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 price drops to US$2,085.5/t; SHFE price slips by US$2/t to US$2,535/t
LME aluminium opened at US$2,147 per tonne on Tuesday, with its high and low at US$2,171.5 per tonne and US$2,136.5 per tonne, respectively, before closing at US$2,141.5 per tonne, a decrease of US$4.5 per tonne or 0.21 per cent from the previous trading day. On Tuesday, August 15, both LME...
SMM A00 aluminium ingot price augments 1.92% Q-o-Q, up RMB120/t today; China’s alumina price adds RMB4/t
On August 16, the Shanghai Metals Market noticed a considerable price hike of RMB 120 per tonne, with the SMM A00 aluminium ingot price closing at RMB 18,590 per tonne. The average aluminium ingot prices have ranged between RMB 18,570 per tonne and RMB 18,610 per tonne. SMM A00 aluminium ingot...
LME aluminium live price chart shows US$31/t drop on August 14; SHFE aluminium price negates US$5/t
LME aluminium opened at US$2,180 per tonne on Monday with its high and low at US$2,180 per tonne and US$2,143.5 per tonne respectively before closing at US$2146.5 per tonne, a decrease of US$29 per tonne or 1.33 per cent from the previous trading day. On August 14, the London Metal Exchange...
China’s A00 aluminium ingot price registers Y-o-Y hike of RMB470/t; Low-carbon aluminium price surge by RMB114/t
On Tuesday, August 15, the A00 aluminium ingot price in China gained RMB 90 per tonne to settle at RMB 18,470 per tonne, with the average prices between RMB 18,450 per tonne and RMB 18,490 per tonne. The spot contract price is expected to be traded at a premium price of RMB 0 to RMB 40 per tonne....
India’s Navratna firm NALCO posts a 40% fall in profit for Q1 FY2024, holding limped LME prices responsible
National Aluminium Company Limited (NALCO), a Schedule ‘A’ Navratna CPSE, reported last week that its quarterly profit for Q1 FY2023-24 recorded a 40 per cent fall, attributed to sluggish global aluminium prices and mediocre demand. NALCO said that it earned a consolidated profit of INR 3.34...
SMM A00 aluminium ingot price skids RMB170/t today, up RMB150/t Y-o-Y; China’s alumina price marks RMB2/t hike
The Shanghai Metals Market on August 14 recorded a profound plunge of RMB 170 per tonne to rest at RMB 18,380 per tonne, with average aluminium ingot prices hovering between RMB 18,360 per tonne and RMB 18,400 per tonne. The SMM A00 aluminium ingot price historical data indicates there has been a...
LME aluminium price slumps to US$2,127/t; SHFE price dwindles by US$41/t
LME aluminium opened at US$2,197 per tonne last Friday, with its high and low at US$2,206 per tonne and US$2,166 per tonne, respectively, before closing at US$2,178.5 per tonne, a decrease of US$25.5 per tonne or 1.16 per cent from the previous trading day. On Friday, August 11, the London Metal...
Primary aluminium weekly: Alro posts declining H1 2023 results while Glencore feels optimistic of China’s role in the upcoming days
The primary aluminium sector was quite busy last week, with unstable production all around the globe. Aluminium producer Alro's H1 2023 revenue fell to 1.55 billion RON due to lower prices and the ALUM refinery's temporary closure. The company also recorded a net loss of 164 million RON, compared...
LME aluminium price live chart points at M-o-M influx of 3.12%, up US$8.5/t on August 10; SHFE aluminium price loses US$1/t today
LME aluminium opened at US$2,197 per tonne on Thursday, with its high and low at US$2,220.5 per tonne and US$2,195.5 per tonne, respectively, before closing at US$2,203.5 per tonne, an increase of US$6.5 per tonne or 0.3 per cent from the previous trading day. London Metal Exchange on August 10...
China’s A00 aluminium ingot price hikes to RMB18,550/t; Alumina spot price grows by RMB5/t
On Friday, August 11, the A00 aluminium ingot price in China has grown by RMB 10 per tonne to close at RMB 18,550 per tonne, with the spot contract prices expected to be traded at a discount price of RMB 40 to a premium price of RMB 0 per tonne. As per the data, the average prices are expected to...
Russian aluminium stocks on LME record an 81% growth in July 2023
According to a report on Thursday, August 10, Russian aluminium stocks have posted an 81 per cent growth on the London Metal Exchange-approved warehouses for July 2023 compared to an 80 per cent increase in June. At the end of July 2023, Norsk Hydro wrote a letter to the London Metal Exchange to...
China’s average alumina spot price and Shanxi’s bauxite price soars by RMB5/t; Aluminium ingot price earns RMB70/t today
The Shanghai Metal Market, today, on August 10, has noted an RMB 5 per tonne spike in China’s average alumina spot price, with it officially halting at RMB 2,901 per tonne, while in Shandong and Shanxi, the alumina spot prices have seen an increase of RMB 5 per tonne, closing at RMB 2,860 per tonne...
LME aluminium price ascends by US$10/t to US$2,153/t; SHFE price grows to US$2,574/t
LME aluminium opened at US$2,204 per tonne on Wednesday, with its high and low at US$2,222 per tonne and US$2,193.5 per tonne, respectively, before closing at US$2,197.5 per tonne, a decrease of US$6.5 per tonne or 0.3 per cent from the previous trading day. On Wednesday, August 9, both LME...
India’s imported aluminium scrap witnesses W-on-W price dip, reflecting cautious metal futures
The Indian imported aluminium scrap market encountered significant challenges this week, with scrap prices experiencing a sharp decline of up to 5.8 per cent week-on-week. This reduction was primarily attributed to a scarcity of favourable offers aligning with lower futures, resulting in decreased...
China’s A00 aluminium ingot price drops by RMB10/t; Australian alumina FOB price inches up by US$1/t
On Wednesday, August 9, SMM aluminium reported that China’s A00 aluminium ingot price has dipped by RMB 10 per tonne to close at RMB 18,470 per tonne, with the spot contract prices expected to be traded at a discount price of RMB 30 per tonne to a premium price of RMB 10 per tonne. The average...
LME official aluminium price sheds US$35/t with Q-o-Q fall of 7.67%; SHFE aluminium price remains stagnant
LME aluminium opened at US$2,230 per tonne on Tuesday, with its high and low at US$2,233 per tonne and US$2,198 per tonne respectively before closing at US$2,198 per tonne, a decrease of US$32 per tonne or 1.4 per cent from the previous trading day. The London Metal Exchange , on August 8,...
China's aluminium prices attain stability due to a spike in Yunnan’s production rate
Aluminium prices experienced a slight decline of 0.05 per cent yesterday, settling at US$202.15 per tonne due to heightened supply in Yunnan. This development may lead to a gradual emergence of supply pressure. The northern region faced floods and other factors during the week, resulting in fewer...
SMM aluminium ingot price drops RMB10/t reaching July-end’s market value; China’s CIF Index of Import Bauxite gains RMB2.14/t
According to the SMM aluminium live price chart today, China’s aluminium ingot price has shed RMB 10 per tonne to rest at RMB 18,480 per tonne, with the average prices ranging between RMB 18,460 per tonne and RMB 18,500 per tonne. If we consider July 27, the aluminium ingot price was RMB 18,490 per...
