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 alumina spot price continues to surge by RMB73/t to RMB2972/t; A00 aluminium ingot price hikes by RMB130/t
The average alumina spot price in China has surged for the second day in a row by RMB 73 per tonne to come in at RMB 2,972 per tonne as of Tuesday, January 18. In Henan and Shanxi, the price has soared by RMB 85 per tonne to settle at RMB 2,995 per tonne. The average prices are expected to range...
Alumina spot price in China hikes by RMB 37/t to close at RMB 2,899/t; A00 aluminium ingot price slips by RMB 90/t
On Monday, January 17, the average alumina spot price in China has opened the week on Monday with an increase of RMB 37 per tonne to stand at RMB 2,899 per tonne, found the Shanghai Metals Market. The average alumina spot price in Guizhou and Guangxi has moved up by RMB 70 per tonne to peg at RMB...
NALCO’s aluminium ingot price grows by INR2100/t to hover around INR249,550- 253,050/t w.e.f. January 14
National Aluminium Company Limited (NALCO) continued to increase its aluminium ingot and aluminium products prices for the second time in a row, with effect from Friday, January 14. The company’s aluminium ingot price saw a rise of INR 2,100 per tonne to a range between INR 249,550- 253,050 per...
Hindalco’s aluminium wire rod price sees a cut of INR3500/t after several hikes since January 5
Hindalco Industries Limited has reduced its aluminium products and aluminium ingot prices, with effect from Friday, January 14, after the four consecutive hikes since January 5, 2022. The company has cut its aluminium wire rod price by INR 3,500 per tonne to INR 262,850 per tonne. On January 13,...
Hindalco further hikes its aluminium ingot price by INR4250/t on January 13 as LME price exceeds US$3000/t
Hindalco Industries Limited has further hiked its aluminium ingot and aluminium products prices in line with the LME aluminium benchmark price surge yet again above US$3,000 per tonne. With effect from Thursday, January 13, Hindalco has increased the aluminium ingot price by INR 4,250 per tonne to...
Alumina spot price in China steps up by RMB 4/t to RMB 2,849/t; A00 aluminium ingot price slips by RMB 100/t
On Thursday, January 13, the average alumina spot price has inched by RMB 4 per tonne to stand at RMB 2,849 per tonne, found the Shanghai Metals Market. The average alumina spot price in Shandong, Henan and Shanxi has hiked by RMB 5 per tonne to total at RMB 2,900 per tonne, RMB 2,865 per tonne and...
Hindalco Industries grows its aluminium ingot price by INR1500/t to INR251000/t on January 12
Hindalco Industries Limited has continued to increase its aluminium ingot and aluminium products prices for the fourth time in a row, with effect from Wednesday, January 12. The company’s aluminium ingot price has witnessed an increase of INR 1,500 per tonne to INR 251,000 per tonne, compared to...
Alumina spot price in China inches up by RMB4/t to RMB2845/t; A00 aluminium ingot price gains RMB60/t
The average alumina spot price in China has continued to grow by RMB 4 per tonne to come in at RMB 2,845 per tonne on Wednesday, January 12, found the Shanghai Metals Market. In Shandong, the price has increased by RMB 15 per tonne to RMB 2,895 per tonne, followed by the rise of RMB 5 per tonne in...
Average alumina spot price in China soars up by RMB 12/t to stand at RMB 2,841/t; A00 aluminium ingot price hikes by RMB 390/t
On Tuesday, January 11, the average alumina spot price in China has increased by RMB 12 per tonne to stand at RMB 2,841 per tonne. In Shandong, the price has inched up by RMB 5 per tonne to peg at RMB 2,880 per tonne. On the other hand, in Henan and Shanxi, the price has hiked by RMB 10 per tonne...
China’s aluminium production in December’21 drops 3% on year but grows 3.6% M-o-M to 3.18 MT: SMM
In December (31 calendar days) 2021, China produced 3.18 million tonnes of aluminium, which was 3.17 per cent less than a year ago but 3.58 per cent more than 3.07 million tonnes in November 2021, found the Shanghai Metals Market data. The daily average output was 102,400 tonnes, up 100 tonnes per...
Average alumina spot price in China surges by RMB 11/t to close at RMB 2,829/t; A00 aluminium ingot price grows by RMB 180/t
According to the Shanghai Metals Market, the average alumina spot price in China has opened the week on Monday, January 10, with an increase of RMB 11 per tonne to close at RMB 2,829 per tonne. The average alumina spot price in Shandong and Shanxi has gone up by RMB 15 per tonne to clock at RMB...
Hindalco further hikes its aluminium wire rod & billets prices by INR3500/t with effect from January 7
Hindalco Industries Limited has continued to increase its aluminium products and aluminium ingot prices for the third consecutive day, with effect from Friday, January 7. The company has hiked its aluminium wire rod price by INR 3,500 per tonne, bringing it to INR 260,600 per tonne. A day ago (on...
NALCO’s aluminium ingot price sees a surge of INR9100/t to range between INR247450- 250950/t on January 7
National Aluminium Company Limited (NALCO) has significantly increased its aluminium ingot and aluminium products prices with effect from Friday, January 7, following a cut on January 1. The hike is in line with the LME aluminium benchmark price rise by US$50.50 per tonne on January 5. NALCO’s...
Hindalco Industries back-to-back grows its aluminium ingot price to INR246000/t w.e.f. January 6
Hindalco Industries Limited has back-to-back increased its aluminium ingot and aluminium products prices, with effect from Thursday, January 6, 2021. The company’s aluminium ingot price has come in at INR 246,000 per tonne, up by INR 1,250 per tonne from the previous day. On Wednesday, January 6,...
Average alumina spot price in China remains unchanged at RMB 2,818/t; A00 aluminium ingot price ascends by RMB 440/t
The average alumina spot price in China has remained unchanged since December 31st. On Thursday, January 6, the price for the same has been recorded at RMB 2,818 per tonne, found the Shanghai Metals Market. The price has remained the same in Henan and Shanxi for the same day, at RMB 2,835 a tonne,...
Hindalco grows its aluminium products prices by INR1750/t on January 5 after two consecutive cuts
Hindalco Industries Limited has increased its aluminium products and aluminium ingot prices, with effect from Wednesday, January 5, 2022, following two consecutive cuts on December 30 and January 1. The company’s aluminium wire rod price has come in at INR 255,850 per tonne, up by INR 1,750 per...
Iran’s aluminium ingot output gains 23% to 400,481 tonnes during March-December 2021: IMIDRO
According to the data released by the Iranian Mines and Mining Industries Development and Renovation Organization (IMIDRO), aluminium ingot production in Iran in the first nine months of the current calendar year (ended on December 31, 2021) rose 23 per cent year-on-year. From 325,223 tonnes a year...
NALCO reduces its aluminium ingot price by INR4200/t w.e.f. January 1 in line with LME aluminium price dip
National Aluminium Company Limited (NALCO) reduced its aluminium ingot and aluminium products prices, with effect from Saturday, January 1, 2022. The company cut its aluminium ingot price by INR 4,200 per tonne to 238350–241850 per tonne as of January 1. Last time, on December 24, NALCO had...
