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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Teknodrom Valuable Maden Recycling Inc ., Turkey's first and only precious metals recycling plant, was established in 2015. Teknodrom, which began in the computer sector and subsequently moved on to the iron and steel business, gathered expertise in precious metal recycling (like gold, silver, and...
On Monday, June 12, the average alumina spot price has descended by RMB 10 per tonne to reside at RMB 2,833 per tonne. The price in Henan has decreased by RMB 20 per tonne to peg at RMB 2,900 per tonne. In Shandong and Shanxi, the alumina price has fallen by RMB 10 per tonne to clock at RMB 2,815...
The Shanghai Metal Market has escalated by RMB 130 per tonne in the aluminium spot price, officially stopping at RMB 18,650 per tonne today, June 9. The average aluminium price trends are between RMB 18,630 per tonne and RMB 18,670 per tonne. The premium and discount prices have hovered around RMB...
On Thursday, June 8, China’s A00 aluminium ingot price has grown by RMB 140 per tonne to halt at RMB 18,520 per tonne, with the average prices expected to range between RMB 18,500 per tonne and RMB 18,540 per tonne. The spot contract price is expected to be traded at a discount price of RMB 20 to a...
The Shanghai Metal Market has witnessed an upward stroke of RMB 100 per tonne in the aluminium spot price, officially stopping at RMB 18,380 per tonne today, June 7. The average aluminium price trends are between RMB 18,360 per tonne and RMB 18,400 per tonne. The premium prices have circled around...
On Tuesday, June 6, China’s A00 aluminium ingot price has slumped by RMB 160 per tonne to settle at RMB 18,280 per tonne, with the spot contract price expected to be traded at a discount price of RMB 40 per tonne to a premium price of RMB 0 per tonne. The average price is expected to range between...
The domestic aluminium scrap market remained stable. Price alternations by important industry participants had little impact on the market. Stress grade scrap was recorded at INR 163,000 per tonne, while utensil prices were INR 173,500 per tonne exy-Delhi. As a result, transactions remained mild,...
A00 aluminium ingot price in China has decreased over the weekend ending Monday, June 5, following two consecutive hikes on June 1 and June 2. According to the Shanghai Metals Market data, the ingot price has slumped by RMB 160 per tonne to settle at RMB 18,410 per tonne but stands higher...
China’s aluminium ingot inventories descended week-on-week across the eight central consumption zones, including SHFE warrants, to halt at 595,000 tonnes as of Thursday, June 1, marked Shanghai Metals Market in the weekly aluminium inventory chart. The aluminium inventories tumbled 62,000 tonnes...
On Friday, June 2, the A00 aluminium ingot price in China has hiked by RMB 170 per tonne to settle at RMB 18,570 per tonne, with the average prices between RMB 18,550 per tonne and RMB 18,590 per tonne. The spot contract price is expected to be traded at a premium price of RMB o to RMB 40 per...
The Shanghai Metal Market has seen RMB 120 per tonne augmentation in the aluminium spot price, stopping at RMB 18,400 per tonne today, June 1. The average aluminium price trends are between RMB 18,380 per tonne and RMB 18,420 per tonne. The premium prices have ranged around RMB 60 or 20 per tonne....
At the beginning of the last week, aluminium prices of Indian giants like Hindalco and Vedanta trended downwards in line with the LME aluminium price drop but increased later as the global benchmark price speared up. On Tuesday, May 23, Hindalco cut its aluminium ingot and aluminium products prices...
On Wednesday, May 31, China’s A00 aluminium ingot price has dropped by RMB 70 per tonne to close at RMB 18,280 per tonne, with the average prices estimated to range between RMB 18,260 per tonne and RMB 18,300 per tonne. The spot contract price is expected to be traded at a premium price of RMB 40...
The Shanghai Metal Market has recorded a decline of RMB 10 per tonne in the aluminium spot price, finally settling down at RMB 18,350 per tonne today, May 30. The average aluminium price trends are between RMB 18,330 per tonne and RMB 18,370 per tonne. The premium prices have hovered around RMB 110...
India's aluminium alloy ingot (ADC12) prices declined by INR 3,000 per tonne W-o-W to INR 196,000 per tonne. Due to lower demand, the market witnessed fewer transactions, which maintained prices on a downward trajectory. The downstream sectors, such as die-casting units and car production, are now...
The Shanghai Metal Market has marked a rise of RMB 50 per tonne in the aluminium spot price, finally settling down at RMB 18,160 per tonne today, May 26. The average aluminium price trends are between RMB 18,040 per tonne and RMB 18,180 per tonne. The premium prices have ranged around RMB 100 or...
As per Shanghai Metals Market, China’s social inventories of aluminium ingot kept shrinking week-on-week across the eight major consumption areas, including SHFE warrants, to halt at 657,000 tonnes as of Thursday, May 25. The aluminium inventories dropped 1,000 tonnes more than the previous week...
On Thursday, May 25, China's A00 aluminium ingot price has grown by RMB 20 per tonne to stand at RMB 18,110 per tonne. W-o-W, a decline of RMB 490 per tonne was registered from RMB 18,600 per tonne recorded last May 18. Today, the average prices are expected to range between RMB 18,090 per tonne...
