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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Aluminium ingot price rally in China dampens buying interest, leading to additional 12,000 tonnes of stock accumulation
The Shanghai Metals Market survey reported on Monday, May 20, that China's domestic social inventories of aluminium ingot across major consumption areas came in at 759,000 tonnes, experiencing an increase of 12,000 tonnes over the weekend. SMM also calculated and found that the stock level on May...
LME benchmark aluminium price augments by 16.93% Y-o-Y; SHFE aluminium price adds 1.28% today
The previous trading day, LME aluminium opened at US$2,628 per tonne, hit a high of US$2,765.50 per tonne and a low of US$2,607 per tonne, and closed at US$2,715.5 per tonne, up US$89 per tonne or 3.39 per cent. On Tuesday, May 21, both LME aluminium cash bid price and LME aluminium official...
China’s A00 aluminium ingot price marks W-o-W surge of RMB620/t; Alumina price soars by RMB42/t
On Wednesday, May 22, China’s A00 aluminium ingot price expanded by RMB 330 per tonne to settle at RMB 21,090 per tonne, with the spot contract price expected to be traded at a discount price of RMB 160 to RMB 120 per tonne. On a W-o-W calculation, the domestic aluminium ingot price has surged by...
China’s alumina spot price increases by RMB10/t today; SMM A00 aluminium ingot price sheds RMB100/t
China’s alumina spot price has soared by RMB 10 per tonne to officially close at RMB 3,731 per tonne. The alumina price in Guangxi has grown by RMB 20 per tonne to arrive at RMB 3,770 per tonne, while the alumina price in Lianyungang has secured RMB 15 per tonne to close at RMB 3,775 per tonne. The...
LME aluminium benchmark price opens the week with a growth of US$24/t; SHFE price loses US$12/t
LME aluminium opened at US$2,621 per tonne in the previous trading day, with its low and high at US$2,605 per tonne and US$2,648 per tonne, respectively, before closing at US$2,626.5 per tonne, up US$5.5 per tonne or 0.21 per cent. On Monday, May 20, both LME aluminium cash bid price and LME...
Domestic base metal prices on LME witness positive trends W-o-W; Three-month LME aluminium futures hiked by 3.2%
At the close of trading on Friday, May 17, 2024, all base metals on the London Metal Exchange (LME) showed positive week-over-week trends. On the LME, three-month aluminium futures hiked by 3.2 per cent to reach $2,612 per tonne, while nickel settled at $21,080 per tonne, marking an impressive...
China’s alumina price further gains RMB2/t due to continued demand growth; A00 aluminium ingot price stands 2.56% higher M-o-M
China’s domestic alumina spot price has been rallying uninterruptedly since April 22 due to increased demand but limited supply because of production cuts at some refineries, especially in Henan, for insufficient availability of bauxite. Over the past weekend, the ore price has gained RMB 2 per...
LME aluminium benchmark price moves up by US$5.5/t; SHFE price gains US21/t
LME aluminium opened at US$2,586 per tonne in the previous trading day, with its low and high at US$2,582 per tonne and US$2,623 per tonne, respectively, before closing at US$2,621 per tonne, up US$33 per tonne or 1.28 per cent. On Friday, May 17, both LME aluminium cash bid price and LME aluminium...
Hindalco’s latest price hike brings its aluminium ingot price to INR248500/t
This week, dated May 15 and 16, Hindalco’s aluminium prices saw two consecutive days of alteration. On Wednesday, May 15, Hindalco’s aluminium prices were cut from the previous week in line with the LME aluminium price fall, while Hindalco’s prices on May 16 saw an elevation in concurrence with the...
China’s primary aluminium production grows 7.2% Y-o-Y in April’24 as investors bet on potential profit margin
According to the National Bureau of Statistics (NBS), China’s primary aluminium production rose 7.2 per cent from a year earlier, standing at 3.58 million tonnes. Aluminium price rally in China and across the globe drove the output hike during the said period. China’s average daily aluminium output...
Falling energy costs propel Trimet Aluminium SE to ramp up its output
Trimet Aluminium SE is set to boost production at its smelters in France and Germany to full capacity over the next year, signalling a recovery for the European aluminium industry amid declining energy costs. During the energy crisis, the continent's aluminium sector faced severe challenges, with...
LME aluminium benchmark price grows by US$9/t; SHFE aluminium price discards US$20/t
LME aluminium opened at US$2,596 per tonne in the previous trading day, with its low and high at US$2,563 per tonne and US$2,627 per tonne respectively before closing at US$2,588 per tonne, down 0.46 per cent. As per the London Metal Exchange market , on Thursday, May 16, the LME aluminium cash bid...
Alba posts a 48% decline in Q1 2024 profit amid higher sales volume, owing to sluggish LME prices
Aluminium Bahrain B.S.C. (Alba) has posted an uptick in its operational performance but a downfall in financial results for the first quarter (Q1) of 2024 ended March 31. The company’s profits and comprehensive income decreased year-on-year despite increased production and sales. Financial output...
China’s A00 aluminium ingot price gains RMB40/t; Low carbon aluminium price grows to RMB 21653/t
On Friday, May 17, the A00 aluminium ingot price in China has gained RMB 40 per tonne to settle at RMB 20,720 per tonne, with the spot contract price expected to be traded at a discount price of RMB 100 to RMB 60 per tonne. On the same day, the average prices may orbit between RMB 20,700 per tonne...
China’s alumina spot price gains RMB5/t today; up 12.63% M-o-M; SMM A00 aluminium ingot price scores RMB210/t
The alumina spot price in China has kept on growing, with RMB 5 per tonne hike on May 16, today, to close at RMB 3,719 per tonne. On a Month-on-Month basis, the alumina price has skyrocketed by RMB 417 per tonne or 12.63 per cent from RMB 3,302 per tonne recorded on April 16. The alumina price in...
LME aluminium benchmark price surges to US$2529.5/t; SHFE price expands by US$65/t
LME aluminium opened at US$2,550.5 per tonne in the previous trading day, with its low and high at US$2,539 per tonne and US$2,620 per tonne respectively before closing at US$2,600 per tonne, up 1.92 per cent. As per the LME data, on Wednesday, May 15, both LME aluminium cash bid price and LME...
China’s A00 aluminium ingot price drops by RMB40/t; Average alumina spot price gains RMB10/t
On Wednesday, May 15, China's A00 aluminium ingot price dropped by RMB 40 per tonne to settle at RMB 20,470 per tonne, with the spot contract price expected to be traded at a discount price of RMB 10 to a premium price of RMB 30 per tonne. The average prices may orbit between RMB 20,450 per tonne...
LME aluminium price slumps by US$32.5/t due to unprecedented surge in stocks; SHFE dips by US$7/t
LME aluminum opened at US$2,548 per tonne in the previous trading day, with its low and high at US$2,519 per tonne and US$2,559 per tonnes, respectively, before closing at $2,549 per tonne, up 0.28 per cent. On Tuesday, May 14, LME aluminium cash bid price and LME aluminium official settlement...
