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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Japanese aluminium buyers recently agreed to pay premium above $170/t for Q3 shipments
According to a Reuters update, some Japanese aluminium buyers have agreed to pay a 45 per cent higher shipment premium than previously agreed for the July-September quarter. In early July, some Japanese aluminium buyers agreed to pay only $118-119 per tonne of premium for the third quarter’s...
LME aluminium price extends double-digit fall for the ninth day; SHFE price exceeds a decline of US$100/t M-o-M
The previous trading day, the three-month LME aluminum contract opened at US$2,405.50 per tonne, reached a high of US$2,430 per tonne, a low of US$2,380 per tonne, and eventually closed at US$2,385.50 per tonne, down US$20 per tonne. It is the ninth day and counting, but the LME aluminium benchmark...
SMM A00 aluminium ingot price closes the week with a fall of RMB80/t; Low carbon aluminium price declines by RMB63/t
On Friday, July 19, China's A00 aluminium ingot price dropped by RMB 80 per tonne to settle at RMB 19,490 per tonne. The average price is expected to hover between RMB 19,470 per tonne and RMB 19,510 per tonne, with the spot contract price estimated to be traded at a discount of RMB 80 to RMB 40...
May 2024: Higher profitability due to price surge strengthens primary aluminium production in Europe
In May 2024, upstream aluminium production (primary metal and alumina) scaled up across Europe, driven by higher profitability for producers due to increased aluminium prices. Throughout May, the aluminium benchmark price on the London Metal Exchange rallied by 5.19 per cent, reaching US$2,677 per...
India’s ADC12 aluminium ingot prices remain rangebound W-o-W with marginal decline
Spot prices for ADC12 aluminium alloy ingots (non-OEM) in Delhi NCR and Chennai remained steady week-over-week, with only a slight decline, according to BigMint's latest assessment. In the Delhi-NCR region, ADC12 spot prices were recorded at INR 212,000 per tonne ex-Delhi, matching the domestic...
SMM: China’s A00 aluminium ingot price slumps by 190/t overnight due to market surplus
According to the Shanghai Metal Market (SMM) survey, China’s A00 aluminium ingot price has shed off RMB 190 per tonne from the previous day to reach the three-month low. As per the data, the domestic price has come in at RMB 19,570 per tonne, which is significantly down by RMB 570 per tonne...
LME aluminium benchmark price slumps to US$2363/t; SHFE price contracts by US$22/t
The previous trading day, LME aluminium opened at US$2,415.5 per tonne, reached a high of US$2,424 per tonne and a low of US$2,397 per tonne, and closed at US$2,405.5 per tonne, down US$10.5 per tonne, a decrease of 0.43 per cent. On Wednesday, July 17, both LME aluminium cash bid price and LME...
Hong Leong Investment Bank projects Press Metal’s Q2 earnings to record a double-digit growth
Hong Leong Investment Bank (HLIB) reportedly expects Press Metal Aluminium Holdings Bhd’s core earnings to increase by up to 20 per cent Q-o-Q and 60 per cent Y-o-Y in the second quarter of CY2024, led by higher prices of the metal. According to Hong Leong’s projection, the company’s Q2 earnings...
Low demand and import tariffs result in a chronic M-o-M loss of China's A00 Aluminium ingot price
On July 17, 2024, A00 aluminium ingot price in China has experienced a minor decrease of RMB 30 per tonne after a huge downfall on the previous day of RMB 260 per tonne. With the latest fall, the domestic aluminium ingot price has shrunk below RMB 20,000 per tonne, settling at RMB 19,760 per tonne,...
LME aluminium benchmark price hits three-month low owing to heavy supply; SHFE price falls by US$4/t
The previous trading day, LME aluminium opened at US$2,461 per tonne, reached a high of US$2,462 per tonne and a low of US$2,403 per tonne, and closed at US$2,416 per tonne, down US$44 per tonne, a decrease of 1.79 per cent. As per the reports on Tuesday, aluminium prices dropped to their lowest...
SMM A00 aluminium ingot price continues to show bearish price trend, declining by RMB250/t today
On Tuesday, July 16, China's A00 aluminium ingot price has contracted by RMB 250 per tonne to settle at RMB 19,790 per tonne. The bearish trend in China's A00 aluminium ingot price can be attributed to weaker demand in the downstream sector, despite rising production levels. As per the SMM data,...
LME aluminium price plunges for the sixth day in a row, losing $71.5/t W-o-W; SHFE price declines by $21/t
On Monday, July 15, LME aluminum opened at US$2,479.50 per tonne, hit a high of US$2,489.50 per tonne, a low of US$2,458 per tonne, and closed at US$2,460 per tonne, down by 1.18 per cent. LME aluminium cash bid price and LME aluminium official settlement price further decreased, marking the sixth...
China’s June aluminium output hits decade high, H1 production grows by 7%
According to data from the National Bureau of Statistics (NBS), in June, China's primary aluminium production soared to its highest level in nearly a decade. The first half of the year (H1) saw a 7 per cent increase as producers boosted output amid rising profits. China, a dominant force in the...
Demand-production gap prevents China’s A00 aluminium ingot price from rebounding to early-June level
China’s A00 aluminium ingot price has started the week on Monday, July 15, with a slight increase of RMB 40 per tonne, following a week-long decline of RMB 270 per tonne from July 8 to 12. According to the Shanghai Metals Market, the price has pegged at RMB 20,040 per tonne, with average prices to...
LME aluminium benchmark price closes the week with a drop of US$6.5/t; SHFE price declines by US$43/t W-o-W
The previous trading day, LME aluminium opened at US$2,481 per tonne, reached a high of US$2,489.5 per tonne, a low of US$2,465 per tonne, and closed at US$2,489.5 per tonne, up US$13 per tonne, an increase of 0.52 per cent. On Friday, July 12, both LME aluminium cash bid price and LME aluminium...
Upstream Aluminium Recap: LME price losses $67/t amid lower stocks due to meagre share of Indian origin; US levies 10% duties on Chinese imports via Mexico
This week, the upstream aluminium sector took centre stage, featuring numerous significant developments in price front, production, international trade policy, project clearance, and investment. The continuous price fall on the Shanghai Metals Market and London Metal Exchange throughout the week...
India’s ADC12 aluminium ingot prices remain stable W-o-W amid high freights
According to BigMint's latest assessment, spot prices for ADC12 aluminium alloy ingots, commonly used in the automotive industry, remained stable week-over-week in both the Delhi NCR and Chennai regions. In Delhi NCR, ADC12 spot prices were evaluated at INR 213,000 per tonne (ex-Delhi), which is in...
LME aluminium price sheds off US$67/t during July 8-11; SHFE price closes the week with a US$38/t fall
On Thursday, July 11, the three-month LME aluminium contract opened at US$2,480 per tonne, with a high of US$2,508.50 per tonne, a low of US$2,474 per tonne, and closed at US$2,474.50 per tonne, down US$3.50 per tonne from the previous closing price. The LME aluminium benchmark price continued...
