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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LME aluminium benchmark price hikes by US$47/t to US$2,500/t; SHFE price grows by US$16/t
LME aluminium opened at US$2,488 per tonne on Tuesday and closed at US$2,487 per tonne, down US$1 per tonne or 0.04 per cent. On June 28, both LME aluminium cash bid price and LME aluminium official settlement price hiked by US$46.5 per tonne or 1.89 per cent and US$47 per tonne or 1.91 per cent,...
Hindalco’s aluminium ingot price sees a rise of INR1250/t on June 28 after an intermittent cut last week
Hindalco Industries Limited has again increased its aluminium ingot and aluminium products prices, with effect from Tuesday, June 28, following an intermittent cut of INR 3,500 per tonne on May 25. Today, on June 28, Hindalco’s aluminium ingot price has seen a rise of INR 1,250 per tonne or 0.56...
LME aluminium benchmark price begins the week hiking by US$17/t to US$2453/t; SHFE refusing change halts at US$2877/t
LME aluminium opened at US$2,455 per tonne on Monday and closed at US$2,488 per tonne, up US$38 per tonne or 1.55 per cent. LME aluminium cash bid price stood at US$2,452.50 per tonne, with a 0.7 per cent or US$17 per tonne escalation on Monday, June 27. LME aluminium official settlement price...
A00 aluminium ingot price in China grows by RMB70/t to RMB19,260/t; Aluminium alloy (A356) price hikes by RMB50/t
On Tuesday, June 28, China’s A00 aluminium ingot price has hiked by RMB 70 per tonne to settle at RMB 19,260 per tonne, with the average price expected to range between RMB 19,240 per tonne and RMB 19,280 per tonne and spot contract to be traded at a discount price of RMB -20 and a premium price of...
China’s A00 aluminium price begins the week with RMB30/t rise settling at RMB19190/t; Aluminium alloys (ADC12) and (A380) experience RMB50/t cut
A00 aluminium ingot price has heightened by RMB 30 per tonne to begin the week at RMB 19,190 per tonne, as recorded by the Shanghai Metals Market on Monday, June 27. The average prices are supposed to range between RMB 19,170 per tonne and RMB 19,210 per tonne, with spot contracts trading at a...
LME aluminium benchmark price falls by US$44/t to US$2436/t; SHFE price grows by US$9/t
LME aluminium opened at US$2,468 per tonne last Friday and closed at US$2,450 per tonne, down US$18 per tonne or 0.73 per cent. On Friday, June 24, both LME aluminium cash bid price and LME aluminium official settlement price inclined downwards by US$42.5 per tonne or 1.71 per cent and US$44 per...
Vedanta cuts its aluminium ingot price on an alternate day by 1.7% to INR222,000-255,000/t
Vedanta Limited reduced its aluminium ingot and aluminium products prices on an alternate day after escalating the prices on Friday, June 24. With effect from Saturday, June 25, Vedanta’s aluminium ingot price saw a slash of INR 3,750 per tonne or 1.66 per cent to INR 222,000-255,000 per tonne. On...
Hindalco Industries’ aluminium ingot price undergoes a hike of INR2250/t on June 24
Hindalco Industries Limited further expanded its aluminium ingot and aluminium products prices, in line with the increase in global aluminium benchmark price. As of Friday, June 24, Hindalco’s aluminium ingot price closed at INR 225,750 per tonne, up by INR 2,250 per tonne or 1 per cent from INR...
LME aluminium benchmark price slid through the week by US$26/t to US$2436/t; SHFE price closed lower at US$2868/t
The LME aluminium prices have ended this week lower at around US$2,436 per tonne, but with some intermittent hikes. On Monday, June 20, LME aluminium cash bid price dropped by US$12.5 per tonne to US$2,461 per tonne and LME aluminium official settlement price decreased by US$12 per tonne to...
LME closes the week augmenting by US$24.5/t to US$2480//t; SHFE slumps to US$2868/t
LME aluminium opened at US$2,520 per tonne on Thursday and closed at US$2,438 per tonne, down US$71 per tonne or 2.8 per cent. LME aluminium cash bid price stood at US$2,478 per tonne, with a 0.94 per cent or US$23 per tonne escalation on Thursday, June 23. LME aluminium official settlement price...
China’s A00 aluminium ingot price plummets for the third day to RMB19160/t; Aluminium alloy (A356) price shrinks by RMB200/t
A00 aluminium ingot price in China has recorded a decline for the third consecutive day to stand at the edge of RMB 19,000 per tonne. According to the Shanghai Metals Market, the primary aluminium ingot price has plunged by RMB 180 per tonne to close the week on Friday, June 24, at RMB 19,160 per...
China’s A00 aluminium ingot price crash-dives RMB430/t stopping at RMB19340/t; High purity aluminium plunge by RMB400/t
A00 aluminium ingot price has plummeted by RMB 430 per tonne to stand at RMB 19,340 per tonne, as recorded by the Shanghai Metals Market on Thursday, June 23. The average prices are supposed to range between RMB 19,320 per tonne and RMB 19,360 per tonne, with spot contracts trading at a premium...
LME aluminium benchmark price slumps by US$64/t; SHFE price drops by 1.79%
LME aluminium opened at US$2,524.5 per tonne on Wednesday and closed at US$2,539 per tonne, an increase of US$9 per tonne or 0.36 per cent. On June 22, both LME aluminium cash bid price and LME aluminium official settlement price dropped by US$63.5 per tonne or 2.52 per cent and US$64 per tonne or...
Vedanta heightens its aluminium billet & wire rod prices by INR4000/t with effect from June 22
Vedanta Limited has finally increased its aluminium products and aluminium ingot prices after reducing them ceaselessly since June 11. With effect from Wednesday, June 22, Vedanta’s aluminium billet price has come in at INR 237,500 per tonne, up by INR 4,000 per tonne from INR 233,500 per tonne on...
Hindalco’s aluminium ingot price escalates by INR5000/t after witnessing continuous cuts since June 11
After witnessing continuous cuts since June 11, Hindalco Industries Limited’s aluminium ingot and aluminium product prices trended up by INR 5,000 per tonne or 2.23 per cent, as of June 22. That brought the company’s aluminium ingot price to INR 228,500 per tonne, from INR 223,500 per tonne on June...
NALCO’s aluminium ingot price experiencing ceaseless cuts to currently stand at INR223,450-226,950/t w.e.f. June 21
National Aluminium Company Limited (NALCO) has again reduced its aluminium ingot and aluminium products prices by almost the same amount like last time. With effect from June 21, NALCO has slashed its aluminium ingot price by INR 10,200 per tonne or 4.4 per cent to INR 223,450-226,950 per tonne...
LME rises mid-week by US$57.5/t to close at US$2519.5/t; SHFE suffers an US$17/t cut
LME aluminium opened at US$2,515 per tonne on Tuesday and closed at US$2,530 per tonne, an increase of US$15.5 per tonne or 0.62 per cent. LME aluminium cash bid price stood at US$2518.50 per tonne, with a 2.34 per cent or US$57.50 per tonne hike, according to London Metal Exchange data. LME...
A00 aluminium ingot price drops by RMB90/t to RMB19,770/t; Aluminium alloy (A356) dwindles by RMB100/t
China’s A00 aluminium ingot price has plunged by RMB 90 per tonne after witnessing a hike the previous day. As per the SMM data, the price on June 22 closed at RMB 19,770 per tonne, with the average price expected to stand between RMB 19,750 per tonne and RMB 19,790 per tonne and spot contracts...
