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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A00 aluminium ingot price extends decline by RMB100/t on rising inventory trend; Aluminium alloy (A356) price drops too
After a rise of 14,000 tonnes in primary aluminium inventories on Monday, January 13, the A00 aluminium ingot price has further recorded a decline of RMB 100 per tonne to RMB 14,300 per tonne, as of January 14, according to Shanghai Metals Market. The average prices are expected to range between...
Alumina price stands higher at RMB 2454/t; A00 aluminium price drops after three days of rise
The average spot alumina price stands at RMB 2454 per tonne on Monday, 13 January 2020, an increase of RMB 8 per tonne or 0.33 per cent from RMB 2446 per tonne on January 10. The alumina prices in China have increased in all major markets, except South. The average prices of Alumina-East and...
Alumina price in China grows by RMB9/t after week-long restraint; A00 aluminium price marks third rise in a row
After remaining restrained for a week at RMB 2,437 per tonne, the average alumina spot price has recorded an increase today, on January 10, of RMB 9 per tonne to RMB 2,446 per tonne, found Shanghai Metals Market. The alumina price in the east, central, and north has climbed up by RMB 10 per tonne...
Vedanta raised aluminium ingots price by 2%
Vedanta has increased the prices of aluminium ingots by about 2% with effect from Tuesday, January 7. The price for Vedanta aluminium now stands at INR 145,000-158,000 per tonne. The company generally links prices of its products to the three-month futures of aluminium on London Metal Exchange. The...
Hindalco hiked aluminium ingots price by more than 2% with effect from January 7
Hindalco Industries Ltd has increased the prices of aluminium ingots, billets, and wire rods by more than 2%, after cutting them by more than 1% in the previous week. With effect from January 7, the aluminium ingot price now stands at INR 147,250 per tonne, up an increase of 2.43% from INR 143,750...
A00 aluminium ingot price records a marginal growth of RMB10/t today after three consecutive rises
After three consecutive declines ranging between RMB 14,560 per tonne and RMB 14,450 per tonne on January 3, 6, and 7, the average A00 aluminium ingot price has recorded a marginal rise of RMB 10 today, on January 8, to stand at 14,460 per tonne. The average prices are expected to range between RMB...
NALCO raises its aluminium ingot prices for the third time in a row
The National Aluminium Co. Ltd. raises the price of its aluminium ingots third time in a row. The Government of India owned aluminium producer has hiked the prices of its ingots by 2% approximately, and the cost now stands at INR 152,850 – 156,350 per tonne. As considered most of the aluminium...
A00 aluminium ingot price extends drop by RMB90/t; Aluminium Alloy (A356) price stands at RMB15150/t
A00 aluminium ingot price edged lower by RMB 90 per tonne or 0.62 per cent to stand at RMB 14450 per tonne on Tuesday, 07 January 2020, from Monday’s price of RMB 14540 per tonne. This marked the third consecutive fall in aluminium ingot price. The price is expected to range at RMB 14430-14470 per...
Hindalco and Vedanta cut aluminium prices by 1% after two consecutive hikes
After raising prices two times in a row, Hindalco Industries Limited reduced the prices of aluminium ingots, billets, and wire rods by 1 per cent, with effect from Saturday, January 4. From INR 145,250 per tonne, as of December 25, Hindalco decreased the aluminium ingot price by 1.03 per cent to...
A00 aluminium ingot price was on upswing this week amidst primary aluminium inventories rise
After the downtrend since March 2019, the primary aluminium inventories recorded two consecutive rises this week, found Shanghai Metals Market. On Monday, December 30, the inventories grew by 2,000 tonnes over the weakened to stand at 594,000 tonnes, while on Thursday, January 2, it increased...
A00 aluminium price registers a drop after three days of rise; expected to range at RMB14540-14580/t
After a continuous rise for the past three days in a row, A00 aluminium ingot price declined by RMB 20 per tonne from its earlier price to RMB14580 per tonne on Friday, 03 January 2020. The price stood at RMB 14560 per tonne and expected to move within a range of RMB 14540-14580 per tonne. Spot...
Primary aluminium inventories record growth after downtrend since March 2019; A00 ingot price climbs up too
The social inventories of primary aluminium in China usher the year 2020 with a growth of 18,000 tonnes over the week, indicating a potential end to the continued inventory downtrend since March 2019. Thus, the stocks across eight major consumption areas, including SHFE warrants, as of today,...
Alumina price in China stands at RMB2437/t; Bauxite price in Henan slips by 2.44%
The average spot alumina price stands at RMB 2437 per tonne on Tuesday, 31 December 2019, up RMB 6 per tonne or 0.25 per cent from RMB 2431 per tonne on December 30. The average price of Alumina-North has increased by RMB 15 per tonne to stand at RMB 2450 per tonne. Source: Shanghai Metals Market...
China’s primary aluminium inventories rise by 2,000 tonnes over weekend
As updated by Shanghai Metals Market, social inventories of primary aluminium across eight consumption areas in China, including SHFE warrants, increased over the weekend stood at 594,000 tonnes as of Monday December 30. Stocks were up by 2,000 tonnes from last Thursday December 26. The chart below...
A00 aluminium ingot price begins the week with a growth of RMB80/t and aluminium alloy (A356) of RMB100/t
After two consecutive downfalls on 26 th and 27 th of December from RMB 14,580 per tonne to RMB 14,430 per tonne, the A00 aluminium ingot price has recorded a growth today, on December 30, of RMB 80 per tonne to stand at RMB 14,510 per tonne, found Shanghai Metals Market. The average prices are...
Vedanta and Hindalco raised price of aluminium ingots by 1% with effect from Wednesday December 25
Two major Indian aluminium producers Vedanta and Hindalco have raised their ingot prices in the domestic market. Vedanta has increased the prices of aluminium ingots by more than 1% with effect from December 25. The price for Vedanta aluminium now stands at INR 143,750-156,750 per tonne. This is...
Primary aluminium inventories continue to trend lower this week to 592,000 tonnes
According to Shanghai Metals Market, the social inventories of primary aluminium in China continued to decline this week. The stocks across eight consumption areas, including SHFE warrants, came in at 592,000 tonnes after decreasing by 12,000 tonnes over the week, as of Thursday, December 26. Last...
A00 aluminium ingot price stands RMB 14510/t; Aluminium alloy (A356) price down RMB100/t
A00 aluminium ingot price registered a drop of RMB 70 per tonne on Thursday, 26 December 2019 after two back-to-back increases on December 24 and December 25. The price increased by 0.48 per cent to RMB 14510 per tonne. The price is expected to move within a range of RMB 14490-14530 per tonne. Spot...
