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 opens the week with a fall of US$34.5/t; SHFE price drops to US$2,642/t
LME aluminium opened at US$2,238 per tonne on Monday, with its high and low at US$2,242 per tonne and US$2,195 per tonne, respectively, before closing at US$2,200.5 per tonne. On Monday, September 4, the London Metal Exchange (LME) opened the week with a fall of US$34.5 per tonne or 1.58 and 1.57...
LME aluminium benchmark price rallies up for four days to US$2184/t; SHFE aluminium price eliminates US$2/t
LME aluminium opened at US$2,206 per tonne on Friday, with its high and low at US$2,260 per tonne and US$2,206 per tonne, respectively, before closing at US$2,237 per tonne. The LME aluminium live price chart on September 1 witnessed growing aluminium prices, with the LME aluminium cash bid price...
China’s A00 aluminium ingot price dwindles by RMB120/t M-o-M; Alumina price gains RMB2/t
The Shanghai Metals Market (SMM) on Monday, September 4, opened the week with a contraction of RMB 200 per tonne to settle at RMB 19,410 per tonne. The spot contract price is expected to be traded at a premium price of RMB 0 to RMB 40 per tonne. The average prices may orbit between RMB 19,390 per...
Aluminium ingot price in Japan to remain stable for Oct-Dec'23
According to Japan Metal Daily, the loading price (base price) of aluminium ingots equipped with large strings, which serves as a crucial indicator for determining the prices of Japanese rolled aluminium products available in retail outlets, has been firmly set at JPY 390 per kilogram (equivalent...
Hindalco & Vedanta upgrade their aluminium prices by 2% this week in line with LME price rally
Indian aluminium giants like Hindalco, Vedanta, and NALCO have increased their aluminium prices twice this week in line with the LME aluminium price rally by US$64.50 per tonne from August 29-September 1. Hindalco Industries Limited upgraded its aluminium prices on August 31 by INR 2,500 per tonne...
EGA expects aluminium prices to resonate with the growing demand; sees positive future
Emirates Global Aluminium expects aluminium prices to grow in line with the demand gains. It also projects its 2023 sales volume to remain steady even though the metal prices are on a downward trend. CEO Abdulnasser Bin Kalban said in an interview on Thursday, August 31, that EGA’s sales volume...
SMM A00 aluminium ingot price levitates by RMB450/t, with incredible Y-o-Y growth; Average alumina spot price in Shandong gains RMB10/t
On September 1, today, the Shanghai Metals Market has witnessed enormous growth in aluminium prices all over China, with the SMM A00 aluminium ingot price augmenting by RMB 450 per tonne to officially close at RMB 19,610 per tonne. The average prices have ranged between RMB 19,590 per tonne and RMB...
LME aluminium price gains US$25/t to US$2,165.5/t; SHFE price expands by US$41/t
LME aluminium opened at US$2,201.5 per tonne on Wednesday, with its high and low at US$2,229 per tonne and US$2,199.5 per tonne, respectively, before closing at US$2,201 per tonne, a slight decrease of US$0.5 per tonne or 0.02 per cent from the previous trading day. On Thursday, August 31, both LME...
EGA marks competitive performance in H1 2023 amidst moderate market conditions
Emirates Global Aluminium (EGA), the world's largest producer of premium aluminium and the biggest industrial company in the United Arab Emirates reports competitive financial performance for the aluminium sector in H1 2023. Despite market conditions moderating, EGA's adjusted EBITDA was AED 4.2...
HLIB Research believes understated aluminium prices will pose further challenges to Press Metal
Press Metal Aluminium Holdings Bhd recently missed its expected earnings, which may continue in the quarters ahead. According to Hong Leong Investment Bank (HLIB) Research, South-East Asia’s largest aluminium producer is likely to experience a gloomy future due to subdued aluminium prices in the...
LME aluminium live price chart catalogues US$24/t spike on August 30; SHFE aluminium price soars by US$41/t
LME aluminium opened at US$2,172.50 per tonne on Wednesday, with its high and low at US$2,207 per tonne and US$2,164.5 per tonne, respectively, before closing at US$2,201.50 per tonne, an increase of US$33 per tonne or 1.52 per cent from the previous trading day. The LME aluminium live price chart...
SMM aluminium ingot price gains RMB120/t to RMB19,160/t; Alumina price ascends to RMB2,915/t
The Shanghai Metals Market (SMM) on Friday, August 31, reported that China’s A00 aluminium ingot price has expanded by RMB 120 per tonne to close at RMB 19,160 per tonne, with the average prices standing between RMB 19,140 per tonne and RMB 19,180 per tonne. The spot contract price is expected to...
China’s SMM A00 aluminium ingot price displays 3.76% Q-o-Q hike; High purity aluminium price gains RMB100/t
Today, on August 30, the Shanghai Metals Market has recorded heightening prices, with the SMM A00 aluminium ingot price increasing by RMB 130 per tonne to officially close at RMB 19,040 per tonne. The average prices have ranged between RMB 19,020 per tonne and RMB 19,060 per tonne. If we consider...
LME aluminium price drops to US$2,116.5/t; SHFE price expands by US$21/t
LME aluminium opened at US$2,152 per tonne on Tuesday, with its high and low at US$2,179.5 per tonne and US$2,152 per tonne, respectively, before closing at US$2,169 per tonne, an increase of US$18.5 per tonne or 0.86 per cent from the previous trading day. On Tuesday, August 29, both LME aluminium...
Beijing's offshore swaps with state banks to boost yuan but fails to strengthen aluminium prices
On August 28, aluminium prices subsided by 0.18 per cent to RMB 198.10, though Beijing attempted to strengthen the currency by swapping state-owned banks in offshore markets. This move aimed to extract yuan and increase the cost of shorting the currency. The People's Bank of China (PBOC) reduced...
China’s A00 aluminium ingot price soars by RMB560/t M-o-M; Low carbon aluminium price gains RMB25/t
The Shanghai Metals Market (SMM) on Tuesday, August 29, recorded a growth of RMB 10 per tonne in A00 aluminium ingot price. The price as of today closed at RMB 18,910 per tonne, with the spot contract prices expected to be traded at a premium price of RMB 160 per tonne and RMB 200 per tonne. The...
China’s average alumina price sheds RMB1/t; SMM A00 aluminium ingot price logs RMB70/t increase
The average alumina spot price has dropped RMB 1 per tonne, stopping at RMB 2,912 per tonne, while the alumina price in Shanxi has lost RMB 5 per tonne to clock at RMB 2,925 per tonne. The alumina price in Guangxi has gained RMB 10 per tonne, closing at RMB 2,915 per tonne, and the alumina price in...
LME aluminium price moves up by US$4.5/t to US$2,124/t; SHFE price grows to US$2,570/t
LME aluminium opened at US$2,155 per tonne on Friday, with its high and low at US$2,178.5 per tonne and US$2,147 per tonne, respectively, before closing at US$2,151 per tonne, a decrease of US$6.50 per tonne or 0.30 per cent from the previous trading day. On August Friday 25, both LME aluminium...
