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 Friday, October 13, China's A00 aluminium ingot price nosedived by RMB200 per tonne to close at RMB 19,050 per tonne, with the average prices standing between RMB 19,030 per tonne and RMB 19,070 per tonne. The spot contract price may be traded at a discount price of RMB 10 per tonne and a...
On October 12, the Shanghai Metals Market experienced dampening aluminium prices all over China, with the SMM A00 aluminium ingot price plunging by RMB 120 per tonne to officially close at RMB 19,250 per tonne. The average prices have ranged between RMB 19,230 per tonne and RMB 19,270 per tonne. If...
On Wednesday, October 11, China's A00 aluminium ingot price witnessed a fall of RMB 140 per tonne to RMB 19,370 per tonne, with the average prices ranging between RMB 19,350 per tonne and RMB 19,390 per tonne. The spot contract prices may be traded at a premium price of RMB 30 to RMB 70 per tonne....
According to the Shanghai Metals Market survey, China’s social inventories of aluminium ingot recorded a significant rise across the eight major consumption areas, including SHFE warrants, as the market resumed on October 7 from a week-long Mid-Autumn Festival holiday. On October 7, the inventories...
During the previous week, the Indian base metals market displayed a mixed performance, with positive and negative moves and some minor price swings. Although domestic aluminium prices remained relatively stable, the imported market experienced higher price volatility. Throughout the week, the...
AL CircleBiz , the world's first global B2B aluminium marketplace connecting millions of buyers and sellers along the value chain, has onboarded Sommet Group , a leading manufacturer and exporter of non-ferrous metal alloys, wires and rods successfully. Sommet Group , founded in 1998, is the...
Indian aluminium players have increased their aluminium selling price this week in tandem with the LME aluminium growth trend. Vedanta has increased its aluminium ingot and aluminium products prices twice this week, while Hindalco once so far. On Friday, September 29, Vedanta expanded its aluminium...
According to the Iranian Mines and Mining Industries Development and Renovation Organisation (IMIDRO), aluminium ingot production in Iran during the first five months of the Iranian calendar year (March 21-August 22) amounted to 267,983 tonnes, reflecting a drop of 3,243 tonnes or 1.20 per cent...
On Thursday, September 28, China’s A00 aluminium ingot price gained RMB 70 per tonne to score at RMB 19,850 per tonne, with the average prices between RMB 19,830 per tonne and RMB 19,870 per tonne. The spot contract price may be traded at a premium price of RMB 130 to RMB 170 per tonne. The price...
China’s average alumina spot price has increased by RMB 4 per tonne to officiate at RMB 2,951 per tonne. The alumina price in Shanxi has amped up to RMB 2,970 per tonne, with RMB 10 per tonne addition. The alumina price in Guangxi has gained RMB 5 per tonne to park at RMB 2,960 per tonne. The...
On Tuesday, September 26, China's A00 aluminium ingot price ascended by RMB 70 per tonne to score at RMB 19,800 per tonne, with the average prices expected to range between RMB 19,780 per tonne and RMB 19,820 per tonne. The spot contract price may be traded at a premium price of RMB 180 to RMB 200...
According to the Shanghai Metals Market survey, A00 aluminium ingot price has opened this week on Monday, September 25, with a marginal drop of RMB 10 per tonne to stand at RMB 19,730 per tonne. The average prices are estimated to range between RMB 19,710 per tonne and RMB 19,750 per tonne, with a...
On Friday, September 22, A00 aluminium ingot price in China gained RMB 90 per tonne to close at RMB 19,740 per tonne, with the average prices between RMB 19,720 per tonne and RMB 19,760 per tonne. The spot contract price is expected to be traded at a premium price of RMB 210 per tonne to RMB 250...
On Wednesday, September 20, China’s A00 aluminium ingot price has dropped by RMB 20 per tonne to close at RMB 19,490 per tonne. According to the Shanghai Metal Exchange (SMM) data, the domestic aluminium ingot price had a growth of RMB 60 per tonne W-o-W from RMB 19,430 per tonne on September 13....
The average alumina spot price has continued to grow for the second day in a week, dating September 19, by RMB 2 per tonne to settle at RMB 2,937 per tonne, found the Shanghai Metals Market survey. In the past two days, the price has increased by RMB 4 per tonne, marking a month-on-month hike of...
On Monday, September 18, China’s A00 aluminium ingot price has dropped by RMB 160 per tonne to close at RMB 19,380 per tonne, with the average prices standing between RMB 19,360 per tonne and RMB 19,400 per tonne. The spot contract prices may be traded at a premium price of RMB 200 to RMB 240 per...
The Shanghai Metals Market, on September 15, experienced a heightening streak in aluminium prices all over China, with the SMM A00 aluminium ingot price soaring by RMB 110 per tonne to officially close at RMB 19,540 per tonne. The average prices have ranged between RMB 19,520 per tonne and RMB...
Aluminium Stewardship Initiative (ASI) announced that Befesa Aluminio's aluminium recycling factory in Erandio, Vizcaya, Spain, has been accredited with the ASI Performance Standard V3 (2022) Certification. The facility produces three finished products: aluminium ingots and alloys for moulding,...
