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 a recent report, Egypt Aluminium, popularly known as Egyptalum, has set a target for the fiscal year 2023-24, which includes a plan to achieve EGP 3.12 billion in net profit after tax. This marks an increase of 3.31 per cent from the previous year’s target of 3.02 billion. Egyptalum...
On Monday, April 10, China’s A00 aluminium ingot price opened the week with a drop of RMB 50 per tonne to halt at RMB 18,620 per tonne, with the spot contract price expected to be traded at a discount price of RMB 50 to RMB 10 per tonne. The average prices are expected to range between RMB 18,600...
Hindalco, NALCO, and Vedanta have trimmed their aluminium ingot and aluminium products prices at the end of the week in response to the LME aluminium price fall over the past three days. However, at the beginning of the week, on April 4, Hindalco and Vedanta lifted their aluminium ingot prices to...
Press Metal Aluminium Holdings Bhd (Press Metal) has received an export order of aluminium ingots priced at RM110 million from Hong Kong's Daching Enterprises Ltd (Daching). The company has forged a five-year contract ensuring a similar export deal worth RM670 million with the latter. In a press...
A00 aluminium ingot price has grown by RMB 60 per tonne, officially closing at RMB 18,670 per tonne, as the Shanghai Metals Market recorded on April 7, Friday. The average prices are expected to range between RMB 18,650 per tonne and RMB 18,690 per tonne, with spot contracts trading at discount...
On Thursday, April 6, China’s A00 aluminium ingot price has grown by RMB 20 per tonne to halt at RMB 18,610 per tonne. The spot contract price is expected to be traded at a discount price of RMB 50 to RMB 10 per tonne. The average prices are expected to range between RMB 18,590 per tonne and RMB...
According to the Shanghai Metals Market, China’s social inventories of primary aluminium across eight major consumption areas, including SHFE warrants, stood further down over the weekend by 22,000 tonnes as of Monday, April 3. Thus, SMM data showed the inventories totalled 1.066 million tonnes on...
On Tuesday, April 4, the average alumina spot price slumped by RMB 12 per tonne to halt at RMB 2,921 per tonne. The prices in Henan and Shanxi have dropped by RMB 20 per tonne and RMB 15 per tonne to come in at RMB 2,960 per tonne and RMB 2,955 per tonne. In other provinces like Shandong and...
According to the Shanghai Metals Market survey, A00 aluminium ingot price has slipped by RMB 60 per tonne over the weekend ended April 3, 2023. Following the increase of RMB 90 per tonne to RMB 18,670 per tonne on March 31, the price has trended down to RMB 18,610 per tonne on April 3. The average...
India’s top three aluminium players – NALCO, Hindalco, and Vedanta have elevated their aluminium ingot and aluminium products this week in tandem with the LME aluminium benchmark price hike. NALCO this week, with effect from Tuesday, March 28, lifted its aluminium ingot price by INR 5,600 per tonne...
On Friday, December 31, China’s A00 aluminium ingot price has grown by RMB 90 per tonne to stand at RMB 18,670 per tonne, with the average prices standing between RMB 18,650 per tonne and RMB 18,690 per tonne. The spot contract price is expected to be traded at a discount price of RMB 90 to RMB 50...
According to the Shanghai Metals Market, China’s social inventories of aluminium ingot further lost 38,000 tonnes over a week across the eight major consumption areas, including SHFE warrants, to stand at 1.09 million tonnes as of Thursday, March 30. But it is to be noted that the weekly decline...
China’s A00 aluminium ingot price has shown no change to close at RMB 18,590 per tonne, with the average prices between RMB 18,570 per tonne and RMB 18,610 per tonne. The spot contract is expected to be traded at a discount price of RMB 70 to RMB 30 per tonne. As per the data, the A00 aluminium...
A00 aluminium ingot price has levitated by RMB 190 per tonne, officially closing at RMB 18,590 per tonne, as the Shanghai Metals Market recorded on March 28, Tuesday. The average prices are expected to range between RMB 18,570 per tonne and RMB 18,610 per tonne, with spot contracts trading at...
According to the Shanghai Metals Market survey, China’s social inventories of aluminium ingot have continued destocking over the weekend ending March 27, 2023. Data shows the inventories have decreased by 18,000 tonnes from Thursday, March 23, to total 1.11 million tonnes but stand 55,000 tonnes...
On Monday, March 27, China’s A00 aluminium ingot price has grown by RMB 80 per tonne to stand at RMB 18,400 per tonne. On a W-o-W calculation , a hike of RMB 160 was witnessed from RMB 18,240 per tonne recorded on Monday, March 20. Today, the average prices are expected to be between RMB 18, 380...
According to the Shanghai Metals Market, China's primary aluminium inventories have witnessed a considerable slump of 85,000 tonnes on a weekly basis across eight major consumption areas, including SHFE warrants. On Thursday, March 23, the inventories came in at 1,126,000 tonnes, which in...
Vedanta Limited added INR 2,250 per tonne to its aluminium ingot and aluminium products prices on March 24 after two consecutive cuts last week. This week's hike brought the company’s aluminium ingot price to INR 215,750-246,250 per tonne versus INR 213,500-244,000 per tonne on March 18. Vedanta’s...
