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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Hindalco and Nalco hike aluminium ingot prices by 1%
Two major Indian producers Hindalco and Nalco have raised aluminium prices in the domestic market following the rise in global aluminium price on London Metal Exchange. After cutting prices of aluminium products three times in a row, Hindalco Industries Ltd has increased the prices of its aluminium...
Vedanta increases aluminium ingots price by more than 1% after two consecutive cuts
After two consecutive cuts, Vedanta Limited reportedly increased the prices of aluminium ingots by more than 1 per cent, with effect from Thursday, November 28. Thus, the ingots price now range between INR 142,500 per tonne and 155,500 per tonne. Companies generally link prices of their products to...
A00 aluminium ingot price edges lower by RMB40/t; Aluminium Alloy (A356) price stands at RMB14650/t
A00 aluminium ingot price has edged lower by RMB 40 per tonne or 0.29 per cent to stand at RMB 13950 per tonne on Wednesday, 27 November 2019, from its previous price of RMB 13990 per tonne on November 26. This marks the second consecutive drop in aluminium price. The price is expected to range at...
Nalco reduces aluminium ingots prices by over 2% after three consecutive hikes
After increasing aluminium ingots prices for past three consecutive times, National Aluminium Company Limited (Nalco) reportedly cut the ingots prices by over 2 per cent, with effect from Wednesday, November 20, as trade sources told Cogencis. With this, the prices of the company ingots came down...
Average spot price of alumina continues to drop for the fourth day in a row, leading to A00 aluminium ingot price fall
The average spot price of alumina in China has extended its decline again by RMB 14 per tonne, as on Friday, November 22, to stand at RMB 2,489 per tonne, marking the fourth consecutive fall throughout the week. With these declines, the alumina price today stands down by RMB 135 per tonne or 5.14...
Alumina spot price continues to fall by RMB20/t, but A00 aluminium ingot price extends growth
Shanghai Metals Market found the average spot price of aluminium has dropped further today, on November 20, by RMB 20 per tonne to stand at RMB 2,518 per tonne. This marks the second consecutive fall in the spot price of alumina after remaining restrained for a week at RMB 2,572 per tonne. Prior to...
A00 aluminium ingot price rises by RMB20/t on further decline in primary aluminium inventories
The social inventories of primary aluminium have extended decline over the weekend, as stocks in Nanhai continued to fall, according to Shanghai Metals Market. SMM data showed the stocks across eight major consumption areas, including SHFE warrants, decreased by 11,000 tonnes from 834,000 tonnes on...
Continued W-o-W fall in primary aluminium inventories lifts A00 aluminium ingot price afters three days of decline
The social inventories of primary aluminium have once again recorded a week-on-week decline, as of Thursday, November 14, found Shanghai Metals Market, as stocks in Nanhai continued to fall sharply. SMM data shows the primary aluminium stocks across eight major consumption areas, including SHFE...
A00 aluminium ingot price stands at RMB13900/t; Al Fluoride price down by RMB300/t
A00 aluminium ingot price has extended its decline to RMB 13900 per tonne on Wednesday, 13 November 2019, from its previous price of RMB 13910 per tonne on 12 November. This marks a drop of RMB 10 per tonne or 0.07 per cent. The price is expected to range within RMB 13880-13920 per tonne. Spot...
A00 aluminium ingot and aluminium alloy prices extend decline on slower demands
Despite a decline in social inventories of primary aluminium on Thursday, November 11, the A00 aluminium ingot price has shown no sign of rise but dropped by RMB 190 per tonne to stand at RMB 13,910 per tonne, as of November 12, found Shanghai Metals Market. With this second consecutive downfall,...
Alumina price in China extends drop; A00 aluminium ingot price down by RMB130/t
The average spot alumina price declined by RMB 7 per tonne or 0.27 per cent on Monday, 11 November 2019 from Friday’s price of RMB 2579 per tonne. Alumina price in China stood at RMB 2572 per tonne today. Source: Shanghai Metals Market Alumina prices in East and Central markets fell by RMB 15 per...
A00 aluminium ingot price increases by RMB120/t while alumina price declines; Aluminium alloy price grows too
The A00 aluminium ingot price has recorded a significant rise today, on November 8, by RMB 120 per tonne to stand at RMB 14,230 per tonne, found Shanghai Metals Market. Compared with the price during the same period last month, the ingot price today is standing higher by RMB 180 per tonne, learned...
A00 aluminium ingot price drops by RMB30/t after three consecutive growth; Input costs remain restrained
After the three consecutive rises, the A00 aluminium ingot price has inched down today, on November 6, by RMB 30 per tonne to RMB 14,100 per tonne, marking the first decline this month, found Shanghai Metals Market. The SMM data shows that average prices are expected to range between RMB 14,080 per...
Vedanta hikes aluminium product prices 2% to six-week high levels
Vedanta Ltd has hiked the prices of aluminium ingots by nearly 2% with effect from Saturday, trade sources told Cogencis. The company has hiked the prices of its products the second time in a week, and they are now at their highest level in six weeks. Vedanta has currently priced its ingots in the...
A00 aluminium ingot price extends its growth today on further inventory decline; Aluminium alloy price also rises
On the further fall of primary aluminium inventories by 12,000 tonnes to 858,000 tonnes over the weekend, the price of A00 aluminium ingot has recorded a rise of RMB 60 per tonne to RMB 14,060 per tonne, found Shanghai Metals Market on November 4. This marks the second consecutive growth since the...
Primary aluminium inventories stand at 870,000t after three consecutive W-o-W falls
According to Shanghai Metals Market, the social inventories of primary aluminium, on Thursday, October 31, declined for the third consecutive week, as arrivals remained limited and consumption stayed robust. SMM data showed the primary aluminium stocks across eight major Chinese consumption areas,...
Aluminium demand in North America up slightly YoY in Jan-August 2019; semis demand up 1.7%
According to the preliminary estimates from Aluminum Association, aluminium demand in the United States and Canada (shipments by domestic producers plus imports) totalled an estimated 8.6 million tonnes from January to August 2019, a slight increase over YTD 2018. Demand for semi-fabricated (mill)...
Prebaked anode price remains restrained despite Weiqiao’s price cut; A00 aluminium ingot price falls by RMB30/t
According to Shanghai Metals Market, Shandong Weiqiao Group, the top aluminium producer in China continues to reduce the benchmark purchasing price for prebaked anode for the fifth consecutive month by RMB 100 per tonne. This brought the Weiqiao’s prebaked anode purchasing price for November to RMB...
