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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LME aluminium slackens by US$3.5/t, up US$200/t M-o-M; SHFE adds 1.09% after Qingming Festival
LME aluminum opened at US$2,435 per tonne last Friday, with its high and low at US$2,455.50 per tonne and US$2,418.50 per tonne respectively before closing at US$2,451 per tonne, an increase of US$6 per tonne or 0.25 per cent. The London Metal Exchange graph registered slightly declining prices on...
China’s A00 aluminium ingot price stands above RMB20100/t post Qingming Festival; Low carbon aluminium price expands to RMB21002/t
On Monday, April 8, China’s A00 aluminium ingot price expanded by RMB 360 per tonne to settle at RMB 20,110 per tonne. The spot contract price is expected to be traded at a discount price of RMB 110 per tonne to RMB 70 per tonne. The average prices may range between RMB 20,090 per tonne and RMB...
Chinese economic boost propels LME base metals prices to move upwards
The London Metal Exchange (LME) witnessed significant price surges across base metals following optimistic macroeconomic reports from China, with all metals marking gains by Wednesday, 3 March. Three-month aluminium futures showed a modest uptick of 2 per cent to reach $2,429 per tonne (t), while...
Raw material shortage raises India's ADC12 aluminium ingot price W-o-W
The spot prices for Aluminium ADC12 alloy ingot, equivalent to automobile grade, saw a modest rise of INR 2,000 per tonne to reach INR 213,000 per tonne week-on-week (w-o-w) exw Delhi, excluding GST. In the current market, firm offers are noted in Delhi and Chennai at INR 182,000-183,000 per tonne....
Maybank Investment estimates Press Metal’s Q1 FY2024 net profit to grow up to RM365 million
Press Metal Aluminium Holdings Berhad, a Malaysian-based integrated producer of aluminium, is likely to register a higher net profit for the first quarter (Q1) of 2024, in support of higher spot prices of the metal, notwithstanding volatile production costs. Maybank Investment Bank Bhd (MaybankIB)...
LME aluminium price surges by US$60.5/t boosted by strong Japan premiums; SHFE market is closed for the Qingming Festival
Aluminium showed strong performance yesterday, supported by factors like higher premiums in Japan and better-than-expected economic data from China, which countered worries about reduced demand from the world's largest consumer. Additionally, encouraging news from U.S. manufacturing, showing...
LME aluminium benchmark price hikes by US$11.5/t ; SHFE market will remain closed for the Qingming Festival
On Wednesday, April 3, LME aluminium cash bid price and LME aluminium official settlement price hiked by US$11.5 per tonne or 0.49 per cent to stand at US$2,333.50 per tonne and US$2,334 per tonne. As per the LME data, 3-month bid price and 3-month offer price hiked by US$15.5 per tonne or 0.65 per...
Rising LME futures & supply crunch propel India’s imported aluminium scrap prices upward
Imported aluminium scrap prices in India increased slightly, bolstered by the rising trend in LME (London Metal Exchange) futures prices and persistent supply shortages. As reported, the three-month LME price stood at around $2,375 per tonne, marking a 2.4 per cent increase compared to the previous...
Key highlights from the global aluminium industry, March 2024
The price of aluminium on the LME experienced a gradual upward trend throughout March 2024, fluctuating within a range of approximately USD$85-90. Similarly, the SHFE price also increased slightly, hovering around USD$65-70, albeit with considerable fluctuations. However, according to a research...
China’s A00 aluminium ingot price grows to RMB19,750/t; Low-carbon aluminium price gains RMB171/t
On Wednesday, April 3, China’s A00 aluminium ingot price has gained RMB 170 per tonne to settle at RMB 19,750 per tonne, with the spot contract price expected to be traded at a discount price of RMB 110 per tonne to RMB 70 per tonne. The average prices are expected to range between RMB 110 per...
LME benchmark aluminium price increases by 2.31% over the Good Friday weekend; SHFE aluminium price gains US$21/t
LME aluminium opened at US$2,342 per tonne in the previous trading day, with its high and low at US$2,387.50 per tonne and US$2,332 per tonne, respectively, before closing at US$2,372 per tonne, up US$35 per tonne or 1.5 per cent. The London Metal Exchange was temporarily out of action for the Good...
Market apprehensions for tight production in Yunnan lead to SHFE price growth for the fourth day
The SHFE aluminium benchmark price has continued to grow on Tuesday, April 2, albeit at a lower rate. According to the data, the price has increased by US$3 per tonne to reach US$2,721 per tonne. Compared to the same period last year, the price is 0.33 per cent higher than US$2,712 per tonne. On a...
Average alumina spot price in China dropped W-o-W by RMB14/t; SMM A00 aluminium ingot price hikes to RMB19,580/t
On Tuesday, April 2, the average alumina spot price in China lost RMB 2 per tonne to settle at RMB 3,299 per tonne. As per the SMM data, W-o-W, a fall of RMB 14 per tonne was witnessed from RMB 3,313 per tonne, as recorded on March 26. As of today, the prices in Henan and Shanxi have dropped by RMB...
SMM A00 aluminium ingot price skyrockets by RMB600/t M-o-M; Alumina price dips by RMB3/t
The Shanghai Metals Market on April 1 showed considerable growth in aluminium prices, with the SMM A00 aluminium ingot price halting at RMB 19,520 per tonne, adding RMB 50 per tonne. The average prices ranged between RMB 19,500 per tonne and RMB 19,540 per tonne. The SMM aluminium price has...
SHFE price gains US$11/t to US$2,718/t; LME closed for Good Friday Holiday
On Monday, April 1, the SHFE aluminium benchmark price has gained US$11 per tonne or 0.40 per cent to settle at US$2,718 per tonne. The most-traded SHFE 2405 aluminium contract opened at RMB 19,710 per tonne last Friday night, with its lowest and highest at RMB 19,645 per tonne and RMB 19,820 per...
Primary weekly recap: Century Aluminum gets $500 million approval from the U.S. Department of Energy for a green smelting project while EGA upgrades its operations with SAP's S/4HANA software
In the ever-evolving landscape of the aluminium industry, this weekend has been marked by a flurry of developments, ranging from life-altering innovations to sobering tragedies. National Aluminium Company (NALCO) has unveiled AL-59, a cutting-edge aluminium alloy ingot poised to redefine the...
Icra forecasts 10% growth in aluminium and copper demand for FY25
According to a recent statement by the Investment Information and Credit Rating Agency (ICRA), domestic demand for non-ferrous metals like aluminium and copper is expected to grow 10 per cent in FY25. This expectation is based on a consistent trend in realizations and a moderated pressure on input...
Japan's aluminium premiums soar to $145/t for April-June marking 61% rise Q-o-Q
The aluminium industry in Japan is witnessing a remarkable surge in premiums for the April to June period, with negotiations resulting in a substantial 61 per cent increase over the previous quarter. The agreed premium of $145 per tonne above the benchmark price reflects a significant uptick in...
