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
Soaring aluminium prices and glass bottle supply shortage leave Mexico in a beer dearth situation
The escalating prices of aluminium, and cardboard and the scarcity of glass bottles are reasons for the beer shortage in some areas of Mexico. ANPEC, a national small business organisation, reports that supply shortages are observed mainly in the Northern parts of the country, with recurring data...
China’s A00 aluminium ingot price slips by RMB40/t to RMB 17,840/t; Aluminium alloy (A356) price drops by RMB50/t
China’s A00 aluminium ingot price has dropped by RMB 40 per tonne to close at RMB 17,840 per tonne as of Thursday, July 21. The average price for the same is expected to range between RMB 17,820 per tonne and RMB 17,860 per tonne, with spot contract to be traded at a discount price of RMB 30 per...
LME benchmark aluminium price rises by US$44.50/t; SHFE shifts US$8/t upwards
LME aluminium opened at US$2,389 per tonne on Wednesday and closed at US$2,422 per tonne, up US$37 per tonne or 1.55 per cent. LME aluminium cash bid price stopped at US$2,456 per tonne, with a 1.84 per cent or US$44.50 per tonne escalation on Wednesday, July 20, while LME aluminium official...
Vedanta’s aluminium ingot price sees a back-to-back rise to INR222,750-254,250/t on July 20
Vedanta Limited has expanded its aluminium ingot and aluminium products prices for the second day in a row, with effect from Wednesday, July 20. Vedanta’s aluminium ingot price has witnessed an increase of INR 3,250 per tonne to INR 222,750-254,250 per tonne on July 20. On July 19, the price stood...
LME aluminium price grows by US$34.5/t to US$2,412/t; SHFE price drops by US$24/t
LME aluminium opened at US$2,430.5 per tonne on Tuesday and closed at US$2,385 per tonne, down US$42 per tonne or 1.73 per cent. On Tuesday, July 19, both LME aluminium cash bid price and LME aluminium official settlement price stopped at US$2,411.50 per tonne and US$2,412 per tonne after...
China’s A00 aluminium ingot price drops RMB20/t with uneven price change in provinces; Low carbon aluminium price falls by RMB12/t
A00 aluminium ingot price in China has plummeted by RMB 20 per tonne on July 20, Wednesday. According to the Shanghai Metals Market, the price has accurately settled at RMB 17,880 per tonne, with average prices estimated to range between RMB 17,860 per tonne and RMB 17,900 per tonne and spot...
Hindalco expands its aluminium ingot price by INR4250/t in response to LME price rally over the weekend
Hindalco Industries Limited has increased its aluminium ingot and aluminium products prices, with effect from Tuesday, July 19, following a cut last week, July 15. Hindalco’s aluminium ingot price has witnessed a hike of INR 4,250 per tonne to stand at INR 221,500 per tonne. On July 15, the price...
China’s A00 aluminium ingot price hikes by RMB160/t to RMB17,900/t; Average alumina price moves up by RMB3/t
On Tuesday, July 19, China’s A00 aluminium ingot price surged by RMB 160 per tonne to settle at RMB 17,900 per tonne. The average price for the same is expected to orbit between RMB 17,880 per tonne and RMB 17,920 per tonne, with spot contract to be traded at a discount price of RMB 30 per tonne...
LME benchmark aluminium price shoots up US$57/t to begin the week; SHFE soars by US$44/t
LME aluminium opened at US$2,336.5 per tonne Monday and closed at US$2,427 per tonne, an increase of US$87 per tonne or 3.72 per cent. LME aluminium cash bid price halted at US$2,377 per tonne, with a 2.48 per cent or US$57.50 per tonne escalation on Monday, July 18. LME aluminium official...
NALCO’s aluminium ingot price shrinks by 2.4% to INR216,350-219,850/t w.e.f. July 15
National Aluminium Company Limited (NALCO) continued to axe its aluminium ingot and aluminium products prices, with effect from Friday, July 15. The company reduced its aluminium ingot price by INR 5,400 per tonne or 2.4 per cent to INR 216,350-219,850 per tonne. A week ago, July 8, NALCO’s...
LME aluminium official price dips by US$8.5/t to US$2,320.50/t; SHFE price slides up by US$68/t
LME aluminium opened at US$2,335 per tonne last Friday and closed at US$2,340 per tonne, an increase of US$13 per tonne or 0.56 per cent. On Friday, July 15, both LME aluminium cash bid price and LME aluminium official settlement price slipped by US$8.5 per tonne or 0.36 per cent to halt at...
China’s A00 aluminium ingot price heightens RMB320/t to begin the week; High purity aluminium price rises by RMB300/t
A00 aluminium ingot price has seen a substantial spike of RMB 320 per tonne to begin the week at RMB 17,740 per tonne, as recorded by the Shanghai Metals Market on Monday, July 18. The average prices are expected to range between RMB 17,720 per tonne and RMB 17,760 per tonne, with spot contracts to...
Primary weekly recap: Rio Tinto to invest US$188 million to scale up low-carbon aluminium billet production; Vedanta Aluminium inks MoU with TÜV SÜD to achieve water-positive sustainability goals;
LME aluminium's official settlement price opened the week with a growth of US$17.5 per tonne to close at US$2,417 per tonne, which declined by US$59 per tonne the next day to halt at US$2,358 per tonne. On Wednesday, the LME aluminium benchmark price slumped by US$15 per tonne to stop at US$2,343...
China’s A00 aluminium ingot price closes the week with a slip of RMB20/t; Aluminium alloy (ADC12) price drops by RMB100/t
A00 aluminium ingot price in China closes the week with a slip of RMB 20 per tonne to settle at RMB 17,420 per tonne, says the SMM data. The average price for the same is expected to range between RMB 17,400 per tonne and RMB 17,440 per tonne, with spot contract to be traded at a premium price of...
LME aluminium benchmark price shrinks by US$14/t; SHFE sheds US$26/t resting at US$2561/t
LME aluminium opened at US$2,357.5 per tonne on Thursday and closed at US$2,327 per tonne, down US$32 per tonne or 1.36 per cent. LME aluminium cash bid price stood at US$2,328 per tonne, with a 0.62 per cent or US$14.5 per tonne slump, according to London Metal Exchange. LME aluminium official...
China’s A00 aluminium ingot suffers an RMB160/t price decline; High purity aluminium price drops by RMB100/t
A00 aluminium ingot price in China has plummeted by RMB 160 per tonne on July 14, Thursday. According to the Shanghai Metals Market, the price has precisely settled at RMB 17,440 per tonne, with average prices estimated to range between RMB 17,420 per tonne and RMB 17,460 per tonne and spot...
LME aluminium benchmark price slumps by US$15/t to US$2,343/t; SHFE price declines by US$19/t
LME aluminium opened at US$2,360.5 per tonne on Wednesday and closed at US$2,359 per tonne, down US$1 per tonne or 0.04 per cent. LME aluminium cash bid price closed at US$2,342.50 per tonne, with a US$14.5 per tonne or 0.61 per cent drop, according to London Metal Exchange. LME aluminium official...
LME aluminium benchmark price drops by US$59/t to US$2358/t; SHFE plummets by US$63/t
LME aluminium opened at US$2,372 per tonne on Tuesday and closed at US$2,360 per tonne, down US$17 per tonne or 0.72 per cent. LME aluminium cash bid price stood at US$2,357 per tonne, with a 2.44 per cent or US$59 per tonne slump, according to London Metal Exchange. LME aluminium official...
