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 data, China’s primary aluminium imports reached 89,400 tonnes in June 2023, registering an increase of 20.7 per cent month-on-month and a surge of 213.6 per cent over a year. The primary aluminium exports in June totalled 32,900 tonnes - 187 per cent more...
According to the Shanghai Metals Market data, social inventories of aluminium ingot totalled 525,000 tonnes across eight major Chinese consumption areas, including SHFE warrants, as of Thursday, August 3. On a week-on-week basis, the inventories dropped by 11,000 tonnes, and on an annual basis,...
According to the SMM aluminium live price chart today, China’s aluminium ingot price has shed RMB 10 per tonne to rest at RMB 18,480 per tonne, with the average prices ranging between RMB 18,460 per tonne and RMB 18,500 per tonne. If we consider July 27, the aluminium ingot price was RMB 18,490 per...
The Shanghai Metal Market, today, on August 4, has marked a jump of RMB 6 per tonne in China’s alumina spot price, with it officially halting at RMB 2,893 per tonne, while in Shandong and Shanxi, the alumina spot prices have seen a spike of RMB 10 per tonne, closing at RMB 2,855 per tonne and RMB...
Japanese buyers have reportedly agreed to the premium of $127.50 per tonne for aluminium shipments for the third quarter of 2023, close to $125-130 per tonne range in the previous quarter ended June 30. The premium remains restrained for the September quarter due to ample stocks and sluggish...
As per the SMM market price chart, the alumina spot price in China has increased by RMB 5 per tonne to rest at RMB 2,881 per tonne, while the alumina price in Shandong has rocketed RMB 10 per tonne, closing at RMB 2,840 per tonne. Other than that, the SMM alumina price in Henan, Shanxi and Guangxi...
The domestic average alumina spot price in China has recorded an increase of RMB 4 per tonne on Tuesday, August 1, to reach RMB 2,876 per tonne, found the Shanghai Metals Market data. Throughout the previous month, the price trended up by RMB 54 per tonne to close at RMB 2,872 per tonne. With the...
On Monday, July 31, the A00 aluminium ingot price in China gained RMB 30 per tonne, settling at RMB 18,380 per tonne. The spot contract price is expected to be traded at a discount price of RMB 20 per tonne to a premium price of RMB 20 per tonne, with average prices between RMB 18,360 per tonne and...
The fourth-largest chain of supermarkets in the United Kingdom, Morrisons, will conduct a trial run of the in-store recycling points for coffee machines launched in association with Podback. The partnership with Podback will first be tested in 29 Morrisons locations. Customers will need to use...
On Friday, July 28, the average alumina spot price in China has grown by RMB 7 per tonne to close at RMB 2,871 per tonne. The price in Guangxi has gained RMB 10 per tonne to settle at RMB 2,865 per tonne, followed by a hike of RMB 5 per tonne in Shanxi and Guizhou to clock at RMB 2,880 per tonne...
According to the SMM data, on Thursday, July 27, China's A00 aluminium ingot price surged by US$140 per tonne to close at RMB 18,490 per tonne. The spot contract price is expected to be traded at a premium price of RMB 0 to RMB 40 per tonne, and the average prices are expected to stand between RMB...
On Monday, July 26, China's A00 aluminium ingot price extended its growth for the fifth consecutive day. As per SMM, the price has gained RMB 10 per tonne to close at RMB 18,350 per tonne, with the spot contract price expected to be traded at a premium price of RMB 0 to RMB 40 per tonne. The...
The average alumina spot price in China has climbed up for the seventh consecutive day to reach RMB 2,852 per tonne on Tuesday, July 25, found the Shanghai Metals Market. The price has increased by RMB 3 per tonne to tower RMB 11 per tonne over a week. However, today's growth has only touched upon...
The Shanghai Metal Market (SMM), today, on July 24, has recorded a growth of RMB 10 per tonne to settle at RMB 18,320 per tonne. On a Y-o-Y calculation, the price expanded by RMB 480 per tonne from RMB 17,840 per tonne recorded on July 25 2022. The average price as of today is expected to range...
Hindalco and Vedanta’s aluminium prices stood lower by the end of the week after several cuts from July 18 to 20, 2023. On Tuesday, July 18, Hindalco axed its aluminium ingot price by INR 3,750 per tonne to INR 212,250 per tonne. The company’s aluminium wire rod and billet prices also saw a similar...
The Shanghai Metal Market, today, on July 19, notified that China’s aluminium ingot price has deflected RMB 100 per tonne downwards to officially settle at RMB 18,270 per tonne, with average prices circling between RMB 18,250 per tonne and RMB 18,290 per tonne. The SMM aluminium price today is...
On Tuesday, July 18, China’s A00 aluminium ingot price has grown by RMB 20 per tonne to close at RMB 18,370 per tonne. On a W-o-W calculation, a hike of RMB 120 per tonne was witnessed from RMB 18,250 per tonne recorded on July 12. As of today, the average prices are estimated to range between RMB...
Maruti Suzuki India Limited, the largest automobile manufacturer in India and a major consumer of aluminium, has released its monthly settlement prices for aluminium ADC12 alloy ingots for July 2023 at INR INR 204,000 per tonne. This is a decrease of INR 2,900 per tonne compared to its settlement...
