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 plunges by RMB470/t today; Australian alumina FOB price loses US$18/t
The Shanghai Metals Market has witnessed a massive slump of RMB 470 per tonne today, closing at RMB 21,240 per tonne, with the average prices hovering between RMB 21,220 per tonne and RMB 21,260 per tonne. The eight main provinces in China have all seen a stark downtrend in aluminium prices, with...
LME aluminium price slumps US$29.5/t overnight but still stands W-o-W high; SHFE price slips by 1.5%
The three-month LME aluminium opened at US$2,787.50 per tonne and reached a high of US$2,799 per tonne and a low of US$2,683 per tonne before closing at US$2,705 per tonne, down US$89 per tonne or 3.19 per cent. On Thursday, May 30, the LME aluminium cash bid price and LME aluminium official...
Spot prices for ADC12 aluminium alloy ingots close at INR216000/t W-o-W
BigMint's assessment indicates a marginal gain of INR 1,000 per tonne for spot prices of aluminium ADC12 alloy ingots, reaching INR 216,000 per tonne week-over-week. Tense scrap prices stood at INR 188,000 per tonne ex-Delhi, reflecting a weekly increase of INR 1,000 per tonne. The scrap-to-ADC12...
LME aluminium benchmark price ascends by US$158.5/t M-o-M; SHFE aluminium price gathers US$50/t today
On the previous trading day, LME aluminium opened at US$2,732 per tonne, reaching a high of US$2,798 per tonne and a low of US$2,724 per tonne, and closed at US$2,794 per tonne, up US$62 per tonne, an increase of 2.27 per cent. The London Metal Exchange market has witnessed escalating prices this...
China’s A00 aluminium ingot price surges by RMB640/t following Rio Tinto’s force majeure declaration; Low-carbon aluminium price expands to RMB22721/t
According to the Shanghai Metals Market survey, China's A00 aluminium ingot price has surged by RMB 640 per tonne to clock at RMB 21,710 per tonne. The spot contract price is expected to be traded at a discount price of RMB 170 to RMB 130 per tonne, whereas the average prices may range between RMB...
Japanese aluminium buyers are offered an 18-20% higher premium for the September quarter shipments
According to a recent report, Japanese buyers received a premium offer of $175 per tonne from a global producer for the June-September quarter primary metal shipments. The news came after three sources directly involved in quarterly pricing talks reported as anonymous individuals. The latest offer...
SMM A00 aluminium ingot price adds RMB40/t today, down RMB20/t W-o-W; China’s low carbon aluminium price gains RMB109/t
The Shanghai Metals Market has witnessed a rise of RMB 40 per tonne today, closing at RMB 21,070 per tonne, with the average prices hovering between RMB 21,050 per tonne and RMB 21,090 per tonne. On a week-on-week scale, there has been a drop of RMB 20 per tonne from RMB 21,090 per tonne recorded...
LME aluminium benchmark price surges by US$54/t to US$2,653/t; SHFE price gains US$16/t
LME aluminium opened at US$2,667 per tonne in the previous trading session, reaching a high of US$2,741.5 per tonne, a low of US$2,667 per tonne, and closed at US$2,732 per tonne, up US$74 per tonne or 2.78 per cent. On Tuesday, May 28, both LME aluminium cash bid price and LME aluminium official...
SHFE aluminium price marks 1% spike today; LME market remains closed for the UK Spring Bank Holiday
Today, on May 28, the Shanghai Futures Exchange (SHFE) aluminium benchmark price has inched up by US$29 per tonne or 1 per cent to anchor at US$2,923 per tonne. The most-traded SHFE 2407 aluminium contract opened at RMB 20,925 per tonne, reached a high of RMB 21,215 per tonne, a low of RMB 20,925...
China’s A00 aluminium ingot price ascends to RMB21030/t; Alumina price gains RMB30/t
On Tuesday, May 28, China’s A00 aluminium ingot price gained RMB 150 per tonne to settle at RMB 21,030 per tonne. The spot contract price is expected to be traded at a discount of RMB 140 to RMB 100 per tonne. The average prices may orbit between RMB 21,010 per tonne and RMB 21,050 per tonne....
Aluminium prices to stabilise at $2,400, Hindalco predicts
Hindalco Industries has reported impressive performance metrics for the January to March 2024 quarter, showcasing strong margins and volumes across its aluminium and copper business segments. The company's aluminium upstream earnings before interest, taxes, depreciation, and amortisation (EBITDA)...
China’s average alumina spot price jumps by RMB33/t over the weekend to stand above a 2-year high
According to the Shanghai Metals Market survey, China’s average alumina spot price has jumped by RMB 33 per tonne over the weekend to stand at RMB 3,878 per tonne as of May 27. This latest hike has marked China’s domestic alumina price above a 2-year high. In Lianyungang and Bayuquan, alumina spot...
LME aluminium benchmark price expands to US$2599/t; SHFE price gains US$14/t
The previous trading day, LME aluminium opened at US$2,608.5 per tonne, reached a high of US$2,675 per tonne and a low of US$2,603 per tonne, and closed at US$2,658 per tonne, up US$36.5 per tonne or 1.39 per cent. On Friday, May 24, the LME aluminium cash bid price and LME aluminium official...
NALCO lifts its aluminium prices by INR 10,000 per tonne with effect from May 23
National Aluminium Company Limited (NALCO) has revised its aluminium ingot and product prices, with effect from Thursday, May 23. Compared to May 1, the company’s aluminium prices have been expanded significantly by about 4 per cent, in tandem with a gradual increase in aluminium prices on the...
LME benchmark aluminium price inches up by US$7/t W-o-W; SHFE aluminium price gains US$4/t today
On the previous trading day, LME aluminium opened at US$2,638 per tonne, reached a high of US$2,645.5 per tonne, a low of US$2,586.5 per tonne, and closed at US2,614 per tonne, down US$26.5 per tonne, a decrease of 1 per cent. On Thursday, May 23, both LME aluminium cash bid price and LME aluminium...
Average alumina spot price in China shows W-o-W growth of 3.38%; A00 aluminium ingot price moves up to RMB20790/t
On Friday, May 24, the average alumina spot price in China gained RMB 30 per tonne, settling at RMB 3,845 per tonne. As per the SMM data, a surge of RMB 126 per tonne or 3.38 per cent was recorded W-o-W from RMB 3,719. The alumina prices as of today have shown growth in all the provinces, with...
SMM A00 aluminium ingot price negates RMB340/t today; China’s alumina spot price adds RMB42/t
According to Shanghai Metals Exchange, the SMM A00 aluminium ingot price has descended by RMB 340 per tonne to officially close at RMB 20,750 per tonne, with the average prices ranging between RMB 20,730 per tonne and RMB 20,770 per tonne. The eight main provinces in China have all witnessed...
LME aluminium benchmark price drops by US$20/t; SHFE price loses US$11/t
The previous trading day, LME aluminium opened at US$2,710.5 per tonne, reached a high of US$2,749 per tonne and a low of US$2,621 per tonne, and closed at US$2,640.5 per tonne, down US$75 per tonne, a decrease of 2.76 per cent. On Wednesday, May 22, both LME aluminium cash bid price and LME...
