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 benchmark aluminium price crawls up 2.15% to US$2488/t; SHFE records US$46/t hike
LME aluminium opened at US$2,448 per tonne on Tuesday and rose to US$2,507 per tonne before closing at US$2,472 per tonne, an increase of 1.31 per cent. LME aluminium cash bid price stopped at US$2,487 per tonne, with a 2.13 per cent or US$52 per tonne escalation on Tuesday, August 9, while LME...
China’s A00 aluminium ingot price expands by RMB310/t; Average alumina spot price shrinks by RMB2/t
On Wednesday, August 10, China’s A00 aluminium ingot price surged by RMB 310 per tonne to rest at RMB 18,790 per tonne. The average price for the same is expected to range between RMB 18,770 per tonne and RMB 18,810 per tonne, with spot contracts to be traded at a discount price of RMB 140 to RMB...
Monster records elevating beverage prices due to higher packaging material cost
Monster Beverage reported an exponential US$1.66 billion in sales in the second quarter, reportedly 13.2 per cent greater than the accumulated amount of the same time span the previous year. If the foreign currency effect was not put under consideration, the earnings were experiencing a 16.9 per...
LME aluminium price moves down by US$12/t to US$2,435.5/t; SHFE price grows to US$2,748/t
LME aluminium opened at US$2,418 per tonne on Monday and closed at US$2,440 per tonne, up 0.78 per cent. On Monday, August 8, both LME aluminium cash bid price and LME aluminium official settlement price climbed down the graph by US$12 per tonne or 0.49 per cent to settle at US$2,435 per tonne and...
China’s A00 aluminium ingot price gains RMB80/t; Alumina price in Shanxi drops RMB5/t
A00 aluminium ingot price has grown by RMB 80 per tonne to close at RMB 18,480 per tonne, as the Shanghai Metals Market recorded on Tuesday, August 9. The average prices are expected to range between RMB 18,460 per tonne and RMB 18,500 per tonne, with spot contracts trading at discount prices of...
Vedanta’s aluminium billet & wire rod prices witness a hike of INR4750/t after three consecutive falls
Vedanta Limited raised its aluminium products and aluminium ingot price on Saturday, August 6, after three consecutive cuts since July 30. The company added INR 4,750 per tonne to its aluminium billet price to sell the product at INR 232,500 per tonne, with effect from August 6. On August 4, the...
LME benchmark aluminium price goes up by 3.1% to US$2447.5/t; SHFE loses US$28/t
LME aluminium opened at US$2,403 per tonne last Friday and rose to US$2,454 per tonne before closing at US$2,421 per tonne. LME aluminium cash bid price stopped at US$2,447 per tonne, with a 3.1 per cent or US$73.50 per tonne escalation on Friday, August 5, while LME aluminium official settlement...
A00 aluminium ingot price in China opens the week with a decline of RMB120/t; Average alumina spot price moves down by RMB2/t
A00 aluminium ingot price in China has seen a decline of RMB 120 per tonne since Monday, August 8, to settle at RMB 18,400 per tonne. The average price for the same is expected to range between RMB 18,380 per tonne and RMB 18,420 per tonne. The spot contracts may be traded at a discount price of...
Primary aluminium weekly: GFG Alliance related Lochaber aluminium smelter under huge financial loss; Russia believes infrastructure links with India will boost bilateral trade to $120-150 billion
Russian oligarch Oleg Deripaska is keen on building a business relationship with India, similar to the country has with Europe, aided by connectivity, capital markets, and financial infrastructure. Impending fraudulence charges on GFG Alliance have resulted in the plunder of wealth at Lochaber...
Hindalco back-to-back cuts aluminium wire rod & billets prices by INR3000/t on August 4
Hindalco Industries Limited back-to-back reduced its aluminium products and aluminium ingot prices, with effect from August 4, following a slash of INR 4,250 per tonne on August 3. On August 4, the company cut its aluminium wire rod price by INR 3,000 per tonne or 1.28 per cent to stand at INR...
LME aluminium price closes 1.2% lower at US$2,374/t; SHFE price increases by US$42
LME aluminium opened at US$2,385 per tonne on Thursday and closed at US$2,403 per tonne, an increase of US$18 per tonne or 0.75 per cent. On Thursday, August 4, both LME aluminium cash bid price and LME aluminium official settlement price decreased by US$29 per tonne or 1.20 per cent to rest at...
China’s A00 aluminium price gets boosted by RMB130/t; High purity aluminium prices witness RMB100/t spike
A00 aluminium ingot price has seen an RMB 130 per tonne rise to close the week at RMB 18,520 per tonne, as recorded by the Shanghai Metals Market on Friday, August 5. The average prices are expected to range between RMB 18,500 per tonne and RMB 18,540 per tonne, with spot contracts trading at a...
Vedanta cuts its aluminium ingot price for the third time in a row by INR3250/t on Aug. 4
Vedanta Limited has reduced its aluminium ingot and aluminium products prices for the third successive day on Thursday, August 4. The company’s aluminium ingot price has seen a cut of INR 3,250 per tonne to INR 218,750- 250,250 per tonne, which on August 3 witnessed a decline of INR 2,750 per tonne...
Novelis achieves record financial performance with a 32% surge in net sales to $5.1 billion in 1QFY23
On Wednesday, August 3, Novelis released the first quarter financial results for fiscal year 2023, reporting a 28 per cent year-on-year rise in net income attributable to shareholder to a record $307 million and a 1 per cent increase in net income from continuing operations to also at $307 million....
LME aluminium benchmark price declines to US$2403/t; SHFE gains US$26/t
LME aluminium opened at US$2,405 per tonne on Wednesday and closed at US$2,385 per tonne, down US$29 per tonne or 1.2 per cent. LME aluminium cash bid price stopped at US$2,402.50 per tonne, while LME aluminium official settlement price rested at US$2,403 per tonne with a 1.86 per cent or US$45.50...
China’s A00 aluminium ingot price mounts to RMB18,390/t; Low carbon aluminium price soars up by RMB162/t
As per the SMM data, on Thursday, August 4, China’s A00 aluminium ingot price has grown by RMB 170 or 0.93 per cent to halt at RMB 18,390 per tonne. The average price for the same is expected to range between RMB 18,370 per tonne and RMB 18,410 per tonne, with spot contracts to be traded at a...
NALCO aluminium ingot price slips by INR1000/t while other product prices remain restrained on Aug. 1
National Aluminium Company Limited has trimmed its aluminium ingot price, with effect from August 1, following an escalation of INR 11,300 per tonne on July 21. The price has slipped by only INR 1,000 per tonne to come in at INR 226,650-230,150 per tonne from INR 227,650-231,150 per tonne. But the...
Dutch beer brand held up by solid demand, forecasts dip in 2023 profits factoring aluminium price
On 1st August 2022, the world's most premium beer producer Heineken reported H1 2022 earnings, which exceeded more than anticipated, as beer consumers of this famous brand procured more regardless of inflation impacting daily life. However, the most recognizable beer brand in the world forecast...
