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 aluminium benchmark price drops by US$7.5/t to US$2,144.5/t; SHFE price sheds US$10/t
LME aluminium opened at US$2181.5 per tonne on Monday, with its low and high at US$2162 per tonne and US$2189 per tonne, respectively, before closing at US$2176 per tonne, down 0.18 per cent. On Monday, October 23, LME aluminium cash bid price and LME aluminium official settlement price dropped by...
China’s alumina price marks 7th consecutive rise nearing RMB 3000/t; A00 aluminium ingot price shrinks by RMB160/t
According to the Shanghai Metals Market, the average alumina spot price has started the week on October 23 with a growth of RMB 5 per tonne to settle at RMB 2,998 per tonne. This marks the 7 th consecutive rise of China’s alumina spot price. In Guizhou, the alumina spot price has grown...
LME aluminium price grows by US$1.5/t to settle at US$2152/t; SHFE slips marginally to US$2594/t
LME aluminum opened at US$2,188 per tonne last Friday, with its low and high at US$2,169 per tonne and US$2,190.50 per tonne, respectively, before closing at US$2,180 per tonne, a drop of US$10 per tonne or 0.46 per cent. On Friday, October 22, LME aluminium cash bid price and LME aluminium...
Primary aluminium weekly: Chinalco produces first batch of high-quality green electrolytic aluminium ingots
The primary aluminium sector has been extremely busy this week, with the state-controlled Egyptian Aluminium Company (Egyptalum) extending the deadline for its smelter expansion project by one month. The new submission deadline is 12 November, instead of the initial date of 12 October, following...
LME aluminium price loses US$26/t to settle at US$2178.5/t; SHFE price dips by only US$1/t
LME aluminum opened at US$2,193.50 per tonne on Thursday, with its high and low at US$2,195.50 per tonne and US$2,178.50 per tonne, respectively, before closing at US$2,190.50 per tonne, an increase of US$1.5 per tonne or 0.07 per cent. On Thursday, October 19, LME aluminium cash bid price and LME...
SMM A00 aluminium ingot price dips by RMB30/t today; China’s average alumina spot price soars 1.9% M-o-M
The Shanghai Metals Market, on October 20, experienced a linear growth in aluminium prices, with the SMM A00 aluminium ingot price discarding RMB 30 per tonne to officially close at RMB 19,080 per tonne. The average prices have circulated between RMB 19,060 per tonne and RMB 19,100 per tonne....
Russian aluminium giant contemplates phasing out loss-making units: Interfax
The Russian aluminium industry leader is currently evaluating potential shutdown options for a number of its unprofitable facilities due to the combination of low aluminium prices and financial setbacks resulting from the implementation of an "exchange rate" export duty, as reported by Interfax,...
LME benchmark aluminium price gains US$28/t with Y-o-Y drop of 1.09%; SHFE aluminium price rises 2.24% Y-o-Y
LME aluminium opened at US$2,180 per tonne on Wednesday, with its high and low at US$2,199 per tonne and US$2,178.5 per tonne, respectively, before closing at US$2,189 per tonne, an increase of US$12 per tonne or 0.55 per cent. The LME aluminium live price chart on October 19 witnessed heightening...
China’s A00 aluminium ingot price ascends to RMB19,110/t; Alumina price gains RMB5/t
On Thursday, October 19, China’s A00 aluminium ingot price gained RMB 90 per tonne to clock at RMB 19,110 per tonne, with the spot contract price traded at a premium price of RMB 90 to RMB 130 per tonne. The average price on the same day may range between RMB 19,090 per tonne and RMB 19,130 per...
India's imported aluminium scrap prices decline amid limited activity and falling futures
The Indian imported scrap prices are witnessing a decline. It has been observed that the buyers and sellers were not actively participating in trading Indian imported scrap, resulting in lower transactions. In due course of time, the price of aluminium in futures has also decreased. This decrease...
September’s China primary aluminium production surges amid strong demand and low inventories
In September, China produced 5.3 per cent more primary aluminium compared to the previous year, according to the National Bureau of Statistics (NBS). This increase is due to strong demand and low aluminium inventories. China, the world's largest aluminium producer, produced 3.58 million tonnes of...
China’s alumina spot price adds RMB2/t; SMM A00 aluminium ingot price inflates by RMB120/t
China’s average alumina spot price has inched up by RMB 2 per tonne to close at RMB 2,987 per tonne. The alumina price in Shandong has soared by RMB 10 per tonne to officially close at RMB 2,960 per tonne, with average prices ranging between RMB 2,900 per tonne and RMB 3,020 per tonne. The...
LME aluminium price falls by US$13/t to US$2,148.5/t; SHFE price gains US$17/t
LME aluminium opened at US$2,183.5 per tonne on Tuesday, with its high and low at US$2,186 per tonne and US$2,158.5 per tonne, respectively, before closing at US$2,177 per tonne, a decrease of US$4 per tonne or 0.18 per cent. On Tuesday, October 17, both LME aluminium cash bid price and LME...
China’s domestic aluminium smelters experience narrow profitability due to cost hike
Last week till October 12, Shanghai Metals Market observed a rise in domestic aluminium spot cost backed by a strong performance of the alumina spot market. There was also a minor increase in power cost as captive power plants of mainstream aluminium smelters raised bid prices for coal purchases....
China’s alumina price ascends to RMB 2,985/t; A00 aluminium ingot price slips by RMB150/t
On Tuesday, October 17, the average alumina spot price in China added RMB 6 per tonne to clock at RMB 2,985 per tonne, followed by a growth of RMB 10 per tonne in Shandong, Henan and Shanxi to peg at RMB 2,950 per tonne, RMB 2,990 per tonne and RMB 3,005 per tonne. In Shanxi, the price has...
LME benchmark aluminium price narrows down by US$14.5/t in the week’s start; SHFE aluminium price sheds US$41/t
LME aluminium opened at US$2,193 per tonne on Monday, with its high and low at US$2,205 per tonne and US$2,179 per tonne, respectively, before closing at US$2,181 per tonne, a decrease of US$9 per tonne or 0.41 per cent. On October 16, the LME aluminium live price chart experienced falling price...
LME aluminium benchmark price closes the week with a drop of US$5/t; SHFE price moves down to US$2,613/t
LME aluminium opened at US$2,204 per tonne last Friday, with its high and low at US$2,212 per tonne and US$2,190 per tonne, respectively, before closing at US$2,190 per tonne, a decrease of US$11 per tonne or 0.5 per cent. On Friday, October 13, both LME aluminium cash bid price and LME aluminium...
SMM A00 aluminium ingot price subsides by 2.76% W-o-W; China’s alumina spot price drops RMB5/t
The Shanghai Metals Market, on October 16, witnessed minor hikes in aluminium prices, with the SMM A00 aluminium ingot price showing no change, remaining stoic at RMB 19,050 per tonne. The average prices have ranged between RMB 19,030 per tonne and RMB 19,070 per tonne. If we consider the price on...
