Macro perspective: Fed Chairman Warsh delivered a hawkish speech at the Jackson Hole symposium, lifting market expectations for a September rate hike to around 60 per cent, while the US dollar consolidated amid fluctuations, unsettling the nonferrous metals sector. The Fed's latest Beige Book...
India’s aluminium recycling sector has matured significantly over the past decade. Secondary aluminium, produced by remelting and refining scrap, now accounts for a growing share of the country’s total aluminium consumption. Recycling aluminium requires up to 95 per cent less energy than smelting...
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China’s domestic aluminium production in July 2024 reached a new high, recording a 3.22 per cent increase year-on-year and a 3.66 per cent rise month-on-month, attributed to full production resumption at Yunnan smelters and new capacity commencement in Inner Mongolia. According to the Shanghai...
According to the Shanghai Metal Market (SMM) survey, China’s A00 aluminium ingot price on August 12 has decreased by RMB 20 per tonne from the previous day, settling at RMB 18,990 per tonne. This price shift marks a slight decline from the previous trading session, highlighting a fluctuating price...
Aluminium ADC12 prices were recorded at INR 219,000 per tonne ex Delhi, a decrease of INR 2,000 per tonne m-o-m, as per BigMint assessment. In Chennai, prices were recorded at INR 218,000 per tonne, a drop of INR 1,000 per tonne m-o-m. However, bids are INR 3,000-4,000 per tonne lower. Better...
On Friday, August 9, China’s A00 aluminium ingot price surged by RMB 230 per tonne to settle at RMB 19,010 per tonne. The average price ranged between RMB 18,990 per tonne and RMB 19,030 per tonne. The spot contract price may be traded at a discount of RMB 70 to RMB 30 per tonne. As per the SMM...
India has experienced a drop in imported aluminium scrap prices week-on-week, influenced by stable LME prices. This week, prices for all grades have decreased by up to 1.6 per cent, creating market uncertainty and prompting a cautious stance among participants. Three-month LME aluminium prices...
According to Shanghai Metals Market (SMM) survey, as of August 8, the SMM A00 aluminium ingot price has descended by RMB 90 per tonne to officially close at RMB 18,780 per tonne, with the average prices ranging between RMB 18,760 per tonne and RMB 18,800 per tonne. The spot contract is likely to be...
India's imports of alloyed aluminium ingots soared by 60 per cent in the first half of 2024, reaching approximately 112,158 tonnes compared to 70,780 tonnes during the same period in 2023. In the first half of 2024, alloyed ingots constituted a significant portion of the country's aluminium...
The latest Shanghai Metal Market (SMM) data reveals a mixed scenario in the aluminium market with today’s prices for A00 aluminium ingot. According to the survey, A00 aluminium ingot price has grown after two consecutive days of downfall to stand at RMB 18,870 per tonne, reflecting an increase of...
According to the Shanghai Metals Market (SMM) survey, the A00 aluminium ingot price has declined very minorly after two consecutive days of huge downfall to balance a week-on-week downtrend by RMB 150 per tonne from RMB 18,900 per tonne. The price today, 9th August, has dwindled by RMB 80 per...
As of 5th August, the Shanghai Metal Market (SMM) China’s A00 aluminium ingot price initiated the week with an average price of RMB 18,830 per tonne, down by RMB 170 per tonne from the previous day. The average price is likely to fluctuate between RMB 18,810 per tonne and RMB 18,850 per tonne. The...
In the first three months of the current Iranian calendar year, which began on March 20, Iran produced more than 169,000 tonnes of aluminium ingots. The Iranian Mines and Mining Industries Development and Renovation Organization (IMIDRO) reported this significant production milestone. Between March...
On Friday August 2, the market for aluminium ingot alloy showcased a notable trend. The market for aluminium ingot experienced a major adjustment across various regions of China. According to the Shanghai Metal Market (SMM), the price of A00 aluminium ingot closed at RMB 19,000 per tonne,...
Spot prices of aluminium ADC12 alloy ingots (non-OEM) in Delhi NCR and Chennai fell w-o-w, as per BigMint's latest assessment. In the Delhi-NCR region, ADC12 spot prices were assessed at INR 209,000 per tonne ex-Delhi, aligning with domestic tense scrap prices, which settled at INR 175,000 per...
As of 1st August, the Shanghai Metal Market (SMM) China’s A00 aluminium ingot price initiated the month with an average price of RMB 19,170 per tonne. Compared to the previous day, the price has skyrocketed by RMB 200 per tonne after China’s leaders pledged increased support measures to stabilise...
According to the Shanghai Metal Market (SMM), the price of A00 aluminium ingot has witnessed a modest increase after three consecutive dips. China’s A00 aluminium ingot price on July 31st, 2024, registered at RMB 18,970 per tonne, surged by RMB 70 per tonne from the previous trading day, indicating...
According to the Shanghai Metal Market (SMM) survey, China’s A00 aluminium ingot price has witnessed a sharp fall of RMB 260 per tonne from the previous trading day to stand at RMB 18,900 per tonne. After more than four months, the price has pegged below the RMB 19,000 per tonne level. The average...
According to Shanghai Metal Market (SMM) survey China’s A00 aluminium ingot price on July 29, has decreased by RMB 40 per tonne or 0.21 per cent from the previous day, settling at RMB 19,160 per tonne. This price shift marks a slight decline from the previous trading session, highlighting a...
According to the Shanghai Metals Market survey, A00 aluminium ingot price has recovered RMB 190 per tonne to close the week on Friday, July 26, at RMB 19,200 per tonne. However, despite the latest rise, the price is down week-on-week by RMB 290 per tonne and month-on-month by RMB 860 per tonne. The...
