Aluminium tariffs, not Trump’s alcohol ban, are the bigger threat to BC brewers
The escalating US-Canada trade conflict is putting pressure on the US alcohol industry from two directions. The BC wine and beer industry is facing fresh uncertainty as the US President Donald Trump proposed to block most Canadian alcoholic beverage imports from September 29, 2026. While British...
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...
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A00 aluminium ingot price in China grows to RMB18,380/t; Alumina price inches up by RMB1/t
On Monday, July 31, the A00 aluminium ingot price in China gained RMB 30 per tonne, settling at RMB 18,380 per tonne. The spot contract price is expected to be traded at a discount price of RMB 20 per tonne to a premium price of RMB 20 per tonne, with average prices between RMB 18,360 per tonne and...
LME aluminium price closes the week with a fall of US$14.5/t; SHFE price slips to US$2,214/t
LME aluminium opened at US$2,204.5 per tonne on Friday, with its high and low at US$2,229 per tonne and $2,195 per tonne, respectively, before closing at US$2,227 per tonne, an increase of US$18 per tonne, or 0.81 per cent, from Thursday. On Friday, July 28, both LME aluminium cash bid price and...
Alumina spot price in China grows by RMB7/t; SMM aluminium price dwindles by RMB140/t
On Friday, July 28, the average alumina spot price in China has grown by RMB 7 per tonne to close at RMB 2,871 per tonne. The price in Guangxi has gained RMB 10 per tonne to settle at RMB 2,865 per tonne, followed by a hike of RMB 5 per tonne in Shanxi and Guizhou to clock at RMB 2,880 per tonne...
LME aluminium price moves up by US$5.5/t to US$2,176/t; SHFE price contracts by US$15/t
LME aluminium opened at US$2,215 per tonne on Thursday, with its high and low at US$2,244.5 per tonne and US$2,196.5 per tonne, respectively, before closing at US$2,209 per tonne, an increase of US$1 per tonne, or 0.05 per cent. On Thursday, July 27, both the LME aluminium cash bid price and LME...
India’s imported aluminium scrap market witnessed positive pricing trends owing to improved trade activities
Aluminium, also referred to as the “wonder metal”, is going through some significant events in India’s scrap market. The market trend seems to be bullish for the time being as it has been observed that the price of India’s imported scrap aluminium of all segments is increasing. The price was...
A00 aluminium ingot price in China gains RMB140/t; Alumina spot price ascends by RMB5/t
According to the SMM data, on Thursday, July 27, China's A00 aluminium ingot price surged by US$140 per tonne to close at 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, and the average prices are expected to stand between RMB...
LME aluminium price drops by US$13.5/t to US$2,170.5/t; SHFE price grows to US$2,582/t
LME aluminium opened at US$2,238 per tonne on Wednesday, with its high and low at US$2,240 per tonne and US$2,206 per tonne, respectively, before closing at US$2,208 per tonne, a decrease of US$28.5 per tonne or 1.27 per cent. On Wednesday, July 26, both LME aluminium cash bid price and LME...
LME aluminium price expands by 1.35% to settle at US$2184/t; SHFE aluminium price gains US$4/t
Three-month LME aluminium opened at US$2,205.50 per tonne on Tuesday, with its high and low at US$2,246.50 per tonne and US$2,204 per tonne, respectively, before closing at US$ 2236.50 per tonne, an increase of US$29 per tonne or 1.31 per cent. On Tuesday, July 25, LME aluminium cash bid price and...
A00 aluminium ingot price in China grows to RMB18,350/t; Alumina price expands by RMB7/t
On Monday, July 26, China's A00 aluminium ingot price extended its growth for the fifth consecutive day. As per SMM, the price has gained RMB 10 per tonne to close at RMB 18,350 per tonne, with the spot contract price expected to be traded at a premium price of RMB 0 to RMB 40 per tonne. The...
China’s alumina spot price towers over a week by RMB11/t, settling at RMB2852/t
The average alumina spot price in China has climbed up for the seventh consecutive day to reach RMB 2,852 per tonne on Tuesday, July 25, found the Shanghai Metals Market. The price has increased by RMB 3 per tonne to tower RMB 11 per tonne over a week. However, today's growth has only touched upon...
LME aluminium benchmark price inches up by US$1.5/t to US$2,155/t; SHFE price gains US$16/t
LME aluminium opened at US$2,207.5 per tonne on Monday, with its low and high at US$2,185 per tonne and US$2,213.5 per tonne, respectively, before closing at US$2,207.5 per tonne, down US$3 per tonne or 0.14 per cent. As of Monday, July 24, both LME aluminium cash bid price and LME aluminium...
Hydro thinks Russian aluminium stocks in LME weighing on benchmark prices; urges exchange to look into it
Norsk Hydro wrote a letter to the London Metal Exchange last week urging to rethink the decision not to ban Russian aluminium from its warehouse network. Norsk Hydro believes that a large volume of aluminium arriving from Russia is weighing on the benchmark metal price on LME. "As LME aluminium...
LME aluminium price ended the week with a decline of US$18.5/t; SHFE price stretched its fall over the weekend
LME aluminium opened at US$$2,255 per tonne last Friday, with its high and low at US$2,262 per tonne and US$2,201 per tonne, respectively, before closing at US$2,205.50 per tonne, a drop of US$51.50 per tonne or 2.28 per cent. On Friday, July 21, LME aluminium cash bid price and LME aluminium...
SMM aluminium ingot price marks Y-o-Y expansion of RMB480/t; Alumina price in Shanxi gains RMB10/t
The Shanghai Metal Market (SMM), today, on July 24, has recorded a growth of RMB 10 per tonne to settle at RMB 18,320 per tonne. On a Y-o-Y calculation, the price expanded by RMB 480 per tonne from RMB 17,840 per tonne recorded on July 25 2022. The average price as of today is expected to range...
Yunnan demand drives China's alumina prices to one-month high
On July 20, 2023, analysts and traders said that Chinese alumina prices escalated to their highest on constraint provision in more than a month amid augmented demand from aluminium smelters in the southwestern Yunnan province. On July 20, the Shanghai Futures Exchange witnessed a remarkable surge...
Hindalco & Vedanta’s aluminium ingot prices close this week 1 per cent lower, partly offset by today’s raise
Hindalco and Vedanta’s aluminium prices stood lower by the end of the week after several cuts from July 18 to 20, 2023. On Tuesday, July 18, Hindalco axed its aluminium ingot price by INR 3,750 per tonne to INR 212,250 per tonne. The company’s aluminium wire rod and billet prices also saw a similar...
Alumina price in China grows for the fifth day to RMB2847/t; A00 aluminium ingot price stands 1.08% down W-o-W
The average alumina spot price in China has continued to grow for the fifth day in a row by RMB 2 per tonne to close the week on Friday, July 21, at RMB 2,847 per tonne, found the Shanghai Metals Market survey. On a week-on-week basis, the price stood at 0.57 per cent or RMB 16 per tonne higher...
LME aluminium benchmark price expands by US$30/t; SHFE price dips to US$2,546/t
On Thursday, July 20, both LME aluminium cash bid price and LME aluminium official settlement price hiked by US$29.5 per tonne or 1.37 per cent and US$30 per tonne or 1.40 per cent to settle at US$2,171 per tonne and US$2,172 per tonne. 3-month bid price and 3-month offer price also expanded by...
