LME aluminium price chart rises further to $3,325/t; stocks remain stable
The London Metal Exchange (LME) aluminium price chart continues to record an upward trend across the pricing and contract segments on the September 8 trading session, reporting gains over the September 7 close . Opening stocks remained stable, not reporting any further decline. The LME aluminium...
LME aluminium price rises to $3,310/t: Can EGA and Alba repairs bring back 2025 levels?
The London Metal Exchange (LME) aluminium price reported improvements across the pricing and contract segments on the September 7 close, recovering from the downward trend reported at the September 4 session . As the repair and operations stabilise at the facilities of Emirates Global Aluminium...
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Back-to-back growth in LME aluminium price brings it about 5% higher M-o-M; SHFE is closed for mid-autumn holiday
On Friday, September 13, the LME aluminium benchmark price continued to grow for the fourth day in a row and exceeded the US$2,400 per tonne level. The LME graph movement suggests the LME aluminium cash bid price and LME aluminium official settlement price increased by US$14 per tonne and US$14.50...
Upstream weekly recap: Unprecedented alumina price growth is transforming market dynamics; China bauxite imports reach a new high
Currently, if anything is grabbing the maximum attention in the upstream aluminium sector, it is the unprecedented price surge in China's alumina prices. Both domestic and imported prices have skyrocketed over the week, transforming the market dynamics and raising concerns among primary aluminium...
China’s average alumina spot price records a Y-o-Y surge of more than RMB1000/t, transforming the market dynamics
According to the Shanghai Metals Market, China’s domestic average alumina spot price has further increased for the fourth consecutive day towards the RMB 4,000 per tonne level. As of September 13, the price stands at RMB 3,968 per tonne, accumulating RMB 11 per tonne overnight and marking...
LME aluminium price hikes by US$36/t driven by recovering demand; SHFE price grows to US$2,777/t
On Thursday, LME aluminium opened at US$2,377.5 per tonne, reached a high of US$2,427.5 per tonne, a low of US$2,374.5 per tonne, and closed at US$2,414 per tonne, up US$34.5 per tonne, an increase of 1.45 per cent. As per the data, both LME aluminium cash bid price and LME aluminium official...
China’s domestic and imported alumina prices reach a new high, driving A00 aluminium ingot price above the RMB19500/t level
According to the Shanghai Metals Markets survey, China’s average alumina spot price has heightened by RMB14 per tonne on Thursday, September 12, marking the third consecutive day of rise extending relentless growth since August 20. From August 20 to September 12, China’s average alumina price has...
Alumina price upswing complicates aluminium market dynamics, warns Trafigura
The Trafigura Group, a key player in the commodity market, asserts that the surge in alumina prices significantly reshapes the outlook for aluminium prices. The price of alumina—derived from mined bauxite and used in aluminium smelting—skyrocketed by 50 per cent in 2024, reaching its highest level...
LME aluminium benchmark price grows by US$31.5/t; SHFE price moves up to US$2753/t
On Wednesday, LME aluminium opened at US$2,342 per tonne, reached a high of US$2,379.5 per tonne, a low of US$2,337 per tonne, and closed at US$2,379.5 per tonne, up by US$37.5 per tonne, an increase of 1.60 per cent. As per the LME data, both cash bid price and official settlement price gained...
Countdown to winter: Xinjiang aluminium smelters delay alumina stockpiling amid price surge
One regular feature of the primary aluminium group in China is the preparation for winter. If your aluminium smelter is a thousand miles from anywhere, such as those in places like Xinjiang, you want to make sure you are well covered in terms of alumina supply. Those plants rely on alumina coming...
China’s A00 Aluminium ingot price remains stable at RMB 19,340/t; Alumina price hikes by RMB 1/t
According to the Shanghai Metal Market, alumina prices have again surged by RMB 1 per tonne, reaching RMB 3,943 per tonne. The increase is even higher in the Shandong region, with prices up by RMB 5 per tonne. This brings the average price to RMB 3935 per tonne, fluctuating between RMB 3900 per...
LME aluminium benchmark price ascends by US$5/t; SHFE price gains US$27/t
On Tuesday, LME aluminium opened at US$2,364 per tonne, with a high of US$2,375 per tonne and a low of US$2,332.5 per tonne, closing at US$2,342 per tonne, down US$20.5 per tonne (-0.87 per cent). The LME aluminium cash bid price and LME aluminium official settlement price ascended by US$5 per...
China’s domestic alumina price reaches a new high in two years; A00 aluminium ingot price gains RMB180/t
According to the Shanghai Metals Market (SMM), China’s average alumina price has again gained RMB 4 per tonne after the three consecutive days of restraint. With the latest rise, the price has reached a new high in two years at RMB 3,942 per tonne, marking a week-on-week increase of RMB 10 per...
LME aluminium price dwindles by US$50/t; SHFE price declines by US$22/t
On Monday, LME aluminium opened at US$2,344.5 per tonne, reached a high of US$2,365 per tonne and a low of US$2,326.5 per tonne before closing at US$2,362.5 per tonne, up US$21 per tonne, a 0.90 per cent increase. The LME aluminium cash bid price and LME aluminium official settlement price dwindled...
China's A00 Aluminium ingot market initiated the week with a decline of RMB 50/t with stable raw material prices
According to the Shanghai Metal Market survey (SMM), as of 9th August 2024, the week initiated a reduction in China’s A00 aluminium ingot price by RMB 50 per tonne. Today, the average aluminium price settled at RMB 19,160 per tonne, with the spot contract price likely to be traded at a discount...
LME aluminium official settlement price moves up to US$2368/t; SHFE price descends by US$4/t
Last Friday, LME aluminium opened at US$2,384 per tonne, hit a high of US$2,394 per tonne and a low of US$2,340 per tonne, and closed at US$2,341.5 per tonne, down US$36.5 per tonne or 1.53 per cent. On Friday, September 6, both LME aluminium cash bid price and LME aluminium official settlement...
China's A00 Aluminium ingot market remains fairly up M-O-M by RMB 460/t, with a decrease of RMB 90/t today
On September 6, 2024, the A00 aluminium ingot price in China, as reported by the Shanghai Metal Market (SMM), ended the week with a dwindle in price by RMB 90 per tonne, following a slight decrease the day before. The price settled at RMB 19,210 per tonne, increasing the month-on-month price by RMB...
LME aluminium benchmark price moves down to US$2366/t; SHFE price loses US$3/t
On Thursday, LME aluminium opened at US$2,392 per tonne, with a high of US$2,410 per tonne, a low of US$2,363 per tonne, and closed at US$2,378 per tonne, down US$21.5 per tonne, a decrease of 0.90 per cent. On Thursday, September 5, both LME aluminium cash bid price and LME aluminium official...
China’s A00 aluminium ingot price declines by RMB 30/t amid stable raw material prices
China’s A00 aluminium ingot price has continued to decline on Thursday, September 5, albeit at a slower rate. According to the Shanghai Metals Market survey, the price dwindled by RMB 30 per tonne, reaching at RMB 19,300 per tonne. The average prices are estimated to range between RMB 19,280 per...
LME aluminium price descends to US$2367.50/t; SHFE price loses US$17/t
On Wednesday, LME aluminium opened at US$2,412.5 per tonne, reached a high of US$2,418.5 per tonne, a low of US$2,370.5 per tonne, and closed at US$2,399.5 per tonne, down US$16 per tonne, a decrease of 0.66 per cent. On Wednesday, September 4, both LME aluminium cash bid price and LME aluminium...
