• Skip to main content

    CRU

    September 26, 2021

    CRU: Aluminum Volatility Reigns on Energy and Hardener Concerns

    Written by Greg Wittbecker

    By Stephen Williamson, CRU Research Manager, Aluminum

    As in last week’s report, aluminum prices continue to flirt with the $3,000 per metric ton mark on the LME, $2,908/t as of this writing. However, this apparently steady price range belies a torrent of market activity. The protracted energy curtailments in China continue to cast doubt on supply of primary aluminum and key alloying hardeners, silicon (Si), magnesium (Mg) and manganese (Mn).

    Greg Wittbecker

    Read more from Greg Wittbecker

    Latest in CRU

    CRU: HR coil futures re-price 2027 forward curve

    CME Group’s hot-rolled coil futures have jumped higher as the loss of a reheating line at a large Southern mill have renewed domestic production issues. At market close on Oct. 12, the Q4'26 futures are now pricing in $1,295 per short ton (st) for HR coil, a month-over-month (m/m) increase of $63/st. For 2027, the forward curve is up $80 /st vs. September, at $1,207/st. For November 2026 through March 2027, prices are at an average just above $1,300/st.