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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China’s A00 aluminium ingot price shoots RMB330/t up the scale; Guinea Bauxite CIF price rises by US$2/t
A00 aluminium ingot price has seen a substantial hike of RMB 330 per tonne to begin the week at RMB 18,360 per tonne, as recorded by the Shanghai Metals Market on Thursday, July 28. The average prices are expected to range between RMB 18,340 per tonne and RMB 18,380 per tonne, with spot contracts...
LME aluminium price closes 1.90% lower at US$2,390.50/t; SHFE price hikes by US$60/t
LME aluminium opened at US$2,423.5 per tonne on Wednesday and closed at US$2,426 per tonne, an increase of US$4 per tonne or 0.17 per cent. On Wednesday, July 27, LME aluminium cash bid price declined by US$45 per tonne or 1.84 per cent to settle at US$2,390 per tonne. On the same day, LME...
LME aluminium benchmark price closes higher at US$2437/t; SHFE gains US$29/t
LME aluminium opened at US$2,406.5 per tonne on Tuesday and closed at US$2,422 per tonne, an increase of US$14 per tonne or 0.58 per cent. LME aluminium cash bid price stopped at US$2,435 per tonne, with a 0.16 per cent or US$4 per tonne escalation on Tuesday, July 26, while LME aluminium official...
China’s A00 aluminium ingot price augments by RMB190/t to RMB18,030/t; Australian alumina FOB price dips by US$2/t
On Wednesday, July 27, China’s A00 aluminium ingot price has heightened by RMB 190 per tonne to settle at RMB 18,030 per tonne. The average prices for the same is expected to range between RMB 18,010 per tonne and RMB 18,050, with spot contracts trading at a discount price of RMB 30 per tonne and a...
Hindalco’s aluminium ingot price suffers a loss of INR2500/t with effect from July 26
Hindalco Industries Limited has trimmed its aluminium ingot and aluminium products prices, with effect from July 26, after raising the prices on the previous day, July 23. Hindalco has cut INR 2,500 per tonne from INR 228,750 per tonne to sell the aluminium ingot price at INR 226,250 per tonne from...
Vedanta’s aluminium billet price sheds INR2750/t to stand at INR233000/t on July 26
Vedanta Limited has reduced its aluminium products and aluminium ingot prices by INR 2,750 per tonne, with effect from Tuesday, July 26, following an increase by the same amount on July 23. Vedanta’s aluminium billet price has come in at INR 233,000 per tonne, as against INR 235,750 per tonne on...
China’s A00 aluminium ingot price reports no change today at RMB17840/t; Low carbon aluminium price rose RMB3/t
A00 aluminium ingot price has witnessed no alteration today, remaining stoic at RMB 17,840 per tonne, as recorded by the Shanghai Metals Market on Tuesday, July 26. The average prices ranged between RMB 17,820 per tonne and RMB 17,860 per tonne, with spot contracts trading at a discount price of...
LME aluminium price closes 1.15% lower at US$2,431.50/t; SHFE price declines by US$23/t
LME aluminium opened at US$2,459 per tonne on Monday and closed at US$2,408 per tonne, down US$51 per tonne or 2.07 per cent. On Monday, July 25, LME aluminium cash bid price stood at US$2,431 per tonne, and LME aluminium official settlement price closed at US$2,431.50 per tonne. Both the prices...
Hindalco’s aluminium ingot price recovers INR2750/t on July 23 to stand at INR228750/t
On Saturday, July 23, Hindalco’s aluminium products prices, as well as aluminium ingot price saw a rise of INR 2,750 per tonne or 1.12 per cent, following a cut of the same amount on the previous day. Thus, Hindalco’s aluminium ingot price rebounded to INR 228,750 per tonne, with effect from July...
Vedanta’s aluminium wire rod & billet prices build-up by INR2750/t on July 23
Vedanta Limited’s aluminium products and aluminium ingot prices rebounded on Saturday, July 23, following a cut on the previous day. With effect from Saturday, Vedanta’s aluminium wire rod price has increased by INR 2,750 per tonne to come in at INR 234,250-241,750 per tonne. On July 22, the price...
China’s A00 aluminium ingot price opens the week with a drop of RMB150/t; Low carbon aluminium price falls by RMB172/t
China’s A00 aluminium ingot price opened the week on Monday, July 25, with a drop of RMB 150 per tonne, after witnessing a hike on Friday, July 22. As per the SMM data, the price for July 25 closed at RMB 17,840 per tonne, with average prices expected to range between RMB 17,820 per tonne and RMB...
LME benchmark aluminium price elevates by US$34/t; SHFE gains US$8/t every alternate day
LME aluminium opened at US$2,437 per tonne last Friday and closed at US$2,459 per tonne, an increase of US$19.5 per tonne or 0.8 per cent. LME aluminium cash bid price stopped at US$2,459 per tonne, with a 1.44 per cent or US$35 per tonne escalation on Friday, July 22, while LME aluminium official...
Primary aluminium weekly recap: Rio Tinto inks MoU with Ford Motor for low carbon aluminium supply; Aditya Aluminium initiates to restore water bodies in Odisha’s Rengali Block region
The primary aluminium industry witnessed a lot of significant incidents this week. From the LME aluminium price opening the week with an escalation to the news of Rio Tinto resolving tax disputes with the Australian taxation office, the metal market as a whole had been going through lots of ups and...
NALCO escalates its aluminium ingot price by INR11300/t with effect from July 21
National Aluminium Company Limited has escalated its aluminium ingot and aluminium products prices by INR 11,300 per tonne or 2.6 per cent, since the last cut on July 15. With effect from Thursday, July 21, NALCO’s aluminium ingot price has come in at INR 227,650-231,150 per tonne versus INR...
Exacerbating energy prices drive Romania's only alumina refinery into hibernation for 17 months
The Romanian aluminium giant Alro stated that the nation's sole alumina refinery, Alum, located in Tulcea, plans for a temporary production halt by putting the cause of 'prohibitive' energy prices. During its July 20 filing to the Bucharest Stock Exchange, the management proposed for approval by...
LME aluminium benchmark price slumps by US$30.5/t to US$2,426/t; SHFE price closes at US$2,657/t
The LME aluminium price on Thursday opened at US$2,427 per tonne, closed at US$2,439.5 per tonne, and increased by US$17.5 or 0.72 percent. On Thursday, July 21, the LME aluminium cash bid price slipped by US$32 per tonne or 1.30 per cent to settle at US$2,424 per tonne after witnessing a hike the...
China’s A00 aluminium price augments by RMB150/t; High purity aluminium prices see RMB200/t spike
A00 aluminium ingot price has seen an RMB 150 per tonne rise to close the week at RMB 17,990 per tonne, as recorded by the Shanghai Metals Market on Friday, July 22. The average prices are expected to range between RMB 17,970 per tonne and RMB 18,010 per tonne, with spot contracts trading at a...
Hindalco heightens its aluminium wire rod & billets prices for the third day by INR4000/t w.e.f. July 21
Hindalco Industries Limited has expanded its aluminium products and aluminium ingot prices for the third day in a row, with effect from Thursday, July 21. The company has increased its aluminium wire rod price by INR 4,000 per tonne to INR 239,850 per tonne as of July 21. On the previous day, the...
