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,...
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...
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According to the Shanghai Metals Market survey, A00 aluminium ingot price has increased over the weekend for the fifth day in a row by RMB 130 per tonne to reach RMB 18,900 per tonne on December 18. Thus, on a week-on-week basis, China’s primary aluminium ingot price has hiked by RMB 520 per tonne...
Established in 2007 in Delhi, Radiance Papers Private Limited is a reputable private limited company that specialises in importing, trading, wholesaling, and exporting high-quality aluminium scrap, aluminium alloy ingots, aluminium extrusion waste, aluminium casting scrap, and other related...
Today, the SMM aluminium price chart displays a noticeable increase of RMB 140 per tonne, with the price reaching RMB 18,770 per tonne. The average prices have circulated between RMB 18,750 per tonne and RMB 18,790 per tonne. In the Second Half of 2023, the SMM A00 aluminium ingot prices were...
This week, the London Metal Exchange (LME) experienced a second consecutive decline in the non-ferrous metals market. Similar to LME, the domestic Indian market also showed a downward trend. Trading activities remained moderate throughout the week. The three-month aluminium futures on the LME fell...
If we follow the SMM price chart, we can see that the Chinese aluminium market has not seen extreme growth in 2023; instead, the prices stayed around the average of RMB 18,000 per tonne, with a slight recovery on April 20, when the price stood at RMB 19,110 per tonne. Today, on December 13, the SMM...
On Tuesday, December 12, the A00 aluminium ingot price in China gained RMB 60 per tonne to clock at RMB 18,440 per tonne, with the average prices expected to stand between RMB 18,420 per tonne and RMB 18,460 per tonne. The spot contract price may be traded at a discount price of RMB 70 to RMB 30...
Baotou Aluminium Industry's cast aluminium alloy ingots have passed the China Quality Certification Centre's evaluation and certification test. Each kilogram of cast aluminium alloy ingot has a carbon footprint value of 14.87 kilograms of carbon dioxide equivalent, which fulfils national green...
According to the Shanghai Metals Market survey, China's domestic aluminium ingot inventories are decreasing faster than expected. The estimated reason is the production cut in Yunnan, resulting in slower arrivals of stocks to warehouses. As per the data shown on December 7, the inventories halted...
On December 8, the Shanghai Metals Market witnessed a slow boost in aluminium prices, with the SMM A00 aluminium ingot price gaining RMB 40 per tonne to rest at RMB 18,520 per tonne. The average aluminium prices have circulated between RMB 18,500 per tonne and RMB 18,540 per tonne. China’s central...
On Thursday, December 7, China’s A00 aluminium ingot price has fallen by RMB 80 per tonne to clock at RMB 18,480 per tonne. The prices have dropped in all the provinces, with the highest in Gongyi and Foshan, where it has dipped by RMB 100 per tonne to clock at RMB 18,590 per tonne. In Hangzhou,...
China’s A00 aluminium ingot price on Tuesday, December 5, declined the graph by RMB 140 per tonne to clock at MB 18,560 per tonne. As per the Shanghai Metals Market (SMM) data, a downfall of RMB 610 per tonne was seen M-o-M from RMB 19,170 per tonne recorded on November 3. Today, the average prices...
SteelMint's assessment indicates a slight increase of INR 1,000 per tonne in the prices of aluminium ADC12 alloy ingots to INR 183,000 per tonne. Meanwhile, tense scrap prices remained stable at INR 155,000 per tonne ex Delhi. The prices of ADC12 ingots have improved due to the increase in the...
On Friday, December 1, China’s A00 aluminium ingot price added RMB 30 per tonne to clock at RMB 18,660 per tonne. On M-o-M calculation, a plunge of RMB 480 per tonne was recorded from RMB 19,140 per tonne on November 1. Today, the average prices are expected to stand between RMB 18,640 per tonne...
The Shanghai Metals Market, on November 30, marked a region-wide digression in aluminium price trends, with the SMM A00 aluminium ingot price plummeting by RMB 140 per tonne to close at RMB 18,630 per tonne. The average aluminium prices have circulated between RMB 18,610 per tonne and RMB 18,650...
On Wednesday, November 29, China’s A00 aluminium ingot price has contracted by RMB 80 per tonne to clock at RMB 18,770 per tonne, with the average prices standing between RMB 18,750 per tonne and RMB 18,790 per tonne. The spot contract price may be traded at a discount price of RMB 60 per tonne to...
On November 28, the Shanghai Metals Market witnessed a more or less uniform slump in aluminium prices, with the SMM A00 aluminium ingot price losing RMB 40 per tonne to close at RMB 18,850 per tonne. The average aluminium prices have circulated between RMB 18,830 per tonne and RMB 18,870 per tonne....
On Monday, November 27, China’s A00 aluminium ingot price has grown by RMB 70 per tonne to clock at RMB 18,890 per tonne. The average prices are expected to stand between RMB 18,870 per tonne and RMB 18,910 per tonne, with the spot contract price expected to be traded at a discount price of RMB 40...
Chongqing Guochuang Light Alloy Research Institute carried out the first trial run of its aluminium ingot casting project. The multifunctional melting and casting platform is outfitted with 16t melting and casting units, including a tilting side well-melting furnace, a hydraulic tilting static and...
