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
LME aluminium price drifts lower by US$18.5/t to US$2,290.50/t; SHFE price ascends to US$2,661/t
LME aluminium opened at US$2,302 per tonne on Monday and closed at US$2,288 per tonne. On Monday, September 5, both LME aluminium cash bid price and LME aluminium official settlement price slumped by US$18 per tonne or 0.77 per cent and US$18.5 per tonne or 0.80 per cent to settle at US$2,290 per...
LME benchmark aluminium price gains US$3/t with balance returning to the economy; SHFE fetches US$26/t
LME aluminium opened at US$2,310.5 per tonne last Friday and closed at US$2,305 per tonne. On the bright side power supply at Sichuan province has increased leading to a recovery of balance in the economy with aluminium production rising up. LME aluminium cash bid price stopped at US$2,308 per...
China’s A00 aluminium ingot price mounts to RMB18,420/t; Low carbon aluminium price hikes by RMB300/t
A00 aluminium ingot price in China has hiked by RMB 310 per tonne to settle at RMB 18,420 per tonne. The average price for the same is expected to range between RMB 18,400 per tonne and RMB 18,440 per tonne, with spot contracts to be traded at a discount price of RMB 50 to RMB 10 per tonne. The A00...
Primary aluminium weekly recap: LME aluminium price hits 16-month low on weak demand; Alcoa curtails production at Norway's Lista aluminium smelter for soaring energy prices
This week, the primary aluminium industry has been in the news for multiple reasons. To begin with, China, the largest user of primary aluminium raw materials worldwide, expressed concern about the likelihood of a global recession and economic stagnation and warned of the prospect of reduced market...
Vedanta further reduces its aluminium ingot price by INR6250/t with effect from September 2
Vedanta Limited further reduced its aluminium ingot and aluminium products prices on September 2, in line with the continued downfall of the global aluminium price on LME. As per the revised price list shared by the company, Vedanta cut its aluminium ingot price by INR 6,250 per tonne to INR...
Hindalco’s aluminium wire rod & billet prices axed by over 5% in line with the 16-month low LME aluminium price
Hindalco Industries Limited has continued to significantly cut its aluminium products and aluminium ingot prices for the second consecutive day, with effect from Friday, September 2. The company has reduced its aluminium wire rod price by INR 14,000 per tonne or 5.96 per cent to INR 220,850 per...
LME aluminium price hits 16-month low at US$2,306/t on weak demand; SHFE price plunges by US$41/t
LME aluminium opened at US$2,310.5 per tonne on Thursday and closed at US$2,316.5 per tonne, an increase of US$11.5 per tonne or 0.5 per cent. On Thursday, the price of aluminium fell to its lowest level in 16 months as new concerns about poor demand arose in the wake of disappointing economic...
China’s A00 aluminium ingot price plunges RMB240/t to close the week; Aluminium alloy A356 loses RMB250/t
A00 aluminium ingot price has plummeted by RMB 240 per tonne to close at RMB 18,110 per tonne, as the Shanghai Metals Market recorded on Friday, September 2. The average prices are expected to range between RMB 18,090 per tonne and RMB 18,130 per tonne, with spot contracts trading at discount...
US primary aluminium production in 2Q2022 reflects 1.24% rise, bringing total output in H1 to 485,000 tonnes
The United States’ domestic primary aluminium production in June 2022 stood at 78,000 tonnes, bringing the total output of the first half of the year to 485,000 tonnes, showed the US Census Bureau. The United States’ primary aluminium production in June reflected a decrease of 6,000 tonnes or 7.14...
Vedanta back-to-back cuts its aluminium wire rod price by INR3250/t
Vedanta Limited has continued to cut its aluminium products and aluminium ingot prices, with effect from Thursday, September 1, for the second day in a row. The company has cut its aluminium wire rod price by INR 3,250 per tonne to sell the product at INR 225,750-233,250 per tonne. On September 31,...
A00 aluminium ingot price in China falls by RMB90/t; Domestic price of low carbon aluminium slips by RMB70/t
A00 aluminium ingot price in China has gone down by RMB 90 per tonne to settle at RMB 18,350 per tonne. The average price for the same is expected to range between RMB 18,330 per tonne and RMB 18,370 per tonne, with spot contracts to be traded at a discount price of RMB 60 to RMB 20 per tonne. On...
LME aluminium benchmark price halts at US$2368.5/t with 1.58% drip; SHFE shrinks US$5/t
LME aluminium opened at US$2,390 per tonne on Wednesday and closed at US$2,363 per tonne, down US$21 per tonne or 0.88 per cent. LME aluminium cash bid price stopped at US$2,368 per tonne, with a decline of 1.58 per cent or US$38 per tonne hike on Wednesday, August 31, while LME aluminium official...
Hindalco’s aluminium ingot price suffers a significant loss of INR8000/t on August 31
Hindalco Industries Limited has slashed its aluminium ingot and aluminium products prices, with effect from Wednesday, August 31, in line with a startling fall of the LME aluminium benchmark price. As per the price update, Hindalco’s aluminium ingot has witnessed a sharp price cut of INR 8,000 per...
LME aluminium price nosedives over extended weekend by US$88.5/t; SHFE price declines to US$2,670/t
LME aluminium opened at US$2,475 per tonne on Tuesday and closed at US$2,384 per tonne, down $106 per tonne or 4.26 per cent. On Tuesday, August 30, both LME aluminium cash bid price and LME aluminium official settlement price plummeted by US$87 per tonne or 3.48 per cent and US$88.5 per tonne or...
China’s A00 aluminium ingot price slumps by RMB120/t to RMB18440/t; Average alumina price in China loses RMB3/t
A00 aluminium ingot price in China has plunged by RMB 120 per tonne on August 31, Tuesday. According to the Shanghai Metals Market, the price has accurately settled at RMB 18,440 per tonne, with average prices estimated to range between RMB 18,420 per tonne and RMB 18,460 per tonne and spot...
Alcoa curtails production at Norway's Lista aluminium smelter for soaring energy prices
Alcoa has decided to decrease one-third production capacity of the Lista aluminium smelter in Norway because of the aggravating energy prices in Europe and also for the heightened operational costs of the particular site. The Lista smelter houses three potlines with an annual net yield of 94,000...
China’s prebaked anode export rebounds to 200,000 tonnes level in July'22 on improved demand
China customs data revealed last week that the country’s prebaked anode export volume rebounded to the 200,000 tonnes level in July 2022, attaining 206,500 tonnes. This is the second time this year that China’s prebaked anode export has exceeded 200,000 tonnes, driven by strong demand from overseas...
SHFE loses US$53/t closing at US$2694/t due to energy crisis in China; LME remains shut for bank holiday
On Monday, August 29, the benchmark aluminium price for SHFE slipped down the graph by US$53 per tonne or 1.93 per cent to stand at US$2,694 per tonne. The most-traded SHFE 2210 aluminium contract opened at RMB 18,675 per tonne last night and rose to RMB 18,755 per tonne before closing at RMB...
