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 Thursday, September 14, China’s A00 aluminium ingot price showed no change to close at RMB 19,430 per tonne. The average prices ranged between RMB 19,410 per tonne and RMB 19,450 per tonne, with the spot contract prices expected to be traded at a discount price of RMB 10 to RMB 30 per tonne. As...
The average alumina spot price in China has shed RMB 1 per tonne, officiating at RMB 2,933 per tonne. The alumina price in Henan has added RMB 5 per tonne to stop at RMB 2,945 per tonne, while the alumina price in Shanxi has lost RMB 10 per tonne to settle at a similar rate as Henan. On September...
China’s aluminium production continued to grow in August 2023 (31 calendar days), standing above 3.6 million tonnes, according to the Shanghai Metals Market survey. Data showed the output clocked at 3.623 million tonnes, registering a 1.54 per cent M-o-M growth from 3.568 million tonnes and a 3.9...
On Tuesday, September 12, China's A00 aluminium ingot price added RMB 70 per tonne to close at RMB 19,520 per tonne. The average prices are expected to orbit between RMB 19,500 per tonne and RMB 19,540 per tonne, with the spot contract prices expected to be traded at a discount price of RMB 80 to...
Hailing from Surat, Gujrat, ARC7 Metals Pvt. Ltd. is a one-stop destination for high-quality aluminium alloy products. The company mainly works with ADC12 alloys and is well known for its superior quality and tenacity. AL CircleBiz has onboarded the firm on the world’s first B2B platform for...
On Thursday, September 7, China’s aluminium ingot inventories across eight major consumption areas amounted to 517,000 tonnes, registering a week-on-week hike of 24,000 tonnes from 493,000 tonnes, found the Shanghai Metals Market survey. However, from Monday, November 4, the inventories dropped by...
The Shanghai Metals Market on September 11 experienced marginally elevating prices all over China, with the SMM A00 aluminium ingot price gaining RMB 30 per tonne to officially close at RMB 19,450 per tonne. The average prices have ranged between RMB 19,430 per tonne and RMB 19,470 per tonne. If we...
On Friday, September 8, the A00 aluminium ingot price in China dipped by RMB 50 per tonne to a halt at RMB 19,420 per tonne, with the average prices between RMB 19,400 per tonne and RMB 19,440 per tonne. The spot contract price is expected to be traded at a premium price of RMB 0 to RMB 40 per...
The 2023 Guangxi Top 100 Private Enterprises Press Conference was held in Nanning on September 5th. Guangxi Ping Aluminum Group ranked 15th in the "2023 Guangxi Top 100 Private Enterprises" and 11th in the "2023 Guangxi Top 100 Private Enterprises in Manufacturing Industry". Leaders such as Wang...
On September 7, the Shanghai Metals Market witnessed escalating aluminium prices all over China, with the SMM A00 aluminium ingot price heightening by RMB 160 per tonne to officially close at RMB 19,470 per tonne. The average prices have circled between RMB 19,450 per tonne and RMB 19,490 per...
On Wednesday, September 6, the average alumina spot price in China gained RMB 7 per tonne, settling at RMB 2,933 per tonne. As per the Shanghai Metal Exchange (SMM) data, M-o-M, the alumina price had expanded by RMB 37 per tonne or 1.27 per cent from RMB 2,896 per tonne recorded on August 7. As of...
Emirates Metal Trading Co ., one of the leading importers and suppliers of aluminium ingot, extrusion scrap, pipe and pipe fittings, has been successfully registered by AL CircleBiz to its list of 1500+ verified sellers. AL CircleBiz is the world's first global marketplace, connecting millions of...
The Shanghai Metals Market on September 5 experienced declining aluminium prices all over China, with the SMM A00 aluminium ingot price diving down by RMB 170 per tonne to officially close at RMB 19,240 per tonne. The average prices have circled between RMB 19,220 per tonne and RMB 19,260 per...
The Shanghai Metals Market (SMM) on Monday, September 4, opened the week with a contraction of RMB 200 per tonne to settle at RMB 19,410 per tonne. The spot contract price is expected to be traded at a premium price of RMB 0 to RMB 40 per tonne. The average prices may orbit between RMB 19,390 per...
According to Japan Metal Daily, the loading price (base price) of aluminium ingots equipped with large strings, which serves as a crucial indicator for determining the prices of Japanese rolled aluminium products available in retail outlets, has been firmly set at JPY 390 per kilogram (equivalent...
Indian aluminium giants like Hindalco, Vedanta, and NALCO have increased their aluminium prices twice this week in line with the LME aluminium price rally by US$64.50 per tonne from August 29-September 1. Hindalco Industries Limited upgraded its aluminium prices on August 31 by INR 2,500 per tonne...
On September 1, today, the Shanghai Metals Market has witnessed enormous growth in aluminium prices all over China, with the SMM A00 aluminium ingot price augmenting by RMB 450 per tonne to officially close at RMB 19,610 per tonne. The average prices have ranged between RMB 19,590 per tonne and RMB...
Huomei Hongjun Aluminum and Electricity Company has built the country's first automatic production line for aluminium ingot casting, which automates slag breaking, ingot casting, packaging, weighing, and other processes. The announcement was made by Liu Ruihong, Secretary of the Party Committee of...
