA60=24,584.5), forming a bearish alignment with clear short-term weakness. The MACD indicator showed DIF=-68.9, DEA=-20.17, with negative...
On May 15, the week closed with an easing trend in the London Metal Exchange (LME) aluminium price after it rose above its 4-year high. A significant drop has been seen across all the contracts, along with the LME inventory, but cancelled warrants continued to rise. Both the LME cash bid and cash...
This week, trading activity among China's aluminium fluoride enterprises was moderate, with aluminium fluoride prices remaining stable. As of now, SMM aluminium fluoride prices closed at RMB 11,480-12,000 per tonne; cryolite prices remained stable, with SMM cryolite quoted at RMB 7,000-8,500 per...
Macro perspective: Overall macro atmosphere leaned warm, with multiple positive factors resonating Ex-China, US April CPI data showed surging energy prices drove headline inflation to a three-year high, fuelling expectations for US Fed interest rate hikes within the year. US-Iran negotiations...
Chinese prices for aluminium scrap have been rising steadily so far this month and are expected to continue climbing during coming weeks, supported by tightening scrap supplies and steady demand from secondary aluminium smelters, Mysteel's latest survey findings show. On May 13, Mysteel assessed...
