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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The Shanghai Metals Market, on November 24, marked a slight digression in aluminium prices, with the SMM A00 aluminium ingot price rising by RMB 10 per tonne to close at RMB 18,820 per tonne. The average aluminium prices have hovered between RMB 18,800 per tonne and RMB 18,840 per tonne. If the SMM...
Companhia Brasileira de Alumínio (CBA), the largest aluminium producer in Brazil with a total production capacity of around 480,000 tonnes, announced its third-quarter results of 2023, ended September 30, reporting a 13 per cent growth in sales volume to 119,000 tonnes. The company’s primary...
On Thursday, November 23, China’s A00 aluminium ingot has dropped by RMB 70 per tonne to clock at RMB 18,810 per tonne, with the average prices standing between RMB 18,790 per tonne and RMB 18,830 per tonne. The spot contract price may be traded at a discount price of RMB 30 to a premium price of...
The signing ceremony for the lightweight auto parts manufacturing base project was conducted on November 14 between Wangjiang Economic Development Zone and Anhui Guleichi Circular Economy Industrial Park Co., Ltd. The first stage primarily involves the production of aluminium ingots, aluminium...
On Tuesday, November 21, China’s A00 aluminium ingot price gained RMB 50 per tonne to score RMB 19,000 per tonne. However, on M-o-M calculation, the price has fallen by RMB 80 per tonne from RMB 19,080 per tonne recorded on October 20. Today, the average prices are expected to stand between RMB...
On Friday, November 17, China’s A00 aluminium ingot price slumps by RMB 120 per tonne to clock at RMB 18,810 per tonne, with the average prices between RMB 18,790 per tonne and RMB 18,830 per tonne. The spot contract price is expected to be traded at a discount price of RMB 50 to RMB 10 per tonne....
On November 16, the Shanghai Metals Market registered depleting aluminium prices all over China, with the SMM A00 aluminium ingot price losing RMB 50 per tonne to close at RMB 18,930 per tonne. The average aluminium prices have circulated between RMB 18,910 per tonne and RMB 18,950 per tonne. If we...
The average alumina spot price in China has slumped by RMB 4 per tonne, closing at RMB 3,002 per tonne. Alumina price in Shandong has negated RMB 10 per tonne to rest at RMB 2,965 per tonne. Alumina prices in Shanxi and Guangxi have both toned down by RMB 5 per tonne to park at RMB 3,010 per tonne...
On Tuesday, November 14, China’s A00 aluminium ingot price added RMB 60 per tonne to settle at RMB 18,910 per tonne, with the average prices between RMB 18,890 per tonne and RMB 18,930 per tonne. As per the Shanghai Metals Market (SMM) data, the prices have grown in all the provinces except in...
According to the Shanghai Metals Market survey, China’s aluminium production in October 2023 (31 calendar days) amounted to 3.641 million tonnes, flaunting a month-on-month rise of 3.35 per cent from 3.523 million tonnes. On a year-on-year calculation, the output stood 6.7 per cent higher than 3.42...
According to the Shanghai Metals Market, A00 aluminium ingot price has marked a decline for the third day in a row by RMB 280 per tonne to stand below RMB 19,000 per tonne as of Monday, November 13. Data shows the price has come in at RMB 18,850 per tonne, with average prices likely to range...
On Friday, November 10, China’s A00 aluminium ingot price dropped by RMB 40 per tonne to clock at RMB 19,130 per tonne, with the average prices between RMB 19,110 per tonne and RMB 19,150 per tonne. The spot contract price may be traded at a discount price of RMB 80 to RMB 40 per tonne. As per the...
On Thursday, November 9, the average alumina spot price in China has recorded a drop of RMB 2 per tonne to reach RMB 3,008 per tonne, according to the Shanghai Metals Market. The price has contracted after remaining restrained at RMB 3,010 per tonne from November 2 to 8. In Shandong and Shanxi, the...
On Wednesday, November 8, China’s A00 aluminium ingot price has gained RMB 60 per tonne to settle at RMB 19,230 per tonne, with the average prices standing between RMB 19,210 per tonne and RMB 19,250 per tonne. The spot contract price may be traded at a discount price of RMB 90 to RMB 50 per tonne....
Aluminium ADC12 alloy ingot prices fell by INR 3,000 per tonne to INR 192,000 per tonne despite steady raw material costs, namely casting scrap pricing, exw Delhi. The monthly average prices of tense scrap in India remained consistent at INR 155,000-156,000 per tonne exy Delhi. However, the...
The Shanghai Metals Market, on November 7 witnessed an overall spike in aluminium prices, with the SMM A00 aluminium ingot price adding RMB 50 per tonne to close at RMB 19,170 per tonne. The average aluminium prices have circulated between RMB 19,150 per tonne and RMB 19,190 per tonne. If we...
On Monday, November 6, China’s A00 aluminium ingot price dropped by RMB 50 per tonne to clock at RMB 19,120 per tonne, with the average prices between RMB 19,100 per tonne and RMB 19,140 per tonne. The spot contract price may be traded at a discount price of RMB 90 to RMB 50 per tonne. The domestic...
Indian aluminium giants, including Hindalco Industries Ltd, Vedanta Ltd, and National Aluminium Corporation (NALCO), have reportedly reduced their aluminium prices in response to the LME aluminium price fall this week from October 30 to November 3. The LME aluminium benchmark price encountered a...
