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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China's inventory of primary aluminium drops with smelter capacity cut; market prices remain unchanged today
As reported by Shanghai Metals Market, China's social inventory of primary aluminium including SHFE warrants, across eight consumption areas continued its decline and stood at 1.28 million tonnes as of Monday December 17. This volume is about 18,000 tonnes less from the stock on Thursday December...
Vedanta cuts prices of aluminium ingots on December 13 in tandem with falling LME aluminium price
Vedanta Ltd raised prices of aluminium ingots by more than 1% with effect from Wednesday Dec 12, making the price of P1020 / EC High purity ingot reach INR 158,758. However, the next day, it cut prices again by almost one per cent effective from December 13. With Wednesday’s hike, rates of these...
China’s primary aluminium inventories extend decline on supply cuts; A00 ingot price registers a drop
As reported by Shanghai Metals Market, China's social inventories of primary aluminium across eight consumption areas including SHFE warrants amounted to 1.295 million tonnes as of Thursday December 13.This is down from 1.352 million tonnes recorded on Thursday December 6. Supply cuts accounted for...
Chinese aluminium alloy price shows restraint on increased billet inventories and ingot price hike
According to the Shanghai Metals Market, stocks of 6063 aluminium billet across five major consumption areas in China grew some 2,600 tonnes over the weekend ended on Thursday, December 13 to stand at 120,500 tonnes. The reason behind this increase in billet inventories could be fewer purchases of...
Chinese A00 aluminium ingot price records plunge after two days of rise; input costs remain unchanged
After a rise in last two consecutive days, the A00 aluminium ingot price again recorded a plunge today, on December 12, from RMB 13,600 per tonne to RMB 13,540 per tonne, Shanghai Metals Market learned. The average prices are expected to range between RMB 13,520 per tonne and RMB 13,560 per tonne,...
Chinese A00 aluminium ingot price extends rise in the backdrop of lowered inventories; alumina price drops
According to an update from Shanghai Metals Market, social inventories of primary aluminium continued to extend its fall across eight consumption areas in China, including SHFE warrants, and stood at 1.32 million tonnes, as of Monday, December 10. This marked a decline by some 35,000 tonnes from...
Chinese A00 aluminium ingot price records a rise, but with no trace of input costs change
After four consecutive drops since the beginning of the month, the A00 aluminium ingot price has rebounded today, on December 10, and jumped from RMB 13,500 per tonne, as of December 7, to RMB 13,590 per tonne, Shanghai Metals Market found. This marks a growth by RMB 90 per tonne. The average...
A00 aluminium ingot price marks fourth consecutive drop since the month began: SMM
The A00 aluminium ingot price seems to have decided to be on the downside, according to Shanghai Metals Market. Even continued destocking in social inventories of primary aluminium over the past weeks and improved purchasing enthusiasm among downstream consumers for spot primary aluminium (like it...
Vedanta and Hindalco hike aluminium ingot prices by 3% after the rise in international aluminium prices
After cutting prices of aluminium ingots seven times in a row, Vedanta Ltd has raised rates of these products by nearly 3% with effect from December 4. After the increase, the price for Vedanta aluminium ingot stands at INR 157,000 (USD 2215) per tonne, up from INR 152,750 (USD 2155) per tonne on...
Weaker demands and brisk aluminium transactions lead to declining ingot prices in China: SMM
According to an update by Shanghai Metals Market, trades of spot aluminium remained brisk yesterday, December 4, across east and south China after futures aluminium prices recorded a one-day gain at the start of the week. The SHFE 1812 contract traded range-bound in the morning. In Shanghai, spot...
India’s primary aluminium exports up 21 per cent in H1 FY 2019; primary producers focus on export market for revenue
India’s primary aluminium exports have recorded a 21 per cent increase in H1 (April-September period) of FY 2018-19. Industry data shows that in HI of FY 2018-19, exports of aluminium ingots reached 772,000 tonnes in volumes, up from 638,000 tonnes in the corresponding period of the last financial...
China’s primary aluminium inventories extend decline amid supply cuts; ingot price registers a drop
China's social inventories of primary aluminium across eight consumption areas including SHFE warrants amounted to 1.367 million tonnes as of Monday December 3. This is down from 1.386 million tonnes recorded on Thursday November 29, SMM data showed. Social warehouses saw fewer shipments arrive...
Weiqiao Group reduces prebaked anode price; A00 ingot price jumps across major China markets
According to Shanghai Metal Market, Weiqiao Group lowered its prebaked anode purchasing prices by RMB 50 per tonne after it kept the prices flat on the month in November. For December, the prices are hovering at RMB3,590 per tonne in cash and RMB 3,625 per tonne on acceptance. On the other hand,...
Professor in Coimbatore innovates new aluminium scrap recycling method for small ingots plants
According to a report, a city college professor named Bhagyanathan in Coimbatore has found a method to recycle aluminium scrap which will help small plants to produce graded quality aluminium ingots with enhanced mechanical and metallurgical properties. Small plants use electric induction furnaces,...
Chinese A00 aluminium ingot spot price records a drop for five days in a row: SMM
According to Shanghai Metals Market, the A00 aluminium ingot price has extended a plunge even today, on November 30, by RMB 80 per tonne to stand at RMB 13,500 per tonne. This marks the fifth consecutive fall throughout the week since November 26. The average prices today are expected to range...
Chinese primary aluminium inventories continue to shrink and so the ingot prices; Billet inventories rise slightly
According to Shanghai Metals Market, primary aluminium inventories across eight major consumption areas in China, including SHFE warrants, have recorded a drop by some 38,000 tonnes from a week ago to come in at 1.386 million tonnes on Thursday, November 29. On last Thursday, November 22, the...
China alumina spot prices extend plunge; aluminium ingot down by RMB50/t
Alumina and aluminium prices are on a downward trend after winter production cuts have started in China. Average spot alumina price in China stood at RMB 3075 per tonne on November 28, a further drop from RMB 3094 per tonne on November 27. The spot prices are expected to range within RMB 3075 per...
North America’s aluminium demand up 3% through Q3 2018 over YTD 2017
Preliminary estimates from Aluminum Association indicate that aluminium demand in the United States and Canada (shipments by domestic producers plus imports) stood at an estimated 9.6 million tonnes through September 2018, up 3% over the same period of 2017. Demand for semi-fabricated (mill)...
