March 2024

Chinese ADC 12 prices track decline in aluminium futures; MJP prices steady

Domestic prices for Chinese aluminium ADC 12 ingot widened down in the week to Wednesday February 28, tracking a slight downturn in aluminium futures on the Shanghai Futures Exchange, sources told Fastmarkets.

SHFE base metals stocks all up; demand yet to recover after holiday

Deliverable stocks of base metals in Shanghai Futures Exchange (SHFE)-registered warehouses all rose in the week to Friday March 1, with copper increasing the most in percentage terms, according to the exchange’s weekly stock report.

LME nickel price leads complex down with 2.7% drop on Friday morning

Base metals prices on the London Metal Exchange all slightly decreased at the open of trading on Friday March 1, with the exception of the three-month nickel price which tumbled by 2.7%.

Launch of East Asia low-carbon primary aluminium differential: pricing notice

Fastmarkets is launching a low-carbon primary aluminium differential, Japan, South Korea to complement its existing premiums in East Asia and to meet market interest in a low-carbon aluminium pricing mechanism.

China's domestic alumina spot prices continue to fall, decline limited by signs of demand pick-up in Yunnan

China’s domestic alumina spot prices continued to fall amid market expectations of an increase in supplies in March, although signs of a potential increase in downstream demand from aluminium smelters in Yunnan province helped to limit the decline, sources told Fastmarkets.

SHFE base metal prices move marginally; nickel continues to gain

Base metal prices on the Shanghai Futures Exchange (SHFE) moved only marginally during morning trading on Friday March 1, with nickel rising by 0.24%.