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,...
Grow with
AL Circle
Vedanta hikes aluminium ingot price by INR 2500/t with effect from June 6
Vedanta has raised its aluminium ingot and billets price by 2% on Saturday. This marks the second consecutive hike in price of same products. With effect from Saturday, 06 June 2020, the prices of some aluminium ingots are in the range of INR 135,500-148,500 per tonne, marking an increase of INR...
Weekly update: The week saw a flat alumina price trend; A00 aluminium ingot price witnessed mixed performance
The alumina price in China continued to remain flat over the week. The price started the week with an increase of RMB 7 per tonne to stand at RMB 2220 per tonne. On Wednesday, June 3, the average spot price of alumina stood RMB 16 per tonne higher at RMB 2236 per tonne, after remaining restrained...
A00 aluminium ingot price drops by RMB20/t on slower consumption; Australian alumina FOB price grows by US$2/t
On the weak consumption of domestic primary aluminium in China that led to a slower decline in inventories on June 4, the A00 aluminium ingot price has recorded a drop of RMB 20 per tonne to stand at RMB 13,480 per tonne on Friday, June 5, found Shanghai Metals Market. The average prices are...
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...
A00 aluminium ingot price climbs by RMB 110/t; Aluminium alloy (A356) price stands at RMB14200/t
A00 aluminium ingot price climbed by RMB 110 per tonne or 0.82 per cent from Wednesday’s price of RMB 13390 per tonne, after two days of decrease. The price now stood at RMB 13500 per tonne today and is expected to move within a range of RMB 13480-13520 per tonne. Spot aluminium contract is likely...
Hindalco’s aluminium ingot price stands at INR 131,500/t with effect from June 3
Hindalco Industries Ltd has continued to cut prices of its aluminium ingots, billets and wire rods by 1%.This marked the second consecutive cut in price of the same products. With effect from June 3, the price for Hindalco aluminium ingots now stands at INR 131,500 per tonne, a decrease of 1.13% or...
Hindalco cuts aluminium ingot price by 2% after three consecutive hikes
Hindalco Industries Ltd has cut prices of its aluminium ingots, billets and wire rods by 2% after hiking them for the third time in a row. With effect from June 1, the price for Hindalco aluminium ingots now stands at INR 133,000 per tonne, a decrease of 2.03% or INR 2,750 per tonne from INR...
A00 aluminium ingot price drops after three days of rise; Aluminium alloy (A356) price stands at RMB14100/t
A00 aluminium ingot price dropped by RMB 80 per tonne or 0.59 per cent from Monday’s price of RMB 13480 per tonne, after three days of increase. The price now stood at RMB 13400 per tonne today and is expected to move within a range of RMB 13380-13420 per tonne. Spot aluminium contract is likely to...
Hindalco’s aluminium ingot price stands at INR 135,750/t with effect from May 30
Hindalco Industries Ltd has raised prices of its aluminium ingots, billets and wire rods by more than 1%. This marked the third consecutive hike in price of the same products. With effect from May 30, the price for Hindalco aluminium ingots now stands at INR 135,750 per tonne, an increase of 1.5%...
Alumina price in China up by RMB9/t; Al Fluoride price down by RMB200/t
The average spot alumina price in China is up by RMB 9 per tonne or 0.41 per cent on Friday, 29 May 2020. Alumina price stands at RMB 2213 per tonne, after a decline of RMB 2 per tonne on May 28. Alumina prices remain unchanged across all major markets in China, except North. Alumina price in North...
Primary aluminium inventories in China continue to fall sharply by 86,000 tonnes on May 28
China's social inventories of primary aluminium ingots have expanded their decline today, on May 28, by 7,000 tonnes from the previous week, found Shanghai Metals Market. Last week, on May 21, the inventories plunged by 79,000 tonnes, whereas this week they fell by 86,000 tonnes across eight major...
Vedanta hikes aluminium ingot price by INR 1250/t with effect from May 28
Vedanta has increased aluminium ingot and billets price on Thursday after cutting the price of same product by more than 1.5% on Wednesday, May 27. With effect from Thursday May 28, the prices of some aluminium ingots are in the range of INR 133,000-146,000 per tonne, marking an increase of INR...
Hydro’s primary aluminium plant resumes production line
Hydro announced that the company’s part-owned primary aluminium plant Albras has resumed production line in Brazil after a power outage earlier this year. The facility was operating a 25% reduced capacity after a fire in an electrical transformer in March. “The plant’s three other lines were...
Alumina price drops after nearly two weeks of restraint; A00 aluminium ingot price grows by RMB100/t
According to Shanghai Metals Market, the average spot price of alumina has dropped today, on May 28, after remaining restrained at RMB 2,206 per tonne for almost two weeks during May 14-27. The price is now hovering at RMB 2,204 per tonne, registering a decline of RMB 2 per tonne. However, except...
Vedanta cuts aluminium prices by more than 1.5% after three consecutive hikes last week
After raising aluminium prices for the three times in a row, Vedanta has reduced both aluminium ingots and billets prices as of Wednesday, May 27. After the cut, Vedanta’s aluminium ingot prices are ranging between INR 131,750 per tonne and INR 144,750 per tonne, down by INR 2,250 per tonne or 1.68...
Bauxite price in Guangxi declines 5.36%; A00 aluminium ingot price stands at RMB13360/t
The average Bauxite (6.5≤Al/Si＜7.5) price in Guangxi stands at RMB 265 per tonne on Tuesday, 26 May 2020, down RMB 15 per tonne or 5.36 per cent, after remaining flat at RMB 280 per tonne since May 12. The average price is expected to move within a range of RMB 230-RMB 300 per tonne. The average...
LME was closed on Monday for spring bank holiday; SHFE price expanded growth to US$1854/t
The US dollar edged higher against a basket of rivals on Monday, while oil prices eased on concerns over rising tensions between the US and China over Beijing’s plans to impose security laws on Hong Kong and the possibility of sanctions from Washington. The London Metal Exchange was closed on...
A00 aluminium ingot price begins the week with a hike of RMB110/t; Aluminium alloys prices grown by RMB100/t
Following the steep decline of RMB 310 per tonne on Friday, May 22, the A00 aluminium ingot price begins the week on Monday, May 25, with a rise of RMB 110 per tonne to reach at RMB 13,260 per tonne, found Shanghai Metals Market. The average prices are expected to range between RMB 13,240 per tonne...
