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Informist, Monday, Apr. 13, 2026

 

--MCX aluminium April contract hits new record high of INR 366.5 per kg 

 

MUMBAI – Futures contracts of aluminium surged to a fresh all-time high on the Multi Commodity Exchange of India on Monday on supply side concerns. Emirates Global Aluminium indicated that full restoration of its Al Taweelah smelter may take up to a year following recent disruptions, which has spurred concerns about near-term availability of the metal. 

 

Rising geopolitical risks in West Asia intensified concerns over shipments and production. US President Donald Trump's comments to block the Strait of Hormuz have raised the risk of further disruption to metal flows, analysts at ING said in a report.  

 

"The market is particularly exposed, given that the Middle East (West Asia) accounts for around 9% of global aluminium output and is a key supplier to Europe. Any sustained disruption to shipping through Hormuz would tighten availability and support regional premiums, especially as inventories remain relatively lean," according to ING.

 

However, supply concerns can be offset by rising inventories in China, where stocks on the Shanghai Futures Exchange have climbed to a six-year high after consistent weekly increases, Amit Gupta analyst at Kedia Advisory said in a note. At the same time, global output remains firm, with production rising modestly and China continuing to increase its aluminium output, supported by better margins, he said.

 

At 1334 IST, the most active April contract of aluminium on the MCX was up over 6% at INR 364.15 per kg, after hitting a record high of INR 366.5 per kg earlier in the day.  End

 

IST, or Indian Standard Time, is five-and-a-half hours ahead of GMT

 

Reported by Taniva Singha Roy

Edited by Deepshikha Bhardwaj

 

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