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...
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A00 aluminium ingot price in China slumps by RMB140/t; Average alumina spot price dips by RMB4/t
On Wednesday, September 21, A00 aluminium ingot price in China slumped by RMB 140 per tonne to halt at RMB 18,550 per tonne, with the average prices ranging between RMB 18,530 per tonne and RMB 18,570 per tonne. The spot contract price is expected to be traded at a discount price of RMB 70 to RMB...
Hindalco Industries deducts INR3000/t from its aluminium billets price on September 20
Hindalco Industries Limited has reduced its aluminium products and aluminium ingot prices, with effect from Tuesday, September 20. That followed a raise of INR 3,750 per tonne on the previous day, September 16. On September 20, Hindalco deducted its aluminium billets price by INR 3,000 per tonne to...
LME benchmark aluminium price marks a rise of US$13.5/t ; SHFE sheds 1.75%
LME aluminium opened at US$2,256 per tonne on Tuesday and closed at US$2,255 per tonne, up US$6 per tonne or 0.27 per cent. LME aluminium cash bid price has risen by US$14 per tonne or 0.63 per cent to settle at US$2,245 per tonne and LME aluminium official settlement price gains US$13.50 per tonne...
LME aluminium price slips by US$27/t to US$2,232/t; SHFE price descends to US$2,677/t
LME aluminium opened at US$2,284 per tonne on Monday and closed at US$2,249 per tonne, down US$34 per tonne or 1.49 per cent. On Monday, September 19, both LME aluminium cash bid price and LME aluminium official settlement price dipped by US$26 per tonne or 1.15 per cent and US$27 per tonne or 1.19...
China’s A00 aluminium ingot price falls for two days straight to RMB18690/t; Alumina price in Guangxi loses RMB15/t
A00 aluminium ingot price has slumped by RMB 80 per tonne to close at RMB 18,690 per tonne, as the Shanghai Metals Market recorded on Tuesday, September 20. The average prices are expected to range between RMB 18,670 per tonne and RMB 18,710 per tonne, with spot contracts trading at discount prices...
Vedanta’s aluminium wire rod & billet prices advance by INR3750/t after an intermittent cut
Vedanta Limited increased its aluminium products and aluminium ingot prices on Friday, September 16, following an intermittent fall on the previous day. According to the revised price chart revealed by Vedanta, the company’s aluminium wire rod price saw a hike of INR 3,750 per tonne to stand at INR...
Average daily volumes of aluminium futures surged 359% in Q3: CME Group Inc.
CME Group Inc., a futures exchange operator, said on 16 th September 2022 that aluminium futures volumes soared 359% in Q3 to date from Q1 and topped 6,709 contracts in the fourth quarter. A futures contract for aluminium is a standardized, exchange-traded contract in which the contract buyer...
China’s A00 aluminium price sheds RMB100/t; Alumina price in Shanxi downsizes by RMB10/t
A00 aluminium ingot price has plunged by RMB 100 per tonne to halt at RMB 18,770 per tonne, as the Shanghai Metals Market recorded on Monday, September 19. The average prices are expected to range between RMB 18,750 per tonne and RMB 18,790 per tonne, with spot contracts trading at discount prices...
LME benchmark aluminium price subsides by US$13/t to US$2259/t; SHFE drops US$16/t
LME aluminium opened at US$2,312.5 per tonne on Friday and closed at US$2,283 per tonne, down US$21 per tonne or 1.38 per cent. LME aluminium cash bid price dropped by US$14 per tonne or 0.62 per cent to settle at US$2,257 per tonne and LME aluminium official settlement price slipped by US$13 per...
European market uncertain about ordering aluminium for 2023: Ali Al-Baqali
Customers in Europe are hesitant to place orders for next year due to recession concerns, causing a decline in demand, as stated by Ali Al-Baqali, the Chief Executive of Aluminium Bahrain (Alba). Ali Al-Baqali commented on the sidelines of an aluminium conference in Barcelona, "The overall demand...
A00 aluminium ingot price in China grows by RMB80/t; Low carbon aluminium price hikes by RMB95/t
On Friday, September 16, A00 aluminium ingot price in China went up by RMB 80 per tonne to settle at RMB 18,870 per tonne. The average price for the same is expected to range between RMB 18,850 per tonne and RMB 18,890 per tonne, with spot contracts to be traded at a discount price of RMB 70 to RMB...
LME aluminium price mounts to US$2,272/t; SHFE price hikes by US$35/t
LME aluminium opened at US$2,276 per tonne on Thursday and closed at US$2,315 per tonne, up 1.83 per cent. On Thursday, September 15, both LME aluminium cash bid price and LME aluminium official settlement price surged by US$44 per tonne or 1.97 per cent and US$44.5 per tonne or 1.99 per cent to...
“The fluctuation in European aluminium prices resulted in a spike of 40% in our import cost”, Mohammad Abdullatif Ismail General Manager Napco National
Mohammad Abdullatif Ismail, a detail-oriented General Manager with a proven history of workforce optimization through morale-boosting and process automation. He is passionate and results-oriented carrying more than 18 years of experience boosting the performance of sales, supply chain, procurement...
NALCO’s aluminium ingot price accumulates INR3100/t in five days
National Aluminium Company Limited (NALCO) has increased its aluminium ingot and aluminium products prices, with effect from Wednesday, September 14, following a sharp cut last week, September 9. NALCO’s aluminium ingot price has gained INR 3,100 per tonne from the earlier time to stand at INR...
Hindalco’s aluminium wire rod & billet prices experience a cut of INR4750/t on September 15
Hindalco Industries Limited has slashed its aluminium products and aluminium ingot prices, with effect from Thursday, September 15, following a raise on September 10. Hindalco’s aluminium wire rod price has been reduced by INR 4,750 per tonne or 2.17 per cent to sell the product at INR 214,600 per...
LME benchmark aluminium price plummets 3.55% to US$2227.5/t; SHFE loses US$1/t
LME aluminium opened at US$2,309.5 per tonne on Wednesday and closed at US$2,273.5 per tonne, down 1.43 per cent. LME aluminium cash bid price and LME aluminium official settlement price both plunged by US$82 per tonne or 3.55 per cent to rest at US$2,227 per tonne and US$2,227.50 per tonne on...
A00 aluminium ingot price in China hikes by RMB160/t; Alumina spot price descends by RMB11/t
On Thursday, September 15, the A00 aluminium ingot price in China hiked by RMB 160 per tonne to settle at RMB 18,790 per tonne, with the average prices ranging between RMB 18,770 per tonne and RMB 18,810 per tonne. The spot contract price is expected to be traded at a discount price of RMB 20 per...
China’s A00 aluminium ingot price recedes by RMB80/t; Alumina price in Guangxi loses RMB15/t
A00 aluminium ingot price has plunged by RMB 80 per tonne to halt at RMB 18,630 per tonne, as the Shanghai Metals Market recorded on Wednesday, September 14. The average prices are expected to range between RMB 18,610 per tonne and RMB 18,650 per tonne, with spot contracts trading at discount...
