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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LME benchmark aluminium price discards US$4.50/t on November 1; SHFE aluminium price floats by US$7/t
LME aluminium opened at US$2246 per tonne on Wednesday, with its low and high at US$2233.5 per tonne and US$2257 per tonne, respectively, before closing at US$2242.5 per tonne, down 0.16 per cent. On November 1, the LME aluminium live price chart experienced a slump in aluminium prices, with the...
Imported aluminium scrap prices in India witness upward trend despite limited demand
As per reports, the Indian imported aluminium scrap market has lately experienced an increasing trend in pricing, indicating a jump in futures contracts and price changes made by key industry participants. However, domestic demand has remained low, mostly due to the upcoming Diwali...
SMM A00 aluminium ingot price skyrockets 3.01% Q-o-Q; Alumina price in Guizhou gains RMB10/t
The Shanghai Metals Market, on November 1, witnessed an accelerating trait in aluminium prices, with the SMM A00 aluminium ingot price adding RMB 60 per tonne to close at RMB 19,140 per tonne. The average aluminium prices have circulated between RMB 19,120 per tonne and RMB 19,160 per tonne. When...
LME aluminium benchmark price drops by US$17/t to US$2,235/t; SHFE price moves up by US$2/t
Three-month LME aluminium opened at US$2261.5 per tonne last evening and closed at US$2246 per tonne, a decline of US$17.5 per tonne or 0.77 per cent. On Tuesday, October 31, both LME aluminium cash bid price and LME aluminium official settlement price dropped by US$16.5 per tonne or 0.73 per cent...
Key trending news from the global aluminium industry, October 2023
The year 2023 looked positive regarding worldwide aluminium demand, but high inflation and a continuous threat of recession acted as a grinch, at least during H1, 2023. As per BMI, a research agency under Fitch Solutions, the commodity-intensive industries in Mainland China have had a sluggish...
LME benchmark aluminium price ascends to US$2252/t; SHFE aluminium price dwindles by US$1/t
LME aluminium opened at US$2224 per tonne on Monday, with its low and high at US$2221.5 per tonne and US$2224 per tonne, respectively, before closing at US$2263.5 per tonne, up US$38 per tonne or 1.71 per cent. The LME aluminium live price chart, on October 30, witnessed an overall hike in...
China’s A00 aluminium ingot price loses RMB70/t to RMB 19,080/t; Aluminium powder price inches down by RMB 0.1/kg
On Tuesday, October 31, China’s A00 aluminium ingot price dropped by RMB 70 per tonne to clock at RMB 19,080 per tonne, with the average prices between RMB 19,060 per tonne and RMB 19,100 per tonne. The spot contract price may be traded at a discount price of RMB 100 per tonne to RMB 60 per tonne....
LME aluminium price contracts by US$32/t to US$2,170.5/t; SHFE price gains US$38/t
LME aluminium opened at US$2200 per tonne last Friday, with its low and high at US$2187 per tonne and US$2230.5 per tonne, respectively, before closing at US$2225.5 per tonne, up US$29 per tonne or 1.32 per cent. On Friday, October 27, both LME aluminium cash bid price and LME aluminium official...
SMM A00 aluminium ingot price turns bullish at October’s end, up RMB240/t today; Low-carbon aluminium price surges by RMB220/t
On October 30, the Shanghai Metals Market experienced escalating aluminium price movements, with the SMM A00 aluminium ingot price augmenting by RMB 240 per tonne to close at RMB 19,150 per tonne. The average aluminium prices have circulated between RMB 19,130 per tonne and RMB 19,170 per tonne....
China’s A00 aluminium ingot price reflects M-o-M decline of RMB 870/t; Low carbon aluminium price falls to RMB 19,759/t
China’s A00 aluminium ingot price on Friday, October 24, has fallen by RMB 110 per tonne to clock at RMB 18,910 per tonne, with the average prices between RMB 18,890 per tonne and RMB 18,930 per tonne. The spot contract price may be traded at a discount price of RMB 40 per tonne and a premium price...
LME aluminium price marks two consecutive days of hike reaching US$2202.5/t; SHFE aluminium price plunges US$96/t M-o-M
LME aluminium opened at US$2214 per tonne on Thursday, with its low and high at US$2193 per tonne and US$2228 per tonne, respectively, before closing at US$2196.5 per tonne, up 0.7 per cent. On October 26, the LME aluminium live price chart experienced a spike in aluminium prices, with the LME...
India's aluminium ADC12 alloy ingot prices continue to decline in the face of weak demand
The recent dynamics in the Indian market for aluminium ADC12 alloy ingots and scrap metals have resulted in numerous notable developments. This week, the price of ADC12 alloy has stayed steady at INR 184,000 per tonne. Concurrently, the price of tense scrap in the Delhi market has remained steady,...
China’s domestic A00 aluminium ingot price declines but remains above RMB19000/t
On Thursday, October 26, A00 aluminium ingot price has recorded a drop of RMB 70 per tonne after a hike last day. Nevertheless, the price is still standing above RMB 19,000 per tonne, found the Shanghai Metals Market. According to the data, A00 aluminium ingot price has come in at RMB 19,020 per...
LME aluminium benchmark price expands by US$42/t to US$2,188.5/t; SHFE price drops to US$2,603/t
LME aluminium opened at US$2202 per tonne on Wednesday, with its low and high at US$2199.5 per tonne and US$2223 per tonne respectively before closing at US$2212 per tonne, up 0.27 per cent. On Wednesday, October 25, both LME aluminium cash bid price and LME aluminium official settlement price...
Hydro’s Q3 2023 revenue declines 15% Y-o-Y due to bearish aluminium prices; measures to mitigate crisis are underway
Lower extrusions and recycling volumes, coupled with bearish alumina and aluminium prices, led to a bigger-than-expected drop in Norsk Hydro’s financial output in the third quarter of 2023 ended September 30. On Monday, October 23, Hydro released its Q3 CY2023 fiscal report, announcing a 15 per...
LME aluminium price picks up US$2/t after a fall to reach US$2146.5/t; SHFE price heightens by 1.24%
Three-month LME aluminum opened at US$2,178 per tonne last evening and closed at US$2,206 per tonne, a rise of US$30 per tonne or 1.38 per cent. On Tuesday, October 24, LME aluminium cash bid price and LME aluminium official settlement price grew by US$2 per tonne, following a fall of US$7.5 per...
Alumina price in Henan exceeds RMB3000/t level with a gain of RMB10/t
According to the Shanghai Metals Market, the average alumina spot price has continued to increase by RMB 8 per tonne on Wednesday, October 25, to stand at RMB 3,009 per tonne. In Henan, the alumina price has built up RMB 10 per tonne to settle at RMB 3,010 per tonne, following a restraint at RMB...
SMM A00 aluminium ingot price loses RMB10/t; China’s alumina spot price gains RMB3/t
The Shanghai Metals Market, on October 24, experienced mixed aluminium price trends, with the SMM A00 aluminium ingot price shedding RMB 10 per tonne to close at RMB 18,910 per tonne. The average aluminium prices have ranged between RMB 18,890 per tonne and RMB 18,930 per tonne. China’s major...
