Aluminium Market
The US Federal Reserve's decision has been made, the rise in aluminium prices meets resistance, and a sideways movement is expected in the short term
The most-traded aluminium contract on the SHFE opened at CNY 23,465 per tonne in the overnight session on October 28, reached a high of CNY 23,500 per tonne and a low of CNY 23,285 per tonne, and closed at CNY 23,355 per tonne, down CNY 185 per tonne, or 0.79 per cent, from its previous close. The rebound met resistance and retreated, with prices falling below their 5-, 10-, and 40-day moving averages. So far, only the 20-day moving average has provided support, while the 60-day moving average remains an overhang. Trading volume for the session was 85,300 lots, with open interest at 247,000 lots, down 2,524 lots, primarily due to the unwinding of long positions. Technically, the 4-hour MACD maintained a golden cross, but the red bars narrowed significantly, indicating that the short-term...
Copper’s $16,000 target contrasts with a cautious aluminium outlook, says Navneet Damani
Copper could climb towards USD 16,000 per tonne over the next six to 12 months, while aluminium may offer a shorter-term trading opportunity following its recent correction, according to Navneet Damani, senior group vice-president and head of research for commodities and currency. Speaking on BusinessLine’s Trending Commodity Picks programme, Damani said copper continued to benefit from supply constraints and demand from emerging industries, while aluminium’s price trajectory had been influenced by fluctuations in energy costs and changing supply conditions. Damani said aluminium had climbed from around USD 3,100 to USD 3,600 per tonne earlier in 2026, supported by increases in electricity, crude oil and coal prices. The metal subsequently corrected towards USD 3,300 per tonne, although...
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A report that reveals where the aluminium casting industry is heading and how businesses can act.
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A report that reveals where the aluminium casting industry is heading and how businesses can act.
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Hydro invests $53.5m in 5,900Mt aluminum extrusion press in Pennsylvania
Hydro has begun construction of a new 5,900 metric ton indirect aluminum extrusion press line at its Cressona facility in Pennsylvania, backed by a $53.5 million investment aimed at modernizing production, expanding specialist extrusion capacity, and strengthening the company’s North American manufacturing operations. The groundbreaking took place on October 27, with operations expected to commence in the first quarter of 2028. The new press will replace equipment dating from the 1950s and introduce Industry 4.0 technology, advanced automation, improved energy efficiency, and enhanced safety performance. New press targets growing demand for specialist extrusions The investment comes as demand for indirect aluminum extrusions continues to grow across commercial transportation, automotive,...
LME aluminium price rallies $3,078/t as Asian Ref Price gains 1.5% on October 27
The London Metal Exchange (LME) aluminium price chart continued to rally, reporting gains over the October 26 close in the October 27 trading session across the pricing and contract segments. Asian Reference Price gained 1.5 per cent, while aluminium inventories continued to falter. The LME aluminium cash bid price gained 1.02 per cent on October 27, rising to USD 3,077.5 per tonne from USD 3,046.5 per tonne. The offer price surged to USD 3,078 per tonne from USD 3,047.5 per tonne , up 1 per cent day-on-day. 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 as well as offer prices reported a 1.22 per cent rise. The bid surged to USD 3,062...
Fed rate hike expectations are easing, as aluminium price technical rebound gains momentum
The most-traded aluminium contract on the SHFE opened at CNY 23,585 per tonne in the overnight session on October 27, reached a high of CNY 23,685 per tonne and a low of CNY 23,545 per tonne, and closed at CNY 23,660 per tonne, up CNY 255 per tonne, or 1.09 per cent, from the previous close. Prices rallied sharply, breaking through the 5/10/20/40/60-day moving averages, which have now turned from resistance to support. Trading volume for the session was 79,411 lots, with open interest at 255,000 lots, an increase of 4,026 lots, mainly due to an increase in long positions. Technically, the 4-hour MACD extended its "golden cross," with the red bars holding at high levels, indicating strong short-term recovery momentum. The three-month LME aluminium contract opened at USD 3,038.00 per tonne...
Aluminium prices consolidate amid uncertainty over Fed rate hike expectations and limited support from inventory draws
The most-traded aluminium contract on the SHFE opened at CNY 23,440 per tonne in the overnight session on October 26, reached a high of CNY 23,590 per tonne and a low of CNY 23,440 per tonne, and closed at CNY 23,525 per tonne, up CNY 75 per tonne, or 0.32 per cent, from the previous close. Prices retreated after a small rally, holding above the 5/10/20/40-period moving averages, with the 60-day moving average forming resistance above. Trading volume for the session was 84,869 lots, with open interest of 254,000 lots, down 1,520 lots, mainly due to a reduction in short positions. Technically, the 4-hour MACD maintained a golden cross with the red histogram holding, and the short-term rebound momentum remained unchanged, although the upward momentum slowed somewhat. The three-month LME...
Rise and fall in LME aluminium prices: Cash jumps to $3,047.5/t as alumina dips 1.6%
The London Metal Exchange (LME) aluminium price chart surged further in the October 26 trading session across the pricing and near-term contract segments compared to the October 23 close. Longer-dated contracts, inventories, and the alumina price, however, edged lower. The LME aluminium cash bid price gained 0.13 per cent on October 26, advancing from USD 3,042.5 per tonne to USD 3,046.5 per tonne. The offer price surged from USD 3,043 per tonne to USD 3,047.5 per tonne , up 0.15 per cent day-on-day. 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 price reported a 0.27 per cent rise from USD 3,017 per tonne on October 23 to USD 3,025 per...
Press Metal feels the squeeze as aluminium supply tightness eases
Press Metal Aluminium Holdings Bhd is expected to face weaker smelting margins in the second half of 2026 as aluminium supply constraints ease, input costs rise and market sentiment shifts towards a potential surplus in 2027, according to Hong Leong Investment Bank (HLIB) Research. “The narrative now is increasingly shifting to a potential surplus in 2027. Coupled with falling Japan-Port (MJP) premium and rising alumina as well as carbon anode costs, we foresee sequentially weaker smelting margins in 2H2026,” the research house said in a note on Monday. HLIB Research estimates that Press Metal’s core earnings for the third quarter of 2026 will range between MYR 600 million (USD 146.85 million) and MYR 650 million (USD 159.09 million), representing a decline of 10 per cent to 17 per cent...
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