Aluminium prices diverge as LME gains, SHFE declines amid rising inventories
Views : 135
Update time : 2025-03-06 16:27:03
China's aluminium industry remains the world's largest, driven by high production capacity and growing downstream demand. However, rising inventories, fluctuating raw material costs, and cautious buyer sentiment are shaping market dynamics. Despite challenges, facility expansions and policy shifts continue influencing the sector's long-term trajectory.
The global aluminium market has witnessed notable price movements over the past week. The London Metal Exchange (LME) average aluminium price saw a slight increase of 0.64 per cent, reaching USD$ 2,665 per tonne. Conversely, the Shanghai Futures Exchange (SHFE) aluminium price declined by 0.31 per cent, settling at RMB 20,656 per tonne (USD 2,880 per tonne). Spot market prices also trended downward due to rising inventory levels and restrained demand. In East China, the aluminium spot price dropped to RMB 20,572 per tonne (USD $2,868 per tonne), while in South China, it stood at RMB 20,566 per tonne (USD $2,867 per tonne), marking respective declines of 0.08 per cent and 0.07 per cent compared to the previous week.
