Price
News
- Key highlights from the global aluminium industry, August 2024
In August 2024, the global aluminium industry experienced notable fluctuations in pricing, reflecting a complex interplay of market dynamics and economic factors.
Sep 5, 2024 16:23 - The US and the UK launched a new round of sanctions against Russian aluminum, which may have an impact on the global aluminum market
On April 13, the US and the UK announced new trading restrictions on Russian aluminum, copper and nickel.
Apr 22, 2024 13:49 - Supply cuts and soft demand to keep SHFE aluminium prices in check
The U.S. Producer Price Index (PPI) in October saw its largest drop since April 2020, suggesting easing inflationary pressures.
Nov 20, 2023 09:24 - Growing inventory to keep SHFE aluminium prices in check
Macro trends show weakening US data, persistent Eurozone recessionary pressures, sluggish overseas economies amid high interest rates, a fluctuating high-level US dollar index, and pressured commodities.
Nov 10, 2023 14:40 
Aluminium Supply Pressure to Appear in late July, SHFE Aluminium Prices to Remain Rangebound in the Near TermThe most-traded SHFE 2308 aluminum contract opened at 17,975 yuan/mt overnight, and closed at 17,995 yuan/mt, down 45 yuan/mt or 0.25%. LME aluminum opened at $2,227.5/mt on Wednesday, with its low and high at $2,201/mt and $2,249/mt respectively before closing at $2,247/mt, up $19/mt or 0.58%.
Jul 5, 2023 10:02- SMM Weekly Forecast: Sluggish Consumption To Put A Lid On SHFE Aluminium Prices
SHANGHAI, Jul 4 (SMM) –There was a surprise drop in US initial jobless claims, and resilient Q1 GDP suggests a strong economy, turning the market hawkish.
Jul 4, 2023 11:29