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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On November 3, the Shanghai Metals Market experienced mixed aluminium price trends, with the SMM A00 aluminium ingot price negating RMB 20 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 consider...
In October 2023, China encountered an assorted journey in terms of price movement across the aluminium value chain. Being obligated to the unenthusiastic demand among downstream sector, China’s domestic primary aluminium ingot price continued to fall in the said month. On the other hand, the...
China’s A00 aluminium ingot price experienced a growth of RMB 50 per tonne on Thursday, November 2, to clock at RMB 19,190 per tonne. The prices have expanded in all the provinces. One of the main reasons for the price hike can be attributed to a significant development in China’s aluminium...
On the eve of October 27, a few leading Chinese aluminium companies announced their third-quarter results, revealing a year-on-year drop in revenues and net profits. For instance, Shandong Nanshan Aluminium earned RMB 21.69 billion in revenue in the first three quarters of 2023, down by 18.24 per...
The Shanghai Metals Market, on November 1, witnessed an accelerating trait in aluminium prices, with the SMM A00 aluminium ingot price adding RMB 60 per tonne to close at RMB 19,140 per tonne. The average aluminium prices have circulated between RMB 19,120 per tonne and RMB 19,160 per tonne. When...
On Tuesday, October 31, China’s A00 aluminium ingot price dropped by RMB 70 per tonne to clock at RMB 19,080 per tonne, with the average prices between RMB 19,060 per tonne and RMB 19,100 per tonne. The spot contract price may be traded at a discount price of RMB 100 per tonne to RMB 60 per tonne....
On October 30, the Shanghai Metals Market experienced escalating aluminium price movements, with the SMM A00 aluminium ingot price augmenting by RMB 240 per tonne to close at RMB 19,150 per tonne. The average aluminium prices have circulated between RMB 19,130 per tonne and RMB 19,170 per tonne....
Fujian Nanping Aluminium Co., LTD. has acquired ASI Performance Standard V3 (2022) Certification for three divisions within its Yanping District, Nanping City, Fujian Province, China factory. The divisions include the Foundry Branch, responsible for producing aluminium alloy round ingots; the...
China’s A00 aluminium ingot price on Friday, October 24, has fallen by RMB 110 per tonne to clock at RMB 18,910 per tonne, with the average prices between RMB 18,890 per tonne and RMB 18,930 per tonne. The spot contract price may be traded at a discount price of RMB 40 per tonne and a premium price...
The recent dynamics in the Indian market for aluminium ADC12 alloy ingots and scrap metals have resulted in numerous notable developments. This week, the price of ADC12 alloy has stayed steady at INR 184,000 per tonne. Concurrently, the price of tense scrap in the Delhi market has remained steady,...
On Thursday, October 26, A00 aluminium ingot price has recorded a drop of RMB 70 per tonne after a hike last day. Nevertheless, the price is still standing above RMB 19,000 per tonne, found the Shanghai Metals Market. According to the data, A00 aluminium ingot price has come in at RMB 19,020 per...
The primary aluminium sector has been extremely busy this week, with the state-controlled Egyptian Aluminium Company (Egyptalum) extending the deadline for its smelter expansion project by one month. The new submission deadline is 12 November, instead of the initial date of 12 October, following...
PT Alloy Indo Nusantara is a highly respected aluminium ingot manufacturer that is committed to delivering exceptional products to its customers. Their focus on excellence, innovation, and customer satisfaction has helped them become a prominent player in the industry. AL Biz is immensely proud to...
On Thursday, October 19, China’s A00 aluminium ingot price gained RMB 90 per tonne to clock at RMB 19,110 per tonne, with the spot contract price traded at a premium price of RMB 90 to RMB 130 per tonne. The average price on the same day may range between RMB 19,090 per tonne and RMB 19,130 per...
Aluminium Stewardship Initiative has reportedly acknowledged Hindalco’s Renukoot Downstream facility in Uttar Pradesh against Performance Standard V2 (2017) Certification for remelting and refining activities, casthouses, and semi-fabrication. The facility manufactures aluminium ingots, wire rods,...
On Tuesday, October 17, the average alumina spot price in China added RMB 6 per tonne to clock at RMB 2,985 per tonne, followed by a growth of RMB 10 per tonne in Shandong, Henan and Shanxi to peg at RMB 2,950 per tonne, RMB 2,990 per tonne and RMB 3,005 per tonne. In Shanxi, the price has...
The Russian aluminium giant Rusal is expanding its presence in the Japanese market by introducing its "PEFA" aluminium alloy ingots. The resulting alloy, called PEFA (Primary Equivalent Foundry Alloys), contains 20 per cent aluminium scrap added to the aluminium melt during production. One...
The Indian aluminium alloy ingot market has witnessed a price decline in recent weeks. However, there is some positive news to report. Raw material availability has increased, and there has been a drop in LME futures contracts, which has resulted in a w-o-w US$30-40 per tonne price decline....
