| Product |
Category |
Region |
Price |
Last Updated Month |
| Aluminium |
Energy, Metals and Minerals |
China |
2943 USD/MT |
October 2025 |
| Aluminium |
Energy, Metals and Minerals |
China |
3106 USD/MT |
December 2025 |
| Aluminium |
Energy, Metals and Minerals |
India |
2989 USD/MT |
October 2025 |
| Aluminium |
Energy, Metals and Minerals |
India |
3163 USD/MT |
December 2025 |
Asia
The Chinese aluminium market experienced progressive strengthening through majority of the fourth quarter, reflecting tightening supply conditions and steady downstream consumption. The prices were about 2943 USD/MT (Contract FD) in October and around 3106 USD/MT in December. Alumina availability remained a critical factor supporting production costs, while energy pricing pressures persisted as electricity costs continued to impact smelting economics. Demand from electric vehicles, renewable energy infrastructure, and construction sectors maintained consistent consumption patterns, while social inventory levels declined progressively. By late quarter, accelerated upward momentum emerged as supply-demand fundamentals tightened further, with China approaching its production capacity ceiling.
Indian markets displayed initial stability before entering appreciation during the latter portion. The prices were about 2989 USD/MT (Contract FD) in October and around 3163 USD/MT in December. Domestic supply constraints intensified as import restrictions and stringent quality standards limited material inflows. The production-consumption gap widened as output remained insufficient to meet growing industrial requirements from automotive, infrastructure, and power sectors. Regional premiums expanded significantly above international benchmarks, reflecting transportation costs and limited recycled aluminium availability, with sharp price increases emerging as buyers competed for limited supply.
Europe
European aluminium markets experienced measured appreciation influenced by energy cost dynamics and supply chain adjustments. High electricity prices continued pressuring smelter economics, with some facilities evaluating operational viability under sustained cost burdens. Trade flow realignments following North American tariff implementations redirected Canadian exports toward European markets, partially offsetting domestic production constraints. Demand from automotive and construction sectors remained moderate amid broader economic uncertainties, though consumption proved sufficient to absorb redirected supply volumes. Production curtailments at energy-intensive facilities continued as elevated power costs eroded margins, contributing to tighter regional supply conditions.
North America
North American markets remained under pronounced supply tightness throughout the quarter, experiencing ongoing impacts from tariff policies implemented earlier in the year. Elevated import duties continued creating sustained inventory pressures and elevated regional premiums, with Midwest premiums remaining at heightened levels as domestic production remained insufficient to fully replace reduced import volumes. The effects of previous Canadian import reductions persisted, though late-quarter developments suggested potential trade flow adjustments as persistent inventory depletion made tariff-inclusive imports economically viable again.
