Aluminium prices drift higher as September peak season operations recover amid low inventory
Futures: The most-traded SHFE aluminium contract opened at RMB 24,400 per tonne in the night session on September 7, reached a high of RMB 24,470 per tonne and a low of RMB 24,335 per tonne, and closed at RMB 24,450 per tonne, up 30 from the previous close, a gain of 0.12 per cent. Prices traded...
Macro disturbances cap upside room, while destocking continues to support aluminium price stabilisation
Futures: The most-traded SHFE aluminium contract opened at RMB 24,240 per tonne in the night session on September 4, with a high of RMB 24,355 per tonne, a low of RMB 24,220 per tonne, and a close of RMB 24,320 per tonne, up 0.12 per cent from the previous close. Futures stabilised and rebounded,...
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LME aluminium price closed lower at US$1679.50/t, SHFE increased by US$20/t
Three-month LME aluminium closed 2.02 per cent higher at US$ 1,744.5 per tonne on Monday, August 3. Both LME aluminium cash (bid) price and LME official settlement price, as of Monday, August 3, decreased by US$ 6 per tonne to stand at US$ 1679.50 per tonne. 3-months bid price and 3-months offer...
NALCO’s aluminium ingots price stands at INR 145,700 – 149,150/t with effect from August 1
National Aluminium Company Limited (NALCO) has increased its aluminium products price for second time in a row. With effect from Saturday August 1, NALCO's aluminium ingots price stood at INR 145,700 – 149,150 per tonne, registering a hike of INR 200 or 1.39 per cent from INR 143,700-147150 per...
Prebaked anode price in China grows after a month to stand at RMB2930/t, A00 aluminium ingot price falls by RMB120/t
According to the Shanghai Metals Market, the prebaked anode price in East China has recorded a hike of RMB 180 per tonne to stand at RMB 2,930 per tonne on August 3, marking a rise in the last one month since an increase of RMB 80 per tonne to RMB 2,750 per tonne on July 1, 2020. The average prices...
Vedanta’s aluminium ingot selling price is now at INR144000-157000/t after a hike w.e.f July 30
Vedanta Limited has continued to hike its aluminium ingot and aluminium product prices, following the growth on July 24. The latest hike in price came into effect on July 30, marking the second consecutive increase in Vedanta’s aluminium prices. Vedanta is now selling its aluminium ingot at INR...
Aluminium ingot price in Foshan rises by RMB 10/t to stand at RMB 14940/t
A00 aluminium ingot price remained unchanged at RMB 14990 per tonne. The price is expected to move within a range of RMB 14970-15010 per tonne. Aluminium ingot price in Foshan registered an increase of RMB 10 per tonne from Thursday’s price of RMB 14930 per tonne. The price now stood at RMB 14940...
Hindalco’s aluminium ingot price stands at INR 145,250 per tonne with effect from July 30
Hindalco Industries Ltd has raised its aluminium products price for the second time in a row. With effect from Thursday July 30, Hindalco aluminium ingots price now stands at INR 145,250 per tonne, an increase of 1.4% or INR 2,000 per tonne from INR 143,250 per tonne on July 24. The company is now...
Tianjin Zhongwang Aluminium Co., Ltd. plant certified against Aluminium Stewardship Initiative Chain of Custody Standard
Tianjin Zhongwang Aluminium Co., Ltd. has been certified against the ASI Chain of Custody Standard for its operations in Tianjin, China. The operations include casting, hot and cold rolling, finishing and annealing with outputs of ingot, thick plate, sheet and coil products. The company...
A00 aluminium ingot price jumps by RMB210/t marking the fourth consecutive hike; Alumina spot price continues to plunge
The A00 aluminium ingot price has jumped by RMB 210 per tonne on Thursday, July 30, to stand at RMB 14,990 per tonne, marking the fourth consecutive hike this week, found the Shanghai Metals Market. Limited supplies and fair consumption of primary aluminium ingots, resulting in incessant drops in...
Finland’s export of Aluminium ingot reveals consistent growth during 2017-20
Finland is often ranked number one for being the happiest country in the world, as the Finns have high incomes, health care for all, and a top education system. The major industries that contribute highly to the economy of Finland are metals and metal products, electronics, machinery and scientific...
Aluminium Association of India: Solicits 12-13% tax refund rate under new export scheme adducing high burden of un-rebated taxes
The major players of the Indian Aluminium industry body have solicited a top tax refund rate of 12-13% under a suggested export scheme, emulated to the 2% receivables under the existing one. The Aluminium Association of India adds up Hindalco Industries, Bharat Aluminium Company, National Aluminium...
Nalco increases its aluminium ingot price by nearly INR3000/t with effect from July 24
National Aluminium Company has increased its aluminium ingot and aluminium product prices with effect from Friday, July 24, following a cut of nearly 2 per cent with effect from July 18. With the latest hike, Nalco’s aluminium ingot price has come in at INR 143,700-147150 per tonne, up INR 2,950...
Hindalco increases its aluminium prices by INR2000/t after a cut last week
Hindalco has hiked its aluminium ingot and aluminium product prices by INR 2,000 per tonne or 1.42 per cent with effect from Friday, July 24, following a cut last week on July 17. With the latest increase in price, Hindalco is selling its aluminium ingot at INR 143,250 per tonne, compared to INR...
Vedanta increases aluminium ingot price by 1% w.e.f from July 24 in line with the uptrend in LME aluminium price
Vedanta Limited has increased its aluminium ingot and aluminium product prices with effect from Friday, July 24, following a cut last week on July 17. With the latest hike, the company’s aluminium ingot price is now ranging between INR 141,750 per tonne and INR 154,750 per tonne, up INR 1,750 per...
Primary aluminium inventories in China continue W-o-W decline to stand at 702,000 tonnes
According to Shanghai Metals Market, the social inventories of primary aluminium ingots have extended week-on-week decline on July 23 across eight major consumption areas, including SHFE warrants. Declining by 6,000 tonnes from the previous week, the inventories today have come in at 702,000...
A00 aluminium ingot price inches up by RMB 30/t; Aluminium alloy (A356) price stands at RMB15150/t
A00 aluminium ingot price climbed by RMB 30 per tonne from Wednesday’s price of RMB 14520 per tonne. The price now stood at RMB 14550 per tonne on Thursday, 23 July 2020 and is expected to move within a range of RMB 14530-14570 per tonne. This marks the second consecutive rise in aluminium ingot...
A00 aluminium ingot price grows by RMB110/t with premium spot price lowered at RMB130-170/t, Australian alumina FOB price down to $281/t
According to the Shanghai Metals Market, the A00 aluminium ingot price has increased by RMB 110 per tonne to RMB 14,520 per tonne on Wednesday, July 22, following a decline from RMB 14,480 per tonne to RMB 14,410 per tonne on the previous day. Today, the average prices are expected to range between...
China’s secondary aluminium operating rates fell nearly 1% in June on lower domestic downstream demand
According to the Shanghai Metals Market data, China's average secondary aluminium operating rates in June fell 0.7 percentage point to 48 per cent month-on-month. In May, the operating rates were 48.69 per cent after growing by 1.6 percentage points from the previous month. Year-on-year, China’s...
A00 aluminium ingot price slipped by RMB 70/t; Aluminium alloy (A356) price decreased to stand at RMB 15000/t
A00 aluminium ingot price registered a decrease of RMB 70 per tonne from Monday’s price of RMB 14480 per tonne. The price now stood at RMB 14410 per tonne on Tuesday, 21 July 2020 and is expected to move within a range of RMB 14390-14430 per tonne. In Foshan and Wuxi, the price dropped by RMB 110...
