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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Vedanta cuts its aluminium ingots price after three hikes in a row
Vedanta has decreased its aluminium ingot and billet price after hiking them for the third time in a row. With effect from May 9, the prices of some ingots are in the range of INR 130,500-143,500 per tonne. This marks an decrease of INR 1000 per tonne or 0.76% from INR 131,500-144,500 per tonne on...
A00 aluminium ingot price extends decline by RMB130/t; Aluminium alloy(A356) price down by RMB100/t
According to Shanghai Metals Market, the A00 aluminium ingot price has recorded a steep decline of RMB 130 per tonne to stand at RMB 12,840 per tonne on Friday, May 8. This marks the second consecutive decline following incessant rise, with an intermittent restraint, ranging between RMB 12,510 per...
A00 aluminium price registers a drop of RMB10/t; expected to range at RMB12950-12990/t
A00 aluminium ingot price registered a drop of RMB 10 per tonne or 0.08 per cent from Wednesday’s price of RMB 12980 per tonne. The price now stood at RMB 12970 per tonne and is expected to move within a range of RMB 12950-12990 per tonne. Spot aluminium contract is likely to be traded at a premium...
NALCO’s aluminium prices further reduce with effect from May 1, 2020
National Aluminium Co Ltd has extended its aluminium price cut with effect from last Friday, May 1, 2020. The prices of aluminium ingots are now, thus, ranging between INR 135,150 per tonne and INR 138650 per tonne, in contrast to INR 142,150-145,650 per tonne, as of April 23. With the latest cut,...
The uneven movement of Finland’s Aluminium ingot importation market during 2017-20
Finland is a Northern European nation bordering Sweden, Norway and Russia. Its capital, Helsinki, occupies a peninsula and surrounding islands in the Baltic Sea. The economy of Finland is a highly industrialised, mixed economy with a per capita output similar to that of other western European...
LME aluminium price lowered at US$1460.5/t on April 30 while opening stock remained flat
Benchmark aluminium price on London Metal Exchange dropped by US$ 3.5 per tonne from US$ 1464 per tonne to US$ 1460.5 per tonne, as of Thursday, April 30. Both LME aluminium cash (bid) price and LME official settlement price declined from US$ 1464 per tonne on April 29 to US$ 1460.5 per tonne on...
Bauxite price in Shanxi drops 6.4%; A00 aluminium ingot price up by RMB200/t
The average Bauxite (4.5≤Al/Si ＜5.5) price in Shanxi stands at RMB 365 per tonne on Wednesday, 29 April 2020, down RMB 25 per tonne or 6.41 per cent, after remaining flat at RMB 390 per tonne since April 15. The average price is expected to move within a range of RMB 350-RMB 380 per tonne. The...
Vedanta increases its aluminium ingot prices by INR1500/t
Vedanta has increased the aluminium ingot price by nearly 1% for the third time in a row. With effect from April 25, the prices of some ingots are in the range of INR 131,500-144,500 per tonne. This marks an increase of INR1500 per tonne from INR 130,000-143,000 per tonne on April 21. With the...
NALCO cuts aluminium ingots price with effect from April 23
National Aluminium Co Ltd has cut the prices of its aluminium ingots for the fourth time in a row. With effect from Thursday, April 23, the prices of ingots came in at INR 142,150-145,650 per tonne, down nearly 1% from 143,150 per tonne-146,650 per tonne on April 17. With the latest cut, the price...
Alumina price rises further to RMB2133/t; A00 aluminium ingot price up by RMB50/t
Average spot alumina price has continued their upward track and stood at RMB 2133 per tonne on Monday, 27 April 2020, registering an increase of 0.38% from RMB 2125 per tonne. The alumina prices remain unchanged across all major markets in China, except south. The average prices of Alumina-East,...
China’s A00 aluminium ingot price records a fall of RMB30/t; Average alumina spot price remains restrained
After soaring by RMB 230 per tonne, the A00 aluminium ingot price has recorded a downfall of RMB 30 per tonne to stand at RMB 12,460 per tonne, as of Friday, April 24, found Shanghai Metals Market. The average prices are expected to range between RMB 12,440 per tonne and RMB 12,480 per tonne, with...
NALCO’s aluminium ingot price stands at INR 143,150-146,650/t
National Aluminium Co Ltd has cut the prices of its aluminium ingots. With the latest cut, the prices of ingots came in at INR 143,150 per tonne to INR 146,650 per tonne, with effect from Friday, April 17. The price of aluminium billets is currently hovering at INR 146,600 - INR 149,250 per tonne....
A00 aluminium ingot price stands higher at RMB12490/t; Al Fluoride price down by RMB450/t
A00 aluminium ingot price has increased to stand at RMB 12490 per tonne on Thursday, 23 April 2020, from its previous price of RMB 12260 per tonne. This marks a growth of RMB 230 per tonne or 1.88 per cent. The price is expected to range within RMB 12470-12510 per tonne. Spot aluminium price is...
Iran looks to upsurge aluminium production to a new dimension: A new project in the southern part is bracing
A new aluminium project is to set in motion in the southern part of Iran and this will upsurge the nation’s production size to 785,000 tonnes. Reza Rahmani, Iran’s Minister of Industry, Mine and Trade said: “The project has come with a price tag of more than $1.2 billion and will see 300,000 tonnes...
Vedanta hiked aluminium ingot prices with effect from April 21
Vedanta has hiked the aluminium ingot price by nearly 1%. With effect from April 21, the prices of some ingots are in the range of INR 130,000-143,000 per tonne, from INR 128,500-141,500 per tonne. With the latest hike, the price of billet currently stands at INR 138,000 per tonne. The Indian...
China's primary aluminium demand surges by 150,000-200,000 tonnes on weak scrap supply: Antaike
According to Antaike’s report on Wednesday, April 22, China’s primary aluminium demand has surged by an extra 150,000 to 200,000 tonnes over the past one month, owing to aluminium scrap shortage caused by the coronavirus outbreak. Aluminium scrap supplies have weakened since the end of the Lunar...
Hindalco raises its aluminium ingot price by INR 3,500/t after five cuts in a row
Hindalco Industries Ltd has increased the prices of its aluminium ingots, billets and wire rods after cutting them five times in a row. With effect from April 17, the price for Hindalco aluminium ingots now stands at INR 134,500 per tonne, an increase of 2.67% or INR 3,500 per tonne from INR...
Alumina price in China shows restraint at RMB2123/t; A00 aluminium ingot price remains muted too at RMB12260/t
After rising the past two days in a row from RMB 2,064 per tonne to RMB 2,123 per tonne, the average alumina spot price in China has decided to remain restrained today, on April 22, according to Shanghai Metals Market. Even in the major markets in the east, central, north, and south China, the...
