LME aluminium prices moved higher on October 23, with cash and futures contracts posting gains. The Asian Reference Price also advanced, while alumina Platts prices edged up further. Opening stocks and live warrants changed little, although cancelled warrants declined. The cash bid rose 0.33 per cent to USD 3,042.50 per tonne from USD 3,032.50 per tonne . The cash offer also increased 0.33 per cent to USD 3,043 per tonne from USD 3,033 per tonne. Explore the production, demand and consumption forecasts of bauxite and alumina in our report: " Global Bauxite & Alumina Market Forecast to 2036: Supply–Demand, Trade Flows & Price Outlook " Three-month aluminium prices also strengthened. The bid climbed 0.31 per cent to USD 3,017 per tonne from USD 3,007.50 per tonne, while the offer advanced...
Futures: SHFE aluminium closed at RMB 23,145 per tonne, edging down 0.19 per cent. Although prices held above MA5 (23,077) and MA10 (23,044), they remained capped by MA30 (23,760) and MA60 (23,767), with the overall market in a consolidation phase following the sharp decline. The MACD indicator's dual lines (DIF=-261.81, DEA=-237.16) operated below the zero axis, with the green bar expanding to -49.29, failing to extend the previous day's bottom divergence repair, indicating fading rebound momentum. Trading volume shrank to 54,800 lots, with market activity turning cautious. The suggested core trading range for SHFE aluminium is 22,700-23,500. LME aluminium closed at USD 3,008 per tonne, edging up 0.07 per cent. Prices barely held above MA5 (3,002.4) but remained pressured by MA10...
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The London Metal Exchange (LME) aluminium price graph dropped further in the October 1 trading session, reporting major declines of 2 per cent and above across the pricing and contract segments. Stocks in the aluminium inventory remained stable for three consecutive days. The LME aluminium cash price dipped by 2.6 per cent from USD 3,203 per tonne to USD 3,119.5 per tonne. The offer price moved from USD 3,204 per tonne to USD 3,120 per tonne, representing a slightly higher 2.62 per cent plunge. Explore- Most comprehensive and forward-looking industry-focused report — Global Bauxite & Alumina Market Forecast to 2036: Supply–Demand, Trade Flows & Price Outlook The LME aluminium three-month bid slumped from USD 3,208 per tonne to USD 3,130 per tonne, decreasing by 2.43 per cent. The offer...
According to SMM statistics, changes in aluminium ingot and aluminium billet (collectively referred to as aluminium inventory) inventories in major consumption areas in China around the National Day holiday, 2020-2026: overall destocking before the holiday, with the most concentrated inventory buildup during the holiday. During the one-week National Day holiday from 2020 to 2025, aluminium ingots, aluminium billets, and total aluminium inventory all saw inventory buildup (aluminium ingots up 4.0 per cent -17.3 per cent, aluminium billets up 12.7 per cent -66.0 per cent, total aluminium inventory up 6.9 per cent -21.2 per cent ). In the second week after the holiday, aluminium ingots did not see further inventory buildup except in 2021, while aluminium billets destocked in all six years....
The London Metal Exchange (LME) aluminium price graph continues to drop nearly 1 per cent across the pricing and contract segments in the September 29 trading session, reporting declines over the September 28 close . Opening stocks hold firm and cancelled warrants report a rise. The LME aluminium cash bid and offer prices dipped by 0.71 per cent day-on-day. The bid contracted from USD 3,248 per tonne to USD 3,225 per tonne. The offer price moved from USD 3,248.5 per tonne to USD 3,225.5 per tonne. Explore- Most comprehensive and forward-looking industry-focused report — Global Bauxite & Alumina Market Forecast to 2036: Supply–Demand, Trade Flows & Price Outlook The LME aluminium three-month bid slumped from USD 3,251.5 per tonne to USD 3,231 per tonne, decreasing by 0.63 per cent. The...
The most-traded SHFE aluminium contract did not trade during the night session of September 24 and the daytime session of September 25. On September 24, the daytime session opened at RMB 24,230 per tonne, reached a high of RMB 24,265 per tonne and a low of RMB 24,175 per tonne, and closed at RMB 24,200 per tonne, down RMB 30 per tonne or 0.12 per cent from the previous close. Futures consolidated at highs before pulling back, with prices falling below the 5-day moving average while remaining above the 20/40/60-period moving averages. Medium and long-term moving averages maintained an upward pattern. Trading volume during the session was 98,900 lots, and open interest stood at 281,000 lots, down 8,300 lots, driven mainly by bulls closing positions. On the technical front, a death cross...
1. Macro perspective The US-Iran conflict entered its second week. After the escort coalition intervened, traffic through the Strait of Hormuz partially recovered, but war risk insurance rates remained elevated. Brent crude pulled back from a high of USD 101 to consolidate around USD 95, with energy cost support weakening from earlier levels but not yet fading. The US Fed delivered a 25bp rate hike at its September FOMC meeting, and the dot plot indicated one more hike may still occur this year. Chair Warsh struck a hawkish tone in his post-meeting remarks, and the US dollar index held at a 13-month high. Next week, attention turns to China's official PMI on September 30, as well as US PCE and non-farm payrolls data during the National Day holiday—with China's market closed for seven days...
According to data released by the General Administration of Customs of the People's Republic of China (GACC), China's total primary aluminium imports reached 185,500 tonnes in August 2026, down 14.65 per cent year-on-year but up 0.16 per cent month-on-month. Total imports for January-August amounted to 1.66 million tonnes, a decrease of 3.41 per cent year-on-year. The 14.65 per cent year-on-year decline in August imports, coupled with a nearly flat month-on-month performance, indicates that imports have not collapsed but rather maintained a steady inflow. In August, China's total primary aluminium exports stood at 21,900 tonnes, down 14.53 per cent year-on-year and 30.48 per cent month-on-month. Cumulative exports for January-August totalled 167,500 tonnes, up 9.26 per cent year-on-year....
The London Metal Exchange (LME) aluminium price graph continues to drop across the pricing and contract segments on the September 24 trading session, reporting declines over the September 23 close . The LME aluminium cash bid slumped from USD 3,239.5 per tonne to USD 3,227 per tonne, rising 0.39 per cent. The offer price moved from USD 3,240 per tonne to USD 3,228 per tonne, dropping by 0.37 per cent. Explore- Most comprehensive and forward-looking industry-focused report — Global Bauxite & Alumina Market Forecast to 2036: Supply–Demand, Trade Flows & Price Outlook The LME aluminium three-month bid contracted from USD 3,258 per tonne to USD 3,252 per tonne, decreasing by 0.18 per cent. The offer price plunged from USD 3,260 per tonne to USD 3,252.5 per tonne, representing a 0.23 per cent...
SHFE aluminium closed at RMB 24,230 per tonne, edging up 0.02 per cent. The price was capped by MA5 (24,259) but remained above MA10 (24,207) and MA30 (24,088), with the mid-term bullish structure intact. On the MACD indicator, DIF stood at 92.18 and DEA at 118.60, forming a death cross above the zero axis, with the green bars expanding to -52.85, indicating strengthening bearish momentum. Trading volume expanded to 76,000 lots, reflecting widening bull-bear divergence. The core trading range for SHFE aluminium is suggested at 24,000-24,600. LME aluminium closed at USD 3,248.5 per tonne, edging down 0.05 per cent. The price broke below MA5 (3,264.1), MA10 (3,261.37), and MA30 (3,262.88), with short-term moving averages exerting pressure, though MA60 (3,227) still provided support. On the...
LME aluminium prices softened across key contracts on September 23 compared with the previous session, while opening stocks remained broadly stable. The sharpest movement was recorded in cancelled warrants, which declined by more than 20 per cent. The LME aluminium cash bid price stood at USD 3,239.5 per tonne on September 23, down from USD 3,240 per tonne on September 22, a decline of 0.02 per cent. The cash offer price fell to USD 3,240 per tonne from USD 3,242 per tonne, down 0.06 per cent. For the three-month contract, the bid price declined to USD 3,258 per tonne from USD 3,263.5 per tonne, marking a 0.17 per cent decrease. The offer price fell to USD 3,260 per tonne from USD 3,264 per tonne, down 0.12 per cent. The December 2027 aluminium bid price stood at USD 3,180 per tonne,...
LME aluminium prices softened on September 22, with the cash and three-month contracts declining from the previous trading session, while LME aluminium opening stocks also edged lower on September 23. On September 22, the LME aluminium cash bid price stood at USD 3,240 per tonne, down 0.66 per cent from USD 3,261.5 per tonne on September 21. The cash offer price was USD 3,242 per tonne , down 0.63 per cent from USD 3,262.5 per tonne. The LME aluminium 3-month bid price stood at USD 3,263.5 per tonne on September 22, compared with USD 3,272.5 per tonne on September 21, representing a decline of 0.28 per cent. The 3-month offer price fell 0.27 per cent to USD 3,264 per tonne from USD 3,273 per tonne. Explore the production, demand and consumption forecasts of bauxite and alumina in our...
SHFE aluminium closed at RMB 24,195 per tonne last night, down 0.45 per cent. The price broke below MA5 (24,445) and MA10 (24,262.5), but remained above MA30 (24,083) and MA60 (23,700), with moving averages showing short-term bearish pressure and mid-term bullish support. The MACD indicator showed DIF at 105.8 and DEA at 131.0, with a death cross at high levels and the green bars expanding to -50.36, indicating strengthening short-term bearish momentum. Trading volume was 64,700 lots, below the MA5 average volume, reflecting cautious market participation. The core trading range for SHFE aluminium is suggested at 24,000-24,600. LME aluminium closed at USD 3,274.5 per tonne, edging up 0.35 per cent. The price was slightly below MA5 (3,280.7) and MA10 (3,279.1), but remained above MA30...
The London Metal Exchange (LME) aluminium price graph dropped further on September 21 across all the pricing segments of cash and contracts. The aluminium opening stocks, however, remained steady. The LME aluminium cash bid price shifted from USD 3,283 per tonne on September 18 to USD 3,261.5 per tonne on September 21, down 0.65 per cent. The LME aluminium cash offer price dipped from USD 3,285 per tonne to USD 3,262.5 per tonne, easing by 0.68 per cent day-on-day. Explore the production, demand and consumption forecasts of bauxite and alumina in our report: “ Global Bauxite & Alumina Market Forecast to 2036: Supply–Demand, Trade Flows & Price Outlook ” The LME aluminium three-month bid and offer prices reported a 0.27 per cent decline. The bid closed at USD 3,272.5 per tonne, compared to...
Futures: SHFE aluminium closed at RMB 24,375 per tonne in the previous trading session, edging down 0.04 per cent. The price stood above the MA10 (24,304) and MA30 (24,089.5), but slightly below the MA5 (24,258). Short-term moving averages flattened, while the medium-term bullish alignment remained intact, with the market consolidating at highs overall. On the MACD indicator, DIF=129.53 and DEA=139.74. DIF stayed above the zero axis but maintained a death cross, with the histogram at -20.43, indicating weakening bullish momentum and lingering short-term correction pressure. Trading volume rebounded slightly to 54,800 lots, with moderate market activity. The suggested core trading range for SHFE aluminium is 24,000-24,600. LME aluminium closed at USD 3,293.5 per tonne, down 0.20 per cent....
According to SMM statistics, as of September 11, days of in-factory inventories at aluminium rod plants in China recorded 8.06 days, up 0.43 days W-o-W; the inventory ratio rose from 100.95 per cent to 102.86 per cent, up 1.91 percentage points. Looking at the trend over the past five weeks, inventories continued to consolidate at highs, with the inventory ratio staying above 100 per cent in the upper range for the year, as destocking and restocking alternated without a clear one-way trend. Over the same period, the combined operating rate of industry leaders in the aluminium rod sector recorded 72.50 per cent, down 0.46 percentage points W-o-W, pulling back slightly after stabilising at 72.96 per cent for three consecutive weeks, and overall remaining at low levels. The combination of...
Aluminium scrap: This week, China's aluminium scrap market prices followed the decline before partially rebounding, with the centre pulling back alongside primary aluminium. As of September 17, SMM A00 aluminium prices closed at RMB 24,180 per tonne, down RMB 380 per tonne from RMB 24,560 per tonne last Thursday, while domestic aluminium scrap prices followed the decline by a relatively limited margin. In terms of price spreads, on September 17, the price difference between A00 aluminium and mixed aluminium extrusion scrap free of paint in Foshan stood at approximately RMB 2,468 per tonne, and the price difference between A00 aluminium and shredded aluminium tense scrap stood at approximately RMB 1,247 per tonne, with the aluminium tense scrap price spread narrowing further W-o-W. On the...
China’s domestic aluminium inventories declined, giving some support to aluminium prices. However, China’s aluminium production remained high, while a new alumina project in Guangxi entered trial production and is expected to add to future supply. For aluminium, the fall in domestic inventories is a positive factor for prices. However, the supply picture remains mixed, as China’s aluminium production reached a record 4 million tonnes in August, according to the National Bureau of Statistics. Output was 4.7 per cent higher year on year, while production during January-August reached around 31 million tonnes, up 3.9 per cent from the same period last year. At the current pace, annual production could reach around 47 million tonnes, above the country’s long-standing 45-million-tonne...
London Metal Exchange (LME) aluminium prices edged lower on September 17, with cash and three-month contracts declining from the previous session. Dec-27 prices moved slightly higher, while the Asian reference price gained nearly 1 per cent. Opening stocks and live warrants remained unchanged, while cancelled warrants declined. The LME aluminium cash bid price fell 0.21 per cent to USD 3,302.50 per tonne on September 17 from USD 3,310 per tonne , while the cash offer price declined 0.20 per cent to USD 3,303.50 per tonne from USD 3,310 per tonne. The three-month aluminium bid and offer prices both fell 0.12 per cent. The bid price declined to USD 3,284 per tonne from USD 3,288 per tonne, while the offer price eased to USD 3,285 per tonne from USD 3,289 per tonne. Explore the production,...
London Metal Exchange (LME) aluminium prices rebounded on September 16, with cash and forward contracts moving higher from the previous session. Warehouse stocks edged down, while the Asian reference price and alumina Platts price also increased. The LME aluminium cash bid and offer price rose 1.53 per cent. The cash bid rose to USD 3,309.50 per tonne from USD 3,260 per tonne , while the cash offer rose to USD 3,310 per tonne from USD 3,260 per tonne. The three-month aluminium bid price climbed 1.64 per cent to USD 3,288 per tonne from USD 3,235 per tonne. The offer price also rose 1.64 per cent to USD 3,289 per tonne from USD 3,236 per tonne. The Dec-27 bid and offer prices both rose 1.55 per cent from the previous session, with the bid increasing to USD 3,202 per tonne from USD 3,153...
