NewsPricePage 128

Grow with
AL Circle

KNOW MORE
LME aluminium benchmark price dips by US$5.5/t to US$2,300.50/t; SHFE price grows by US$12/t
07 APR 20232MINS

LME aluminium benchmark price dips by US$5.5/t to US$2,300.50/t; SHFE price grows by US$12/t

LME aluminium opened at US$2,342 per tonne on Thursday, with its high and low at US$2,367 per tonne and US$2,327 per tonne, respectively, before closing at US$2,340 per tonne, a drop of US$0.5 per tonne or 0.02 per cent. On Thursday, April 6, both LME aluminium cash bid price and LME aluminium...

China’s A00 aluminium price marks RMB60/t rise to RMB18,670/t; High-purity aluminium (99.99%) price grows by RMB100/t
07 APR 20232MINS

China’s A00 aluminium price marks RMB60/t rise to RMB18,670/t; High-purity aluminium (99.99%) price grows by RMB100/t

A00 aluminium ingot price has grown by RMB 60 per tonne, officially closing at RMB 18,670 per tonne, as the Shanghai Metals Market recorded on April 7, Friday. The average prices are expected to range between RMB 18,650 per tonne and RMB 18,690 per tonne, with spot contracts trading at discount...

LME benchmark aluminium price sheds US$35.5/t; SHFE aluminium price halts at US$2,700/t mark losing US$5/t
06 APR 20232MINS

LME benchmark aluminium price sheds US$35.5/t; SHFE aluminium price halts at US$2,700/t mark losing US$5/t

LME aluminium moved all the way down to a low of US$2,325 per tonne after opening at US$2,372 per tonne on Wednesday, and closed the day at US$2,340.5 per tonne, a drop of US$34.5 per tonne or 1.45 per cent. On April 5, Wednesday, the LME aluminium cash bid price slumped by US$35 per tonne or 1.49...

A00 aluminium ingot price in China grows to RMB18,610/t; Alumina price inches down by RMB1/t
06 APR 20232MINS

A00 aluminium ingot price in China grows to RMB18,610/t; Alumina price inches down by RMB1/t

On Thursday, April 6, China’s A00 aluminium ingot price has grown by RMB 20 per tonne to halt at RMB 18,610 per tonne. The spot contract price is expected to be traded at a discount price of RMB 50 to RMB 10 per tonne. The average prices are expected to range between RMB 18,590 per tonne and RMB...

LME aluminium benchmark price falls by US$39/t to US$2,341.50/t; SHFE market is closed for Qingming Festival
05 APR 20232MINS

LME aluminium benchmark price falls by US$39/t to US$2,341.50/t; SHFE market is closed for Qingming Festival

On Tuesday, April 4, both LME aluminium cash bid price and LME aluminium official settlement price contracted by US$39.5 per tonne or 1.65 per cent and US$39 per tonne or 1.63 per cent to settle at US$2,340.50 per tonne and US$2,341.50 per tonne. 3-month bid price and 3-month offer price dropped by...

Alumina spot price in China descends by RMB12/t to RMB2,921/t; A00 aluminium ingot price drops by RMB20/t
04 APR 20232MINS

Alumina spot price in China descends by RMB12/t to RMB2,921/t; A00 aluminium ingot price drops by RMB20/t

On Tuesday, April 4, the average alumina spot price slumped by RMB 12 per tonne to halt at RMB 2,921 per tonne. The prices in Henan and Shanxi have dropped by RMB 20 per tonne and RMB 15 per tonne to come in at RMB 2,960 per tonne and RMB 2,955 per tonne. In other provinces like Shandong and...

LME benchmark aluminium price mounts by US$44/t to US$2380.50/t; SHFE stoops US$7/t down
04 APR 20232MINS

LME benchmark aluminium price mounts by US$44/t to US$2380.50/t; SHFE stoops US$7/t down

LME aluminium opened at US$2,415 per tonne on Monday, with its high and low at US$2,434 per tonne and US$2,385 per tonne respectively before closing at US$2,389 per tonne, a drop of US$28 per tonne or 1.16 per cent. On April 3, Monday, the LME aluminium cash bid price and the LME aluminium official...

LME aluminium benchmark price falls by US$7.5/t to US$2,336.50/t; SHFE price declines to US$2,712/t
03 APR 20232MINS

LME aluminium benchmark price falls by US$7.5/t to US$2,336.50/t; SHFE price declines to US$2,712/t

LME aluminium opened at US$2,389 per tonne last Friday, with its high and low at US$2,420 per tonne and US$2,368.5 per tonne, respectively, before closing at US$2,417 per tonne, an increase of US$25 per tonne or 1.05 per cent. On Friday, March 31, both LME aluminium cash bid price and LME aluminium...

A00 aluminium ingot price shrinks over the weekend to RMB18610/t; Prebaked anode price slumps by RMB520/t
03 APR 20233MINS

A00 aluminium ingot price shrinks over the weekend to RMB18610/t; Prebaked anode price slumps by RMB520/t

According to the Shanghai Metals Market survey, A00 aluminium ingot price has slipped by RMB 60 per tonne over the weekend ended April 3, 2023. Following the increase of RMB 90 per tonne to RMB 18,670 per tonne on March 31, the price has trended down to RMB 18,610 per tonne on April 3. The average...

Primary aluminium weekly recap: China’s Yunnan province might restrict aluminium production due to energy crisis; Government of India to sell remaining BALCO stakes
01 APR 20236MINS

Primary aluminium weekly recap: China’s Yunnan province might restrict aluminium production due to energy crisis; Government of India to sell remaining BALCO stakes

At this moment, the primary sector is the most vulnerable area in the aluminium value chain, with the global energy crisis at its peak and the Russia-Ukraine crisis causing enough turfs in the economic conditions. Last week, there were reports of China facing a recurring energy shortage in the...

NALCO, Hindalco, Vedanta lift aluminium ingot price this week in response to LME price rally
31 MAR 20232MINS

NALCO, Hindalco, Vedanta lift aluminium ingot price this week in response to LME price rally

India’s top three aluminium players – NALCO, Hindalco, and Vedanta have elevated their aluminium ingot and aluminium products this week in tandem with the LME aluminium benchmark price hike. NALCO this week, with effect from Tuesday, March 28, lifted its aluminium ingot price by INR 5,600 per tonne...

A00 aluminium ingot price closes the week with a hike of RMB90/t; Alumina price slips by RMB2/t
31 MAR 20232MINS

A00 aluminium ingot price closes the week with a hike of RMB90/t; Alumina price slips by RMB2/t

On Friday, December 31, China’s A00 aluminium ingot price has grown by RMB 90 per tonne to stand at RMB 18,670 per tonne, with the average prices standing between RMB 18,650 per tonne and RMB 18,690 per tonne. The spot contract price is expected to be traded at a discount price of RMB 90 to RMB 50...

China’s aluminium ingot inventories record slower weekly decline settling at 1.09 million tonnes on March 30
31 MAR 20232MINS

China’s aluminium ingot inventories record slower weekly decline settling at 1.09 million tonnes on March 30

According to the Shanghai Metals Market, China’s social inventories of aluminium ingot further lost 38,000 tonnes over a week across the eight major consumption areas, including SHFE warrants, to stand at 1.09 million tonnes as of Thursday, March 30. But it is to be noted that the weekly decline...

LME benchmark aluminium price goes US$22/t down to US$2344/t; SHFE aluminium price marks US$24/t rise
31 MAR 20232MINS

LME benchmark aluminium price goes US$22/t down to US$2344/t; SHFE aluminium price marks US$24/t rise

LME aluminium opened at US$2,380.5 per tonne on Thursday, with its high and low at US$2,400 per tonne and US$2,369.5 per tonne respectively before closing at US$2,386.5 per tonne, an increase of US$3.5 per tonne or 0.15 per cent. On March 30, Wednesday, the LME aluminium cash bid price and the LME...

LME aluminium price escalates by US$51/t to US$2,366/t; SHFE price moves down by US$9/t
30 MAR 20232MINS

LME aluminium price escalates by US$51/t to US$2,366/t; SHFE price moves down by US$9/t

LME aluminium opened at US$2,383 per tonne on Wednesday, with its high and low at US$2,423 per tonne and US$2,366.5 per tonne, respectively, before closing at US$2,380 per tonne, an increase of US$2.5 per tonne or 0.1 per cent. On Wednesday, March 29, both LME aluminium cash bid price and LME...

China’s A00 aluminium ingot price loses RMB10/t on March 30; Aluminium price in Tianjin drops RMB40/t
30 MAR 20232MINS

China’s A00 aluminium ingot price loses RMB10/t on March 30; Aluminium price in Tianjin drops RMB40/t

A00 aluminium ingot price has slumped by RMB 10 per tonne, officially closing at RMB 18,580 per tonne, as the Shanghai Metals Market recorded on March 30, Thursday. The average prices are expected to range between RMB 18,560 per tonne and RMB 18,600 per tonne, with spot contracts trading at...

US, European economic slowdown cools the demand for aluminium
29 MAR 20232MINS

US, European economic slowdown cools the demand for aluminium

The surge in global aluminium output coincided with growing concerns that an economic slowdown would reduce demand for the metal. Europe's industrial economy suffered greatly due to the geopolitical-induced energy crisis. Fears of a recession were raised in the US due to inflation and rising...

China’s A00 aluminium ingot price in Tianjin grows to RMB18,590/t; Low carbon aluminium price remains the same at RMB19,292/t
29 MAR 20232MINS

China’s A00 aluminium ingot price in Tianjin grows to RMB18,590/t; Low carbon aluminium price remains the same at RMB19,292/t

China’s A00 aluminium ingot price has shown no change to close at RMB 18,590 per tonne, with the average prices between RMB 18,570 per tonne and RMB 18,610 per tonne. The spot contract is expected to be traded at a discount price of RMB 70 to RMB 30 per tonne. As per the data, the A00 aluminium...