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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A00 aluminium ingot price in China drops again: Alumina spot price remains same
After a rise in A00 aluminium ingot price from RMB 14540 per tonne to RMB 14560 per tonne on June 14 on the face of primary aluminium inventory dip, it dwindled drastically on June 15, to RMB 14340 per tonne, Shanghai Metals Market believed. The prices are expected to range between RMB 14320 per...
Nalco CMD expects lower costs of production and higher alumina price to drive profits in FY19
In an interview to Economic Times, TK Chand, CMD, Nalco, says he expects the shortage in aluminium market to continue and the alumina and aluminium prices to remain bullish. According to him, in Q1 FY19, the company’s profit and EBITDA trend will continue to remain higher due to higher average...
A00 aluminium ingot price in China dwindles and so is alumina spot price: SMM updates
After a slight rise in average A00 aluminium ingot spot price on June 12, 2018, from RMB 14720 per tonne to RMB 14750 per tonne, it dropped again to RMB 14540 per tonne on June 13, according to Shanghai Metals Market. The prices are expected to range between RMB 14520 per tonne and RMB 14560 per...
Alumina price in China declines on spot cargoes sell: Primary aluminium price & inventory plunge as well
After a decline in two consecutive days last week, alumina spot price showed restraint today, June 11, at RMB 2904 per tonne, according to Shanghai Metals Market. On June 7, the alumina spot price plunged from RMB 2998 per tonne to RMB 2954 per tonne and on June 8, it fell to RMB 2904 per tonne....
Average alumina spot price in China dwindles two days in a row: Input costs remain steady
After hovering at RMB 2998 per tonne from 1 st of June to 6 th of June, 2018, the average alumina spot price dwindled two days in a row, according to Shanghai Metals Market. While on June 7, the average alumina spot price plunged from RMB 2998 per tonne to RMB 2954 per tonne; on June 8, it further...
Average A00 aluminium ingot price rises after a short downfall previous day: SMM
The average A00 aluminium ingot price surged on Wednesday, June 6, 2018, to close at RMB 14640 per tonne after a fall on the previous day from RMB 14550 per tonne to RMB 14520 per tonne, according to Shanghai Metal Market (SMM). The prices are expected to range within RMB 14620 per tonne to RMB...
Average A00 aluminium ingot price sees a drop: Alumina spot price remains same
According to Shanghai Metal Market, the average A00 aluminium ingot price plunged on June 5, 2018, from RMB 14550 per tonne to RMB 14520 per tonne. The prices are expected to range within RMB 14500 per tonne to RMB 14540 per tonne, with spot discounts remaining same at RMB 70 per tonne to RMB 30...
Bosnia and Herzegovina alumina import estimated to rise 33% annually in 2018
The global trade data suggests that Bosnia and Herzegovina will import 33 per cent more alumina in 2018 than last year. Greece is the key country from where country sourced maximum volume of alumina. Greece exported an estimated 165643 tonnes of alumina to Bosnia and Herzegovina in 2017, according...
China's domestic alumina price estimated to register sharp fall in late June on low stockpiling
Shanghai Metal Market anticipated yesterday on May 28, 2018, that domestic alumina prices in China are going to witness a limited decline on the face of continual low stockpiling that allows sellers to hold their offers firm. Since the beginning of May, China’s domestic alumina prices have fallen...
A00 aluminium ingot price surges two days in a row: Alumina spot price remains unchanged
Today, May 25, 2018, is the second day in a row that average A00 aluminium ingot price witnessed a surge from RMB 14570 per tonne, as on May 24, 2018, to RMB 14670 per tonne, according to Shanghai Metal Market. The prices are expected to range between RMB 14650 per tonne to RMB 14690 per tonne,...
LME aluminium is losing momentum with easing of trade tensions; SHFE aluminium dips on slow demand
LME aluminium stood rangebound and closed lower at US$ 2265.50per tonne on May 22 Tuesday from US$ 2278.5 per tonne on previous closing. The US dollar index dipped from its five-month high to close at 93.59 last night after US-Sino trade tension eased down. Base metals saw mixed trading overnight....
Average alumina spot price witnesses a significant plunge across various major Chinese markets
After showing restraint over a long period of time from 3rd of May to 18th of May, 2018, alumina spot market price declined two days in a row. According to Shanghai Metal Market, average alumina spot price, which was hovering at RMB 3118 per tonne until May 18 , 2018 plunged to RMB 3094 per tonne...
Average A00 aluminium ingot prices on the rise on growing demand and high input cost
At Asia Metals Seminar, jointly organised by Shanghai Metal Market, Bloomberg and HKEX on Tuesday, May 15, 2018, Ian Roper, general manager of SMM Singapore was of opinion that SHFE aluminium prices would likely to remain on the cost curve this year, while alumina prices would be dependable on the...
Iran to record 114% jump in imports of alumina in H1 2018
Iran is estimated to witness a jump in alumina imports in the first half of 2018. The country imported an estimated 221359 tonnes of alumina from the global market in 2017. The country’s alumina imports from China climbed up significantly in March 2018.China, one of the major exporters of alumina...
China's alumina export to see limited downward room as profits remain intact for the suppliers
We have recently covered a story on how Sanction against Rusal drove a quick surge in alumina export from China. China exported more than 300,000 tonnes of alumina as of May 4, since the profit window opened in April following the US sanctions against Rusal, SMM learned. The export started in...
Mytilineos anticipates positive prospect for its alumina business in Greece
The Greek Industrial Group reported on Thursday, May 3, 2018 that Mytilineos, a Greek-based industrial conglomerate whose companies are active in the sectors of metallurgy, energy, and EPC, is expecting a positive prospect for its alumina business in Greece despite surging alumina prices last month...
China’s A00 aluminium ingot price sees a growth; alumina price plunges on the other hand
Although the average A00 aluminium ingot price witnessed a dip to RMB 14330 per tonne on 2nd of May, 2018 from RMB 14430 per tonne on 27th of April, it restored and secured a marginal growth to RMB 14390 per tonne just a day after i.e. on 3 rd of May, 2018. The price was up from May 2 but down from...
Sanction against Rusal drives a quick surge in alumina export from China
The sanctions against Rusal, world's second-biggest aluminium producer and a major alumina producer have created supply concerns in both the alumina and aluminium market. Before the sanctions, Hydro’s Alunorte refinery in Brazil was forced to cut outputs by half earlier in the year due to leakage...
