Macro disturbances cap upside room, while destocking continues to support aluminium price stabilisation
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,...
Accelerated destocking of aluminium ingots lifts aluminium price centre, while peak-season performance is expected to cap upside room
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...
Grow with
AL Circle
China’s A00 aluminium ingot price drops RMB20/t with uneven price change in provinces; Low carbon aluminium price falls by RMB12/t
A00 aluminium ingot price in China has plummeted by RMB 20 per tonne on July 20, Wednesday. According to the Shanghai Metals Market, the price has accurately settled at RMB 17,880 per tonne, with average prices estimated to range between RMB 17,860 per tonne and RMB 17,900 per tonne and spot...
Hindalco expands its aluminium ingot price by INR4250/t in response to LME price rally over the weekend
Hindalco Industries Limited has increased its aluminium ingot and aluminium products prices, with effect from Tuesday, July 19, following a cut last week, July 15. Hindalco’s aluminium ingot price has witnessed a hike of INR 4,250 per tonne to stand at INR 221,500 per tonne. On July 15, the price...
NALCO’s aluminium ingot price shrinks by 2.4% to INR216,350-219,850/t w.e.f. July 15
National Aluminium Company Limited (NALCO) continued to axe its aluminium ingot and aluminium products prices, with effect from Friday, July 15. The company reduced its aluminium ingot price by INR 5,400 per tonne or 2.4 per cent to INR 216,350-219,850 per tonne. A week ago, July 8, NALCO’s...
China’s A00 aluminium ingot price heightens RMB320/t to begin the week; High purity aluminium price rises by RMB300/t
A00 aluminium ingot price has seen a substantial spike of RMB 320 per tonne to begin the week at RMB 17,740 per tonne, as recorded by the Shanghai Metals Market on Monday, July 18. The average prices are expected to range between RMB 17,720 per tonne and RMB 17,760 per tonne, with spot contracts to...
China’s primary aluminium ingot inventory gradually declines W-o-W to 697,000 tonnes on July 14
According to the Shanghai Metals Market, primary aluminium inventories in China witnessed a steep downfall of 26,000 tonnes week-on-week across eight major consumption areas, including SHFE warrants. Therefore, on Thursday, July 14, the inventories totalled 697,000 tonnes, which in comparison with...
China’s A00 aluminium ingot suffers an RMB160/t price decline; High purity aluminium price drops by RMB100/t
A00 aluminium ingot price in China has plummeted by RMB 160 per tonne on July 14, Thursday. According to the Shanghai Metals Market, the price has precisely settled at RMB 17,440 per tonne, with average prices estimated to range between RMB 17,420 per tonne and RMB 17,460 per tonne and spot...
A00 aluminium ingot price in China slumps by RMB390/t to RMB17,600/t; Australian Alumina FOB price drops by US$12/t
On Wednesday, July 13, the A00 aluminium ingot price in China has declined by RMB 390 per tonne to halt at RMB 17,600 per tonne. As per the SMM data, the average price for the same is expected to range between RMB 17,580 per tonne and RMB 17,620 per tonne, with spot contract to be traded at a...
China’s A00 aluminium ingot price loses RMB190/t today; Alumina spot price inches up by RMB1/t
A00 aluminium ingot price in China has witnessed a plunge of RMB 190 per tonne on July 12, Tuesday. According to the Shanghai Metals Market, the price has precisely settled at RMB 17,990 per tonne, with average prices estimated to range between RMB 17,970 per tonne and RMB 18,010 per tonne and spot...
China’s A00 aluminium ingot price opens the week with a decline of RMB280/t; Average alumina spot price moves up by RMB4/t
On Monday, July 11, A00 aluminium ingot price in China opened the week with a dropdown of RMB 280 per tonne to settle at RMB 18,180 per tonne. The average price for the same is expected to range between RMB 18,160 per tonne and RMB 18,200 per tonne, with spot contract to be traded at a discount...
NALCO’s aluminium prices undergo a revision after two weeks; ingot price falls by INR1700/t to INR221,750-225,250/t
After almost two weeks and close observation to the fluctuating LME aluminium price trend, NALCO revised its aluminium ingot and aluminium products prices on July 8. As per the price chart revealed, NALCO slightly cut its aluminium ingot price by INR 1,700, following two consecutive significant...
Hindalco’s aluminium wire rod price uptrends by 1.69% to INR233, 850/t w.e.f July 8
Hindalco Industries Limited has revised its aluminium products and aluminium ingot prices this week, which, as per the data, has trended up after witnessing a cut on July 6. With effect from July 8, Hindalco has scaled up its aluminium wire rod price by INR 3,750 per tonne or 1.69 per cent to INR...
Vedanta escalates its aluminium ingot selling price by 2% to INR 220,500-252,000/t on July 8
Vedanta Limited has escalated its aluminium ingot and aluminium products prices with effect from Friday, July 8, following two consecutive days of cut on July 6 & 7. As per the price chart revealed, Vedanta has hiked its aluminium ingot price by INR 4,250 per tonne or 1.97 per cent to INR...
E-waste and aluminium scrap recycling to be accelerated in Ghana: Govt
Ghana’s Ministry of Environment, Science, Technology and Innovation is keen on forming a circular economy module where scrap metals and other essential wastes would act as a tertiary resource for recycling and reuse. While answering questions posed by the MP of Akan, Yao Gomado, in the parliament,...
China’s A00 aluminium ingot price drops by RMB10/t to RMB18230/t; Average alumina spot price inches up by RMB1/t
A00 aluminium ingot price in China has decreased by RMB 10 per tonne to settle at RMB 18,230 per tonne, as recorded by the Shanghai Metals Market on Thursday, July 7. The average prices are expected to range between RMB 18,210 per tonne and RMB 18,250 per tonne, with spot contracts to be traded at...
Hindalco chops its aluminium ingot and products prices by INR4750/t on July 6
Hindalco Industries Limited has slashed its aluminium ingot and aluminium products prices, with effect from July 6, following a hike on the previous day. Hindalco has axed its aluminium ingot price by INR 4,750 per tonne or 2.12 per cent to INR 219,000 per tonne. On July 5, the company’s ingot...
Vedanta increases its aluminium wire rod price by INR3000/t w.e.f. July 5 as LME price grows over the weekend
Vedanta Limited has increased its aluminium products and aluminium ingot prices for the second time in a row, with effect from Tuesday, July 5. The company expanded its aluminium wire rod price by INR 3,000 per tonne to INR 231,000- 238,500 per tonne versus INR 228,000- 235,500 per tonne on July 1....
China’s A00 aluminium price faces a huge slump of RMB790/t resting at RMB18240/t; Alumina price in Shanxi records RMB5/t hike
A00 aluminium ingot price in China has witnessed a massive plunge of RMB 790 per tonne on July 6, Wednesday. According to the Shanghai Metals Market, the price has precisely settled at RMB 18,240 per tonne, with average prices estimated to range between RMB 18,220 per tonne and RMB 18,260 per tonne...
China’s A00 aluminium ingot price declines by RMB140/t to RMB19,030/t; Aluminium alloys (ADC12) price plunge by RMB100/t
On Tuesday, July 5, China’s A00 aluminium ingot price has dropped by RMB 140 per tonne to settle at RMB 19,030 per tonne, following a hike the previous day. The average price is expected to range between RMB 19,010 per tonne and RMB 19,050 per tonne, with spot contract to be traded at a discount...
