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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Leading aluminium manufacturer proposes premium of $120 per tonne for Japanese buyers in Q4
On August 25, 2023, three sources directly engaged in quarterly pricing discussions revealed that a worldwide aluminium manufacturer has proposed a premium of $120 per tonne to Japanese buyers for primary metal shipments scheduled for October to December, as reported by globally recognized news...
China’s A00 aluminium ingot price grows by RMB20/t to RMB18,830/t; Low carbon aluminium price drops by RMB26/t
The Shanghai Metals Market (SMM) on Friday, August 25, reported that China's A00 aluminium ingot price has gained RMB20 per tonne to score at RMB 18,830 per tonne, with the average prices standing between RMB 18,810 per tonne and RMB 18,850 per tonne. The spot contract price is expected to be...
LME aluminium official price skids by US$9.5/t to US42119.5/t; SHFE aluminium price drops US$3/t
LME aluminium opened at US$2,177 per tonne on Thursday, with its high and low at US$2,182.5 per tonne and US$2,154 per tonne, respectively, before closing at US$2,154.5 per tonne, a decrease of US$20.50 per tonne or 0.94 per cent from the previous trading day. On August 24, the LME aluminium live...
China’s alumina spot price ascends 2.25% M-o-M, down 1.37% Y-o-Y; SMM A00 aluminium ingot price skids US$50/t
China’s alumina spot price has skipped RMB 1 per tonne upwards, officially closing at RMB 2,913 per tonne. The alumina spot price in Shandong has levitated by RMB 10 per tonne, stopping at RMB 2,875 per tonne, while the alumina price in Shanxi has stepped up the graph by RMB 5 per tonne, closing at...
LME aluminium benchmark price grows by US$7.5/t to US$2,129/t; SHFE price loses US$13/t
LME aluminium opened at US$2,179 per tonne on Wednesday with its high and low at US$2,192.5 per tonne and US$2,171.5 per tonne respectively before closing at US$2,175 per tonne, a decrease of US$6 per tonne or 0.28 per cent from the previous trading day. On Wednesday, August 23, both LME aluminium...
China’s A00 aluminium ingot price grows to RMB18,860/t; Low carbon aluminium price marks M-o-M surge of RMB466/t
On August 23, China’s A00 aluminium ingot price gained RMB 170 per tonne to close at RMB 18,860 per tonne, with the average prices expected to range between RMB 18,840 per tonne and RMB 18,880 per tonne. The spot contract price may be traded at a premium price of RMB 130 to RMB 170 per tonne. The...
LME official aluminium price rallies US$53/t upwards; SHFE aluminium price grows 1.7% W-o-W
LME aluminium prices closed at US$2181 per tonne overnight, an increase of US$35.5 per tonne or 1.65 per cent. The London Metal Exchange on August 22 marked escalating aluminium prices, with the LME aluminium cash bid price and the LME aluminium official settlement price uniformly releasing US$53...
LME aluminium inventories reach one-month high citing South Korean stock inflows
According to data from the London Metal Exchange, inventories of aluminium in registered warehouses have increased to their highest level in over a month. This is due to the inflow of 38,725 tonnes into South Korea, presently stored at the Gwangyang port. As a result, the overall LME inventories...
LME aluminium price drops to US$2,068.5/t; SHFE price hikes by US$35/t to US$2,559/t
LME aluminium opened at US$2,147 per tonne on Monday, with its high and low at US$2,150.5 per tonne and US$2,115 per tonne, respectively, before closing at US$2,145.5 per tonne, an increase of US$7 per tonne or 0.33 per cent from the previous trading day. On Monday, August 21, both LME aluminium...
China’s SMM A00 aluminium price surges by RMB90/t to RMB18,690/t; High purity aluminium and alloy prices mark uniform hike of RMB100/t
On August 22, the Shanghai Metals Market showed escalating prices, with the SMM A00 aluminium ingot price closing at RMB 18,690 per tonne, with an influx of RMB 90 per tonne. The average aluminium ingot prices have ranged between RMB 18,670 per tonne and RMB 18,710 per tonne. The eight central...
China’s A00 aluminium ingot price escalates over the weekend to reach RMB18600/t, recording 1.2% W-o-W rise
According to the Shanghai Metals Market, China's A00 aluminium ingot price has initiated the week on Monday, August 21, with an increase of RMB 80 per tonne to reach RMB 18,600 per tonne. The average prices are estimated to range between RMB 18,580 per tonne and RMB 18,620 per tonne, with a spot...
LME official aluminium price loses 7.62% Q-o-Q with price fluctuations in August; SHFE aluminium price sheds US$4/t
LME aluminium opened at US$2,144 per tonne last Friday, with its high and low at US$2,159 per tonne and US$2,135 per tonne, respectively, before closing at US$2,138 per tonne, a decrease of US$4.5 per tonne or 0.21 per cent from the previous trading day. On August 18, the London Metal Exchange...
Primary aluminium recap: Century Aluminium Company reports second quarter 2023 results
This week the global primary aluminium segment saw releases of the quarterly results of Century Aluminium and NALCO. As per the data, the National Aluminium Company Limited (NALCO), a Schedule 'A' Navratna CPSE, revealed that its quarterly earnings for Q1 FY2023-24 fell 40 per cent due to low...
SMM aluminium ingot price follows a downward curve today losing RMB120/t; China’s alumina spot price collects RMB2/t
The Shanghai Metals Market, on August 18, logged an RMB 120 per tonne crunch, with the SMM A00 aluminium ingot price closing at RMB 18,520 per tonne. The average aluminium ingot prices have ranged between RMB 18,500 per tonne and RMB 18,540 per tonne. China’s eight major provinces have all recorded...
LME aluminium benchmark price gains US$42/t to US$2,131/t; SHFE price inches down to US$2,528/t
LME aluminium opened at US$2,132 per tonne on Thursday, with its high and low at US$2,186 per tonne and US$2,132 per tonne, respectively, before closing at US$2,146 per tonne, an increase of US$3 per tonne or 0.14 per cent from the previous trading day. On Thursday, August 17, both LME aluminium...
Aluminium alloy ingot price in India shows orbital movement W-o-W
The Indian domestic aluminium alloy ingot market remained stable, thanks to several factors such as range-bound scrap, correction in futures contracts by US$50 to US$70 per tonne, and price cuts by primary producers by up to INR 3,750 per tonne ex-works. SteelMint's assessment showed that prices of...
LME aluminium live price chart measures US$106/t M-o-M drop in aluminium ingot prices; SHFE aluminium earns US$6/t
LME aluminium opened at US$2,142 per tonne on Wednesday, with its high and low at US$2,151.5 per tonne and US$2,130 per tonne, respectively, before closing at US$2,145.5 per tonne, an increase of US$3 per tonne or 0.19 per cent from the previous trading day. The London Metal Exchange , on August...
SMM aluminium ingot price in China gains RMB50/t to RMB18,640/t; Low carbon aluminium price hikes to RMB19,298/t
On Thursday, August 17, China’s A00 aluminium ingot price has gained RMB 50 per tonne to halt at RMB 18,640 per tonne, with the average prices ranging between RMB 18,620 per tonne and RMB 18,660 per tonne. The spot contract price is expected to be traded at a premium price of RMB 130 to RMB 170 per...
