LME aluminium price eases 0.3% on September 10; stocks remain stable at 244,525/t
The London Metal Exchange (LME) aluminium price graph contracted on September 10 across cash and contracts, with longer-dated contracts reporting nearly 1 per cent decline. The aluminium opening stocks, however, remained stable. The LME aluminium cash bid price shifted from USD 3,351.5 per tonne on...
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...
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China’s A00 aluminium ingot price notes RMB30/t spike; Caustic soda price in Guangxi plunges RMB300/t
A00 aluminium ingot price has gained RMB 30 per tonne, officially closing at RMB 18,510 per tonne, as the Shanghai Metals Market recorded on May 4, Thursday. The average prices are expected to range between RMB 18,490 per tonne and RMB 18,530 per tonne, with spot contracts trading at discount...
LME aluminium benchmark price drops by US$23/t to US$2,330/t; SHFE price grows to US$2,682/t
LME aluminium opened at US$2,355 per tonne on Wednesday. With its low and high at US$2,316.5 per tonne and US$2,360 per tonne before closing at US$2,322.5 per tonne, a drop of US$33 per tonne or 1.4 per cent. On Wednesday, May 3, both LME aluminium cash bid price and LME aluminium official...
Indian aluminium producers reduced their products' prices last week in line with the downward LME price
The three major Indian aluminium producers – Hindalco, Vedanta, and NALCO cut their aluminium prices last week in line with the LME aluminium price fall by US$46.50 per tonne over the week from US$2,388.50 per tonne on April 21 to US$2,342 per tonne on April 28. Hindalco reportedly curtailed INR...
Imported aluminium scrap prices in India uptrend following growth in LME and MCX
Following growth in major commodity markets like the London Metal Exchange (LME) and the Multi Commodities Exchange (MCX), the price of imported aluminium scrap in India witnessed significant progress this week. Despite higher prices, buyers are sourcing imported material from overseas markets like...
LME benchmark aluminium price jumps US$11/t at the start of May; SHFE remains closed for Worker’s Day
On May 2, Tuesday, the LME aluminium cash bid price came in at US$2,352.50 per tonne, with a gain of US$12.50 per tonne or 0.53 per cent and the LME aluminium official settlement price settled at US$2,353 per tonne, moving up US$11 per tonne or 0.47 per cent. The 3-month bid price saw US$11 per...
Key highlights from the global aluminium value chain, April 2023
Global non-ferrous metal prices, including aluminium, witnessed a downfall in April 2023. Despite the fall of aluminium inventories in LME warehouses and also China, prices still remained on the downtrend. The resumption of the Chinese economy during the latter part of the year 2022 anticipated...
Non-ferrous metal prices entered the negative territory in Week 17
In the 17 th week of 2023, non-ferrous metals prices on the London Metal Exchange (LME) stayed negative. However, despite modest transactions, the market started to decline. All major non-ferrous metal stocks at LME-registered warehouses decreased by up to 2.9 per cent week over week. But copper...
LME aluminium benchmark price expands by US$40/t to US$2,342/t; SHFE market is closed due to International Worker’s Day
On Friday, April 28, both LME aluminium cash bid price and LME aluminium official settlement price hiked by US$38.5 per tonne or 1.67 per cent and US$40 per tonne or 1.73 per cent to settle at US$2,340 per tonne and US$2,342 per tonne. LME aluminium 3-month bid price and 3-month offer price...
Primary aluminium weekly: INTA vice-chair backs aluminium’s entry in EU’s strategic raw material list; Alcoa increases price to combat reducing shipment
The exclusion of aluminium from the strategic raw material list put down by the European Commission has raised fundamental questions about the long-term future of the primary sector. Anna-Michelle Asimakopoulou, the vice-chair of the European Parliament's International Trade Committee (INTA),...
Negative trends continue in non-ferrous metal prices
The London Metal Exchange (LME) for non-ferrous metal prices kept falling, as recorded on April 25, 2023. The three-month contract for aluminium futures fell 1.9 per cent to $2,335/t. To $2,600/t, zinc prices decreased by 2.6 per cent. Lead prices dropped 1.7 per cent to $2,106/t. The price of...
Alcoa reports consistent revenue earning at $2,670 million for 1Q2023, as higher aluminium price offset reduced shipment
Alcoa Corporation, the world’s eighth largest producer of aluminium, announced the first quarter 2023 results, reporting steady revenue earning at $2,670 million compared to $2,663 million in the previous quarter, attributed to the 8 per cent increase in average-realized third-party alumina price...
LME benchmark aluminium price marks US$37.5/t slump; SHFE aluminium price increases by US$16/t
LME aluminium opened at US$2,332 per tonne on Thursday and closed at US$2,326 per tonne, down 0.21 per cent. Growing concerns around inflation in the West have simultaneously raised brows in the trade sector, with LME maintaining a below US$2,500 per tonne mark and the Chinese inventories on a...
China’s A00 aluminium ingot price closes the week with a decline of RMB90/t; Low carbon aluminium price slips by RMB79/t
On Friday, April 28, China’s A00 aluminium ingot price has slipped by RMB 90 per tonne to stand at RMB 18,480 per tonne, with the spot contract price expected to be traded at a discount price of RMB 30 per tonne and a premium price of RMB 10 per tonne. The average prices are expected to range...
China’s A00 aluminium ingot price shrinks by RMB180/t to close at RMB18570/t; Alumina price again loses RMB1/t
According to the Shanghai Metals Market, China’s A00 aluminium ingot price has slumped by RMB 180 per tonne on Thursday, April 27, to stand at RMB 18,570 per tonne, marking a downtrend for almost a week. Hence, on a week-on-week calculation, the price is down by RMB 570 per tonne or 2.83 per cent...
LME aluminium benchmark price hikes by US$26.5/t to US$2,339.50/t; SHFE price drops to US$2,686/t
LME aluminium opened at US$2,332 per tonne on Wednesday and closed at US$2,331 per tonne, down 0.04 per cent. On Wednesday, April 26, both LME aluminium cash bid price and LME aluminium official settlement price increased by US$27 per tonne or 1.16 per cent and US$26.5 per tonne or 1.14 per cent to...
China’s A00 aluminium ingot price drops to RMB18,750/t; Alumina price inches down by RMB1/t
On Wednesday, April 26, China’s A00 aluminium ingot price has fallen by RMB 80 per tonne to halt at RMB 18,750 per tonne, with the spot contract price expected to be traded at a discount price of RMB 20 to a premium price of RMB 20 per tonne. The average prices are expected to orbit between RMB...
LME aluminium benchmark price trends down 3.67% W-o-W to US$2313/t; SHFE price declines by US$22/t overnight
Three-month LME aluminium opened at US$2,381 per tonne on Tuesday and closed at US$2,331 per tonne, down 2.1 per cent. On Tuesday, April 25, the LME aluminium cash bid price plunged by US$42 per tonne to US$2,312 per tonne, and LME aluminium official settlement price declined by US$41.50 per tonne...
US primary aluminium production plummets by 21% Y-o-Y during Feb’23
According to the US Census Bureau data, domestic primary aluminium production in February 2023 was 59,000 tonnes, reflecting a decline of 5,000 tonnes or 7.81 per cent month-on-month. In January, the US primary aluminium output was 64,000 tonnes, muted from the previous month. On a year-on-year...
