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 alumina price maintains upward trajectory, up RMB13/t today; SMM A00 aluminium ingot price shrinks by 1.16% M-o-M
The alumina spot price in China has levitated by RMB 13 per tonne consecutively to officially close at RMB 3,704 per tonne. In Guangxi, the alumina price has earned RMB 20 per tonne, and in Shanxi, it has escalated by RMB 15 per tonne to respectively close at RMB 3,735 per tonne and RMB 3,745 per...
LME aluminium benchmark price dips to US$2510/t; SHFE price remains restrained at US$2837/t
LME aluminium opened at US$2,520.5 per tonne in the previous trading day, with its low and high at US$2,508 per tonne and US$2,556.5 per tonne respectively before closing at US$2,547.5 per tonne, up 1.07 per cent. On Monday, May 13, both LME aluminium cash bid price and LME aluminium official...
Aluminium scrap prices in India record sluggish movement amidst dip in LME rates
During the week ending on May 10, 2024, the London Metal Exchange (LME) witnessed considerable volatility in the prices of most base metals. Three-month aluminium futures on the LME slid by 0.86 per cent to reach $2,529 per tonne, while nickel settled at $18,925 per tonne, marking a decline of 1.62...
Hong Leong Investment Bank forecasts increased earnings for Press Metal amid expected aluminium price surge
Hong Leong Investment Bank Bhd (HLIB) has reportedly shared higher earnings forecasts for Press Metal Aluminium Bhd for FY2024 and FY2025. The investment bank has projected that Press Metal's earnings will increase by 7 per cent and 4 per cent, respectively, in the said years on account of...
LME aluminium price marks upward swing of US$21/t; SHFE aluminium price loses US$16/t
LME aluminium opened at US$2,570 per tonne last Friday, with its low and high at US$2,517 per tonne and US$2,589.50 per tonne, respectively, before closing at US$2,520 per tonne, down 1.6 per cent. On Friday, May 10, both LME aluminium cash bid price and LME aluminium official settlement price...
China’s average alumina spot price opens the week with a growth of RMB13/t; A00 aluminium ingot price loses RMB110/t
On Monday, May 13, the average alumina spot price opened the week with a growth of RMB 13 per tonne to settle at RMB 3,691 per tonne. As per the SMM data, the alumina prices reflected a Y-o-Y surge of RMB 813 per tonne from RMB 2,888 per tonne recorded on May 12, 2023. Alumina prices region-wise...
Stocks in LME-approved warehouses reach more than 2-year high with an 88% gain
On Thursday, May 9, aluminium stocks in London Metal Exchange-registered warehouses surged by 88 per cent to 903,850 tonnes, reaching the highest level since January 2022. Some sources said last month that inventories are subject to so-called rent share deals. Traders are taking Russia-made...
SMM A00 aluminium ingot price adds RMB20/t today; China’s alumina spot price marks RMB20/t hike
According to the Shanghai Metals Market, the SMM A00 aluminium ingot price has scored RMB 20 per tonne to close at RMB 20,540 per tonne today, with the average prices hovering between RMB 20,520 per tonne and RMB 20,560 per tonne. The eight main provinces in China have more or less seen escalation...
LME aluminium price moves up by US$6/t to US$2494/t; SHFE price dips by US$3/t
LME aluminium opened at US$2,570 per tonne in the previous trading day, with its low and high at US$2570 per tonne and US$2,577 per tonne respectively before closing at US$2,573 per tonne, up 0.19 per cent. On Thursday, May 9, both LME aluminium cash bid price and LME aluminium official settlement...
India’s aluminium alloy ADC12 prices record W-o-W decline of INR3000/t
Spot prices for India's aluminium alloy ADC12 ingot declined by INR 3,000 per tonne, now standing at INR 216,000 per tonne week-on-week exw Delhi NCR. As per BigMint's latest assessment, tense scrap prices also saw a decrease, reaching INR 185,000 per tonne ex-Delhi, marking a weekly decline of INR...
China’s average alumina spot price marks a Y-o-Y surge of 26.44%; A00 aluminium ingot price gains RMB190/t
China’s average alumina spot price has marked a Y-o-Y growth of RMB 765 per tonne or 26.44 per cent from RMB 2,893 recorded on May 9, 2023. As of today, the price has expanded by RMB 30 per tonne to clock at RMB 3,658 per tonne. The alumina prices have shown diverse changes across all the...
Continued LME aluminium price drop drives NALCO to further cut its aluminium prices by INR6700/t
In response to the continued decline of the global aluminium price on the London Metal Exchange (LME), National Aluminium Company Limited (NALCO) has further reduced its aluminium ingot and aluminium product prices, with effect from May 1, 2024. This latest cut marks the second consecutive...
LME aluminium benchmark price and SHFE aluminium price uniformly ascends by US$73/t M-o-M
LME aluminium opened at US$2,547.50 per tonne in the previous trading day, with its low and high at US$2541 per tonne and US$2,550.50 per tonne respectively before closing at US$2,549.50 per tonne, up 0.18 per cent. The London Metal Exchange market showed a deflection in aluminium prices yesterday,...
LME aluminium benchmark price inches up by US$2.5/t; SHFE price slumps to US$2826/t
LME aluminium opened at US$2,573 per tonne on Tuesday, with its low and high at US$2547 per tonne and US$2,593 per tonne, respectively, before closing at US$2,568.5 per tonne, up 0.69 per cent. On Tuesday, May 7, both LME aluminium cash bid price and LME aluminium official settlement price moved up...
China’s alumina spot price marks continuous hike, up RMB62/t today; SMM A00 aluminium price loses RMB240/t with 1.09% M-o-M growth
The alumina spot price in China has levitated by RMB 62 per tonne mid-week to close at RMB 3,628 per tonne. China’s alumina spot price is following an upward stride with consecutive expansions of RMB 50 per tonne and RMB 65 per tonne, with the market opening after the Labour Day Holiday observed...
SHFE aluminium price heightens by US$13/t; LME aluminium market stays closed on May 6
The Shanghai Futures Exchange (SHFE) aluminium benchmark price has inched up by US$13 per tonne or 0.45 per cent on May 7, halting at US$2,864 per tonne. Overnight, the most-traded SHFE 2406 aluminium contract opened at RMB 20,720 per tonne, with the highest and lowest prices at RMB 20,830 per...
China’s average alumina spot price skyrockets by RMB65/t; A00 aluminium ingot price expands by RMB2100/t Y-o-Y
On Tuesday, May 7, the average alumina spot price in China surged by RMB 65 per tonne to settle at RMB 3,566 per tonne. According to the SMM data, the prices have shown growth in all the provinces, with the highest in Lianyungang, where they have skyrocketed by RMB 100 per tonne to reach RMB 3,620...
China’s alumina spot price reaches more than two-year high above RMB3500/t; A00 aluminium ingot price grows by RMB10/t
China’s domestic average alumina spot price has resumed from the Labour Day holiday from May 1 to 5 with a hike of RMB 50 per tonne. The tightening supply and improving demand have continued to boost the alumina price, marking the eighth consecutive day of rise. According to the Shanghai Metals...
