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,...
LME aluminium prices edged lower on September 4 compared with the previous trading day, while aluminium stocks also declined marginally. The most notable movement was in cancelled warrants, which fell by more than 38 per cent day on day. On September 4, the LME aluminium cash bid price stood at USD...
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National Aluminium Company (NALCO) expects its revenue from operations to increase to around INR 190 billion (USD 2.22 billion) in FY 2027, supported by stable aluminium prices, higher production from its new alumina refinery and easing input costs. Chairman-cum-Managing Director Brijendra Pratap...
SHFE aluminium settled at RMB 22,515 per tonne, plunging 2.19 per cent, with an intraday fluctuation range of 22,455–22,990. The price was well below all key moving averages (MA5=22,985, MA10≈23,622, MA30=24,085.5, MA60=24,460.67), with the moving average system in a bearish alignment and...
The London Metal Exchange (LME) aluminium prices were widely expected to remain in the range of USD 3,200 to USD 3,300 per tonne. However, Managing Director and Head of Research of InCred Research Services, Satish Kumar, has taken a more cautious stance. He believes aluminium could retreat to USD...
LME aluminium prices showed limited movement on June 29 compared with June 26, with cash and three-month contracts recording marginal declines. Meanwhile, exchange inventories and cancelled warrants continued to trend lower. The LME cash bid price eased to USD 3,160 per tonne on June 29 from USD...
Futures: SHFE aluminium closed at RMB 23,115 per tonne last Friday, up 0.81 per cent, with intraday fluctuations within 22,890-23,190. Prices are far below all key moving averages (MA5=23,119, MA10=23,622, MA30=24,149, MA60=24,501.5). The moving averages are in a bearish alignment and diverging at...
Five persons, including an employee of the Kerala State Electricity Board Limited (KSEB) and a contract worker, have been arrested for allegedly stealing more than 100 kg of aluminium line conductors from the Vazhikkadavu KSEB office in Kerala's Malappuram district. According to police, the theft...
Ghana has moved a step forward to boost its aluminium industry after the signing of a Memorandum of Understanding (MoU) between the Ghana Integrated Aluminium Development Corporation (GIADEC) and Italian engineering company Danieli & C. Officine Meccaniche S.p. A. for developing downstream...
Global commodities trader Vitol has successfully moved a stranded aluminium cargo through the Strait of Hormuz, marking one of the first signs that aluminium exports from the Gulf region are beginning to normalise following disruptions caused by the recent Iran conflict. The Lowlands Corso bulk...
The LME aluminium price graph of June 26 reported gains after remaining on a declining graph in the previous three sessions. As cash, contracts and three-month Asian benchmark prices improved, warehouse stocks continued to decline. The LME aluminium cash bid and offer prices gained 1.02 per cent...
With the continued expansion of aluminium processing and downstream industries in Southeast Asia, regional aluminium billet production, consumption and trade markets have attracted growing attention. Malaysia, Thailand and Vietnam are not only important aluminium billet production and consumption...
German-based company eepos has expanded its range of lifting equipment, launching the new aluminium jib crane for manufacturing, assembly and operations. The new crane is going to be available for release from 8 July and can lift up to 1,000 kg with a maximum boom length of 8 metres, offering...
This week, the operating rate at China's leading downstream aluminium processing enterprises came in at 63 per cent, down 0.4 percentage points M-o-M. Weighed down by the deepening seasonal off-season across the sector, downstream purchase willingness was broadly subdued, and operating rates across...
During morning trading, the centre of SHFE aluminium 2606 contract was higher than the same period of the previous trading day. Impacted by the rise in aluminium prices and yesterday's restocking, overall procurement sentiment weakened today. However, supported by sellers' willingness to hold...
Press Metal Aluminium Holdings Bhd (KL: PMETAL) shares fell 6 per cent on Thursday as aluminium prices extended their decline following easing geopolitical tensions in West Asia, reducing concerns over disruptions to global commodity supplies. Benchmark three-month aluminium futures on the London...
Futures: The most-traded SHFE aluminium 2608 contract closed at RMB 22,935 per tonne, down RMB 40 or 0.17 per cent from the previous settlement price. It opened at RMB 22,950 per tonne and fluctuated between RMB 22,810 and 23,030 per tonne. The price is trading below the MA5 (23,389.00), MA10...
LME aluminium prices edged lower on June 25 compared with June 24, with both cash and three-month contracts recording modest declines. Meanwhile, LME warehouse stocks continued to fall, while live warrants remained unchanged. The LME cash bid price slipped to USD 3,130 per tonne on June 25 from USD...
Futures: The most-traded SHFE aluminium 2608 contract closed at RMB 22,970 per tonne, down 2.13 per cent. Prices trade below the MA5 (23,630.00), MA10 (23,854.00), MA30 (24,256.83), and MA60 (24,549.33) moving averages, with short- and medium-term moving averages in bearish alignment and gradually...
After remaining above USD 3,200 per tonne at the June 23 session , the LME aluminium price dropped below the figure across all the pricing segments, barring the live warrants and alumina price, on the June 24 session. The LME aluminium cash bid price eased 3.52 per cent day-on-day on June 24, down...
