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 negates US$26/t on October 4; SHFE records no activity due to the Mid-Autumn Festival
On October 4, the LME aluminium live price chart witnessed deescalating prices, with the LME aluminium cash bid price and the LME aluminium official price losing US$25.50 per tonne or 1.13 per cent and US$26 per tonne or 1.15 per cent, respectively, to officially close at US$2,230.50 per tonne and...
India’s imported aluminium scrap prices show volatile trend W-o-W owing to fluctuations in future exchanges
India's imported aluminium scrap prices have shown mixed sentiments in line with movements in futures exchanges, which had w-o-w divergences but primarily exhibited a negative trend. The current state of the aluminium market is characterised by a diverse environment driven by various significant...
LME aluminium benchmark price drops to US$2,257/t; SHFE market remains closed for Mid-Autumn festival
On Tuesday, October 3, both LME aluminium cash bid price and LME aluminium official settlement price dropped by US$30 per tonne or 1.31 per cent and US$29.5 per tonne or 1.29 per cent to score at US$2,256 per tonne and US$2,257 per tonne. On the same day, the 3-month bid price and 3-month offer...
Key highlights from the global aluminium industry, September 2023
In September 2023, the aluminium industry witnessed increased demand and supply, leading to marginal price growth on the London Metal Exchange (LME) and the Shanghai Futures Exchange (SHFE). The production in the Chinese aluminium industry has shown positivity in the month, and our forecast remains...
LME falls by 0.91% to US$2286.5/ after four days of consecutive rise; SHFE remains closed for Mid-Autumn Festival
The LME aluminium live price chart, on October 2, experienced falling prices, with the LME aluminium cash bid price and the LME aluminium official price losing US$21 per tonne or 0.91 per cent to officially close at US$2,286 per tonne and US$2,286.50 per tonne. The LME aluminium price nearing the...
LME aluminium benchmark price gains 3.4% to stand above US$2300/t; SHFE is closed for Mid-Autumn Festival
The LME aluminium benchmark price closed the week on Friday, September 29, with a leap of US$75.50 per tonne or 3.4 per cent. As per the data, the LME aluminium cash bid price and LME aluminium official settlement price stood at US$2,307 per tonne and US$2,307.50 per tonne, respectively. The...
Indian aluminium players elevate aluminium ingot prices this week; Vedanta’s price sees a hike of INR10,000/t
Indian aluminium players have increased their aluminium selling price this week in tandem with the LME aluminium growth trend. Vedanta has increased its aluminium ingot and aluminium products prices twice this week, while Hindalco once so far. On Friday, September 29, Vedanta expanded its aluminium...
LME weekly recap: LME aluminium benchmark price closed the week 6% higher; SHFE price grew after initial fluctuations
The LME aluminium benchmark price flaunted a steady growth this week after a drop on the first day. Both LME aluminium cash bid price and LME aluminium official settlement price decreased by 0.77 per cent on Monday, September 25, to stand at US$2,182 per tonne and US$2,182.50 per tonne. On...
Good news for travel enthusiasts! Xiaomi launches a new sturdy MIJIA Aluminium Frame Suitcase
Chinese tech giant Xiaomi has recently surprised its customers by expanding one of its famous accessories line, ‘The MIJIA Suitcase’. Xiaomi has been launching many products back-to-back, including smartphones, smartwatches, earbuds and even smart home gadgets. The latest suitcase is made of...
LME aluminium benchmark price gains US$36/t to US$2,232/t; SHFE closed for Mid-Autumn Festival
LME aluminium opened at US$2,239.5 per tonne on Wednesday, with its high and low at US$2,246.5 per tonne and US$2,220 per tonne, respectively, before closing at US$2,237.5 per tonne, a decrease of US$3.5 per tonne or 0.16 per cent. On Thursday, September 28, the London Metal Exchange (LME) recorded...
India’s requirement for aluminium intensifies amidst global economic crisis and dismay
India is the only country that stands out from the rest of the world regarding aluminium production and consumption amidst a down market projecting a slow recovery in 2023. The government's strong emphasis on new infrastructure, particularly green energy, drives domestic consumption and overall...
Japanese aluminium shipment premium is agreed at $97/t for Q4 2023, down 24% Q-o-Q
According to some sources, a few Japanese aluminium buyers have agreed to pay a premium of $97 per tonne over the global benchmark price for the shipments during the fourth quarter of 2023, to end on December 31. This, compared to the previous quarter’s premium of $127.5 per tonne , stands 24 per...
Imported aluminium scrap prices experience minor fluctuations in India
In the Indian imported aluminium scrap market, minor fluctuations were observed in line with movements in the futures exchanges, which displayed a week-on-week divergence but generally showed an upward trend. Sources within the industry have disclosed that the availability of raw materials in...
LME benchmark aluminium price gains US$1/t on September 27, down 0.27% W-o-W; SHFE aluminium price soars by US$17/t
LME aluminium opened at US$2,239.5 per tonne on Wednesday, with its high and low at US$2,246.5 per tonne and US$2,220 per tonne respectively, before, closing at US$2,237.5 per tonne, a decrease of US$3.5 per tonne or 0.16 per cent. On September 27, the LME aluminium live price chart marked mixed...
China’s A00 aluminium ingot price grows to RMB19,850/t; Low-carbon aluminium price expands by RMB91/t
On Thursday, September 28, China’s A00 aluminium ingot price gained RMB 70 per tonne to score at RMB 19,850 per tonne, with the average prices between RMB 19,830 per tonne and RMB 19,870 per tonne. The spot contract price may be traded at a premium price of RMB 130 to RMB 170 per tonne. The price...
LME aluminium price hikes by US$12.5/t to US$2,195/t; SHFE price grows to US$2,685/t
LME aluminium opened at US$2,249.5 per tonne on Tuesday, with its high and low at US$2,249.5 per tonne and US$2,222 per tonne, respectively, before closing at US$2,241 per tonne, an increase of US$7 per tonne or 0.31 per cent. On Tuesday, September 26, both LME aluminium cash bid price and LME...
China’s alumina spot price rises by RMB4/t; SMM A00 aluminium ingot price registers Q-o-Q escalation of 6.92%
China’s average alumina spot price has increased by RMB 4 per tonne to officiate at RMB 2,951 per tonne. The alumina price in Shanxi has amped up to RMB 2,970 per tonne, with RMB 10 per tonne addition. The alumina price in Guangxi has gained RMB 5 per tonne to park at RMB 2,960 per tonne. The...
China’s A00 aluminium ingot price ascends to RMB19,800/t; Low carbon aluminium price hikes by RMB25/t
On Tuesday, September 26, China's A00 aluminium ingot price ascended by RMB 70 per tonne to score at RMB 19,800 per tonne, with the average prices expected to range between RMB 19,780 per tonne and RMB 19,820 per tonne. The spot contract price may be traded at a premium price of RMB 180 to RMB 200...
