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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India's alumina export on the rise QoQ in Q1 2018; export revenue expected to rise further due to higher alumina prices
After the publication of Q1 2018 results, Nalco CMD TK Chand said alumina business is pushing up Nalco profitability. He said the PBT from alumina segment stood at INR 1125 crore. Nalco drives the alumina export segment in India every year being the top alumina producer and exporter. Nalco...
A00 ingot gets support from higher input prices; inventory shrinks on slower deliveries
According to an update from Shanghai Metals Market, SHFE 1810 contract fell and closed at RMB 14,685 per tonne today as some longs covered their positions and the contract is expected to face resistance at RMB 14,850 per tonne. Average A00 ingot prices stand at RMB 14,500 per tonne today, up about...
RUSAL's alumina sales revenue surges in H1 2018 on higher alumina prices despite lower volume
UC RUSAL, a leading global aluminium producer, announced its results for the three and six months ended 30 June 2018. Rusal alumina production for the quarter and the first half of the year was stable. Alumina production for Q2 2018 stood at 1,924 million tonnes, almost flat YoY. The six months...
Analysts project volatility in aluminium market throughout 2018
Spot alumina price saw some unprecedented highs in 2018 first half and doubled to over $700 per tonne as the market showed panic reaction to U.S. sanctions on Oleg Deripaska and Rusal entities in April. The supply scenario was disrupted by two major happenings. First, the fifty per cent capacity...
Primary aluminium price sees a further surge despite narrow trading activities in the east China
According to the latest update by Shanghai Metals Market, larger aluminium spot discounts have resulted in narrow trading activities in the east China spot aluminium market as sellers there showed slight reluctance in offloading cargoes on Tuesday, July 24. Yesterday, spot discounts in the east...
Aluminium ingot price registers hike two days in a row backed on increasing alumina spot price: SMM
After a fall on last Friday, April 20, A00 aluminium ingot price recorded a rise in two consecutive days this week. On April 23, the price increased right from RMB 13910 per tonne to RMB 14070 per tonne, followed by a further hike to RMB 14120 per tonne today, April 24, Shanghai Metals Market...
Ireland’s alumina export revenue surges in Q2 2018 on US sanctions despite declining volume
Ireland is one of the leading export economies in the world houses Rusal-operated Aughinish alumina refinery. Located in a rural part of Ireland, Aughinish refinery is the sole producer of alumina in the country and one of the most efficient alumina facilities globally, with an annual production...
China’s sweeping growth in alumina export in Q2 CY2018 expected to continue in Q3
According to the international export-import statistics, the estimated alumina export from China in 2018 is 177,996 tonnes, while the expected revenue to be at US$ 324 million. In the first quarter of 2018, the total alumina export from China was 59,548 tonnes and the revenue earned was US$63...
China aluminium prices find support in buoyant alumina; new commissioning slow down on low demand
The China market is buzzing with the expectations that primary aluminium prices would stabilize or may increase supported by alumina prices. Meanwhile, anticipation of a growth in aluminium inventory grows amid low seasonal demand and slow pace in re-commissioning of capacity. Shanghai Metals...
LME aluminium registers a rise after consecutive falls; SHFE gains support from higher alumina price
After a continuous downtrend, LME aluminium registered a rise and closed at US$ 2135.5 per tonne on Monday from US$ 2098.5 per tonne in the previous closing. It registered a second consecutive rise last night. It stood firm above the five-day moving average, jumping to a high of US$2,134.5 per...
Stable alumina buoys aluminium ingot price three days in a row
The A00 aluminium ingot spot price continued to rise three days in a row since July 6, 2018, according to the data by Shanghai Metals Market. Today, as of July 10, the ingot price raised RMB 20 per tonne to stand at RMB 14010 per tonne, compared to RMB 13990 per tonne on July 9 after growing from...
Chalco, Luoyang Heungkong Wanji Aluminium Co cut alumina production on lower alumina prices
Chinese alumina producers Aluminium Corporation of China and Luoyang Heungkong Wanji Aluminium Co Ltd have announced major alumina production cuts in the provinces of Shanxi and Henan respectively. Shanxi province is China’s second biggest alumina producing province. Reuters reported that Luoyang...
Alumina output to lower in China on environmental initiative and production lines maintenance
According to the latest update by Shanghai Metals Market, alumina production in Lvliang of Shanxi province is likely to be affected as the area was highlighted in China’s three-year initiative to “make skies blue again”. This initiative was released by the State Council on June 3, 2018, with an aim...
Commission of new aluminium capacity in China to slow down on lower aluminium prices
As per the data by Shanghai Metals Market, total costs for primary aluminium plunged to 3.6 per cent in June, compared to the month ago. Until the end of June, total costs for primary aluminium stood at RMB 13942 per tonne, with the average price hovered at RMB 14221 per tonne throughout the month....
Alumina spot price in China sees a further decline, while A00 aluminium ingot price grows
After rallying at RMB 2786 per tonne for two days in a row on June 25 and 26, alumina spot price plunged to RMB 2745 per tonne in China today, on June 27, 2018, according to Shanghai Metals Market. The average price is expected to hover at RMB 2745 per tonne. In the east, the alumina price dropped...
LME aluminium closed higher on Monday; SHFE to remain low on falling alumina and prebaked anode prices
LME aluminium rebounded with the dipping of US dollar and closed Monday’s trading at US$ 2172 per tonne. LME aluminium was dragged down by its SHFE counterpart to close at a low of US$2,149.5 per tonne last night. It is expected to recover some losses and move close to the five-day moving average...
A00 aluminium ingot price rises marginally, while alumina price shows no change
After showing a restraint yesterday, on June 21, at RMB 14120 per tonne, the average A00 aluminium ingot price saw a marginal growth today, June 22, to RMB 14130 per tonne, according to Shanghai Metals Market. The prices are expected to range between RMB 14110 per tonne and RMB 14150 per tonne,...
Alumina price in China dips for continued pressure; A00 ingot price drops on lowered aluminium inventory
Alumina prices continued to decline across China, facing pressure from higher operating capacity, potential surge in domestic supply, and falling prices of primary aluminium, according to Shanghai Metals Market. On Friday, June 15, 2018, the price of alumina averaged RMB 2812 per tonne, down RMB 92...
