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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TRIMET Aluminium SE, located in Essen, Germany, has been enlisted against the ASI Performance Standard Certification for the development, production, and sale of various aluminium products. These include extrusion billets, rolling ingots, and primary die-casting alloys made from primary and...
The Shanghai Metal Market has reported a descent of RMB 170 per tonne in the aluminium spot price, finally settling down at RMB 18,370 per tonne today, May 22. The average aluminium price trends are between RMB 18,350 per tonne and RMB 18,390 per tonne. The premium prices have ranged around RMB 170...
As it was predicted by the Shanghai Metals Market last week, China’s social inventories of aluminium ingot tanked by a massive 81,000 tonnes week-on-week across the eight major consumption areas, including SHFE warrants, to halt at 706,000 tonnes as of Thursday, May 18. It is a good sign that the...
After recording back-to-back growth over the past few days, the A00 aluminium ingot price has dropped by RMB 60 per tonne on Friday, May 19, to reach RMB 18,540 per tonne. On a W-o-W calculation, a hike of RMB 650 per tonne was recorded from RMB 17,890 per tonne on May 12. As per the SMM data, the...
Aluminium alloy ingot (ADC12) prices remained stable W-o-W at INR 199,000 per tonne exw Faridabad due to limited transactions in the market. However, although some vendors quoted higher rates, actual transactions were reported to be in the range of INR 198,000 per tonne-200,000 per tonne after...
Last week, both Hindalco and Vedanta back-to-back cut their aluminium prices on May 11 and 12 in response to the LME aluminium price fall of US$92 per tonne in just two days. However, the companies started the week on May 10 with a rise in their aluminium ingot prices by INR 3,000 per tonne and INR...
On Wednesday, May 17, China’s A00 aluminium ingot price has extended its growth for the third consecutive day by RMB 150 per tonne to settle at RMB 18,390 per tonne. The average prices are expected to range between RMB 18,370 per tonne and RMB 18,410 per tonne. The spot contract price may be traded...
According to our source, China's Shandong Nanshan wants to expand its new Indonesian alumina refinery site to a USD$6 billion aluminium smelting complex by 2028, making it one of the most significant foreign investments in the country. Shandong Nanshan is incorporated among many private Chinese...
According to the Shanghai Metals Market, China’s social inventories of aluminium ingot further tumbled by 48,000 tonnes over a week across the eight major consumption areas, including SHFE warrants, to halt at 787,000 tonnes as of Thursday, May 11. We see the beginning of May to be sluggish, but...
On Thursday, May 11, China’s A00 aluminium ingot price has decreased by RMB 70 per tonne to halt at RMB 18,320 per tonne. A W-o-W calculation recorded a slump of RMB 190 per tonne from RMB 18,510 per tonne. Today, the average prices are expected to stand between RMB 18,300 per tonne and RMB 18,340...
China’s A00 aluminium ingot price has increased by RMB 30 per tonne levitation in China, officially closing at RMB 18,390 per tonne, as the Shanghai Metals Market recorded on May 10, Wednesday. The average prices are expected to range between RMB 18,370 per tonne and RMB 18,410 per tonne, with spot...
India’s aluminium scrap, finished and semi-finished products exports in March 2023 reflected month-on-year and year-on-year growth of 11 per cent and 15 per cent, respectively, to reach 213,960 tonnes. A month ago, India exported 193,214 tonnes of aluminium and a year earlier, the country shipped...
According to the Shanghai Metals Market (SMM), A00 aluminium ingot price in China has fallen by RMB 110 per tonne on Tuesday, April 9, to stand at RMB 18,360 per tonne. The spot contract prices are expected to be traded at a premium price of RMB 20 to RMB 60 per tonne, with the average prices...
China’s social inventories of primary aluminium across eight major consumption areas, including SHFE warrant, recorded a fall of 18,000 tonnes week-on-week to stand at 835,000 tonnes as of Thursday, May 4, found the Shanghai Metals Market data. On a year-on-year calculation, aluminium ingot...
On Friday, May 5, A00 aluminium ingot price in China slumped by RMB 150 per tonne to settle at RMB 18,360 per tonne, with the average prices standing between RMB 18,340 per tonne and RMB 18,380 per tonne. The spot contract price is expected to be traded at a discount price of RMB 10 per tonne to a...
A00 aluminium ingot price has gained RMB 30 per tonne, officially closing at RMB 18,510 per tonne, as the Shanghai Metals Market recorded on May 4, Thursday. The average prices are expected to range between RMB 18,490 per tonne and RMB 18,530 per tonne, with spot contracts trading at discount...
The three major Indian aluminium producers – Hindalco, Vedanta, and NALCO cut their aluminium prices last week in line with the LME aluminium price fall by US$46.50 per tonne over the week from US$2,388.50 per tonne on April 21 to US$2,342 per tonne on April 28. Hindalco reportedly curtailed INR...
According to the Iranian Mines and Mining Industries Development and Renovation Organization (IMIDRO) data, Iran’s aluminium ingot production during the calendar year 1401 (ended March 20, 2023) stood at 632,166 tonnes. On a year-on-year calculation, Iran’s primary aluminium output edged an...
