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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China’s A00 aluminium ingot price stands at a M-o-M high, soaring by RMB540/t: SMM
According to the Shanghai Metals Market, A00 aluminium ingot price in China has initiated the week of August 26 with an increase of RMB 40 per tonne to stand at RMB 19,740 per tonne. The price has marked a week-on-week hike of RMB 280 per tonne from RMB 19,460 per tonne and a month-on-month surge...
LME aluminium price closes the week with a growth of US$28/t; SHFE price moves up by US$3/t
LME aluminium opened at US$2,475 per tonne, with a high of US$2,547.5 per tonne and a low of US$2,473.5 per tonne, closing at US$2,533.5 per tonne, up US$67 per tonne or 2.72 per cent. On Friday, August 23, both LME aluminium cash bid price and LME aluminium official settlement price gained US$28.5...
Upstream Weekly Recap: Aluminium market reacts to raw materials shortage in China with heightened price
The upstream sector of the global aluminium industry witnessed some important events this week. To begin with, LME aluminium price hit a 5-week high fuelled by the alumina shortage in China coupled with the weakening dollar that spurred fund buying. The price closed at US$2,435 per tonne after...
China's A00 aluminium ingot prices experience M-O-M surge by RMB 410/t, balancing the market condition
On 23rd August, according to the Shanghai Metal Market (SMM), China’s A00 aluminium ingot market seemed stable compared to the previous few days. Today, the average aluminium ingot price has experienced a very slight increase by RMB 10 per tonne after a huge surge in price for the entire week,...
LME aluminium benchmark price hikes by US$28/t; SHFE price grows to US$2784/t
Overnight, LME 3M aluminium opened at US$2,482 per tonne, hit a high of US$2,531 per tonne, a low of US$2,466 per tonne, and closed at US$2,466.5 per tonne, down US$14.5 per tonne or 0.58 per cent. On Thursday, August 22, both LME aluminium cash bid price and LME aluminium official settlement price...
China’s A00 aluminium ingot price shows a W-o-W surge of RMB 680/t, raw materials prices remain stable
The SMM aluminium market has witnessed an increase in prices today, with the A00 aluminium ingot price soaring by RMB 100 per tonne to rest at RMB 19,690 per tonne, with the average prices ranging between RMB 19,670 per tonne and RMB 19,710 per tonne. This week seems optimistic in comparison with...
LME aluminium benchmark price adds US$8/t to US$2443/t; SHFE price drops by US$11/t
Overnight, LME 3M aluminium opened at US$2,482.5 per tonne, with a high of US$2,495 per tonne, a low of US$2,452.5 per tonne, and closed at US$2,479 per tonne, down US$23 per tonne or 0.92 per cent. On Wednesday, August 21, both LME aluminium cash bid price and LME aluminium official settlement...
China’s A00 aluminium ingot price hits a 5-week high on SMM owing to tight raw material supply
According to the Shanghai Metals Market (SMM) survey, as of August 21, 2024, China's domestic A00 aluminium ingot price has continued to increase by RMB 100 per tonne to officially close at RMB 19,590 per tonne . China's domestic A00 aluminium ingot price has risen for the fifth consecutive day in...
Jharkhand’s new mining tax set to drive up mineral prices across India
The eastern Indian state of Jharkhand has taken a significant step toward imposing new taxes on mineral production, a move poised to increase the prices of key resources such as coal to bauxite. According to sources familiar with the matter, the state assembly has passed the Jharkhand Mineral...
LME aluminium price hits 5-week high fuelled by alumina shortage in China; SHFE price gains US$28/t
Overnight, LME 3M aluminium opened at US$2,430 per tonne, with a high of US$2,506 per tonne and a low of US$2,418 per tonne, closing at US$2,476 per tonne, up US$30.5 per tonne or 1.25 per cent. On Tuesday, August 20, both the LME aluminium cash bid price and LME aluminium official settlement price...
China's A00 Aluminium ingot market remains fairly stable M-O-M, with an increase of RMB 30/t today
On August 20th, 2024, the A00 aluminium ingot price in China, as reported by the Shanghai Metal Market (SMM), increased by RMB 30 per tonne, following a significant increase the day before. The price settled at RMB 19,490 per tonne, bringing the month-on-month price to the same level of RMB 19,490...
LME aluminium price skyrockets by US$76/t driven by positive US economic data; SHFE price expands by US$49/t
Overnight, LME 3M aluminium opened at US$2,367 per tonne, reached a high of US$2,449.5 per tonne and a low of US$2,365 per tonne, and closed at US$2,430 per tonne, up US$64.5 per tonne, or 2.73 per cent. On Monday, August 19, both LME aluminium cash bid price and LME aluminium official settlement...
China’s A00 aluminium ingot price registers a W-o-W hike of RMB470/t on improved downstream operations
According to Shanghai Metal Market (SMM) survey, China’s A00 aluminium ingot market has initiated the week with a price surge of RMB 230 per tonne to register at RMB 19,460 per tonne. On a week-on-week basis, the price has escalated by RMB470 per tonne, while that on a month-on-month calculation...
LME aluminium price stands 1.35% W-o-W high despite losing $7.5/t; SHFE price touches the US$2700/t level
On Friday, August 16, the 3-month LME aluminium contract price opened at US$2,358.50 per tonne, with a high of US$2,374 per tonne and a low of US$2,338.50 per tonne, closing at US$2,368 per tonne, up US$12 per tonne. LME aluminium cash bid price and LME aluminium official settlement price suffered...
China’s A00 aluminium price surges by RMB 220/t today amidst the ongoing M-o-M downtrend
The latest data from the Shanghai Metal Market (SMM) shows a mixed performance in the aluminium market, with the price of A00 aluminium ingot seeing a significant increase today. As of August 16, the price of A00 aluminium ingot has skyrocketed by RMB 220 per tonne, or 1.15 per cent, from the...
LME aluminium benchmark price moves up by US$2/t; SHFE price hikes to US$2,678/t
On Thursday, LME 3M aluminium opened at US$2,325 per tonne, with a high of US$2,370 per tonne, a low of US$2,321.5 per tonne, and closed at US$2,356 per tonne, up US$29 per tonne, an increase of 1.25 per cent. On Thursday, August 15, both LME aluminium cash bid price and LME aluminium official...
China’s A00 aluminium ingot price restores RMB19000/t level; aluminium alloy prices gain RMB50/t
According to the Shanghai Metals Market survey, China’s domestic A00 aluminium ingot price has increased by RMB 60 per tonne to exceed RMB 19,000 per tonne. On Thursday, August 15, China’s domestic primary aluminium ingot price has clocked at RMB 19,010 per tonne, marking a week-on-week rise of RMB...
LME aluminium price stands 3.16% higher since August 1; SHFE price gains US$25/t over a week
On Wednesday, the 3-month LME aluminum contract opened at US$2,332.50 per tonne, with a high of US$2,365 per tonne, a low of US$2,319 per tonne, and closed at US$2,327 per tonne, up US$1 per tonne or 0.04 per cent. On Wednesday, August 14, LME aluminium cash bid price and LME aluminium official...
