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...
Grow with
AL Circle
China's A00 aluminium ingot price declines for the third day by RMB70/t despite continued inventory fall
According to the Shanghai Metals Market data, A00 aluminium ingot price has fallen for the third day despite sluggish primary aluminium inventories across China. Then what could be the reason behind the price fall? Well, weaker metal consumption by downstream producers could be a factor for the...
LME aluminium benchmark price drops by US$34/t to US$2,354.50/t; SHFE price loses US$9/t
LME aluminium fell after opening at US$2,399 per tonne on Monday but rebounded towards the end of the day and closed at US$2,385 per tonne, a drop of 0.73 per cent. On Monday, April 24, both LME aluminium cash bid price and LME aluminium official settlement price dropped by US$34 per tonne or 1.42...
LME aluminium benchmark price shrinks to US$2388.5/t; SHFE price descends by US$13/t
On Friday, April 21, three-month LME aluminium opened at US$2,422 per tonne last Friday and closed at US$2,402 per tonne, a drop of 0.85 per cent. On the same day, the LME aluminium cash bid price and LME aluminium official settlement price shrank by US$21.50 per tonne or 0.89 per cent. That marked...
China’s A00 aluminium ingot price slumps by RMB130/t to RMB18,900/t; Low carbon aluminium price drops to RMB19,575/t
On Monday, April 24, China’s A00 aluminium ingot price has dropped by RMB 130 per tonne to score at RMB 18,900 per tonne, with the spot contract price expected to be traded at a discount price of RMB 10 to a premium price of RMB 30 per tonne. The average prices are expected to range between RMB...
Japan: Aluminium premiums rose by 53% for April-June 2023 to settle at $130
Major trading companies, domestic consumers, and overseas producers of aluminium ingots have agreed on a price of $130, up 53 per cent ($45) from the previous quarter, for aluminium premiums to Japan for the April–June 2023 period. The premium has reached triple digits for the first time in three...
NALCO heightens its aluminium ingot price this week by INR10100/t; Hindalco and Vedanta’s prices also follow the uptrend
This week, during April 17-21, all three Indian aluminium giants – NALCO, Hindalco, and Vedanta have elevated their aluminium ingot and aluminium products prices. Starting with NALCO, the company hiked its aluminium prices by INR 10,100 per tonne since April 7. In two-week time, its aluminium ingot...
Alumina spot price in China closes the week lower at RMB2898/t; A00 aluminium ingot price shrinks by RMB90/t
According to the Shanghai Metals Market, the average alumina spot price in China has closed the week ending April 21, 2023, with a drop of RMB 5 per tonne after remaining restrained for three consecutive days. The price has concluded at RMB 2,898 per tonne versus RMB 2,903 per tonne the previous...
Trade activity boosts India's ADC12 aluminium alloy ingot (secondary) prices
On April 19, 2023, aluminium alloy ingot ADC12 domestic prices increased by INR 2,000 per tonne to INR 199,000 per tonne. The increased tendency was attributed to the moderate OEM (original equipment manufacturer) transactions. The medium-scale alloy ingot producers (secondary aluminium) saw...
LME aluminium price gains US$28/t to close at US$2,410/t; SHFE price drops to US$2,751/t
LME aluminium opened at US$2,445 per tonne on Thursday and closed at US$2,422 per tonne, down US$23 per tonne or 1.12 per cent. On Thursday, April 20, both LME aluminium cash bid price and LME aluminium official settlement price hiked by US$28 per tonne or 1.17 per cent to settle at US$2,409.50 per...
Alcoa predicts lower production costs in 2Q2023 given a drop in raw materials prices
Alcoa Corporation, the world’s eighth-largest producer of aluminium, said lower prices of ingredients they use for metal-making would eventually reduce the production costs in the second quarter of 2023, while aluminium demand would stay robust. Favourable raw materials, substantial output volume,...
Downward trends observed in non-ferrous metal prices
On 14 April 2023, nonferrous metals prices on the London Metal Exchange (LME) displayed a downward trend. The three-month aluminium futures contract fell 0.8 per cent to $2,367 per tonne, while zinc prices fell 0.7 per cent to $2,837 per tonne. Lead prices fell by 1.1 per cent to $2,146 per tonne....
LME aluminium price records a fall of US$19/t after four consecutive hikes; SHFE continues to grow
Three-month LME aluminium opened at US$2,436 per tonne on Wednesday and closed at US$2,450 per tonne, up US$10.5 per tonne or 0.43 per cent. On Wednesday, April 19, the LME aluminium cash bid price decreased by US$18.50 per tonne to stand at US$2,381.50 per tonne, while the LME aluminium official...
China’s A00 aluminium ingot price grows by RMB80/t to RMB 19,110/t; Low carbon aluminium price hikes to RMB 19,782/t
On Thursday, April 20, China’s A00 aluminium ingot price spiked up by RMB 80 per tonne to halt at RMB 19,110 per tonne, with the spot contract price expected to be traded at a premium price of RMB 10 to RMB 50 per tonne. The average price is expected to range between RMB 19,090 per tonne and RMB...
China’s A00 aluminium ingot price leaps RMB170/t to touch RMB19000/t level after over 2 months
According to the Shanghai Metals Market (SMM), China's domestic A00 aluminium ingot price has skyrocketed by RMB 170 per tonne to exceed RMB 19,000 per tonne after over two months. From RMB 18,860 per tonne on April 18 , the price leapt to RMB 19,030 per tonne on April 19, close to the price on...
LME aluminium price expands by US$36.5/t to US$2,401/t; SHFE price grows to US$2,764/t
LME aluminium opened at US$2,377 per tonne on Tuesday and closed at US$2,439.5 per tonne, up US$26.5 per tonne or 2.82 per cent. On Tuesday, April 18, both LME aluminium cash bid price and LME aluminium official settlement price hiked by US$36.5 per tonne or 1.54 per cent to settle at US$2,400 per...
China’s A00 aluminium ingot price registers a W-o-W surge of RMB480/t; Aluminium powder price inches up to RMB20.8/kg
On Tuesday, April 18, China's A00 aluminium ingot price surged by RMB 120 per tonne to stand at RMB 18,860 per tonne. On a W-o-W calculation, the A00 aluminium ingot price has shot up by RMB 480 per tonne from RMB 18,380 per tonne recorded on April 11. The spot contract price for today has been...
LME aluminium benchmark price edges US$8.5/t higher at US$2,364.5/t; SHFE gains US$14/t
Three-month LME aluminium opened at US$2,386 per tonne on Monday and closed at US$2,372.50 per tonne, down US$17.5 per tonne or 0.73 per cent. On Monday, April 17, both LME aluminium cash bid price and LME aluminium official settlement price expanded at the same rate to reach US$2,363.50 per tonne...
China’s alumina spot price declines for the fourth day by RMB14/t; A00 aluminium ingot price grows by RMB30/t
The average alumina spot price in China has plummeted by RMB 14 per tonne over the weekend to reach RMB 2,903 per tonne as of Monday, April 17, found the Shanghai Metals Market. In Shanxi, the alumina price has slumped by RMB15 per tonne to stand at RMB 2,925 per tonne. On the other hand, in...
