SHFE aluminium falls, East China premium pulls back
Today, the centre of SHFE aluminium futures fell from the previous trading day, market shipment sentiment was relatively pronounced, and overall spot aluminium transactions shifted to discounts. Today, market transactions for A00 aluminium ingot premiums were between a discount of RMB 40 per tonne...
Concerns over liquidity tightening ease marginally, aluminium prices are under pressure at high levels in the short term
Futures: SHFE aluminium closed at RMB 24,010 per tonne, down 0.62 per cent, with the price breaking below MA5 (around 24,160) but holding slightly above MA10 (23,988.5); short-term moving average support faces a test, while medium-term MA30 (23,469.5) and MA60 (23,699.67) remain in bullish...
Grow with
AL Circle
Hindalco expands its aluminium ingot price hike to INR143500/t with effect from July 10
Hindalco Industries Limited has further expanded the price hike of its aluminium ingot and aluminium product for the third consecutive day, with effect from Friday, July 10. With the latest hike, Hindalco’s aluminium ingot price is now standing at INR 143,500 per tonne, up by INR 3,250 per tonne or...
Nalco sharply increases its aluminium ingot price by nearly 4% w.e.f July 10 in line with upbeat global prices
National Aluminium Company (NALCO) has increased its aluminium ingot price sharply by INR 5,400 per tonne or 3.9 per cent with effect from Friday, July 10, following the cut on Wednesday, July 8, to INR 138,050-141,550 per tonne. Hence, the company’s aluminium ingot price is now hovering at INR...
Vedanta Ltd increases its aluminium ingot and billet prices by INR1250/t with effect from July 8
Vedanta Limited has increased its aluminium ingot and aluminium billet prices with effect from July 8, following the two consecutive cuts on July 1 and July 4. The aluminium ingot price has been raised by INR 1,250 per tonne or 1 per cent to INR 136,750-149,750 per tonne. After the last cut,...
TRFX Garuda Futures, Indonesia: Aluminium is expected to become Champion in the second half of 2020
Aluminium is forecasted to become the most liquid commodity in the third quarter of 2020 along with the increase that developed in the majority of other commodities. Ibrahim Suabi, Director, TRFX Garuda Futures stated that among other metal commodities, aluminium has a consistent strengthening...
LME aluminium price declined to US$1565.5/t on increasing opening stock; SHFE price continued to grow
The US dollar continued to trade lower against all of the European currencies on Tuesday ahead of the Federal Reserve’s monetary policy announcement. Three-month LME aluminium recovered after declined, but it failed to end higher on the day as it lost 0.12 per cent on the day at US$ 1,603 per...
Hindalco increases its aluminium prices by over 1% with effect from June 4
After two consecutive cuts this month, Hindalco has increased the prices of its aluminium ingots, billets, and wire rods by over 1 per cent, with effect from June 4, 2020. With the latest price hike, Hindalco’s aluminium ingot price has jumped to INR 133,250 per tonne, 1.33 per cent higher from INR...
Bearish global aluminium spot price encouraging investors to take part in metal storage trade
According to a recent survey, commodity investors are rushing to make profit from a surplus supply of aluminium. They are buying the metal to store and sell it for future delivery when millions of tonnes of lightweight metal are being produced across the world. As smelters are continuing to produce...
Three-month LME aluminium closed higher at US$1,721/t; SHFE 2003 contract gained for the fourth consecutive day
The US dollar rose to a four-month peak against of basket of major currencies on Friday. LME base metals fell across the board. LME aluminium fell 1.12%. Three-month LME aluminium pared some losses after slipped to an intraday low of US$1,706.5 per tonne on loaded-up shorts. It closed 1.12% lower...
Vedanta reduces aluminium products prices by nearly 1% for the fifth time
Vedanta Limited has reportedly reduced the prices of its aluminium products by nearly 1 per cent for the fifth time within two weeks. The cut is with effect from Wednesday, February 5, which brings the company’s aluminium products price to INR 135,250 per tonne to INR 148,250 per tonne, the lowest...
LME aluminium continued to increase on low opening stocks and dollar price; SHFE aluminium edged down
The US dollar edged lower against a basket its rivals on Monday, holding near a one-month high after last Friday’s jump on data that confirmed the US economy is holding up well. Moves were slight and volumes thin as Lunar New Year approaches in Asia and with US markets closed for Martin Luther King...
Nalco cuts aluminium ingots prices by nearly 2% after three hikes in a row
National Aluminium Company Limited, the Navratna CPSE under Ministry of Mines, has reportedly cut its aluminium ingots prices by nearly 2 per cent, after hiking them three times in a row. The prices are now ranging between INR 150,350 per tonne and RMB 153,850 per tonne, compared to INR 152,850 –...
LME aluminium price records a drop of US$0.50/t, while SHFE grows by US$10/t
The US dollar eased against a basket its rivals on Friday, as investors digested the news of the US imposing fresh sanctions on Iran and weaker-than-expected US jobs data. As on Friday January 10, LME aluminium cash (bid) price continued to drop to stand at US$1770 per tonne, while LME official...
LME aluminium dipped to US$1771.50/t on rising trend of US dollar; SHFE extends growth
The US dollar index, which measures the greenback against a basket its rivals, rose on Wednesday, as investors grew more optimistic that Iran’s attack on US forces in Iraq was unlikely to escalate into a full-blown regional conflict. Three-month LME aluminium extended its decline on Wednesday,...
LME remained closed on Wednesday for NYD holiday; likely to trade at US$1,800-1,840/t
The US dollar dipped to a near three-week low against the yen in thin year-end trades on Tuesday. The dollar index, which tracks the greenback against a basket of other currencies, finished slightly up at 96.51. LME base metals mostly fell while the SHFE complex traded on a mixed note on Tuesday....
Hindalco increases its aluminium prices by over 1 per cent after two consecutive cuts
After two consecutive cuts, Hindalco Industries Limited has reportedly increased the prices of aluminium ingots, billets and wire rods, with effect from Friday, December 20. From INR 141,500 per tonne, the company's aluminium ingots price has been increased by 1.23 per cent to INR 143,250 per...
Hindalco reduces aluminium prices by more than 1 per cent this week
Hindalco Industries Limited has reportedly reduced the prices of aluminium ingots, billets and wire rods for the second time this week. With effect from Wednesday, the prices are cut by more than 1 per cent. While the ingot price is reduced from INR143,250 per tonne, as on last Friday, December 6,...
Hindalco hikes prices of its aluminium products sixth time in a row
Hindalco Industries Ltd has hiked the prices of its aluminium products for the sixth time in a row, which has taken its prices to their highest level since late March, trade sources told Cogencis. The company has hiked product prices by more than 1% with effect from Saturday, and the products now...
LME aluminium recovered losses last night after dipping low over the day; SHFE continues its flat trend
The US dollar fell against a basket of major currencies, reversing earlier gains. The dollar index, which tracks the greenback against a basket of other currencies, fell 0.16% and ended at 97.31. LME base metals and the SHFE complex mostly fell. LME aluminium gained 0.46% and SHFE aluminium edged...
