According to SMM statistics, as of September 17, aluminium billet inventory in major domestic consumption areas recorded 152,500 tonnes, down 500 tonnes from last Thursday (September 10) and down 5,000 tonnes from this Monday (September 14). The persistent upward trend in inventory since mid-August has shifted slightly, turning into a modest pullback from highs. On a Y-o-Y basis, inventory was approximately 17,500 tonnes higher than the same period in 2025, about 31,000 tonnes higher than 2024, and roughly 61,000 tonnes higher than 2023, with total inventory still at the highest level for the same period over the past four years. From the perspective of warehouse withdrawals, aluminium billet withdrawals during September 7–September 14 recorded 38,900 tonnes, up 2,800 tonnes W-o-W, ending...
Saudi Arabia’s aluminium consumption could climb to as much as 1.8 million tonnes a year by 2030, as the Kingdom ramps up infrastructure and industrial development ahead of the 2034 FIFA World Cup. Ahmad Al-Alshaikh, executive vice president of Maaden’s Aluminum Business Unit, said demand is expected to reach at least 1.6 million tonnes annually by 2030, up from around 1 million tonnes currently. Consumption could potentially double over the next five to seven years, he said. Speaking on the sidelines of the Fastmarkets International Aluminium Conference in Budapest, Al-Alshaikh said construction of 15 new stadiums for the football tournament is helping to support aluminium demand, Reuters reported. Major exhibitions and preparations for the World Cup are also expected to contribute to...
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Hindalco Industries Limited has sharply increased its aluminium ingot and aluminium products prices with effect from Tuesday, September 14, in tandem with the LME aluminium price leap to a new high in 13 years at US$3,000 per tonne on September 13. Hindalco has raised its aluminium ingot price by INR 10,500 per tonne to INR 250,250 per tonne, in comparison with INR 239,750 per tonne on September 10. Hindalco’s aluminium wire rod price has also built-up INR 10,500 per tonne on September 14 to come in at INR 261,350 per tonne. On Friday, September 10, the price was at INR 250,850 per tonne after increasing by 3,250 tonnes from the previous day. The company is currently selling its aluminium billets at INR 257,350 per tonne versus INR 246,850 per tonne on September 10. Hindalco Industries...
After recording a continuous rise in last one week surpassing RMB 23,000 per tonne, A00 aluminium ingot price in China has plummeted by RMB 530 per tonne on Tuesday, September 14, to settle at RMB 22,890 per tonne, found the Shanghai Metals Market. The average prices are expected to range between RMB 22,870 per tonne and RMB 22,910 per tonne, with spot contract to be traded at a premium price of RMB 70-30 per tonne. Among the main Chinese cities, Wuxi has seen the sharpest fall of RMB 595 per tonne to RMB 22,810 per tonne, followed by the plunge of RMB 590 per tonne in Hangzhou to stand at RMB 22,820 per tonne. In Foshan, A00 aluminium ingot price has decreased by RMB 560 per tonne to settle at RMB 22,940 per tonne, while the price in Chongqing and Gongyi has shrunk by RMB 535 per tonne...
The LME aluminium benchmark price leaped to a new milestone of US$3,000 per tonne, first time ever since 2008. Aluminium raw materials supply disruptions in Guinea coupled with production restrictions in China pushed the LME aluminium price to a 13-year high. However, both the LME aluminium cash (bid) price and LME official settlement price fell at 1450 GMT to as low as US$2,858 per tonne but closed the day higher at US$2,949 per tonne and US$2,950 per tonne, up 1.8 per cent from the previous day. The prices are likely to continue to grow, thanks to a rapid increase in China’s domestic alumina price and expected production cut at Yunnan Province during September-December. 3-month bid price and 3-month offer price grew to US$2,949.50 per tonne and US$2,950 per tonne, respectively. December...
According to the Shanghai Metals Market, China’s primary aluminium production in August 2021 dropped 1.52 per cent month-on-month to stand at 3.23 million tonnes. But on a year-on-year calculation, the output edged 1.25 per cent higher than 3.19 million tonnes. Aluminium liquid accounted for 66.7 per cent of China’s total aluminium output in August, a decrease of 0.3 percentage points from the previous month. From January to August, China’s primary aluminium production totalled 25.97 million tonnes, 6.78 per cent more than 24.32 million tonnes during the same period last year. The daily output averaged 104,000 tonnes, down 2,000 tonnes a day month-on-month but up 1,000 tonnes a day on year. The drop in daily as well as China’s monthly aluminium production could be attributed to the...
The Russian aluminum shipment abroad experienced a tenfold surge in July, says the data recorded by the Federal Customs Service. Compared to the year 2020 for the same period, the July exports amounted to $7.4 billion, meaning that the July exports surpassed three million tonnes. Previously this year, the Russian authorities had imposed a 15 percent tax or a minimum of $254 per tonne for the aluminum exports between August and December. The tariffs also target the foreign sales of ferrous and non-ferrous products like copper, nickel, aluminum, metals and metal products. Compared to the major metal and mining commodities, the global aluminum prices have reportedly increased by 40 percent since the beginning of the year. The increase in the price is due to the structural changes in the...
National Aluminium Company Limited has reported a sharp growth in aluminium ingot price and aluminium products prices with effect from Saturday, September 11. NALCO’s aluminium ingot price has witnessed a spike of INR 14,700 per tonne to INR 245,850-249,350 per tonne, in comparison with INR 231,150-234,650 per tonne on September 7. NALCO’s aluminium wire rod price is hovering around INR 248,350-252,700 per tonne with effect from September 11, also up by INR 14,700 per tonne from INR 248,350-252,700 per tonne on September 7. The company is selling its aluminium billets at INR 249,300-251,950 per tonne, up by 6.40 per cent from INR 234,600- 237,250 per tonne. NALCO has increased its aluminium ingot and aluminium products prices in line with the continuous rally in three-month futures of...
Three-month LME aluminium won 3.23 percent to close at US$2,927.5 per tonne in the overnight trading last Friday, with open interest losing 114 lots to 648,000 lots. On Friday, September 10, LME aluminium cash (bid) price and LME official settlement price climbed by US$79.5 per tonne or 2.82 per cent to come in at US$2,896 per tonne and US$2,896.50 per tonne, respectively. 3-month bid price and 3-month offer price were at US$2,906 per tonne and US$2,907 per tonne. December 22 bid price stood at US$2,783 per tonne and the offer price for the same day was at US$2,788 per tonne. LME aluminium opening stock for September 10 was 1317725 tonnes. Live warrants amounted to 829700, while cancelled warrants totalled 488025 tonnes. LME aluminium 3-month Asian Reference Price settled at US$2,869.50...
Shanghai aluminium prices have reached the highest level on Monday since 2008, fuelled by supply concerns in China, the world’s biggest consumer of the metal. Output curbs in China, the world’s biggest aluminium producer, and political turmoil in Guinea, China’s top source of bauxite, have further boosted China’s A00 aluminium ingot price by RMB 770 per tonne on September 13. According to the Shanghai Metals Market, the price is standing at RMB 23,420 per tonne, with average prices likely to range between RMB 23,400-23,440 per tonne. The spot contract is expected to range between RMB 100-60 per tonne. Among the main Chinese cities, Gongyi has seen the highest growth of RMB 780 per tonne to stand at RMB 23,260 per tonne, followed by the surge of RMB 760 per tonne in Foshan to reach at RMB...
This week, the global aluminium industry is shook by the military coup in Guinea on September 5, which has impacted the raw material supply to the metal industry. As a result, the primary aluminium production is facing a disruption, causing an incessant hike in prices. Both the global aluminium price and domestic price in China have seen a surge to a decade high. According to the Shanghai Metals Market, China’s domestic primary aluminium ingot price rose to a 13-year high, bolstered by the tight supply of the metal due to increased pressure on smelters to rationalise their power usage, coupled with political unrest in Guinea impacting the global raw material supply. On Thursday, September 9, China’s A00 aluminium ingot price soared by RMB 460 per tonne to reach at RMB 22,230 per tonne....
The third edition of AlCircle’s e-Magazine “Aluminium Industry 4.0: Drivers & Change Makers of 2021” is getting ready to be published this month. This denotes, that time is now to perceive from the key players of the aluminium value chain industry about the importance of Industry 4.0 or the Fourth Industrial Revolution in the manufacturing and industrial sector. The companies and associations that have already confirmed their participation in this E-magazine include Granco Clark, Fives, Mecfor, Gouda Refractories, ALUMEX, SECO/WARWICK, TVARIT and International Aluminium Institute. However, the AlCircle Team is still welcoming more companies and associations on the e-Magazine, in an endeavour to broaden the participation and outpace the global reach in this edition. Globally a large number...
Three-month LME aluminium opened at US$2,795.5 per tonne on Thursday morning and hit a multi-year high of US$2,848 per tonne before closing at US$2,836 per tonne, an increase of US$45 per tonne or 1.61 percent. Trading volume was 19,006 lots, and open interest increased by 2,413 lots to 648,000 lots. On Thursday, September 9, LME aluminium cash (bid) price and LME official settlement price jumped by US$42 per tonne to come in at US$2,816.50 per tonne and US$2,817 per tonne, respectively. 3-month bid price and 3-month offer price were at US$2,827 per tonne and US$2,828 per tonne. December 22 bid price stood at US$2,743 per tonne and the offer price for the same day was US$2,748 per tonne. LME aluminium opening stock for September 9 was 1325225 tonnes. Live warrants amounted to 839650...
According to the Shanghai Metals Market, China’s social inventories of primary aluminium grew 2,000 tonnes across eight major consumption areas on Thursday, September 9, following a downfall of 5,000 tonnes in the previous week. SMM data showed the inventories stood at 751,000 tonnes on September 9, compared to 749,000 tonnes on September 2. The chart below indicates the current status of primary aluminium inventories across China in more detail: The rise in primary aluminium inventories on September 9 was primarily contributed by Nanhai, Shanghai, and Tianjin. In Nanhai, primary aluminium inventories built up 8,000 tonnes to stand at 220,000 tonnes, followed by the growth of 2,000 tonnes in Shanghai to 73,000 tonnes. In Tianjin, inventories inched up by 1,000 tonnes to come in at 67,000...
China’s domestic primary aluminium price has continued to surge by RMB 420 per tonne to stand above RMB 22,500 per tonne after Alpha Conde, president of the Republic of Guinea, got detained by Special Forces in the capital, Conakry. Unrest within Guinea is putting further strain on the market as it supplies more than half of the ore imported by China, the top global producer of the metal. Till July 2021, Guinea supplied China with 55 per cent of its bauxite supply, according to analysts at ING. As per the latest data shown by the Shanghai Metals Market, A00 aluminium ingot price in China has reached as high as RMB 22,650 per tonne on September 10, with average prices expected to range between RMB 22,630 per tonne and RMB 22,670 per tonne. The spot contract is likely to be traded at a...
Hindalco Industries Limited has continued to increase its aluminium ingot and aluminium products prices for the fourth time in a row, with effect from Thursday, September 9. Hindalco’s aluminium ingot price has come in at INR 236,500 per tonne, up by INR 4,250 per tonne or 1.83 per cent from INR 232,250 per tonne on September 7. The company is currently selling its aluminium wire rod at INR 247,600 per tonne, also an increase of INR 4,240 per tonne from INR 243,350 per tonne on the previous day. Hindalco’s aluminium billets price also saw a hike of INR 4,250 per tonne from INR 239,350 per tonne on September 7 to INR 243,600 per tonne on September 9. Hindalco Industries Limited links its aluminium ingot and aluminium products prices to the three-month futures of aluminium on the London...
The tight supply of primary aluminium in the Chinese domestic market due to increased pressure on smelters to rationalise their power usage, added with political unrest in Guinea impacting the global raw material supply, has pushed the country’s A00 aluminium ingot price to a 13-year high. According to the Shanghai Metals Market, China’s primary aluminium ingot price has soared by RMB 460 per tonne to reach as high as RMB 22,230 per tonne on Thursday, September 9. The average prices are expected to range between RMB 22,210 per tonne and RMB 22,250 per tonne, with spot contract to be traded at a premium price of RMB 70-30 per tonne. Except for Tianjin and Linyi, the surge in A00 aluminium ingot price has touched upon all the other major cities. Chongqing has seen the sharpest growth of RMB...
Three-month LME aluminium opened at US$2,765 per tonne on Wednesday morning and ranged between US$2,758-2,810 per tonne before closing at US$2,791 per tonne, an increase of US$23 per tonne or 0.83 per cent. Trading volume was 18,734 lots, and open interest decreased by 5,410 lots to 646,000 lots. On Wednesday, September 8, LME aluminium cash (bid) price and LME official settlement price jumped by US$34.50 per tonne to come in at US$2774.50 per tonne and US$2,775 per tonne, respectively. 3-months bid price and 3-months offer price surged by US$33 per tonne to stand at US$2,792 per tonne and US$2,793 per tonne. Dec 22 bid price stood at US$2,720 per tonne and Dec 22 offer price hovered around US$2,725 per tonne. LME aluminium opening stock decreased from 1333625 tonnes to 1334225 tonnes....
On 8th September 2021, the world's largest manufacturer of low-carbon aluminium, Rusal confirms the appointment of former Chalco trader Deng Gang as its new Sales Director for the China market. Deng previously held the position as Head of China for Concord Resources and before that, from 2016-20 he was the Chief Marketing Officer for Chalco Trading Hong Kong Ltd., a unit of China's state-run aluminium maker Chalco. Deng has joined Rusal’s Shanghai office this week and will report to Roman Andryushin, Deputy General Director for Sales in Russia, CIS and China. He is countering a busy start in the job as several Chinese regions impose restrictions on aluminium producers, redirecting Shanghai aluminium prices SAFcv1 to 13-year highs on concerns of limited supply and boosting the import...
Vedanta Limited announced that it increased its aluminium ingot and aluminium products prices with effect from Tuesday, September 7, bringing its aluminium ingot price to INR 232,750-245,750 per tonne. That was an increase of INR 4,250 per tonne from INR 228,500-241,500 per tonne on September 3. Vedanta’s aluminium wire rod price also witnessed a hike of INR 4,250 per tonne from INR 236,000-243,500 per tonne on September 3 to INR 240,250-247,750 per tonne on September 7. The company’s aluminium billets price came in at INR 240,750 per tonne compared to INR 236,500 per tonne in the previous week. Vedanta Limited links its aluminium products and aluminium ingot prices to the three-month futures of aluminium on the London Metal Exchange, which over the 3-day time surged by US$49.50 per tonne...
