Macro perspective: Fed Chairman Warsh delivered a hawkish speech at the Jackson Hole symposium, lifting market expectations for a September rate hike to around 60 per cent, while the US dollar consolidated amid fluctuations, unsettling the nonferrous metals sector. The Fed's latest Beige Book...
India’s aluminium recycling sector has matured significantly over the past decade. Secondary aluminium, produced by remelting and refining scrap, now accounts for a growing share of the country’s total aluminium consumption. Recycling aluminium requires up to 95 per cent less energy than smelting...
Grow with
AL Circle
US retail sales and consumer confidence data weakened in July, and corporate inflation expectations pulled back slightly. Adjustments in overseas US Treasury operations, a consolidating US dollar, and expectations for US Fed interest rate cuts repeatedly disrupted the base metals sector. CME data...
Today, the centre of SHFE aluminium futures fell from the previous trading day, market shipment sentiment was relatively pronounced, and overall spot aluminium transactions shifted to discounts. Today, market transactions for A00 aluminium ingot premiums were between a discount of RMB 40 per tonne...
Futures: The most-traded SHFE aluminium contract opened at RMB 24,015 per tonne in the night session on August 17, with a high of RMB 24,015 per tonne and a low of RMB 23,870 per tonne, and settled at RMB 23,935 per tonne, down 0.33 per cent from the previous close. Prices rebounded to test the MA5...
In the morning session, the SHFE aluminium 2608 contract continued to trade at elevated levels. Today was the last trading day for the SHFE aluminium 2608 contract, and the price spread between near-month contracts was contango 20-contango RMB 50 per tonne. Today, spot premiums for SHFE aluminium...
STG, a trading company funded by principals of US hedge fund Squarepoint, has bought a substantial volume of aluminium from Radiant World as the commodity trader sells inventory to raise liquidity, according to two industry sources. The exact volume purchased by STG and the price agreed for the...
Futures side: The aluminium alloy 2610 contract opened at RMB 23,500 per tonne today; after edging slightly higher in early trading, it pulled back under pressure and drifted lower overall, with the decline widening somewhat intraday. It closed at RMB 23,355 per tonne at midday, down 1.33 per cent....
Futures: SHFE aluminium closed at RMB 24,195 per tonne, down 0.62 per cent, with prices falling below MA5 (24,187) but still above MA10 (23,961), MA30 (23,435) and MA60 (23,708). Short-term moving average support is facing a test, but the medium-term bullish structure remains intact. The MACD...
Mysteel's price assessment showed that China's aluminium prices demonstrated a clear recovery trend entering July 2026. On one hand, the previous oversold conditions provided technical momentum for a rebound; on the other, fundamentals offered robust support. During the price correction phase, the...
Aluminium was Saudi Arabian Mining Co. (Maaden)'s best-performing business in Q2 2026, with revenue rising 49 per cent to USD 1.01 billion and EBITDA more than doubling to USD 411 million. This helped push the company’s total quarterly revenue up 16 per cent to USD 2.9 billion. For the quarter...
Macro perspective: Tensions between the US and Iran eased but major differences remain. Trump said negotiations between the two sides are underway, with the Strait of Hormuz expected to reopen on August 4; Iran and Oman reached a provisional agreement on a new shipping route, but emphasized it will...
Futures: The most-traded SHFE aluminium contract opened at RMB 23,650 per tonne in the night session on July 30, with a high of RMB 23,725 per tonne, a low of RMB 23,630 per tonne, and finally settled at RMB 23,720 per tonne, up 0.40 per cent from the previous close. During this period, prices...
Today, the most-traded SHFE aluminium 2609 contract closed at RMB 23,625 per tonne, up 240 yuan, or 1.03 per cent. Trading volume was 209,579 lots, and open interest was 250,601 lots, with a daily decrease of 3,175 lots. Capital clearly exited, with both bulls and bears reducing positions to lock...
Market: The most-traded SHFE aluminium contract opened at RMB 23,455 per tonne during the night session on July 29, hit a high of RMB 23,510 per tonne, a low of RMB 23,420 per tonne, and finally closed at RMB 23,480 per tonne, up 0.11 per cent from the previous close. During this session, the price...
Futures: The most-traded SHFE aluminium contract opened at RMB 23,190 per tonne in the night session on July 28, reached a high of RMB 23,535 per tonne, a low of RMB 23,130 per tonne, and settled at RMB 23,445 per tonne, up 0.97 per cent from the previous close. During this period, prices surged on...
The most-traded SHFE aluminium 2609 contract closed at RMB 23,220 per tonne today, up RMB 45 or 0.19 per cent intraday. Trading volume was 194,176 lots, open interest was 251,435 lots, up 268 lots on the day, indicating some new positions were added. There were signs of mild long-short battle in...
Futures: The most-traded SHFE aluminium contract opened in the night session on July 27 at RMB 23,255 per tonne, hit a high of RMB 23,320 per tonne, a low of RMB 23,230 per tonne, and closed at RMB 23,275 per tonne, up 0.34 per cent from the previous close. During this period, prices inched higher...
The most-traded SHFE aluminium 2609 contract closed at RMB 23,345 per tonne today, up RMB 85 per tonne or 0.37 per cent on the day. Trading volume increased notably from the previous session, reaching 208,200 lots intraday. Volume expanded during the bottom-out rebound, indicating buying support at...
Brazilian aluminium and steel exporters are stepping up efforts to measure, verify and certify product emissions as the European Union's Carbon Border Adjustment Mechanism (CBAM) begins to influence trade with Europe. What was initially viewed as a future compliance requirement is now affecting...
