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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Alumina price in China drops by RMB10/t; A00 aluminium price stands at RMB11520/t
The average spot alumina price in China has extended drop by RMB 10 per tonne from Tuesday to stand at RMB 2333 per tonne on Wednesday, 01 April 2020. Alumina prices have decreased across in East and Central markets in China. The prices of alumina in East and Central markets have dropped by RMB 20...
Bauxite price in Shanxi falls more than 7%; Australian alumina FOB price slips USD 9/t
As updated by Shanghai Metals Market, the average Bauxite (4.5≤Al/Si＜5.5) price in Shanxi stands at RMB 415 per tonne on Tuesday, 31 March 2020, down RMB 35 per tonne or 7.78 per cent, after remaining flat at RMB 450 per tonne since March 10. The average price is expected to move within a range of...
Vedanta cuts aluminium ingot price for the fifth time in row
Vedanta’s aluminium ingot and billet price fell for a fifth straight day on Friday, March 27. With effect from March 27, the prices of some ingots were in the range of INR 128,500-141,500 per tonne, down from INR 131,750-144,750 per tonne on March 24. The price of billet stood at INR 136,500 per...
Chinese alumina spot price starts the week with a decline of RMB33/t; A00 aluminium ingot price dwindles by RMB50/t
Since the middle of March, the average alumina spot price has been incessantly trending down, and today is of no exception. According to Shanghai Metals Market, the alumina spot price in China has shrunk by RMB 33 per tonne to stand at RMB 2,370 per tonne, as of Monday, March 30. The decline rate...
Hindalco cuts its aluminium ingot price by INR 3,500/t with effect from March 27
Hindalco Industries Limited has cut the prices of its aluminium ingots, wire rods, and billets for the fifth time in a row. With effect from March 27, the price for Hindalco aluminium ingots now stands at INR 131,000 per tonne, a drop of 2.6% or INR 3,500 per tonne from INR 134,500 per tonne on...
Average alumina spot price in China ends the week with a drop of RMB18/t, while A00 aluminium ingot price remains restrained
The average alumina spot price in China on the last day of the week, dated March 27, has recorded a downfall of RMB 18 per tonne to stand at RMB 2,403 per tonne. In the east and north, the price has dwindled by RMB 20 per tonne to RMB 2,400 per tonne, while that in the central has plunged by RMB 15...
Vedanta cuts its aluminium ingot price by 2%
Vedanta has cut the prices of its aluminium ingots and billets for the fourth time in a row. With effect from March 24, the prices of some ingots are in the range of INR 131,750-144,750 per tonne, down from INR 134,250-147,250 per tonne on March 19. The company is now selling its billet at INR...
Hindalco reduces its aluminium ingot price by 2% with effect from March 24
Hindalco Industries Limited has dropped the prices of its aluminium ingots by 1.65%, the fourth consecutive cut in price. With effect from March 24, the price for Hindalco aluminium ingots now stands at INR 134,500 per tonne, from INR 136,750 per tonne, on March 19. The prices of wire rods and...
Hike in A00 aluminium ingot and aluminium alloy prices indicates growth in demand and purchase
After remaining restrained at RMB 11,220 per tonne on March 24, followed by a havoc downfall of RMB 570 per tonne on the preceeding day, the A00 aluminium ingot price today, on March 25, has gained RMB 110 per tonne to stand at RMB 11,330 per tonne, found Shanghai Metals Market. The average prices...
Primary aluminium inventories gained 17,000 tonnes over the weekend ended March 23
According to Shanghai Metals Market, the social inventories of primary aluminium ingots rose by 17,000 tonnes over the weekend across eight major consumption areas in China, including SHFE warrants, as of Monday, March 23. The price thus, came in at 1.664 million tonnes, in contrast to 1.647...
Average alumina spot price extends decline by RMB33/t; Prices of A00 aluminium ingot, aluminium alloys remain restrained
The average alumina spot price has extended decline by RMB 33 per tonne to stand as low as RMB 2,498 per tonne, as of Tuesday, March 24, found Shanghai Metals Market. In the east and central, the price has inched down by RMB 40 per tonne to hover at RMB 2,500 per tonne and RMB 2,510 per tonne,...
Hammerer Aluminium bags ASI Performance Standard Certification for its re-melting and casting plant in Ranshofen
Hammerer Aluminium Industries' re-melting and casting facility in Ranshofen, Austria, has been awarded ASI Performance Standard Certification. The news arrived after Aluminium Stewardship Initiative announced that it certified Hammerer Aluminium with its performance certification. The plant...
COVID-19 wrecks aluminium prices and input costs in China: Primary ingot price declines by RMB570/t and alumina price by RMB32/t
A00 aluminium ingot price has again recorded a sharp decline of RMB 570 per tonne to stand to the further lowest at RMB 11,220 per tonne on Monday, March 23, according to Shanghai Metals Market data. On Thursday, March 19, the price had recorded a decrease of RMB 790 per tonne to RMB 11,730 per...
Alumina price in China stands lower at RMB2564/t; Prices of aluminium ingot and aluminium alloy register growth
According to Shanghai Metals Market, the average spot alumina price has further recorded a decline of RMB 2 per tonne to stand at RMB 2,564 per tonne, as of Friday, March 20. In the north, the price has dwindled by RMB 5 per tonne to RMB 2,570 per tonne. In the east, central, and south, however,...
Hindalco cuts its aluminium ingot price by 1.26% with effect from March 19
Hindalco Industries Limited has reduced the prices of its aluminium ingots by 1.26%. With effect from March 19, the price for Hindalco aluminium ingots now stands at INR 136,750 per tonne, from INR 138,500 per tonne on March 18. This is the third time in a row that the company has dropped the...
54,000 tonnes gain in primary aluminium inventories in China pushes down the ingot price to the lowest
According to Shanghai Metals Market, the social inventories of primary aluminium ingots have gained 54,000 tonnes over the week ended March 19, across eight major consumption areas in China, including SHFE warrants. The inventories are thus, now 1.647 million tonnes, in contrast to 105,000 tonnes...
China's alumina price extends drop by RMB5/t on increased demand for imported raw material; A00 aluminium ingot price falls by RMB140/t
According to Shanghai Metals Market, the average alumina spot price in China has extended drop today, March 17, for the second day in a row by RMB 5 per tonne to RMB 2,568 per tonne. In the north, the price has declined by RMB 10 per tonne to RMB 2,575 per tonne, while that in the east, central,...
Inventories of primary aluminium up by 38,000 tonnes over the weekend
Shanghai Metals Market found social inventories of primary aluminium ingots increased 38,000 tonnes over the weekend ended Monday, March 16, across eight major consumption areas, including SHFE warrants. The inventories stood at 1.631 million tonnes in contrast to 1.559 million tonnes on Monday,...
