Aluminium Price
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...
China's aluminium plate, strip and foil output holds steady at 388 kt in week to Oct 22; destocking slows
As of the week ending October 22, 2026, output at sampled aluminium plate, strip, and foil enterprises remained on a high level of 387,980 tonnes, a marginal week-on-week increase of 210 tonnes. Capacity utilisation rates averaged 69.84 per cent, largely flat compared to the prior week. Finished goods inventories continued to draw down, standing at 506,700 tonnes, down 7,500 tonnes or 1.46 per cent from the previous week, though the destocking slope has clearly flattened. The spot prices of aluminium opened the week at RMB 23,650 per tonne and closed Friday at RMB 23,670 per tonne, fluctuating within a narrow range of RMB 23,380 per tonne - RMB 23,710 per tonne, with a weekly average of RMB 23,641 per tonne, showing a range-bound trend. The overall market has transitioned from...
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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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News
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...
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...
UAE aluminum exports to the US dip 9.8% Y-o-Y; Can EGA restart offset supply deficit?
In the first half (H1) of 2026, the US imported a total of 1.68 million metric tons of unwrought aluminum (HSN code: 7601), of which 16.96% was sourced from the United Arab Emirates (UAE). How has H1 2026 fared for the momentum of unwrought aluminum exports from the UAE to the US? Year-on-year cooling in trade can be noticed, largely owing to the temporary shutdown of the Emirates Global Aluminium’s (EGA’s) Al Taweelah smelter for repair and maintenance. 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 ” H1 aluminum trade snapshot: 2026 vs 2025 vs 2024 Comparing the H1 2026 figures of unwrought aluminum exported by the UAE to the US, a mixed result...
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