Macro rate hike expectations bring periodic pressure, while destocking in China provides solid bottom support
Futures: The most-traded SHFE aluminium contract opened at RMB 24,310 per tonne in the night session on September 10, reached a high of RMB 24,310 per tonne and a low of RMB 24,075 per tonne, and closed at RMB 24,125 per tonne, down RMB 365 per tonne or 1.49 per cent from the previous close....
LME aluminium price eases 0.3% on September 10; stocks remain stable at 244,525/t
The London Metal Exchange (LME) aluminium price graph contracted on September 10 across cash and contracts, with longer-dated contracts reporting nearly 1 per cent decline. The aluminium opening stocks, however, remained stable. The LME aluminium cash bid price shifted from USD 3,351.5 per tonne on...
Grow with
AL Circle
Alcoa influencing Biden administration for U.S. import restrictions on Russian aluminium
Following the recent military escalation in Ukraine, Alcoa is pressing the Biden administration to obstruct U.S. aluminium imports from Russia. As a result, aluminium prices increased by more than 3 per cent. According to recent news reports, the White House is reportedly exploring various...
LME aluminium price soars 6.6% to stand at US$2374/t; SHFE builds up by US$26/t
LME aluminium moved around the 5-day moving average after opening at US$2,330 per tonne on Thursday, and closed at US$2,337 per tonne, a decrease of 0.64 per cent. On Thursday, October 13, LME aluminium cash bid price skyrocketed by US$147.50 per tonne or 6.63 per cent to stand at US$2,373.50 per...
China's A00 aluminium ingot price closes the week with a hike of RMB 210/t; Alumina price slips by RMB2/t
On Friday, October 14, China’s A00 aluminium ingot price expanded by RMB 220 per tonne to settle at RMB 18,700 per tonne, with the average prices ranging between RMB 18,680 per tonne and RMB 18,720 per tonne. The spot contract price is expected to be traded at a discount price of RMB 110 to RMB 70...
LME plans to limit aluminium trade with Russia; Chinese producers to reap benefit
According to Platts analytics, domestic aluminium prices in China have increased over a week based on the possibility that the London Metal Exchange may curb the entry of Russian metal, Beijing’s support for domestic producers, and production cut in both Europe and China. There is also a...
Vedanta’s aluminium ingot price further shrinks by 2% with effect from October 12
Vedanta Limited has continued to reduce its aluminium ingot and aluminium products prices, with effect from Wednesday, October 12. The company has further axed its aluminium ingot price by INR 5,000 per tonne or 2.3 per cent to INR 212,250- 242,750 per tonne. On the previous day, it stood at INR...
LME aluminium price climbs up the graph by US$8.5/t to US$2,227/t; SHFE price ascends by US$8/t
LME aluminium slid to US$2,200 per tonne after opening at US$2,240 per tonne on Wednesday but then jumped more than 6 per cent to US$2,400 per tonne as the United States was considering retaliatory measures against Rusal. LME aluminium closed at US$2,344 per tonne, an increase of 4.11 per cent. On...
China’s A00 aluminium ingot price grows by RMB60/t after an intermittent drop; Aluminium alloy(A356) price touches RMB20,000/t level
China's domestic A00 aluminium ingot price has again registered a rise on Thursday, October 13, after an intermittent dip last day. According to the Shanghai Metals Market, the price has increased by RMB 60 per tonne to peg at RMB 18,480 per tonne. The average prices are expected to range between...
Hindalco Industries cuts its aluminium wire rod & billet prices for the second day by INR5000/t
Hindalco Industries Limited has back-to-back cut its aluminium products and aluminium ingot prices on October 11 and 12. As per the revised prices revealed, Hindalco’s latest aluminium wire rod price is standing at INR 221,100 per tonne versus INR 226,100 per tonne on October 11. Today, the price...
LME aluminium price falls for the third day in a row to US$2218.5/t; SHFE price dips by US$14/t
Three-month LME aluminium hit a low of US$$2,191 per tonne after opening at US$2,255 per tonne on Tuesday, October 11, but then rallied and closed at US$2,251 per tonne, down 0.16 per cent. On Tuesday, October 11, LME aluminium cash bid price and LME aluminium official settlement price continued to...
A00 aluminium ingot price in China drops by RMB180/t; Low-carbon aluminium price descends to RMB 19,047/t
On Wednesday, October 12, the A00 aluminium ingot price in China slumps by RMB 180 per tonne to settle at RMB 18,420 per tonne. The average price for the same is likely to range between RMB 18,400 per tonne and RMB 18,440 per tonne, with spot contract to be traded at a discount price of RMB 70 to...
Alumina spot price in China slips by RMB5/t to stand at RMB2835/t; A00 aluminium ingot price remains muted
The average alumina spot price in China has continued to slip by RMB 5 per tonne to clock at RMB 2,835 per tonne on Tuesday, October 11, found the Shanghai Metals Market. In Henan, Shanxi, and Guangxi, alumina price has slid by RMB 5 per tonne to stand at RMB 2,910 per tonne, RMB 2,780 per tonne,...
LME aluminium price contracts by US$68/t to US$2,274/t; SHFE price slips to US$2,592/t
LME aluminium opened at US$2,285 per tonne on Monday and closed at US$2,255 per tonne, down 1.38 per cent. On Monday, October 10, both LME aluminium cash bid price and LME aluminium official settlement price declined by US$67.5 per tonne or 2.88 per cent and US$68 per tonne or 2.90 per cent to...
Vedanta’s aluminium wire rod price suffers a loss of INR5250/t on October 11
Vedanta Limited has axed its aluminium products and aluminium ingot prices, with effect from Tuesday, October 11, following three back-to-back hikes. According to the revised prices revealed, the company’s aluminium wire rod price has seen a slash of INR 5,250 per tonne to range between INR...
Alumina spot price in China descends by RMB9/t; A00 aluminium ingot price hikes to RMB18,600/t
On Monday, October 10, the average alumina spot price in China went down by RMB 9 per tonne to rest at RMB 2,840 per tonne. The price in Lianyungang and Bayuquan has slumped by RMB 50 per tonne to settle at RMB 2,925 per tonne and RMB 2,975 per tonne. On the same day, the alumina price in Shandong...
LME benchmark aluminium price stoops to US$2342/t with US$13/t loss; SHFE stands at US$2608/t after National Day week
LME aluminium rose from around US$2,140 per tonne to US$2,420 per tonne before falling back to around US$2,300 per tonne during the National Day holiday. LME aluminium closed at US$2,286 per tonne last Friday, up US$145 per tonne or 6.7 per cent during the National Day holiday. On October 7,...
Primary aluminium recap: Rusal strongly refutes the recent reports on planning large-scale deliveries to LME warehouses; Aluminium demand is declining, indicating a challenging economic climate
This week the global primary aluminium segment witnessed a lot of ups and downs. To begin with, in response to a recent media allegation, the largest producer of aluminium in the world, Rusal, vehemently denied any claims that it intended to supply significant amounts of metal on the LME, in...
LME aluminium price escalated by US$178/t this week to settle at US$2342/t; SHFE was closed for National Day holiday
The LME aluminium benchmark price soared through this week except the fact it started with a decline. On Monday, October 3, LME aluminium cash bid price and LME aluminium official settlement price slumped by US$16.5 per tonne and US$16 per tonne, respectively, to initiate the week at US$2,163 per...
NALCO’s aluminium ingot price soars by INR19800/t with effect from October 6, 2022
National Aluminium Company Limited (NALCO) has significantly raised its aluminium ingot and aluminium products prices, effective from Thursday, October 6, following a sharp cut on September 27. NALCO’s aluminium ingot price has witnessed a surge of INR 19,800 per tonne to stand at INR...
