Aluminium Market

Aluminium rod inventory sees seasonal accumulation after the holiday, processing fee centre expected to gradually rise
16 OCT 20264MINS

Aluminium rod inventory sees seasonal accumulation after the holiday, processing fee centre expected to gradually rise

China's aluminium rod production in September was 384,000 tonnes, with producer operating rate at 53.2 per cent. Both production and operating rate trended lower under pressure. The aluminium rod market remained severely oversupplied in September, with suppliers successively lowering processing fees to move accumulated inventory, but downstream buying sentiment stayed subdued due to absolute price levels. According to SMM statistics, as of October 9, days of inventories at domestic aluminium rod plants stood at 10.33 days, up 2.19 days from 8.14 days before the holiday (September 30). The inventory ratio rose from 106.67 per cent to 137.14 per cent, a sharp increase of 30.47 percentage points, mainly driven by the National Day holiday—downstream processing enterprises concentrated...

16 OCT 20262MINS

LME aluminium cash bid slips to $2,998.50 as three-month prices fall 0.63%

LME aluminium prices edged lower on October 15, with cash and futures contracts weakening. The Asian Reference Price was little changed, while exchange inventories recorded modest declines. Alumina Platts prices continued to climb. The cash bid slipped 0.31 per cent to USD 2,998.5 per tonne from USD 3,008 per tonne on October 14 . The cash offer fell 0.36 per cent to USD 2,999 per tonne from USD 3,010 per tonne. Three-month aluminium prices saw a sharper decline. Both the he bid and offer prices dropped 0.63 per cent. The bid was at USD 2,994 per tonne on October 15 from USD 3,013 per tonne previously, while the offer was USD 2,994.5 per tonne from USD 3,013.5 per tonne previously. Explore the production, demand and consumption forecasts of bauxite and alumina in our report: " Global...


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PyroGenesis completes seven-system aluminium dross recovery deployment in Saudi Arabia
Downstream

PyroGenesis completes seven-system aluminium dross recovery deployment in Saudi Arabia

PyroGenesis Inc. has completed the deployment of seven Drosrite aluminium dross recovery systems at a new purpose-built plant in Saudi Arabia, fulfilling its original contract with Radian Oil and Gas Services Company. The systems can collectively process up to 45,000 tonnes of aluminium dross annually, including the company’s first two 10,000-tonne-per-year units. The Montreal-based technology provider announced on October 15, 2026, that the final four systems were installed and operational at the facility, located within what the company describes as the world’s largest vertically integrated aluminium production complex. The completed installation comprises two 5,000-tonne-per-year systems and two 10,000-tonne-per-year systems. The larger units are the first of their capacity to be...

South32 shareholders approve aluminium asset sale worth $5.6b to Alcoa
Primary AL

South32 shareholders approve aluminium asset sale worth $5.6b to Alcoa

South32 shareholders have overwhelmingly backed the proposed sale of the company’s aluminium value chain assets to Alcoa for up to USD 5.6 billion, with proxy votes recording 99.18 per cent support for the transaction at the company’s Annual General Meeting (AGM) on Wednesday. The disposal covers South32’s interests in Worsley Alumina, Hillside Aluminium, the MRN bauxite mine, the Brazil Alumina refinery and the Brazil Aluminium smelter. According to the company’s statement, the transaction is expected to be completed in the second half of fiscal year 2027, subject to the satisfaction of relevant conditions. The vote marks a significant step towards the transfer of the assets to Alcoa, spanning bauxite mining, alumina refining and primary aluminium production. Explore the production,...

Aluminium falls 1.4% as easing Hormuz restrictions raise supply expectations
Primary AL

Aluminium falls 1.4% as easing Hormuz restrictions raise supply expectations

Aluminium prices declined by 1.4 per cent to INR 320.25 (USD 3.37) as easing restrictions on passage through the Strait of Hormuz reduced concerns over supply disruptions in the Gulf region. According to Kedia Advisory, the decline also reflected expectations of recovering smelter operations, higher Indonesian production and rising Chinese exports. The softer price outlook comes despite falling visible inventories, which continue to provide underlying support to the market. Aluminium exports from Indonesia exceeded 150,000 tonnes in August, while Chinese aluminium exports increased by 17.2 per cent year on year, adding to expectations of improved global availability. According to Citi, accelerating supply growth outside China could shift the global aluminium market from a deficit of...

Aluminium Arabia postponed from November 2026 to April 2027
Primary AL

Aluminium Arabia postponed from November 2026 to April 2027

Aluminium Arabia, an event for the global and Middle Eastern aluminium industry, has been postponed to April 2027. The event was scheduled for November 11–12. However, the organisers have not yet announced the new dates for the two-day event. The exhibition is expected to bring together industry leaders, policymakers and other stakeholders to discuss the future of the regional aluminium industry. It will also provide opportunities for companies to meet, build partnerships, share technology and develop advanced manufacturing clusters. 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 organisers expect the event to help create jobs and support...

LME aluminium price chart drops to $3,010/t; Asian Ref Price sinks nearly 2% on October 14
Primary AL

LME aluminium price chart drops to $3,010/t; Asian Ref Price sinks nearly 2% on October 14

The London Metal Exchange (LME) aluminium price chart continued to record a downward trend of nearly 1 per cent across the pricing and contract segments in the October 14 trading session, reporting drops over the October 13 close . The Asian Reference Price dropped nearly 2 per cent while the opening stocks and live warrants remained stable. The LME aluminium cash bid price dropped by 0.91 per cent from USD 3,035.5 per tonne to USD 3,008 per tonne. The offer price moved from USD 3,036 per tonne to USD 3,010 per tonne, down 0.86 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 advanced from USD 3,036 per tonne from USD...

US inflation raises rate hike expectations, export destocking supports aluminium prices in the doldrums
Primary AL

US inflation raises rate hike expectations, export destocking supports aluminium prices in the doldrums

Futures: The most-traded SHFE aluminium 2611 contract closed at RMB 23,120 per tonne, down RMB 225 or 0.96 per cent from yesterday's settlement price. It opened at RMB 23,155.00 per tonne and fluctuated between 23,105 and RMB 23,310 per tonne. Prices traded below the MA5 (23,332.00), MA10 (23,604.50), MA30 (24,012.83), and MA60 (23,822.42), continuing to weaken and consolidate on a subdued note at low levels, with the moving averages above forming key resistance. The MACD DIF (-205.8355) remained below the DEA (-88.0924), and the MACD green bar stood at -235.4861, indicating persistent bearish momentum. The suggested core trading range for SHFE aluminium is 22,900-23,400 RMB per tonne. The LME aluminium 3M contract settled at USD 2,990.50 per tonne, up 0.05 per cent. It opened at USD...

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