Aluminium Inventory

LME aluminium price slips to $3,107/t as Asian Reference Price gains 1% on October 5
06 OCT 20262MINS

LME aluminium price slips to $3,107/t as Asian Reference Price gains 1% on October 5

The London Metal Exchange (LME) aluminium price chart continued to slip across the pricing and contract segments on the October 5 trading session, reporting declines over the October 2 close . Meanwhile, the LME three-month Asian Reference Price benchmark alone reported a gain of nearly one per cent. The LME aluminium cash bid price dipped slightly by 0.1 per cent day-on-day, shifting from USD 3,109 per tonne to USD 3,106 per tonne. The offer price contracted from USD 3,109.5 per tonne to USD 3,107 per tonne, reflecting an even more modest 0.08 per cent decline. 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 and offer prices faltered by...

05 OCT 20262MINS

LME aluminium offer price eases 0.34% to $3,109.5/t at October start as stocks dip to 240,625t

LME aluminium prices softened on October 2 compared with the previous trading day, with cash and three-month prices recording modest declines. LME aluminium stocks also edged lower, while live warrants remained unchanged and cancelled warrants decreased. The LME aluminium cash bid price stood at USD 3,109 per tonne on October 2, down from USD 3,119.5 per tonne on October 1, marking a decline of 0.34 per cent. The cash offer price fell to USD 3,109.5 per tonne from USD 3,120 per tonne, down 0.34 per cent. The LME aluminium 3-month bid price declined to USD 3,121.5 per tonne on October 2 from USD 3,130 per tonne on October 1, a decrease of 0.27 per cent. The corresponding offer price fell to USD 3,122 per tonne from USD 3,131 per tonne, down 0.29 per cent. Explore- Most comprehensive and...


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Domestic aluminium ingot accumulation after National Day Holiday expected to be moderate and controllable
Primary AL02 OCT 2026

Domestic aluminium ingot accumulation after National Day Holiday expected to be moderate and controllable

Ahead of the National Day holiday, domestic aluminium ingot inventories continued to set fresh year-to-date lows. According to SMM statistics, as of September 30, electrolytic aluminium ingot inventories in China's major consuming regions stood at 638,000 tonnes, down 36,000 tonnes from Monday and 40,000 tonnes from last Thursday. The pace of pre-holiday destocking was relatively fast overall, leaving ample buffer for inventory accumulation during the holiday. Source: SMM On the supply side, domestic downstream demand recovered somewhat month on month in September, but processing fees for some fabricated products came under pressure, leading some downstream enterprises to cut or suspend production, which lowered their willingness to purchase molten aluminium and pulled the...

LME aluminium price drops 2.62% as stocks remain stable at 241,375t on October 1
Primary AL02 OCT 2026

LME aluminium price drops 2.62% as stocks remain stable at 241,375t on October 1

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...

Inventory changes of aluminium ingots and billets around the 2026 National Day
Primary AL30 SEPT 2026

Inventory changes of aluminium ingots and billets around the 2026 National Day

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....

LME aluminium price drops nearly 1%; stocks hold firm at 241,375t on September 29
Primary AL30 SEPT 2026

LME aluminium price drops nearly 1%; stocks hold firm at 241,375t on September 29

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...

US bond fluctuations pressure nonferrous metals valuations pre-holiday continued destocking supports short-term aluminium price consolidation
Primary AL28 SEPT 2026

US bond fluctuations pressure nonferrous metals valuations pre-holiday continued destocking supports short-term aluminium price consolidation

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...

Aluminium prices consolidate ahead of National Day holiday; watch for post-holiday inventory buildup and concentrated arrivals risks
Primary AL25 SEPT 2026

Aluminium prices consolidate ahead of National Day holiday; watch for post-holiday inventory buildup and concentrated arrivals risks

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...

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