Energy costs drive China's August inflation as non-ferrous metals surge 20.8%
China's producer inflation accelerated in August as higher energy and non-ferrous metal prices pushed industrial costs higher, while weak domestic demand kept consumer inflation subdued. China's factory-gate inflation accelerated in August, with non-ferrous metal smelting and processing prices...
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...
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China’s A00 aluminium ingot price closes the week with a fall of RMB 40/t; Alumina price loses RMB2/t
On Friday, November 10, China’s A00 aluminium ingot price dropped by RMB 40 per tonne to clock at RMB 19,130 per tonne, with the average prices between RMB 19,110 per tonne and RMB 19,150 per tonne. The spot contract price may be traded at a discount price of RMB 80 to RMB 40 per tonne. As per the...
Alumina spot price in China losses RMB2/t; A00 aluminium ingot price declines by RMB60/t despite production cut
On Thursday, November 9, the average alumina spot price in China has recorded a drop of RMB 2 per tonne to reach RMB 3,008 per tonne, according to the Shanghai Metals Market. The price has contracted after remaining restrained at RMB 3,010 per tonne from November 2 to 8. In Shandong and Shanxi, the...
LME aluminium benchmark price gains US$17.5/t to US$2,258.50/t; SHFE price dips by US$5/t
LME aluminium opened at US$2273.5 per tonne on Wednesday, low and high at US$2262 per tonne and US$2279 per tonne, respectively, before closing at US$2264 per tonne, down US$17 per tonne or 0.07 per cent. On Thursday, November 8, both LME aluminium cash bid price and LME aluminium official...
China’s A00 aluminium ingot price drops M-o-M by RMB360/t; Low carbon aluminium price gains RMB52/t
On Wednesday, November 8, China’s A00 aluminium ingot price has gained RMB 60 per tonne to settle at RMB 19,230 per tonne, with the average prices standing between RMB 19,210 per tonne and RMB 19,250 per tonne. The spot contract price may be traded at a discount price of RMB 90 to RMB 50 per tonne....
LME aluminium benchmark price tumbles US$13/t down to US$2241/t; SHFE aluminium price negates 0.22%
LME aluminium opened at US$2286.0 per tonne on Tuesday, with its low and high at US$2253.0 per tonne and US$2286.0 per tonne, respectively, before closing at US$2277.0 per tonne, down US$9 per tonne or 0.39 per cent. On November 7, the LME aluminium live price chart spotted slightly declining...
India’s ADC12 aluminium ingot prices fall by INR 3000/t M-o-M despite steady raw materials cost
Aluminium ADC12 alloy ingot prices fell by INR 3,000 per tonne to INR 192,000 per tonne despite steady raw material costs, namely casting scrap pricing, exw Delhi. The monthly average prices of tense scrap in India remained consistent at INR 155,000-156,000 per tonne exy Delhi. However, the...
SMM A00 ingot price gains RMB90/t W-o-W to reach RMB19170/t today; Low-carbon aluminium price adds RMB55/t
The Shanghai Metals Market, on November 7 witnessed an overall spike in aluminium prices, with the SMM A00 aluminium ingot price adding RMB 50 per tonne to close at RMB 19,170 per tonne. The average aluminium prices have circulated between RMB 19,150 per tonne and RMB 19,190 per tonne. If we...
LME aluminium benchmark price expands by US$34.5/t; SHFE price ascends to US$2,655/t
LME aluminium opened at US$2253 per tonne on Monday, with its low and high at US$2243 per tonne and US$2295 per tonne respectively before closing at US$2286 per tonne, up US$33 per tonne or 1.42 per cent. On Monday, November 6, both LME aluminium cash bid price and LME aluminium official settlement...
LME aluminium benchmark price ascends by US$1.5/t to US$2219.5/t; SHFE aluminium price glides up US$92/t Y-o-Y
LME aluminium opened at US$2232.5 per tonne last Friday, with its low and high at US$2229.5 per tonne and US$2260 per tonne, respectively, before closing at US$2256.5 per tonne, up 0.98 per cent. The LME aluminium live price chart , on November 3, marked a slight elevation in aluminium prices, with...
China’s A00 aluminium ingot price opens the week with a drop of RMB50/t; Low carbon aluminium price loses RMB73/t
On Monday, November 6, China’s A00 aluminium ingot price dropped by RMB 50 per tonne to clock at RMB 19,120 per tonne, with the average prices between RMB 19,100 per tonne and RMB 19,140 per tonne. The spot contract price may be traded at a discount price of RMB 90 to RMB 50 per tonne. The domestic...
Primary aluminium recap: Yunnan province begins 1.5 MT output cut; Indian aluminium companies reduce product prices by INR3000/t
The primary aluminium industry, which is considered to be an epicentre of the aluminium value chain, is always spotted with crucial occurrences. This week was no exception, and the most vital event was the commencement of productions at aluminium smelters in Yunnan. This phenomenon is expected to...
Hindalco & Vedanta’s aluminium ingot prices encounter a cut of INR3000/t this week
Indian aluminium giants, including Hindalco Industries Ltd, Vedanta Ltd, and National Aluminium Corporation (NALCO), have reportedly reduced their aluminium prices in response to the LME aluminium price fall this week from October 30 to November 3. The LME aluminium benchmark price encountered a...
Ball Corporation posts a 48% plunge in net earnings attributed to weakening prices of aluminium packaging products
Ball Corporation, the world's leading provider of innovative and sustainable aluminium packaging for beverage, personal care, and household products, has announced its third quarter 2023 results, disclosing net earnings attributable to the corporation of $203 million or diluted earnings per share...
SMM A00 aluminium ingot price surges RMB920/t Y-o-Y with RMB20/t slump today; Low-carbon aluminium price sheds RMB16/t
On November 3, the Shanghai Metals Market experienced mixed aluminium price trends, with the SMM A00 aluminium ingot price negating RMB 20 per tonne to close at RMB 19,170 per tonne. The average aluminium prices have circulated between RMB 19,150 per tonne and RMB 19,190 per tonne. If we consider...
LME aluminium benchmark price drops to US$2,218/t; SHFE price loses US$7/t to US$2,628/t
LME aluminium opened at US$2244.5 per tonne on Thursday, with its low and high at US$2224.5 per tonne and US$2251.5 per tonne, respectively, before closing at US$2232 per tonne, down 0.47 per cent. On Thursday, November 2, both LME aluminium cash bid price and LME aluminium official settlement...
Overview of the Chinese aluminium market in Oct '23: Demand deficit took a toll on metal prices and companies' earnings
In October 2023, China encountered an assorted journey in terms of price movement across the aluminium value chain. Being obligated to the unenthusiastic demand among downstream sector, China’s domestic primary aluminium ingot price continued to fall in the said month. On the other hand, the...
SMM aluminium ingot price grows by RMB 50/t due to ongoing production cuts in Yunnan
China’s A00 aluminium ingot price experienced a growth of RMB 50 per tonne on Thursday, November 2, to clock at RMB 19,190 per tonne. The prices have expanded in all the provinces. One of the main reasons for the price hike can be attributed to a significant development in China’s aluminium...
United States primary aluminium production marks a dip in the alternate month Aug’23 by 3%
According to the US Geological Survey, the United States produced 62,000 tonnes of primary aluminium in August 2023. That was 2,000 tonnes or 3.13 per cent less than 64,000 tonnes in the earlier month , following a rise of 3.23 per cent M-o-M in July. However, on a year-on-year basis, the output in...
