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 in China increases by RMB70/t on weekly decline in inventories
After three consecutive drops this week, the A00 aluminium ingot price has recorded a rise on Thursday, July 25, by RMB 70 per tonne to stand at RMB 13,860 per tonne, found Shanghai Metals Market. Week-on-week, the price is standing higher by RMB 10 per tonne. The average prices are expected to...
Alumina price in China declines by RMB10/t; A00 ingot price in Foshan up RMB10/t
The average spot price of alumina further recorded a decline of RMB 10 per tonne to stand at RMB 2517 per tonne on Wednesday, 24 July 2019. The prices of alumina fell across major China markets today. Spot alumina prices in East China, Central China, North China, and South China markets dropped by...
A00 aluminium ingot price extends drop by RMB50/t; Aluminium alloy price registers a decline
A00 aluminium ingot price has edged lower by 0.36 per cent today. As on Tuesday, 23 July 2019, ingot price ranged at RMB 13780-13820 per tonne; the average price stood at RMB 13800 per tonne, down by RMB 50 per tonne from its previous price of RMB 13850 per tonne on July 22. In Foshan and Wuxi,...
Nalco, Hindalco and Vedanta raised their ingot prices on July 19 following rise in LME aluminium price
The rates of National Aluminium Co Ltd's aluminium ingots are at their highest level in two months after the company hiked the prices of these products on Friday. The government-owned aluminium maker has raised the prices of these products by 1% in the domestic market. This was following the recent...
A00 aluminium ingot price ends the week with a jump of RMB70/t; Alumina price remains unchanged
After remaining restrained on Thursday, July 18, the A00 aluminium ingot price has decided to end the week with a jump of RMB 70 per tonne to stand at RMB 13,920 per tonne, as of July 19, found Shanghai Metals Market. With this rise, the A00 aluminium ingot price is standing RMB 20 per tonne or...
A00 aluminium ingot price records marginal rise in China; Input costs show restraint
According to Shanghai Metals Market, the price of A00 aluminium ingot has recorded a marginal rise by RMB 10 per tonne to stand at RMB 13,850 per tonne, as of July 17, 2019. This marks the third consecutive rise since July 15, followed by a drop on July 12 from RMB 13,800 per tonne to RMB 13,720...
Alumina price continues downward trend; A00 aluminium prices increase in major markets
As on Tuesday, 16 July 2019, the average spot alumina price stands at RMB 2547 per tonne, down by RMB 35 per tonne from its previous price of RMB 2582 per tonne on July 15. Average alumina price in East China is hovering around RMB 2650 per tonne, down RMB 30 per tonne from its previous price....
Uniprom opens silumin alloys production unit at its local aluminium smelter KAP
Montenegrin aluminium company Uniprom has reportedly opened a silumin alloys production unit worth 10 million euro or $11.3 million at its local aluminium smelter KAP. The news arrived after the government officially announced about the opening of the manufacturing unit on Monday, July 15. At this...
Gravita Tanzania starts aluminum cast alloy production at its 6000 tpy aluminium recycling plant
Gravita's step down subsidiary starts production of Aluminum Cast Alloys in Tanzania Gravita India, a leading Indian multinational company having state-of-the-art Lead and Aluminium processing unit at Jaipur (Rajasthan), has announced that its Tanzania based step down subsidiary, Gravita Tanzania...
Prebaked anode price in Southwest China drops by RMB 100/t; alumina prices decline in major markets
Prebaked anode price in Southwest market has edged lower by 2.70 per cent today. As on Friday, July 12, prebaked anode price ranged at RMB 3500-3700 per tonne; the average price stood at RMB 3600 per tonne, down by 100 RMB from its previous price of RMB 3700 per tonne on April 4. The average prices...
Vedanta increases aluminium ingot prices effective July 11 with the rise in LME aluminium price
Vedanta Ltd has raised prices of aluminium ingots today registering a rise for two consecutive days in a row. Vedanta has increased the price of P1020/ EC Grade Ingot with 99.7% purity to INR 143000 per tonne effective from today, July 11 from INR 141250 per tonne on July 9. Last increase took...
Primary aluminium inventories mark first weekly rise in four months; A00 aluminium ingot price up by RMB80/t
After recording a continued decline over the months, the social inventories of primary aluminium across eight consumption areas in China, including SHFE warrants, have gained 14,000 tonnes from a week ago to stand at 1.042 million tonnes, as of Thursday, July 11, found Shanghai Metals Market. The...
Alumina prices in major China markets on downward track; A00 aluminium ingot prices increase
Average alumina prices in four major China markets have registered a drop on Wednesday, 10 July 2019. The average spot alumina price stands at RMB 2631 per tonne, down RMB 36 per tonne from the previous average alumina price. Alumina price in East China is hovering around RMB 2640 per tonne, down...
China’s alumina and aluminium prices extend their decline by RMB 56/t and RMB60/t
The average spot alumina price recorded a decline of RMB 56 per tonne or 2.06 per cent on Tuesday, 09 July 2019, after remaining flat on June 8. Alumina price stood at RMB 2667 per tonne, from RMB 2723 per tonne. Alumina price in East and Central registered a drop of RMB 50 per tonne each to stand...
Aluminium inventories in China drop by 6,000 tonnes and so the price of A00 aluminium ingot by RMB40/t
Shanghai Metals Market found social inventories of primary aluminium further inched down by 6,000 tonnes on Monday, July 8, across eight major consumption areas in China, including SHFE warrants. The inventories are thus standing at 1.022 million tonnes compared to 1.028 million tonnes on Thursday,...
North China to continue witnessing slow trades of aluminium ingots in the medium term: SMM
Shanghai Metals Market believes aluminium ingots trades are likely to continue at a slow pace across the northern Chinese markets in the medium term. The current adequate supplies of aluminium ingots, the prospect of poorer downstream consumption in a slow season of July-August, and new aluminium...
A00 aluminium ingot price registers a hike of RMB130/t; expected to range within RMB 13740 -13780/t
A00 aluminium ingot price recorded an increase of RMB 130 per tonne, after falling four days in a row. Ingot price stood at RMB 13760 per tonne on Thursday, 04 July 2019. The average price is expected to range between RMB 13740 per tonne and RMB 13780 per tonne. Spot aluminium contract is likely to...
A00 aluminium ingot price extends drop by RMB20/t; SMM shows downtrend to continue on sluggish alumina prices
Amidst the incessant fall in spot alumina price across China, the A00 aluminium ingot price continues to record a downfall as of today, on July 3, found Shanghai Metals Market. According to SMM data, the price today has declined by RMB 20 per tonne to RMB 13,630 per tonne, marking the fourth...
