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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Rusal’s Q1 VAP sales drop 44% YoY and 22% QoQ; aluminium sales and production decline too
Russian aluminium giant Rusal posted that its first-quarter sales of value added products (VAP) dropped 44 per cent from the contemporary period of the previous year and 22 per cent from the last quarter. Sanctions by the United States are held primarily responsible for this year-on-year and...
A00 aluminium ingot price drops again in China despite alumina price rise
The A00 aluminium ingot price in China has once again dropped today, April 26, despite a rise in the alumina spot price, Shanghai Metals Market found. Followed by a rise to 6-months high, the ingot price has declined by RMB 60 per tonne to clock at RMB 14,170 per tonne, as of today. The average...
Rise in alumina spot price and decline in aluminium inventories lead to a sharp growth of A00 aluminium ingot price
According to Shanghai Metals Market, the alumina spot price has recorded a rise over the weekend ended on April 22, by RMB 10 per tonne to come in at RMB 2,675 per tonne. After a continued fall since the beginning of the year, the alumina spot price first rose this year on April 18 from RMB 2,646...
Chinese primary aluminium inventory drops 49,000 tonnes; A00 ingot price records third consecutive rise
Social inventories of primary aluminium across eight consumption areas in China, including SHFE warrants, stood at 1.59 million tonnes as of Thursday April 18, Shanghai Metals Market data showed. Inventories declined by about 49,000 tonnes from Thursday April 11. Continued resumption of downstream...
Alumina price growth in China today leads to further rise in A00 aluminium ingot price
According to Shanghai Metals Market, the average alumina price has recorded a rise today, on April 18, after continually falling for over three months. From the beginning of 2019 until yesterday, the alumina price saw an incessant fall, ranging between RMB 2,934 per tonne and RMB 2,646 per tonne....
A00 aluminium ingot price jumps across major China markets; Aluminium Alloy (A356) up RMB100/t
A00 aluminium ingot prices registered a jump across all major markets in China on Wednesday, 17 April 2019. Ingot price recorded a rise of RMB160 per tonne or 1.16 per tonne from yesterday. A00 ingot price rose from RMB13810 per tonne to RMB13970 per tonne. Spot aluminium contract is expected to be...
A00 aluminium price drops by RMB40/t; Aluminium fluoride among other input costs records a change
According to Shanghai Metals Market, the A00 aluminium ingot price has recorded a dip today, on April 11, by RMB 20 per tonne to stand at RMB 13,810 per tonne. The average prices are expected to range between RMB 13,790 per tonne and RMB 13,830 per tonne, with spot discount to settle at RMB 20 per...
A00 aluminium ingot price declines by RMB40/t and aluminium alloys (ADC12) by RMB100/t
According to Shanghai Metals Market, the A00 aluminium ingot price has dropped today, on April 9, by RMB 40 per tonne to come in at RMB 13,780 per tonne. After a sharp decline on April 1 from RMB 13,920 per tonne to RMB 13,740 per tonne, the ingot price showed a constant growth over the week...
A00 aluminium ingot prices in China extend gains; Aluminium Fluoride price down RMB500/t
A00 aluminium ingot price increased further to RMB13770 per tonne on Wednesday, 03 April 2019, registering a growth of RMB10 per tonne or 0.07 per cent from yesterday. The average price is expected to range between RMB13750-13790 per tonne, with spot premium to settle at RMB10-30 per tonne....
A00 aluminium ingot price records rise in China after sharp decline on the previous day; the price stands higher MoM
After a sharp fall yesterday, on April 1, the A00 aluminium ingot price has recorded a slight growth today by RMB 20 per tonne to stand at RMB 13,760 per tonne, found Shanghai Metals Market. The average prices are expected to range between RMB 13,740 per tonne and RMB 13,780 per tonne, with spot...
Alumina price in China declines by RMB22/t and the ingot price by RMB180/t
According to Shanghai Metals Market, the average alumina price starts off the second quarter of the calendar year 2019 with a drop today by RMB 22 per tonne to come in at RMB 2,672 per tonne. On March 22, the average alumina price had recorded the last plunge from RMB 2,704 per tonne to RMB 2,694...
A00 aluminium ingot price records rise by RMB40/t after three consecutive drops this week
After three consecutive drops, the A00 aluminium ingot price has recorded a growth of RMB 40 per tonne to RMB 13,940 per tonne, Shanghai Metals Market found. This is the first rise of aluminium ingot this week, after which the price has rebounded to what it was a week ago, on March 20. As the first...
A00 aluminium ingot price extends decline; Alloy (A356) price drops by RMB50/t
A00 aluminium ingot price further extends its decline to RMB13900 per tonne on Wednesday, 27 March 2019. This records a decline of RMB50 per tonne or 0.36 per cent from yesterday. The price is expected to range between RMB13880-13920 per tonne, with spot premium to settle at 270-310 per tonne....
A00 aluminium ingot price records further decline by RMB20/t; Input costs remain same
According to Shanghai Metals Market, the A00 aluminium ingot price has recorded a further decline today, on March 26, to RMB 13,950 per tonne. Yesterday the price was at RMB 13,970 per tonne, which represents that today the price has dropped by RMB 20 per tonne. The average prices are expected to...
US Primary aluminium production up 20% to 891,000 tonnes in 2018 driven by reopening of smelters
According to the latest report from US Geological Survey, the US primary aluminium production in December 2018 was 95,000 tonnes. The average daily production in December was 3,050 tonnes, 4% more than that in November 2018, 48% more than that in December 2017. The total aluminium production in...
Bauxite prices in Henan drop by RMB20/t; Australian alumina FOB price up by USD8/t
The average Bauxite (6.0≤Al/Si＜7.0) price in Henan dropped RMB20 per tonne to stand at RMB530 per tonne on Monday, 25 March 2019. The average price is expected to range between RMB510-550 per tonne, as updated by Shanghai Metals Market. The average Bauxite (4.5≤Al/Si＜5.5) price stood at RMB440 per...
Daiki Aluminium Industry breaks ground on recycled aluminium manufacturing facility in AP
Daiki Aluminium Industry India, a 100 per cent subsidiary of Daiki Aluminium Industry Co. Ltd., Japan, has broken ground on a new aluminium alloy recycling plant at Sri City in Andhra Pradesh (AP), India. Daiki Aluminium Industry will make an investment of INR250 crore. The new aluminium alloy...
Alumina prices in China extend drops; A00 ingot price up by RMB10/t
Alumina spot prices declined across China major markets on Friday, 22 March 2019.The average alumina spot price dropped from RMB 2704 per tonne on March 20 to RMB 2694 per tonne on March 22. Average price of Alumina-East has fallen by RMB 20 per tonne to stand at RMB 2690 per tonne; Alumina-Central...
