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 price faces a huge slump of RMB790/t resting at RMB18240/t; Alumina price in Shanxi records RMB5/t hike
A00 aluminium ingot price in China has witnessed a massive plunge of RMB 790 per tonne on July 6, Wednesday. According to the Shanghai Metals Market, the price has precisely settled at RMB 18,240 per tonne, with average prices estimated to range between RMB 18,220 per tonne and RMB 18,260 per tonne...
LME aluminium benchmark price contracts by US$57.5/t to US$2,374/t; SHFE price nosedives by US$122/t
LME aluminium fell below at US$2,400 per tonne on Tuesday and closed at US$2,369 per tonne. On July 5, both LME aluminium cash bid price and LME aluminium official settlement price plunged by US$59 per tonne or 2.42 per cent and US$57.5 per tonne or 2.36 per cent to score at US$2,372 per tonne and...
LME aluminium escalates to US$2431.5/t after US$47.5/t is added; SHFE slumps by US$7/t
LME aluminium opened at US$2,475 per tonne on Monday and closed at US$2,463 per tonne, down 0.22 per cent. LME aluminium cash bid price stood at US$2,431 per tonne, with a 2.01 per cent or US$48 per tonne escalation on Monday, July 4. LME aluminium official settlement price halted at US$2,431.50...
China’s A00 aluminium ingot price declines by RMB140/t to RMB19,030/t; Aluminium alloys (ADC12) price plunge by RMB100/t
On Tuesday, July 5, China’s A00 aluminium ingot price has dropped by RMB 140 per tonne to settle at RMB 19,030 per tonne, following a hike the previous day. The average price is expected to range between RMB 19,010 per tonne and RMB 19,050 per tonne, with spot contract to be traded at a discount...
China’s A00 aluminium ingot price builds up by RMB120/t after two back-to-back falls; Imported bauxite price gains US$1.5/t
A00 aluminium ingot price in China has opened the week with a hike of RMB 120 per tonne, following two consecutive downfalls from RMB 19,370 per tonne to RMB 19,050 per tonne, found the Shanghai Metals Market. Hence, on Monday, July 4, the price has come in at RMB 19,170 per tonne, with average...
LME aluminium benchmark price slumps by US$13/t to US$2,384/t; SHFE price hikes by US$23/t
LME aluminium opened at US$2,435 per tonne last Friday and fell to US$2,380 per tonne before closing at US$2,468 per tonne, an increase of US$24.5 per tonne or 1 per cent. On Friday, July 1, both LME aluminium cash bid price and LME aluminium official settlement price slipped by US$13.5 per tonne...
Primary aluminium weekly recap: Century Aluminum shutdown to put Hawesville at revenue loss; United States to impose 35% tariff on aluminium imports from Russia
The global primary aluminium industry experienced some significant developments this week. Like, to begin with, it can be seen that the geopolitical crisis has put the metal industry under various obstacles, and its impact is still ongoing. The shutting down of Century Aluminum in Hawesville due to...
Hindalco trims its aluminium ingot price for the second day in a row by INR3500/t w.e.f. June 30
Hindalco Industries Limited reduced its aluminium ingot and aluminium products prices, with effect from Thursday, June 30. The company trimmed its aluminium ingot price by INR 3,500 per tonne to INR 225,250 per tonne. On the previous day, June 29, Hindalco’s aluminium ingot price stood at INR...
Vedanta deducts INR4750/t from its aluminium ingot price with effect from July 1
Vedanta Limited has deducted INR 4,750 per tonne from all its aluminium products and aluminium ingot price, with effect from Friday, July 1. With this cut, Vedanta’s aluminium ingot price has come in at INR 220,500-253,500 per tonne, in contrast to INR 225,250- 258,250 per tonne on June 30. The...
China’s A00 aluminium ingot price shrinks for two straight days closing the week at RMB19050/t; Australian alumina FOB loses US$1/t
A00 aluminium ingot price in China has plunged by RMB 180 per tonne to close the week, ending July 1, at RMB 19,050 per tonne, found the Shanghai Metals Market. The average prices are estimated to range between RMB 19,030 per tonne and RMB 19,070 per tonne and spot contracts to be traded at a...
LME aluminium official price contracts by US$55/t to US$2,397/t; SHFE price drops by US$44/t
LME aluminium opened at US$2,472 per tonne on Thursday and closed at US$2,444 per tonne, down US$28.5 per tonne or 1.15 per cent. On Thursday, June 30, both LME aluminium cash bid price and LME aluminium official settlement price plunged by US$54.5 per tonne or 2.22 per cent and US$55 per tonne or...
Launch alert! AlCircle’s 11th edition of flagship e-Magazine -“European Aluminium Industry Focus: 2022”
In the wake of previous successful e-Magazine releases, AlCircle is pleased to announce the launch of its 11th edition of e-Magazine - " European Aluminium Industry Focus 2022 ." The magazine throws light on the current state of the European Aluminium Market, as well as a detailed study of the...
The sole Romanian calcined alumina producer to halt operations from August 1 due to electricity & natural gas price surge
The electricity and natural gas price surge has led the sole Romanian alumina producer to temporarily suspend operations. According to a report on Thursday, June 30, Alum Tulcea, an alumina refinery controlled indirectly by Vimetco through the aluminium producer Alro Slatina will halt production...
LME aluminium official price suffers US$48/t loss closing at US$2452/t; SHFE drops US$10/t to stop at US$2883/t
LME aluminium opened at US$2,491 per tonne on Wednesday and closed at US$2,472.5 per tonne, down US$14.5 per tonne or 0.58 per cent. LME aluminium cash bid price stood at US$2,451 per tonne, with a 1.92 per cent or US$48 per tonne slump, according to London Metal Exchange. LME aluminium official...
China's A00 aluminium ingot price plunges by RMB140/t; Aluminium alloy (A356) price drops by RMB100/t
On Thursday, June 30, China’s A00 aluminium ingot price has slipped by RMB 140 per tonne to settle at RMB 19,230 per tonne, says the Shanghai Metals Market. The average price for the same is expected to hover between RMB 19,210 per tonne and RMB 19,250 per tonne, with spot contracts to be traded at...
Japanese aluminium buyers agree to pay a premium of $148/t for the third quarter shipments
Some Japanese aluminium buyers have reportedly agreed to pay a premium of $148 per tonne over the benchmark price for the shipments in the September quarter. Compared to the premium payment of $172 per tonne in the ongoing quarter, it is down by 14 per cent. The news came on Wednesday, June 29,...
China’s A00 aluminium ingot price augments by RMB110/t midweek closing at RMB19370/t; Australian alumina FOB price drops by US$3/t
A00 aluminium ingot price has further heightened by RMB 110 per tonne for the third consecutive day to come in at RMB 19,370 per tonne, as recorded by the Shanghai Metals Market on Wednesday, June 29. The average prices are expected to range between RMB 19,350 per tonne and RMB 19,390 per tonne,...
Vedanta’s aluminium wire rod price builds up INR1500/t in line with LME price rise
Vedanta Limited has expanded its aluminium products and aluminium ingot prices, with effect from Tuesday, June 28, by INR I,500 per tonne or 0.65 per cent. That has brought the company’s aluminium wire rod price to INR 231,000-238,500 per tonne from INR 229,500-237,000 on June 25. Vedanta’s...
