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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SMM A00 aluminium ingot price closes the week with a fall of RMB140/t; Low-carbon aluminium price declines to RMB20755/t
According to the Shanghai Metals Market (SMM), China’s A00 aluminium ingot price has descended by RMB 140 per tonne to RMB 20,000 per tonne, with the spot contract price expected to be traded at a discount price of RMB 40 per tonne. The data suggests that the average prices may range between RMB...
Alcoa releases preliminary Q2 results, indicating potential growth in revenue, net income, and adjusted EBITDA
On July 10, 2024, Alcoa Corporation announced its preliminary second quarter 2024 results ahead of its final declaration of report on July 16, 2024. The preliminary data indicates improved financial results, primarily attributed to higher average realised third-party prices of alumina and...
China’s aluminium ingot price continues to decline, marking M-o-M fall of RMB670/t; Bauxite price in Guizhou records 5% growth
On Thursday, July 11, China’s domestic A00 aluminium ingot price has continued to decline by RMB 70 per tonne to settle at RMB 20,140 per tonne, found the Shanghai Metals Market. For the past one week, China’s domestic aluminium price has shown a bullish trend, marking a significant downfall of RMB...
India’s imported aluminium scrap prices grow W-o-W, buoyed by increased buying activity in Europe
This week, imported aluminium scrap prices in India have seen a modest increase, buoyed by a slight uptick in LME aluminium prices and increased purchasing activity in Europe ahead of the summer recess. Three-month LME aluminium prices reached $2,526 per tonne, marking a marginal week-on-week rise...
LME aluminium benchmark price contracts by US$36.5/t; SHFE price drops to US$2775/t
The previous trading day, LME aluminium opened at US$2,495.5 per tonne, reached a high of US$2,501.5 per tonne, a low of US$2,476.5 per tonne, and closed at US$2,478 per tonne, down US$19 per tonne from the previous trading day's closing price, a decrease of 0.76 per cent. On Wednesday, July 10,...
LME aluminium benchmark price retreats US$7/t; SHFE aluminium price returns below US$2800/t
On Tuesday, July 9, the three-month LME aluminum contract price opened at US$2,534 per tonne, reached a high of US$2,536.50 per tonne and a low of US$2,490.50 per tonne, and closed at US$2,497 per tonne, down US$32 per tonne from the previous closing price, a decrease of 1.27 per cent. LME...
China’s A00 aluminium ingot price reflects Y-o-Y surge of 10.61%; Low-carbon aluminium price slumps to RMB 21035/t
Following a growth the previous day, China’s A00 aluminium ingot price declined by RMB 90 per tonne. The price as of today settled at RMB 20,210 per tonne, with the average price standing between RMB 20,190 per tonne and RMB 20,230 per tonne. The spot contract price may be traded at a discount...
China’s A00 aluminium ingot price recovers RMB70/t from the preceding losses for two days; Aluminium alloy prices gain RMB50/t
According to the Shanghai Metals Market survey, A00 aluminium ingot price has grown after two consecutive days of downfall to stand week-on-week higher than RMB 20,210 per tonne. The price today, July 9, has increased by RMB 70 per tonne, reaching RMB 20,300 per tonne, up by 0.45 per cent from a...
LME aluminium benchmark price descends to US$2475.5/t; SHFE price adds US$9/t
LME aluminium opened at US$2,537 per tonne in the previous trading day, with a high of US$2,541 per tonne and a low of US$2,520 per tonne, and closed at US$2,529 per tonne, down US$10.5 per tonne from the previous trading day, a decrease of 0.41 per cent. On Monday, July 8, both LME aluminium cash...
China’s A00 aluminium ingot price stands steady W-o-W despite a continued loss of RMB40/t
Despite the continued decline in China’s domestic A00 aluminium ingot price, the market has shown resilience. The ingot price, standing at RMB 20,230 per tonne, is higher by 0.60 per cent than the previous week. However, compared to the last day of trading, the price has experienced a loss of RMB...
LME aluminium price settles at US$2/t higher than the earlier trading day; SHFE price marks weekly growth of US$8/t
Last Friday, LME aluminum opened at US$2,526.50 per tonne, reached a high of US$2,557 per tonne, a low of US$2,521.50 per tonne, and closed at US$2,539.50 per tonne, registering an increase of US$12.50 per tonne from the previous closing price. The LME aluminium prices expanded further on Friday,...
China’s aluminium ingot price declines by RMB110/t without affecting positive W-o-W movement
As of July 5, China’s domestic A00 aluminium ingot price concluded the week at RMB 20,270 per tonne, with average prices hovering around RMB 20,250 to 20,290 per tonne, found the Shanghai Metals Market survey. Compared to the previous day, the price descended by RMB 110 per tonne but still stood...
LME aluminium benchmark price moves up to US$2493.50/t; SHFE price drops by US$19/t
LME aluminium opened at US$2,547 per tonne in the previous trading day, hitting a high of US$2,552 per tonne and a low of US$2,518 per tonne, and closed at US$2,527 per tonne, down US$22.5 per tonne or 0.88 per cent from the previous closing price. On Thursday, July 4, both LME aluminium cash bid...
Japanese aluminium buyers conclude Q3 premium negotiations with 8% reduction
According to the latest report, Japanese aluminium buyers have agreed to pay an 8 per cent lower premium for primary aluminium shipments for Q3 2024, ending September 30, than the previous quarter. The news came after five sources directly involved in quarterly pricing talks reported. The last...
SMM A00 aluminium ingot price declines by 3.82% M-o-M; Domestic bauxite price demonstrates upward trend Y-o-Y
On July 4, China’s A00 aluminium ingot price gained RMB 90 per tonne, settling at RMB 20,380 per tonne. The spot contract price may be traded at a discount price of RMB 70 to RMB 30 per tonne, and the average prices may orbit between RMB 20,360 per tonne and RMB 20,400 per tonne. According to the...
LME aluminium price stands steady on a W-o-W basis despite back-to-back declines; SHFE price rebounds above US$2800/t
On Wednesday, July 3, LME aluminum opened at US$2,516 per tonne, reached a high of US$2,561.50 per tonne, a low of US$2,514.50 per tonne, and closed at US$2,549.50 per tonne, up US$33.50 per tonne from the previous close, an increase of 1.33 per cent. LME aluminium cash bid price and LME aluminium...
China’s aluminium wire rod producers’ operating rate grows on improved State Grid orders
According to the Shanghai Metals Market, domestic aluminium wire rod producers’ operating rate increased last week to meet backlogged orders. There were adequate inflows of State Grid orders through tenders in Qinghai, Jiangxi, Jiangsu, and Sichuan, leaving producers with ample orders on hand. The...
China’s A00 aluminium ingot price demonstrates W-o-W rise of 1.15% backed by central bank monetary policy
China’s central bank supportive monetary measure aimed at stabilising economy amid bearish demand for primary aluminium from downstream sectors has boosted China’s A00 aluminium ingot price for the second consecutive day, bringing it to RMB 20,290 per tonne on July 3, 2024. According to the...
