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
Vedanta’s aluminium ingot price experiences a raise of INR4500/t after two consecutive declines
After two consecutive cuts on August 13 and August 16, Vedanta Limited has raised its aluminium ingot and aluminium products prices on Wednesday, August 17. The company’s aluminium ingot price has accumulated INR 4,500 per tonne to hover around INR 224,500-254,000 per tonne versus INR...
LME aluminium price augments by US$52.5/t to US$2,442/t; SHFE price mounts to US$2,716/t
LME aluminium opened at US$2,409 per tonne on Tuesday and hit a high of US$2,459 per tonne before closing at US$2,396.5 per tonne, a drop of US$7 per tonne or 0.29 per cent. On Tuesday, August 16, both LME aluminium cash bid price and LME aluminium official settlement price augmented by US$51 per...
China’s A00 aluminium ingot price elevates by RMB350/t; Alumina price in Henan records RMB10/t rise
A00 aluminium ingot price has seen an RMB 350 per tonne augmentation to close at RMB 18,480 per tonne, as recorded by the Shanghai Metals Market on Wednesday, August 17. The average prices are expected to range between RMB 18,460 per tonne and RMB 18,500 per tonne, with spot contracts trading at a...
US domestic primary aluminium production reflects a monthly growth of 2.44% to 84,000 tonnes in May’22
In May 2022, the United States domestic primary aluminium production stood at 84,000 tonnes, reflecting a month-on-month increase of 2,000 tonnes or 2.44 per cent, found the US Census Bureau data. On a year-on-year calculation, the output in May 2022 edged 12 per cent or 9,000 tonnes higher than...
LME aluminium benchmark price drops for two days straight at US$2389.5/t; SHFE sees 3.2% decline like LME
LME aluminium opened at US$2,439.5 per tonne on Monday and closed at US$2,403.5 per tonne, down US$29.5 per tonne or 1.21 per cent. LME aluminium cash bid price stopped at US$2,389 per tonne, with a 3.2 per cent or US$79 per tonne degradation on Monday, August 15, while LME aluminium official...
Vedanta cuts aluminium wire rod & billet prices for the second time in a row by INR6750/t on Aug. 16
Vedanta Limited has reduced its aluminium products and aluminium ingot prices for the second time in a row, with effect from Tuesday, August 16. The company has slashed its aluminium wire rod price by INR 6,750 per tonne to sell the product at INR 227,500-235,000 per tonne. On August 13, Vedanta’s...
China's A00 aluminium ingot price descends to RMB 18,130/t; Average alumina spot price in Shanxi went up by RMB5/t
A00 aluminium ingot price in China has declined by RMB 100 per tonne to settle at RMB 18,130 per tonne as of August 16. The average price for the same is likely to range between RMB 18,110 per tonne to RMB 18,150 per tonne, with spot contracts to be traded at a discount price of RMB 20 per tonne...
Alumina spot price in China dips by RMB3/t to stand at RMB2956/t; A00 aluminium ingot price plummets by RMB440/t
The average alumina spot price in China has further dropped over the weekend by RMB 3 per tonne to stand at RMB 2,956 per tonne as of Monday, August 15, found the Shanghai Metals Market. In Shandong, alumina price has plunged by RMB 20 per tonne to start the week at RMB 2,950 per tonne, with...
LME aluminium price shrinks by US$29.5/t to US$2,468.50/t; SHFE price plunges by US$82/t
LME aluminium opened at US$2,522.5 per tonne last Friday and closed at US$2,433 per tonne, down US$84 per tonne or 3.34 per cent. On Friday, August 12, LME aluminium cash bid price closed the week with a slip of US$28 per tonne or 1.12 per cent to settle at US$2,468 per tonne. On the same day, LME...
LME aluminium price moved high to US$2468.5/t despite intermittent declines; SHFE price accumulated US$86/t this week
The LME aluminium benchmark price moved high this week by US$33 per tonne but started the week with a decline and also displayed an intermitted drop. LME aluminium cash bid price and LME aluminium official settlement price decreased by US$12 per tonne on Monday, August 8, to stand at US$2,435 per...
Vedanta’s aluminium ingot price builds up by INR3000/t on August 12 after a cut on the previous day
Vedanta Limited has revised its aluminium products and aluminium ingot prices for the three consecutive days this week since August 10. Following the price growth on Wednesday, August 10, Vedanta trimmed its aluminium ingot price by INR 2,500 per tonne the next day, August 11, to INR...
Alba announces 127% jump in net profit for 1H2022 despite flat sales volume, thanks to higher LME prices
Aluminium Bahrain B.S.C. (Alba), the world’s largest aluminium smelter outside China, announced its Q2 and H1 2022 fiscal results on Thursday, August 11, reporting a 97 per cent surge in net profit to BD181.9 million versus BD92.7 million during the corresponding period of the previous year. Gross...
LME benchmark aluminium price records 1.44% spike to US$2498/t; SHFE earns US$11/t
LME aluminium opened at US$2,495.5 per tonne on Thursday and closed at US$2,517 per tonne, an increase of 0.83 per cent. LME aluminium cash bid price stopped at US$2,496 per tonne, with a 1.38 per cent or US$34 per tonne escalation on Thursday, August 11, while LME aluminium official settlement...
A00 aluminium ingot price slumps by RMB120/t to RMB 18,670/t; Average alumina spot price shrinks by RMB5/t
On Friday, August 12, A00 aluminium ingot price in China slipped by RMB 100 per tonne to close at RMB 18,670 per tonne. The average price for the same is expected to range between RMB 18,650 per tonne and RMB 18,690 per tonne, with spot contracts to be traded at a discount price of RMB 370 per...
Hindalco’s aluminium ingot price elevates for the second time in a row by INR2250/t on August 11
Hindalco Industries Limited has raised its aluminium ingot and aluminium products prices for the second time in a row, with effect from Thursday, August 11. The company’s aluminium ingot price has accumulated INR 2,250 per tonne to come in at INR 227,750 per tonne, following a hike of INR 4,500 per...
Vedanta’s aluminium ingot price further accumulates INR4750/t with effect from August 10
Vedanta Limited has once again added INR 4,750 per tonne to its aluminium ingot and aluminium products prices, with effect from Wednesday, August 10. On August 6, the company’s aluminium ingot and products prices also saw a rise of INR 4,750 per tonne. With the latest hike, Vedanta’s aluminium...
LME aluminium price shrinks by US$25/to US$2,462.50/t; SHFE price went up by US$17/t
LME aluminium opened at US$2,468 per tonne on Wednesday and rose to US$2,500 per tonne following the release of US CPI. LME aluminium closed at US$2,496.5 per tonne, an increase of 0.99 per cent. On Wednesday, August 10, both LME aluminium cash bid price and LME aluminium official settlement price...
China’s A00 aluminium ingot price remains stoic at RMB18790/t; Low carbon aluminium gains RMB11/t
A00 aluminium ingot price has refrained from showing any change today, staying stagnant at RMB 18,790 per tonne, as the Shanghai Metals Market recorded on Thursday, August 11. The average prices were stuck between RMB 18,770 per tonne and RMB 18,810 per tonne, with spot contracts trading at...
