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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Alumina price in China registers a drop; A00 aluminium ingot prices rise after two consecutive falls
Average spot alumina price in China decreased by RMB 17 per tonne to RMB 2862 per tonne on January 16. The spot price is expected to range within RMB 2862 per tonne today. Alumina-north is down by RMB 40 per tonne to stand at RMB 2820 per tonne. The price is expected to range between RMB 2800 per...
Chinese A00 aluminium ingot price continues to drop; Input costs record no change
According to Shanghai Metals Market, the A00 aluminium ingot price today, on January 15, has extended its plunge further from RMB 13,240 per tonne to RMB 13,200 per tonne. This marks the second consecutive fall of aluminium ingot prices since the week began. Yesterday, on January 14, the ingot...
A00 aluminium ingot price in China plunges; aluminium alloy price follows suit
A00 aluminium ingot price stood at RMB13240 per tonne on January 14, down RMB70 per tonne from RMB13310 per tonne as of January 11. The average prices today are expected to range between RMB 13220 per tonne and RMB 13260 per tonne, with spot discounts to settle at RMB 30-10 per tonne. Aluminium...
Chinese A00 aluminium ingot price shows restraint after more than week-long activities
After over week-long ups and downs, the A00 aluminium ingot price has decided to record no change today, January 11, according to Shanghai Metals Market. The price thus continues to hover at RMB 13,310 per tonne. The average prices are expected to remain the same as well between RMB 13,290 per...
Chinese A00 aluminium ingot price records a rise against alumina price fall
According to Shanghai Metals Market, the A00 aluminium ingot price has shown a little rise today, January 10, from RMB 13,290 per tonne to RMB 13,310 per tonne. This marks a growth of RMB 20 per tonne, compared to the plunge yesterday by RMB 20 per tonne. The average prices are expected to range...
Chinese A00 aluminium ingot price drops amidst lower demand and bearish input costs
After rising back-to-back last two days, the A00 aluminium ingot price has recorded a plunge once again in China today, on January 8, 2019, Shanghai Metals Market found. The ingot price after rising in last two consecutive days had reached RMB 13,350 per tonne but today it dropped RMB 40 per tonne...
Chinese A00 aluminium ingot price extends rise amidst muted input costs
The A00 aluminium ingot price in China has extended its growth today, on January 7, from RMB 13,300 per tonne to RMB 13,350 per tonne, found Shanghai Metals Market. Thus, the price today has marked a jump by RMB 50 per tonne against a growth of RMB 30 per tonne on the previous day, January 4, from...
Vedanta and Hindalco cut their ingot prices on January 3 after the fall in LME prices
Vedanta Ltd cut prices of aluminium ingots for the fifth time in a row by more than 2% with effect from Thursday January 3, making the price of P1020 / EC High purity ingot fall to INR 146,500 per tonne. With Thursday’s cuts, rates of these products are now at their lowest levels in more than a...
A00 aluminium ingot prices rise across all major markets in China; South market registers the highest
The A00 aluminium ingot price again witnessed an increase today, on January 2, to RMB13300 per tonne from RMB13270 per tonnes as of January 3. The average prices today are expected to range between RMB 13280 per tonne and RMB 13320 per tonne, with spot discounts to settle at RMB 40 per tonne. The...
A00 aluminium ingot price extends its drop in China, but the input costs show no change
According to Shanghai Metals Market, the A00 aluminium ingot price has extended its drop today, on January 3, to RMB 13,270 per tonne from RMB 13,310 per tonne, as of January 2. Since the reopening of the market in the New Year 2019, the Chinese A00 aluminium ingot price has recorded a plunge for...
A00 aluminium ingot price extends drop across all Chinese markets; input costs show no change
According to Shanghai Metals Market, the A00 aluminium ingot price has extended its drop today, on December 28, to RMB 13,440 per tonne from RMB 13,540 per tonne on the previous day. Today’s price marks the lowest so far since the last two months. About a month ago on November 30, the price had...
Chinese A00 aluminium ingot price extends its growth further, but alumina price declines
The A00 aluminium ingot price continues to rise post-Christmas day, December 26, from RMB 13,630 per tonne to RMB 13,710 per tonne, marking a growth by RMB 80 per tonne, Shanghai Metals Market found. The ingot price has been rising since December 21 and today it marks the fourth consecutive hike....
Chinese A00 aluminium ingot price records third consecutive growth this Merry Christmas day
The primary aluminium spot market in China seems to be merry for the sellers on the auspicious occasion of Merry Christmas. The A00 aluminium ingot price has climbed RMB 10 per tonne on December 25, to clock at RMB 13,630 per tonne, Shanghai Metals Market found. This marks the third consecutive...
Chinese primary aluminium inventories drop slower over the weekend; A00 ingot price increases RMB 60/t
According to Shanghai Metals Market, social inventories of primary aluminium across eight major consumption areas in China, including SHFE warrants, dropped 4,000 tonnes over the weekend ended on Monday, December 24, to stand at 1.276 million tonnes. The decline was, however, slower compared to the...
LME aluminium closed higher on weakening dollar; production cut and solid downstream purchase support SHFE
The US dollar fell to a week-low on Tuesday as investors unwound long bets on the currency, anticipating that the Federal Reserve could slow the pace of US interest rate hikes after this week's policymaking meeting. LME base metals traded lower on Tuesday and aluminium lost 0.5%. SHFE base metals...
Chinese A00 aluminium ingot price records a plunge after jump on the previous day; input costs show restraint
After a rise by RMB 100 per tonne from RMB 13,540 per tonne to RMB 13,640 per tonne, the A00 aluminium ingot price recorded a plunge today, on December 19, by RMB 50 to stand at RMB 13,590 per tonne, Shanghai Metals Market found. The average prices are expected to range between RMB 13,570 per tonne...
Hindalco increases its primary ingot prices by 1.3 % today after a price cut on Saturday
Hindalco Industries Ltd has increased prices of its primary aluminium ingots today after it cut the prices of its primary aluminium ingot by more than 1% effective from Saturday, December 15. This price cut on Saturday came after the company had raised rates of its products by 2% earlier in the...
A00 ingot price jumps across major China markets, prebaked anode remains unchanged
A00 aluminium ingot prices registered a jump today, December 18, 2018. Aluminium ingot price increased RMB 100 per tonne to stand at RMB 13,640 per tonne, Shanghai Metal Market found.The average prices today are expected to range between RMB 13,620 per tonne and RMB 13,660 per tonne, with spot...
