AlCircle News Edited By "Debanjali Sengupta"
Debanjali Sengupta is a passionate content writer with 10 years of experience in Business writing, Web Content writing, Blogging, Editing and Research. She is responsible for generating and editing content for AlCircle Newsletter and other online and offline content for enhancing the brand value and its visibility among global users.
LME aluminium price jumped US$53.50/t to close at US$2451/t; SHFE price gained US$20/t
Three-month LME aluminium rose 2.23 per cent to close at US$ 2,494.50 per tonne on Friday. It is expected to fluctuate between US$ 2,440 per tonne and US$ 2,500 per tonne today. LME aluminium cash (bid) price and LME official settlement price jumped US$ 53.50 per tonne to come in at US$ 2,451 per...
China’s A00 aluminium ingot price extends growth to RMB18830/t; Aluminium alloy (A356) price gains RMB100/t
According to the Shanghai Metals Market, A00 aluminium ingot price has extended growth by RMB 60 per tonne to come in at RMB 18,830 per tonne on Monday, June 28. The average prices are expected to range between 18,810 per tonne and RMB 18,850 per tonne, with spot contract to be traded at a premium...
Primary Aluminium Weekly Recap: Hydro Husnes is back at full capacity; Russia is gearing to impose new export tax on aluminium
World primary aluminium market marked some significant events this week. To start with Hydro Husnes has resumed full operation for the first time in more than a decade. CEO Hilde Merete Aasheim, the mayor of Kvinnherad Municipality, and representatives from Industri Energi and Norsk Industri...
Hindalco Industries grows aluminium ingot price for the second consecutive day by INR1750/t on June 24
Hindalco Industries Limited increased its aluminium ingot and aluminium products prices back-to-back with effect from June 23 and June 24. Hindalco is at present selling its aluminium ingot at INR 205,500 per tonne with effect from June 24 after increasing it by INR 1,750 per tonne from the...
China’s secondary aluminium operating rates fall 5.44 percentage points to 59.56% in May 2021
According to the Shanghai Metals Market, secondary aluminium producers operating rates decreased 5.44 percentage points month-on-month to stand at 59.56 per cent, as a result of weak operating rates at small and big secondary aluminium plants. On a year-on-year calculation, operating rates edged up...
China’s A00 aluminium ingot price rebounds to US$18770/t; Aluminium alloy(A356) price closes the week at US$19350/t
A00 aluminium ingot price in China has rebounded to US$ 18,770 per tonne on Friday, June 25, by gaining RMB 110 per tonne. On the previous day, June 24, the price decreased from US$ 18,770 per tonne to US$ 18,660 per tonne. The average prices are expected to range between 18,750 per tonne and RMB...
LME aluminium price grows for the third consecutive day to stand at US$2397.50/t; SHFE price closes above US$2900/t
Three-month LME aluminium closed 0.25 per cent higher at US$ 2,440 per tonne on Thursday night, with open interest down 9,400 lots to 685,000 lots, and is expected to trade between US$ 2,400-2,460 per tonne today. LME aluminium cash (bid) price and LME official settlement price grew for the third...
Vedanta’s aluminium products prices witness a back-to-back hike of INR1750/t on June 24
Vedanta Limited increased its aluminium ingot and aluminium products prices for the second day in a row with effect from Thursday, June 24. The company raised its aluminium wire rod price by INR 1,750 per tonne to INR 212,750-220,250 per tonne on June 24, followed by a hike of INR 1,500 per tonne...
Aluminium billet inventories in China drop 3500 tonnes to stand at 97,300 tonnes on June 24
Aluminium billet inventories in China have dropped by 3,500 tonnes week-on-week across the five major consumption areas to come in at 97,300 tonnes on Thursday, June 24. Last week on June 17, aluminium billet inventories stood at 100,700 tonnes, registering a week-on-week increase of 12,400 tonnes....
Primary aluminium inventories in China fall 16,000 tonnes this week to 874,000 tonnes: SMM
According to the Shanghai Metals Market, China’s social inventories of primary aluminium have continued to decline this week ending on Thursday, June 24. SMM data found the inventories fell 16,000 tonnes to come in at 874,000 tonnes compared to 890,000 tonnes last week on June 17. The chart below...
LME aluminium price extends growth to US$2386.50/t; SHFE price remains restrained at US$2896/t
Three-month LME aluminium increased 0.33 per cent to close at US$ 2,433 per tonne in the overnight trading yesterday, with open interest down 1,541 lots to 694,000 lots, and is expected to trade between US$ 2,400-2,460 per tonne today. LME aluminium cash (bid) price and LME official settlement...
Aluminium alloy (A356) price declines by RMB100/t after two consecutive days of rise; Primary aluminium price reduces to RMB18660/t
According to the Shanghai Metals Market, aluminium alloy (A356) price in China has recorded a decrease of RMB 100 per tonne on Thursday, June 24, after the past two consecutive days of hike from RMB 18,950 per tonne to RMB 19,350 per tonne. The decline today has brought the aluminium alloy price to...
NALCO sharply cuts its aluminium ingot price by INR6250/t with effect from June 22
National Aluminium Company Limited (NALCO) slashed its aluminium ingot and aluminium product prices by INR 6,250 per tonne with effect from June 22. That brought the company’s aluminium ingot price at INR 199,450-202,950 per tonne compared to 205,650-209,150 per tonne on June 11. NALCO’s aluminium...
Hydro Husnes back at full capacity; 200 electrolysis cells to produce 195,000 tonnes of aluminium put into operation
This week, Hydro CEO Hilde Merete Aasheim, the mayor of Kvinnherad Municipality, and representatives from Industri Energi and Norsk Industri graced Hydro Husnes with their presence to mark the full operation of the plant for the first time in more than a decade. “I have been looking forward to...
China to auction 50,000 tonnes of aluminium from state reserves in the first batch of bidding on July 5-6
On Tuesday, June 22, China’s state reserves administration said it would publicly auction 100,000 tonnes of non-ferrous metals early next month. In three separate notices, the National Food and Strategic Reserves Administration said that it would auction 20,000 tonnes of copper, 30,000 tonnes of...
Hindalco Industries continues to cut its aluminium ingot price by INR1500/t with effect from June 22
Hindalco Industries Limited reduced its aluminium ingot and aluminium product prices for the fourth time in a row with effect from Wednesday, June 22. The company cut its aluminium ingot price by INR 1,500 per tonne to INR 202,250 per tonne on June 22. On June 19, the price stood at INR 203,750 per...
China’s A00 aluminium ingot price extends growth to RMB18770/t; Aluminium alloy(A356) price closes US$200/t higher
A00 aluminium ingot price in China has extended its growth by RMB 260 per tonne to come in at RMB 18,770 per tonne on Wednesday, June 23, found the Shanghai Metals Market. On Tuesday, June 22, the price stood at RMB 18,510 per tonne, reflecting an increase of RMB 130 per tonne. The average prices...
LME aluminium price closed higher at US$2375.50/t after five days of decline; SHFE price extended hike to US$2896/t
Three-month LME aluminium rose 1 per cent to close at US$ 2,426 per tonne last night, with open interest down 4,002 lots to 696,000 lots, and is expected to trade between US$ 2,400-2,460 per tonne today. LME aluminium cash (bid) price and LME official settlement price recorded a rise of US$ 22 per...
