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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LME aluminium price climbs up the graph by US$21/t to US$2,309.50/t; SHFE price drops by US$47/t
LME aluminium opened at US$2,298 per tonne on Tuesday and closed at US$2,306 per tonne, up 1.03 per cent. On Tuesday, September 13, both LME aluminium cash bid price and LME aluminium official settlement price increased by US$21 per tonne or 0.91 per cent to close at US$2,309 per tonne and...
LME benchmark aluminium price grows by US$8.5/t to US$2288.5/t; SHFE collects US$9/t
LME aluminium opened at US$2,289 per tonne on Monday and closed at US$2,290 per tonne. LME aluminium cash bid price and LME aluminium official settlement price both witnessed an US$8.50 per tonne or 0.37 per cent hike to rest at US$2,288 per tonne and US$2,288.50 per tonne on Monday, September 12....
Vedanta’s aluminium ingot price grows sequentially to reach INR210500-240000/t on Sept. 10
Vedanta Limited back-to-back increased its aluminium ingot and aluminium products prices, with effect from Saturday, September 10. The company expanded its aluminium ingot price by INR 2,000 per tonne or 1 per cent to INR 210,500-240,000 per tonne. On September 9, the price stood at INR...
China’s A00 aluminium ingot price slumps by RMB90/t; Average alumina spot price slips by RMB4/t
On Tuesday, September 13, the A00 aluminium ingot price in China went down by RMB 90 per tonne to settle at RMB 18,710 per tonne, with the average prices ranging between RMB 18,690 per tonne and RMB 18,730 per tonne. The spot contract will likely be traded at a discount price of RMB 60 to RMB 20...
LME aluminium price mounts to US$2,280/t on September 9; SHFE market is closed on the occasion of Mid-Autumn Festival
On Friday, September 9, both LME aluminium cash bid price and LME aluminium official settlement price hiked by US$24 per tonne or 1.06 per cent to settle at US$2,279.50 per tonne and US$2,280 per tonne. 3-month bid price and 3-month offer price grew by US$22 per tonne or 0.97 per cent to rest at...
LME aluminium price edges US$34.50/t lower this week to US$2,280/t; SHFE grows to US$2709/t
The LME aluminium benchmark price has slumped this the week by US$34.50 per tonne. On Monday, September 5, LME aluminium cash bid price and LME aluminium official settlement price decreased by US$18 per tonne and US$18.50 per tonne to stand at US$2,290 per tonne and US$2,290.50 per tonne,...
NALCO sharply cuts its aluminium ingot price by INR15900/t with effect from September 9
After two weeks of price hike on August 26, National Aluminium Company Limited’s (NALCO) both aluminium ingot and aluminium products prices have seen a sharp cut, with effect from Friday, September 9. NALCO has axed its aluminium ingot price by INR 15,900 per tonne or 7 per cent to INR 210,150-...
India's primary aluminium producers operating margins likely to contract by 400-500 basis points in Q2 FY23: ICRA
On 8th September 2022, India's significant rating agency, ICRA, stated that the country's primary aluminium producers operating margins are likely to contract by 400-500 basis points (BPS) consecutively in the second quarter of 2022-23 on the aspect of high production cost. ICRA Limited (formerly...
LME benchmark aluminium price soars up 1.14% to US$2256/t; SHFE collects US$59/t
LME aluminium opened at US$2,284 per tonne on Thursday and closed at US$2,277 per tonne. LME aluminium cash bid price and LME aluminium official settlement price both witnessed an US$25.50 per tonne or 1.14 per cent hike to rest at US$2,255.50 per tonne and US$2,256 per tonne on Thursday, September...
A00 aluminium ingot price in China hikes by RMB340/t; Australian alumina FOB price grows by US$14/t
A00 aluminium ingot price in China soared up by RMB 340 per tonne to settle at RMB18,800 per tonne. The average price for the same is likely to orbit between RMB 18,780 per tonne and RMB 18,820 per tonne, with spot contracts to be traded at a discount price of RMB 80 to RMB 40 per tonne. The...
Vedanta’s aluminium ingot price sees a cut of INR4000/t with effect from September 7
Vedanta Limited has again reduced its aluminium ingot and aluminium products prices, with effect from Wednesday, September 7, following an intermittent raise on September 3. With the latest cut, the company’s aluminium ingot price has come in at INR 209,250- 238,750 per tonne, down by INR 4,000 per...
China’s A00 aluminium ingot price slides up the graph by RMB60/t; High purity aluminium price obtains RMB100/t
A00 aluminium ingot price has heightened by RMB 60 per tonne to close at RMB 18,460 per tonne, as the Shanghai Metals Market recorded on Thursday, September 8. The average prices are expected to range between RMB 18,440 per tonne and RMB 18,480 per tonne, with spot contracts trading at discount...
LME aluminium price slips by US$29.5/t to US$2,230.50/t; SHFE price ascends to US$2,650/t
LME aluminium opened at $2,263 per tonne on Wednesday and closed at $2,241 per tonne. On Wednesday, September 7, both LME aluminium cash bid price and LME aluminium official settlement price dropped by US$28 per tonne or 1.24 per cent and US$29.5 per tonne or 1.30 per cent to settle at US$2,230 per...
Hindalco continues to cut its aluminium billets price by 1% with effect from September 7
Hindalco Industries Limited has continued to reduce its aluminium products and aluminium ingot prices, with effect from Wednesday, September 7, in response to the relentless downfall of the LME aluminium benchmark price. Hindalco has cut its aluminium billets price by INR 2,500 per tonnes or 1.12...
LME benchmark aluminium price slides down by US$32/t; SHFE stands 1.09% lower following 3 straight days of rise
LME aluminium opened at US$2,289.50 per tonne on Tuesday and closed at US$2,260.50 per tonne. LME aluminium cash bid price halted at US$2,258 per tonne, striped down by 1.4 per cent or US$32 per tonne on Tuesday, September 6, while LME aluminium official settlement price rested at US$2,260 per...
A00 aluminium ingot price in Shenyang grows by RMB25/t to RMB 18,405/t; Low carbon aluminium price moves up by RMB5/t
On Wednesday, September 7, the A00 aluminium ingot price in China reflected no change to settle at RMB 18,400 per tonne, with the average prices ranging between RMB 18,380 per tonne and RMB 18,420 per tonne and the spot contract price expected to be traded at a discount price of RMB 60 per tonne to...
Vedanta increases its aluminium wire rod price by INR1250/t on Sept. 3 amid continued LME price fall
Vedanta Limited has slightly stretched its aluminium products and aluminium ingot prices, with effect from September 3, following a slash on the day before. As per the revised price list revealed by Vedanta, the company’s aluminium wire rod price has come in at INR 220,750-228,250 per tonne, up by...
China’s A00 aluminium ingot price loses RMB20/t; Caustic soda price in Shandong drops RMB15/t
A00 aluminium ingot price has dropped RMB 20 per tonne to close at RMB 18,400 per tonne, as the Shanghai Metals Market recorded on Tuesday, September 6. The average prices are expected to range between RMB 18,380 per tonne and RMB 18,400 per tonne, with spot contracts trading at discount prices of...
