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 continues declining by RMB6/t, impacting aluminium ingot price; Aluminium fluoride price tumbles RMB200/t
According to the Shanghai Metals Market survey, the average aluminium spot price in China has further decreased over the weekend by RMB 6 per tonne to start the week at RMB 3,342 per tonne, as of Monday, March 4. In Shandong and Shanxi, the alumina spot price has declined by RMB 10 per tonne to...
LME aluminium price moves up US$20.5/t but still stands 1.3% lower M-o-M; SHFE starts the week muted
LME aluminium opened at US$2,224.50 per tonne last Friday, with high and low at US$2,248.50 per tonne and US$2,208 per tonne, respectively, before closing at US$2,236 per tonne, up 0.36 per cent. LME aluminium cash bid price and LME aluminium official settlement price added US$20.50 per tonne or...
LME aluminium benchmark price expands to US$2,163/t; SHFE price hikes by US$19/t
LME aluminium opened at US$2,193.5 per tonne on Thursday, with its high and low at US$2,230.5 per tonne and US$2,186 per tonne, respectively, before closing at US$2,225 per tonne, up US$34 per tonne or 1.55 per cent. On Thursday, February 29, both LME aluminium cash bid price and LME aluminium...
China’s alumina price drop causes no impact on primary aluminium price; A00 aluminium ingot price gains RMB100/t
According to the Shanghai Metals Market survey, the average alumina spot price has decreased by RMB 3 per tonne to begin the month of March at RMB 3,348 per tonne. In Shanxi, the price has shed off RMB 10 per tonne to come in at RMB 3,365 per tonne on March 1, 2024. The average prices are estimated...
Global aluminium producers eyeing Q2 premiums at $145-$155/ tonne, industry sources
Aluminium producers worldwide have proposed premiums to Japanese buyers ranging from $145 to $155 per tonne for primary metal shipments from April to June, marking a substantial increase of 61 per cent to 72 per cent compared to the current quarter. This information was disclosed by three sources...
India’s aluminium ADC12 price remains steady W-o-W amidst increased raw material prices
The spot prices for Aluminium ADC12 alloy ingot (equivalent to automobile grade) in Delhi remain steady at INR 204,000 per tonne week-on-week, excluding GST. This stability persists despite the rise in local Tense scrap prices, especially in regions like north and south India, where shortages have...
Aluminium prices expected to remain under pressure in 2024, analysts warn
Aluminium prices have not shown any improvement, as expected, during the beginning of the year compared to 2023. Analysts from AL Circle have already stated the global aluminium market in H1 2024 is anticipated to mirror 2023. This is primarily due to a slowdown within the Chinese economy, notably...
LME aluminium benchmark price closes at nearly 1% lower; SHFE price grows slightly US$3/t
LME aluminum opened at US$2,203.50 per tonne on Wednesday, February 28, with its high and low at US$2,203.50 per tonne and US$2,177 per tonne, respectively, before closing at US$2,191 per tonne, down 0.41 per cent. LME aluminium cash bid price shed off US$15.50 per tonne or 0.72 per cent to stand...
China’s A00 aluminium ingot price gains RMB70/t to RMB18,860/t; Low carbon aluminium price adds RMB33/t
On Thursday, February 29, China’s A00 aluminium ingot price hiked by RMB 70 per tonne to settle at RMB 18,860 per tonne, with the spot contract price expected to be traded at a discount price of RMB 30 to a premium price of RMB 10 per tonne. The average price for the same is expected to orbit...
China’s A00 aluminium ingot price loses RMB20/t after an intermittent rise; Input costs display no change
According to the Shanghai Metals Market survey, China’s domestic A00 aluminium ingot price has dropped by RMB 20 per tonne, following an intermittent rise of RMB 110 per tonne the previous day. Thus, on Wednesday, February 28, the A00 aluminium ingot price has come in at RMB 18,790 per tonne, with...
LME aluminium benchmark price moves up by US$5.5/t to US$2,146/t; SHFE price loses US$4/t
LME aluminium opened at US$2,185 per tonne on Tuesday, with its high and low at US$2,208.5 per tonne and US$2,185 per tonne, respectively, before closing at US$2,200 per tonne, up US$18 per tonne or 0.82 per cent. On Tuesday, February 27, both LME aluminium cash bid price and LME aluminium official...
US eliminates Russian aluminium from its brand new sanctions list
The United States has reportedly ruled out Russian aluminium and nickel from its new set of sanctions, which made several roundups in the media since early February 2024. According to the latest report on Monday, February 26, the United States declared sanctions on more than 500 people and entities...
LME aluminium price hits a one-month low on inventory surge in Shanghai; SHFE price gains US$14/t
On Monday, February 26, LME aluminium opened at US$2,182 per tonne, with its high and low at US$2,195 per tonne and US$2,175 per tonne, respectively, before closing at US$2,182 per tonne, down 0.09 per cent. According to the LME data, LME aluminium cash bid price and LME aluminium official...
China’s A00 aluminium ingot price gains RMB110/t to RMB 18,810/t; Alumina price loses RMB1/t
On Tuesday, February 27, China’s A00 aluminium ingot price ascended by RMB110 per tonne to settle at RMB 18,810 per tonne, with the spot contract price expected to be traded at a discount price of RMB 50 per tonne to RMB 10 per tonne. The average prices are expected to stand between RMB 18,790 per...
Aluminium stocks at LME warehouses ascended by 8% to 580,275 tonnes
Base metals prices on the London Metal Exchange (LME) generally trended positively for the week ending on February 23, except aluminium, which saw a decline of 1.7 per cent due to increasing stocks. Aluminium stocks at LME warehouses notably rose by over 8 per cent to 580,275 tonnes from 534,925...
China’s A00 aluminium ingot price dumps RMB170/t over the weekend, standing at 2.2% lower M-o-M
On Monday, February 26, China’s domestic A00 aluminium ingot price shed off RMB 170 per tonne over the weekend to reach RMB 18,700 per tonne, found the Shanghai Metals Market data. The average prices are expected to range between RMB 18,680 per tonne and RMB 18,720 per tonne, with a spot contract...
LME aluminium price closes the week with a fall of US$21.5/t; SHFE price slips to US$2,605/t
LME aluminium opened at US$2,202 per tonne last Friday, with its high and low at US$2,213 per tonne and US$2,175 per tonne, respectively, before closing at US$2,184 per tonne, down US$17 per tonne or 0.77 per cent. On Friday, February 23, both LME aluminium cash bid price and LME aluminium official...
Primary aluminium weekly recap: Shipping industry forewarns lengthy Red Sea crisis, while the B&C sector slowdown rings an alarm for European aluminium
Amidst a tumultuous turn of events, the price of aluminium has witnessed a surge propelled by speculations of imminent US sanctions against Russia, with the metal industry likely to be a focal point. However, the price gained momentum and dropped again later in the week. The ambiguity surrounding...
