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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A00 aluminium ingot price in China slumps by RMB390/t to RMB17,600/t; Australian Alumina FOB price drops by US$12/t
On Wednesday, July 13, the A00 aluminium ingot price in China has declined by RMB 390 per tonne to halt at RMB 17,600 per tonne. As per the SMM data, the average price for the same is expected to range between RMB 17,580 per tonne and RMB 17,620 per tonne, with spot contract to be traded at a...
China’s A00 aluminium ingot price loses RMB190/t today; Alumina spot price inches up by RMB1/t
A00 aluminium ingot price in China has witnessed a plunge of RMB 190 per tonne on July 12, Tuesday. According to the Shanghai Metals Market, the price has precisely settled at RMB 17,990 per tonne, with average prices estimated to range between RMB 17,970 per tonne and RMB 18,010 per tonne and spot...
LME opens the week with a growth of US$17.5/t to US$2,417/t; SHFE slumps by US$50/t
LME aluminium opened at US$2,436.5 per tonne on Monday and closed at US$2,377 per tonne, down US$66.5 per tonne or 2.72 per cent. On Monday, July 11, both LME aluminium cash bid price and LME aluminium official settlement price opened the week with a growth of US$17 per tonne or 0.70 per cent and...
China’s A00 aluminium ingot price opens the week with a decline of RMB280/t; Average alumina spot price moves up by RMB4/t
On Monday, July 11, A00 aluminium ingot price in China opened the week with a dropdown of RMB 280 per tonne to settle at RMB 18,180 per tonne. The average price for the same is expected to range between RMB 18,160 per tonne and RMB 18,200 per tonne, with spot contract to be traded at a discount...
LME aluminium benchmark price plummets to US$2399.5/t showing uneven behaviour; SHFE loses US$39/t closing at US$2719/t
LME aluminium opened at US$2,449 per tonne last Friday and closed at US$2,443.5 per tonne, down US$4 per tonne or 0.16 per cent. LME aluminium cash bid price stood at US$2,399 per tonne, with a 0.72 per cent or US$17.50 per tonne slump, according to London Metal Exchange. LME aluminium official...
NALCO’s aluminium prices undergo a revision after two weeks; ingot price falls by INR1700/t to INR221,750-225,250/t
After almost two weeks and close observation to the fluctuating LME aluminium price trend, NALCO revised its aluminium ingot and aluminium products prices on July 8. As per the price chart revealed, NALCO slightly cut its aluminium ingot price by INR 1,700, following two consecutive significant...
Primary aluminium weekly recap: Vedanta’s aluminium business to benefit from Athena power plant investment; Lobachevsky University scientists develop aluminium alloys with high plasticity
Due to the unique features of aluminium, like lightweight, recyclable, corrosion resistance, and high strength, the metal is considered one of the top choices for the manufacturing industry professionals. In addition to this, aluminium is a metal which is constantly under the experimental radar....
LME aluminium price oscillated through the week ending lower at US$2399.5/t; SHFE price closed at US$2758/t
LME aluminium benchmark price displayed an oscillating trend this week, ending lower on Friday, July 8. LME aluminium cash bid price and LME aluminium official settlement price started at US$2,431 per tonne and US$2,431.50 per tonne as of Monday, July 4, seeing an increase of 2 per cent from the...
Hindalco’s aluminium wire rod price uptrends by 1.69% to INR233, 850/t w.e.f July 8
Hindalco Industries Limited has revised its aluminium products and aluminium ingot prices this week, which, as per the data, has trended up after witnessing a cut on July 6. With effect from July 8, Hindalco has scaled up its aluminium wire rod price by INR 3,750 per tonne or 1.69 per cent to INR...
Vedanta escalates its aluminium ingot selling price by 2% to INR 220,500-252,000/t on July 8
Vedanta Limited has escalated its aluminium ingot and aluminium products prices with effect from Friday, July 8, following two consecutive days of cut on July 6 & 7. As per the price chart revealed, Vedanta has hiked its aluminium ingot price by INR 4,250 per tonne or 1.97 per cent to INR...
China’s A00 aluminium ingot price turns upward ending the week at RMB18460/t; Caustic soda price loses RMB20/t in Henan
A00 aluminium ingot price in China has escalated by RMB 230 per tonne to close the week, ending July 8, at RMB 18,460 per tonne, found the Shanghai Metals Market. The average prices are estimated to range between RMB 18,440 per tonne and RMB 18,480 per tonne, with spot contracts trading at a...
LME aluminium benchmark price strolls higher by US$59.5/t to US$2,417.50/t; SHFE price grows by US$31/t
LME aluminium opened at US$2,375 per tonne on Thursday and closed up 1.31 per cent. Both LME aluminium cash bid price and LME aluminium official settlement price expanded by US$59.5 per tonne or 2.52 per cent on Thursday, July 7, following two consecutive downfalls from US$2,374 per tonne to...
Primary aluminium inventories decline 11,000 tonnes W-o-W as downstream purchase grows on price fall
According to the Shanghai Metals Market, social inventories of primary aluminium have decreased by 11,000 tonnes week-on-week across China's eight major consumption areas, following a restraint over the weekend on Monday, July 4. As per the SMM data, inventories as of July 7 have come in at 723,000...
LME aluminium benchmark price shrinks by US$16/t closing at US$2358/t; SHFE suffers a loss of US$6/t
LME aluminium opened at US$2,375 per tonne on Wednesday and rose to US$2,423 per tonne before closing at US$2,400 per tonne, an increase of US$31 per tonne or 1.31 per cent. LME aluminium cash bid price stood at US$2,357 per tonne, with a 0.63 per cent or US$15 per tonne slump, according to London...
China’s A00 aluminium ingot price drops by RMB10/t to RMB18230/t; Average alumina spot price inches up by RMB1/t
A00 aluminium ingot price in China has decreased by RMB 10 per tonne to settle at RMB 18,230 per tonne, as recorded by the Shanghai Metals Market on Thursday, July 7. The average prices are expected to range between RMB 18,210 per tonne and RMB 18,250 per tonne, with spot contracts to be traded at...
Falling aluminium and copper prices may lead KEI Industries to reduce its price
The Chairman of KEI Industries, Anil Gupta stated that the company has already implemented some price cuts in Q1FY23, and with copper and aluminium prices down 20%-30% Q-o-Q, it may further cut prices in the near future. KEI Industries, the market leader in the manufacturing of wires and cables in...
Hindalco chops its aluminium ingot and products prices by INR4750/t on July 6
Hindalco Industries Limited has slashed its aluminium ingot and aluminium products prices, with effect from July 6, following a hike on the previous day. Hindalco has axed its aluminium ingot price by INR 4,750 per tonne or 2.12 per cent to INR 219,000 per tonne. On July 5, the company’s ingot...
Vedanta increases its aluminium wire rod price by INR3000/t w.e.f. July 5 as LME price grows over the weekend
Vedanta Limited has increased its aluminium products and aluminium ingot prices for the second time in a row, with effect from Tuesday, July 5. The company expanded its aluminium wire rod price by INR 3,000 per tonne to INR 231,000- 238,500 per tonne versus INR 228,000- 235,500 per tonne on July 1....
