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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India’s secondary aluminium ingot price drops due to surge in raw material circulation
The Indian aluminium alloy ingot market has witnessed a price decline in recent weeks. However, there is some positive news to report. Raw material availability has increased, and there has been a drop in LME futures contracts, which has resulted in a w-o-w US$30-40 per tonne price decline....
China’s A00 aluminium ingot price plunges by RMB200/t; Alumina price gains RMB6/t
On Friday, October 13, China's A00 aluminium ingot price nosedived by RMB200 per tonne to close at RMB 19,050 per tonne, with the average prices standing between RMB 19,030 per tonne and RMB 19,070 per tonne. The spot contract price may be traded at a discount price of RMB 10 per tonne and a...
LME benchmark aluminium price spikes US$27.50/t M-o-M; SHFE aluminium price on bearish trend since October 11
LME aluminium opened at US$2,215 per tonne on Thursday, with its high and low at US$2,228.5 per tonne and US$2,195 per tonne, respectively, before closing at US$2,201per tonne, a decrease of US$12.5 per tonne or 0.56 per cent. The LME aluminium live price chart on October 12 witnessed mixed price...
Russian aluminium stocks share in LME warehouses shrink to 76% during Sept’23
According to a report on Tuesday, October 10, the share of Russian aluminium stocks in London Metal Exchange-approved warehouses fell to 76 per cent in September 2023 from 81 per cent in August. The actual amount of Russian stocks on the LME warrant decreased from 183,650 tonnes in August to...
LME aluminium price slips by US$20/t on rising inventory and lower consumption; SHFE price falls by US$21/t
LME aluminium opened at US$2,214.5 per tonne on Wednesday, with its high and low at US$2,227 per tonne and US$2,206 per tonne, respectively, before closing at US$2,213.5 per tonne, a decrease of US$0.5 per tonne or 0.02 per cent. On Wednesday, October 11, both LME aluminium cash bid price and LME...
SMM A00 aluminium price discards RMB120/t today, up 5.59% Q-o-Q; High purity aluminium price sheds RMB100/t
On October 12, the Shanghai Metals Market experienced dampening aluminium prices all over China, with the SMM A00 aluminium ingot price plunging by RMB 120 per tonne to officially close at RMB 19,250 per tonne. The average prices have ranged between RMB 19,230 per tonne and RMB 19,270 per tonne. If...
India's imported aluminium scrap price falls due to weak demand
The Indian imported aluminium scrap market has recently experienced a downturn, a trend closely aligned with the decline observed in futures exchanges and limited domestic demand. UK and European suppliers have introduced varying price ranges for aluminium scrap. This variance or divergence has...
LME benchmark aluminium price ascends by US$6/t mid-week; SHFE displays mixed aluminium price trends with US$20/t loss
LME aluminium opened at US$2,242.50 per tonne on Tuesday, with its high and low at US$2,249.50 per tonne and US$2,211 per tonne, respectively, before closing at US$2,214 per tonne, a decrease of US$32 per tonne or 1.42 per cent. The LME aluminium live price chart, on October 10, experienced...
China’s A00 aluminium ingot price falls by RMB80/t W-o-W to RMB 19,370/t; Alumina price gains RMB3/t
On Wednesday, October 11, China's A00 aluminium ingot price witnessed a fall of RMB 140 per tonne to RMB 19,370 per tonne, with the average prices ranging between RMB 19,350 per tonne and RMB 19,390 per tonne. The spot contract prices may be traded at a premium price of RMB 30 to RMB 70 per tonne....
China’s alumina spot price heightens by 4.4% Y-o-Y; SMM A00 aluminium ingot price drops RMB80/t today
The average alumina spot price in China has soared by RMB 4 per tonne, halting at RMB 2,965 per tonne, while the price of alumina in Shandong, Henan, Shanxi and Guizhou have all escalated by RMB 5 per tonne. The price of alumina in Shandong stopped at RMB 2,925 per tonne; in Henan, it anchored at...
LME aluminium benchmark price drops to US$2,193/t; SHFE price ascends by US$9/t
Three-month LME aluminium opened at US$2237 per tonne last evening and closed at US$2247 per tonne, a US$7.5 per tonne rise or 0.33 per cent. On Monday, October 9, both LME aluminium cash bid price and LME aluminium official settlement price dropped by US$15 per tonne or 0.67 per cent to close at...
Indian aluminium industry weekly trends: Price adjustments in P1020 ingot segment amidst steady ADC12 alloy prices
During the previous week, the Indian base metals market displayed a mixed performance, with positive and negative moves and some minor price swings. Although domestic aluminium prices remained relatively stable, the imported market experienced higher price volatility. Throughout the week, the...
LME aluminium price recovers US$12.5/t to settle at US$2208/t; SHFE price resumes market with a 1.15% decline
The three-month LME aluminum opened at US$2,232 per tonne, with high and low at US$2,248 per tonne and US$2,222.50 per tonne, respectively, before closing at US$2,246 per tonne, up by $14 per tonne or 0.63 per cent. On Friday, October 6, the LME aluminium cash bid price rose by US$12 per tonne to...
Bauxite price in Shanxi flaunts a rise of RMB10/t after two months; Alumina price resumes from a week-long break with an RMB8/t hike
China’s primary aluminium input prices have resumed the market from a week-long Mid-Autumn Festival and National Day Holiday on a high note. After remaining restrained for almost two months, China’s domestic bauxite prices have recorded a rise, particularly bauxite (4.5≤Al/Si＜5.5) Shanxi and...
Primary aluminium weekly: Speira announces closure of primary production at its Rheinwerk facility; Rio Tinto's Kitimat aluminium smelter begins production
Last week was a very exciting time for AL Circle with the rebranding experience in play. Overall, the aluminium industry, too, saw a few gut-wrenching events. A fire broke out at Rusal-owned Krasnoyarsk Aluminium Smelter on Wednesday. A transformer caught fire in a 50 square metre area. No...
LME aluminium price attains US$2300/t level in Sep'23 after over 3 months; short-term future looks bullish due to year-end restocking
The benchmark aluminium price on the London Metal Exchange in September 2023 recorded an increase of US$123.50 per tonne or 5.65 per cent to reach US$2,307.50 per tonne. The price started flaunting a steady growth towards the second half of the month compared to the initial days. After initiating...
LME aluminium benchmark price slumps by US$35.5/t to US$2,195.5/t; SHFE remains closed for Mid-Autumn Festival
On Thursday, October 5, both LME aluminium cash bid price and LME aluminium official settlement price slumped by US$35.5 per tonne or 1.59 per cent to halt at US$2,195 per tonne and US$2,195.50 per tonne. As per the London Metal Exchange (LME) graph , both 3-month bid price and 3-month offer price...
US primary aluminium output in July 2023 rebounds to 64,000 tonnes to match the previous year’s level
In July 2023, the United States domestic primary aluminium production amounted to 64,000 tonnes, up by 2,000 tonnes or 3.23 per cent month-on-month, found the US Census Bureau data. However, the output increased in July following a drop of 4.62 per cent in June from 65,000 tonnes to 62,000 tonnes....
