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Informist, Thursday, Apr. 16, 2026

--MCX aluminium April contract hits new high of INR 377.15 per kg

MUMBAI – Futures contracts of aluminium surged to a fresh all-time high on the Multi Commodity Exchange of India on Thursday, tracking a rise in contracts on the London Metal Exchange due to supply concerns driven by the West Asia disruptions, tightness in the market and declining LME inventories.

At 1843 IST, the most active April contract of aluminium on the MCX was up over 1% at INR 373.55 per kg, after hitting a record high of INR 377.15 per kg earlier in the day. Aluminium rallied amid persistent global aluminium supply-side challenges driven by West Asia disruptions, analysts at Kedia Adviosry said.

Aluminium prices rose due to market tightness, with deficit expected to persist, Kotak Securities said in a report. "JPMorgan Chase expects a substantial global deficit of around 1.9 million tonnes in 2026, largely due to disruptions in Middle East (West Asia) output," analysts said. The situation has been further aggravated by a shutdown at Emirates Global Aluminium's Al Taweelah smelter, which could take up to a year to fully restore.

"The Gulf region accounted for about 9% of global aluminium supply before this year's US-Israeli attacks on Iran," analysts added.

Meanwhile, on Wednesday, the White House said that talks regarding a potential second round of peace negotiations with Iran are "ongoing" and "productive". Mediators, including Pakistan, are reportedly working to bring the US and Iran back to the negotiating table as Islamabad hosts diplomatic engagements aimed at extending the fragile ceasefire before it lapses, reports said. "While improving sentiment around potential US–Iran de-escalation may support demand, aluminium's strength is primarily driven by supply-side risks," Kotak Securities said.  End

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

Reported by Reshma Ravi

Edited by Akul Nishant Akhoury

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