LME aluminium price chart rises further to $3,325/t; stocks remain stable
The London Metal Exchange (LME) aluminium price chart continues to record an upward trend across the pricing and contract segments on the September 8 trading session, reporting gains over the September 7 close . Opening stocks remained stable, not reporting any further decline. The LME aluminium...
LME aluminium price rises to $3,310/t: Can EGA and Alba repairs bring back 2025 levels?
The London Metal Exchange (LME) aluminium price reported improvements across the pricing and contract segments on the September 7 close, recovering from the downward trend reported at the September 4 session . As the repair and operations stabilise at the facilities of Emirates Global Aluminium...
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Guizhou Galuminium plans to expand alumina capacity to 800,000 tonnes; alumina price registers a drop in China
Galuminium in China's south-western province of Guizhou will expand its annual alumina capacity to 800,000 tonnes in the fourth quarter of 2019. Shanghai Metals Market reported that Galuminium planned to commission its second alumina production line for phase-one project in Q4. The company’s...
A00 aluminium ingot price extends its drop in China, but the input costs show no change
According to Shanghai Metals Market, the A00 aluminium ingot price has extended its drop today, on January 3, to RMB 13,270 per tonne from RMB 13,310 per tonne, as of January 2. Since the reopening of the market in the New Year 2019, the Chinese A00 aluminium ingot price has recorded a plunge for...
LME and SHFE remained closed yesterday on NYD holiday; likely to trade weakly today
Slow year-end trading lowered the US dollar fell against the yen and euro on Monday as optimism over US-China trade dispute dented its safe-haven allure. However, the greenback stayed on track to log its strongest annual performance in three years. Base metals ended mixed on Monday, December 31....
LME aluminium saw one of the most bearish weeks in 2018; falling alumina price put pressure on SHFE
The US dollar index saw a weak run over the week as investors flocked to safe-haven currencies following another volatile trading session of US stocks market. LME aluminium saw a bearish week as the removal of US sanctions on Rusal created a relaxed atmosphere in the market. The week saw three...
LME aluminium extends its losses and hovers around US$1898 per tonne; SHFE falls on declining alumina prices
The US dollar index weakened on Thursday as investors flocked to safe-haven currencies following another volatile trading session of US stocks market. LME base metals traded mixed on Thursday after a two-day closure for the Christmas holiday, but, aluminium dropped 1.2%. SHFE base metals, except...
A00 aluminium ingot price extends drop across all Chinese markets; input costs show no change
According to Shanghai Metals Market, the A00 aluminium ingot price has extended its drop today, on December 28, to RMB 13,440 per tonne from RMB 13,540 per tonne on the previous day. Today’s price marks the lowest so far since the last two months. About a month ago on November 30, the price had...
Chinese A00 aluminium ingot price declines on increased inventory and extended price drop of alumina
According to Shanghai Metals Market, social inventories of primary aluminium across eight major consumption areas in China, including SHFE warrants, increased 6000 tonnes over the week ended on December 27, to come in at 1.29 million tonnes. More arrivals from smelters and smaller purchases from...
Chinese A00 aluminium ingot price extends its growth further, but alumina price declines
The A00 aluminium ingot price continues to rise post-Christmas day, December 26, from RMB 13,630 per tonne to RMB 13,710 per tonne, marking a growth by RMB 80 per tonne, Shanghai Metals Market found. The ingot price has been rising since December 21 and today it marks the fourth consecutive hike....
Chinese A00 aluminium ingot price records third consecutive growth this Merry Christmas day
The primary aluminium spot market in China seems to be merry for the sellers on the auspicious occasion of Merry Christmas. The A00 aluminium ingot price has climbed RMB 10 per tonne on December 25, to clock at RMB 13,630 per tonne, Shanghai Metals Market found. This marks the third consecutive...
China’s alumina exports in November lower 38% from the previous month despite growth in production
Despite an increase in alumina production in November, China’s alumina export stood down by 37.9 per cent from October, showed Shanghai Metals Market. China exported a total amount of 285,700 tonnes of alumina in November compared to 460,000 tonnes and above in October. According to SMM, China’s...
Alumina Industry Recap 2018: A year of supply disruptions and bullish price
Introduction: The year 2018 has seen some unprecedented developments in the global alumina and aluminium market scenario that has turned the market upside down making all previous forecasts redundant. The alumina market went through a topsy-turvy and volatile period with sharp rise and fall in...
Chinese A00 aluminium ingot price records a plunge after jump on the previous day; input costs show restraint
After a rise by RMB 100 per tonne from RMB 13,540 per tonne to RMB 13,640 per tonne, the A00 aluminium ingot price recorded a plunge today, on December 19, by RMB 50 to stand at RMB 13,590 per tonne, Shanghai Metals Market found. The average prices are expected to range between RMB 13,570 per tonne...
China's inventory of primary aluminium drops with smelter capacity cut; market prices remain unchanged today
As reported by Shanghai Metals Market, China's social inventory of primary aluminium including SHFE warrants, across eight consumption areas continued its decline and stood at 1.28 million tonnes as of Monday December 17. This volume is about 18,000 tonnes less from the stock on Thursday December...
Chinese A00 aluminium ingot price records plunge after two days of rise; input costs remain unchanged
After a rise in last two consecutive days, the A00 aluminium ingot price again recorded a plunge today, on December 12, from RMB 13,600 per tonne to RMB 13,540 per tonne, Shanghai Metals Market learned. The average prices are expected to range between RMB 13,520 per tonne and RMB 13,560 per tonne,...
Chinese A00 aluminium ingot price extends rise in the backdrop of lowered inventories; alumina price drops
According to an update from Shanghai Metals Market, social inventories of primary aluminium continued to extend its fall across eight consumption areas in China, including SHFE warrants, and stood at 1.32 million tonnes, as of Monday, December 10. This marked a decline by some 35,000 tonnes from...
Chinese A00 aluminium ingot price records a rise, but with no trace of input costs change
After four consecutive drops since the beginning of the month, the A00 aluminium ingot price has rebounded today, on December 10, and jumped from RMB 13,500 per tonne, as of December 7, to RMB 13,590 per tonne, Shanghai Metals Market found. This marks a growth by RMB 90 per tonne. The average...
Chinese A00 aluminium ingot spot price records a drop for five days in a row: SMM
According to Shanghai Metals Market, the A00 aluminium ingot price has extended a plunge even today, on November 30, by RMB 80 per tonne to stand at RMB 13,500 per tonne. This marks the fifth consecutive fall throughout the week since November 26. The average prices today are expected to range...
China alumina spot prices extend plunge; aluminium ingot down by RMB50/t
Alumina and aluminium prices are on a downward trend after winter production cuts have started in China. Average spot alumina price in China stood at RMB 3075 per tonne on November 28, a further drop from RMB 3094 per tonne on November 27. The spot prices are expected to range within RMB 3075 per...
