The London Metal Exchange (LME) aluminium price faltered across the pricing and contract segments on the September 2 close. The trend reflected a contrast of the surge reported in the September 1 session . The LME aluminium cash bid pulled back by 0.18 per cent day-on-day on September 2, down to...
The most-traded SHFE aluminium 2610 contract closed at RMB 24,100 per tonne today, up RMB 30 on the day, a gain of 0.12 per cent. Trading volume was 163,674 lots, open interest stood at 242,331 lots, with a daily decrease of 6,267 lots, as both bulls and bears reduced positions to lock in profits...
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Domestic aluminium scrap prices continued to climb this week, with single-day adjustments in some regions reaching RMB 300 per tonne. As of September 4, the SMM A00 price closed at RMB 20,860 per tonne, up RMB 250 per tonne w-o-w. Supply in the aluminium scrap market remained tight, particularly...
The global aluminium market is currently facing a tricky landscape filled with price fluctuations, changing trade patterns and an increasing focus on sustainability. From the rising scrap prices in China to India's growing influence in imports, along with policy changes in Europe and the energy...
Alcoa presented at Morgan Stanley’s 13th Annual Laguna Conference, with EVP & CFO Molly Beerman highlighting financials, strategic initiatives, and market trends. Alumina prices remain stable at USD 360–370/t, aluminium demand is strong in Europe and steady in North America, and Q3 shipments are...
The United States’ sharp 50 per cent tariff on aluminium and steel imports seem to have spared no end-user sector, not even farm equipment manufacturers. Reports indicate that the punitive duty has driven up production costs and disrupted supply chain stability, leaving equipment makers grappling...
Australia’s South32 has reported a 75 per cent rise in annual profit, lifted by strong alumina operations and higher prices across its portfolio, though the result fell short of analyst forecasts. For the year ended June 30, underlying earnings came in at USD 666 million, up from USD380 million a...
The London Metal Exchange (LME) aluminium price has shown huge growth on Thursday, September 11. As per the data, both cash bid price and official settlement price surged by USD 32.5 per tonne or 1.23 per cent to settle at USD 2,655.5 per tonne and USD 2,656 per tonne. On the same day, 3-month bid...
SMM september 11: This week, aluminium fluoride enterprises focused on fulfilling orders, with moderate market activity and stable prices. As of now, SMM aluminium fluoride prices closed at RMB 9,480-9,800 per tonne, and SMM cryolite prices were quoted at RMB 7,300-9,500 per tonne. From the raw...
A positive upward movement has been witnessed in the London Metal Exchange (LME) aluminium price on Wednesday, September 10. However, a slight negative downward movement has been seen in alumina platts price by USD 0.69 per tonne or 0.20 per cent. The LME cash bid price went up from USD 2,620 per...
Futures: The most-traded cast aluminium alloy ad2511 contract opened at RMB 20,355 per tonne overnight, hitting a high of RMB 20,425 per tonne and a low of RMB 20,340 per tonne, and closed at RMB 20,405 per tonne, up RMB 40 per tonne, or 0.20 per cent, from the previous close. Trading volume was...
Aluminium prices in Asia are holding firm near USD 2,615 a tonne, supported by a rush of withdrawals from London Metal Exchange (LME) warehouses that has tightened supply across the region. Almost 100,000 tonnes were requested for removal from Malaysian depots in just two days, traders said,...
Following a drop on Monday, September 8, the London Metal Exchange (LME) aluminium price witnessed a slight growth the next day on Tuesday, September 9. As per the data, both LME aluminium cash bid price and LME aluminium official settlement price gained USD 7 per tonne or 0.26 per cent and USD 7.5...
9.1 SMM cast aluminium alloy morning comment Futures: The most-traded cast aluminium alloy AD2511 contract opened at RMB 20,325 per tonne overnight, with the highest at RMB 20,380 per tonne and the lowest at RMB 20,325 per tonne, and finally closed at RMB 20,340 per tonne, up RMB 35 per tonne or...
Goods and Services Tax, rather commonly known as GST, was first introduced in India by Prime Minister Narendra Modi and Finance Minister Arun Jaitley on July 1, 2017. It was said to have replaced a complex web of central and state taxes such as excise duty, service tax, VAT, octroi, and entry tax,...
China's domestic thermal coal prices declined last week (September 1-5), extending the downward trend for the second consecutive week, as cooler weather dented power demand and coal consumption, industry sources said. At northern transfer ports, coal trading remained at a standstill as utilities...
9.9 SMM cast aluminium alloy morning comment Futures: The most-traded cast aluminium alloy ad2511 contract opened at RMB 20,295 per tonne overnight, hit a high of RMB 20,330 per tonne, and closed at the day's low of RMB 20,200 per tonne, down RMB 95 per tonne (0.47per cent) from the previous close....
With a slight surge on September 5, the London Metal Exchange (LME) aluminium price also saw a dip as the market opened on September 8. A significant difference could be seen in live warrants and the cancelled warrants. On September 8, the LME aluminium cash bid and offer price saw a decline by USD...
After a sharp decline on September 4, the London Metal Exchange (LME) aluminium price gained momentum. However, the price of aluminium platts further fell from the previous day by USD 1.23 per tonne. On September 5, both the LME cash bid and offer price gained by USD 10 per tonne or 0.38 per cent,...
9.8 SMM cast aluminium alloy morning comment Futures: The most-traded cast aluminium alloy AD2511 contract opened at RMB 20,315 per tonne on Friday night, hitting a high of RMB 20,375 per tonne and a low of RMB 20,255 per tonne, before closing at RMB 20,265 per tonne, down RMB 15 per tonne (0.07...
