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 records a growth of RMB100/t and Aluminium Alloys (ADC12) price of RMB50/t
On the day of Merry Christmas, the A00 aluminium ingot price in China has been found extending its growth by RMB 100 per tonne to stand at RMB 14,580 per tonne, found Shanghai Metals Market. This marks the second consecutive rise after a slight fall on December 23, from RMB 14,450 per tonne to RMB...
Hindalco increases its aluminium prices by over 1 per cent after two consecutive cuts
After two consecutive cuts, Hindalco Industries Limited has reportedly increased the prices of aluminium ingots, billets and wire rods, with effect from Friday, December 20. From INR 141,500 per tonne, the company's aluminium ingots price has been increased by 1.23 per cent to INR 143,250 per...
A00 aluminium ingot price grows marginally by RMB10/t amidst muted input costs
According to Shanghai Metals Market, the A00 aluminium ingot price has decided to end the week with another rise, though marginal, while all the input costs have remained restrained. Marking the fourth straight day of growth, the ingot price today has increased by RMB 10 per tonne to RMB 14,450 per...
Primary aluminium inventories continue to trend lower; Decline by 44,000 tonnes this week
According to Shanghai Metals Market, the social inventories of primary aluminium in China continued to drop this week, with Guangdong contributing to more than half to the trend. Stocks across eight major consumption areas, including SHFE warrants, came in at 604,000 tonnes, as on Thursday,...
Iran's aluminium output falls 26% YoY in the first eight months of Iranian year
Iran's production of aluminium stood at 171,334 tonnes during the first eight months of the current Iranian year (March 21-November 21). That was down 26 per cent compared with the same period last year, according to the Iranian Mines and Mining Industries Development and Renovation Organization...
A00 aluminium price climbs RMB 80/t; Aluminium alloy (ADC12) stands at RMB 14950/t
A00 aluminium ingot price climbed by RMB 80 per tonne or 0.56 per cent to stand at RMB 14440 per tonne on Thursday, 19 December 2019, from Wednesday’s price of RMB 14360 per tonne. This marks the third consecutive rise in aluminium ingot price. The price is expected to range at RMB 14420-14460 per...
A00 aluminium ingot price records the second-highest growth this year of RMB240/t; Alumina price down by RMB4/t
The A00 aluminium ingot price in China has recorded a sweeping growth today, on December 18, of RMB 240 per tonne to stand at RMB 14,360 per tonne, found Shanghai Metals Market. This is the second highest growth this year after the increase of RMB 300 per tonne on August 12, from RMB 13,950 per...
A00 aluminium price edges higher by RMB150/t; Aluminium alloy (A356) slips 1.02%
A00 aluminium ingot price edged higher by RMB 150 per tonne or 1.07 per cent to stand at RMB 14120 per tonne on Tuesday, 17 December 2019, from Monday’s price of RMB 13970 per tonne on December 16. The price is expected to range at RMB 14100-14140 per tonne. Spot aluminium contract is likely to be...
Primary aluminium inventories continue to fall in China and also the price of A00 aluminium ingot by RMB40/t
The social inventories of primary aluminium in China continued to fall over the weekend, found Shanghai Metals Market. Steady consumption in Guangdong and lower arrival of stocks there contributed to more than half of the decline. According to the data showed, eight consumption areas in China,...
Hindalco reduces aluminium prices by more than 1 per cent this week
Hindalco Industries Limited has reportedly reduced the prices of aluminium ingots, billets and wire rods for the second time this week. With effect from Wednesday, the prices are cut by more than 1 per cent. While the ingot price is reduced from INR143,250 per tonne, as on last Friday, December 6,...
A00 aluminium price ends the week lower at RMB14010/t; Aluminium alloy (A356) down by 0.68%
A00 aluminium ingot price ended the week lower at RMB 14010 per tonne on Friday, 13 December 2019, representing a drop of RMB 70 per tonne or 0.50 per cent from Thursday’s price of RMB 14080 per tonne. The price is expected to range at RMB 13990-14030 per tonne. Spot aluminium contract is likely to...
Alumina price in China continues to fall; Al Fluoride price slumps by RMB 200/t
The average spot alumina price in China has dropped by RMB 19 per tonne or 0.77 per cent to stand at RMB 2439 per tonne on Wednesday, 11 December 2019. Alumina price fell by RMB 9 per tonne yesterday. The drop in alumina prices has continued in all other major markets in China. Source: Shanghai...
Alumina spot price declines by RMB9/t, but A00 aluminium ingot price grows by RMB50/t
After starting the week with restraint at RMB 2,467 per tonne, the average alumina spot price today, on December 10, has recorded a plunge of RMB 9 per tonne to RMB 2,458 per tonne, found Shanghai Metals Market. So far this month, the average alumina spot price has shown a bearish trend like the...
A00 aluminium ingot price starts the week lower at RMB 14060/t; Aluminium alloy (ADC12) up by 0.34%
A00 aluminium ingot price opened the week lower at RMB 14060 per tonne on Monday, 09 December 2019, marking a drop of RMB 10 per tonne or 0.07 per cent from Friday’s price of RMB 14070 per tonne. The price is expected to range at RMB 14040-14080 per tonne. Spot aluminium price is likely to trade at...
A00 aluminium price edges higher by RMB10/t; expected to range at RMB14110-14150/t
A00 aluminium ingot price continued to edge higher by RMB 10 per tonne or 0.07 per cent to stand at RMB 14130 per tonne on Thursday, 05 December 2019, from its previous price of RMB 14120 per tonne on December 4. This marked the sixth consecutive hike in aluminium price. The price is expected to...
Chinese alumina spot price extends its marginal decline by RMB2/t; A00 aluminium ingot price continues to grow
According to Shanghai Metals Market, the average spot price of alumina continues to decline marginally by RMB 2 per tonne to RMB 2,478 per tonne, as of December 4. In the north of China, the price has dropped too by RMB 5 per tonne to RMB 2,480 per tonne for a week at RMB 2,485 per tonne since...
Alumina price in China down RMB3/t at RMB2480/t; A00 aluminium ingot price hikes for the fourth straight day
The average spot alumina price in China is down by RMB 3 per tonne or 0.12 per cent on Tuesday, 03 December 2019. Alumina price stands at RMB 2480 per tonne, after remaining flat at RMB 2483 per tonne on November 29 and December 2. Alumina prices remain unchanged across all major markets in China....
Prebaked anode price declines by RMB130/t after a month-long restraint; A00 aluminium ingot price grows
According to Shanghai Metals Market, the prebaked anode price in the east has recorded a decline of RMB 130 per tonne to RMB 2,850 per tonne on December 2, followed by a month-long restraint at RMB 2,980 per tonne. Even throughout October, the price remained unchanged at RMB 3,030 per tonne until...
