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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Aluminium clad Silver Moon from WeeRoll, a cheap and durable recreational vehicle
Silver Moon by WeeRoll is a cost-effective and long-lasting alternative for those wishing to own a recreational vehicle (RV) and fulfil their dream of travelling around the globe. As per Autoevolution, the WeeRoll Silver Moon camper, which starts at a little under $15,000, is made up of aluminium....
A00 aluminium ingot price records back-to-back hike to RMB20840/t; Aluminium alloy (A356) price gains RMB300/t
According to the Shanghai Metals Market, A00 aluminium ingot price in China has built up by RMB 300 per tonne on Monday, June 6, to stand at RMB 20,840 per tonne. This has marked the second consecutive hike following a rise of RMB 350 per tonne. Today, the average prices are expected to range...
SHFE re-opens with a rise of US$96/t after the Dragon Boat Festival; LME was closed for Bank Holiday
On Monday, June 6, the benchmark aluminium price for SHFE has soared up by US$96 per tonne or 3.14 per cent to settle at US$3,147 per tonne. The market was closed due to the Dragon Boat Festival on Friday, June 3. The most-traded SHFE 2207 aluminium closed up 1.7 per cent or RMB 345 per tonne to...
Primary aluminium weekly recap: RUSAL reveals its 2021 sustainability report, with special attention on 'Human Focus'; Alba expands its presence in the Asia-Pacific region
The main attraction for this week’s global primary aluminium segment was RUSAL’s sustainability report. RUSAL, one of the world's largest aluminium manufacturers, released its 2021 annual sustainability report with special attention on ‘Human Focus.’ The report highlights RUSAL’s commitment towards...
Hindalco up its aluminium wire rod price cut rate to 3.8% on June 2
Hindalco Industries Limited’s aluminium products and aluminium ingot prices saw back-to-back cuts in past two days on June 1 and June 2. As per the data revealed by the company, Hindalco’s aluminium wire rod price underwent a slash of INR 10,000 per tonne or 3.79 per cent on June 2 to total INR...
NALCO reduces aluminium ingot price by INR4800/t or 2% with effect from May 28
National Aluminium Company Limited reduced its aluminium ingot and aluminium products prices, with effect from Saturday, May 28, following two hikes on May 19 and May 25. Since the last cut, NALCO’s aluminium ingot price has come in at INR 254,250 – 257,750 per tonne, down by INR 4,800 per tonne or...
China’s aluminium billet inventory plunges by 3,000 tonnes W-o-W to close at 127,100 tonnes
China’s aluminium billet inventory has plunged by 3,000 tonnes W-o-W to settle at 127,100 tonnes. Yesterday, downstream purchases were bolstered by the sharp fall in aluminium prices and the forthcoming Dragon Boat Festival. Overall, downstream consumption has rebounded, and the market is confident...
China’s A00 aluminium ingot price escalates by RMB350/t to US$20,540/t; Imported alumina price shrinks by US$5/t
A00 aluminium ingot price in China has gained RMB 350 per tonne, following a sharp decline of RMB 570 per tonne on the previous day. According to the Shanghai Metals Market data, the price has come in at RMB 20,540 per tonne as of June 2, with average prices estimated to range between RMB 20,520...
LME aluminium price plummets by US$115/t to US$2701.50/t; SHFE price ascends by US$35/t
LME aluminium opened at US$2,792.5 per tonne on Wednesday and closed at US$2,724 per tonne, down US$65 per tonne or 2.23 percent. On Wednesday, June 1, both LME aluminium cash bid price and LME aluminium official settlement price plummeted by US$115 per tonne or 4.08 percent to close at US$2,701...
China’s A00 aluminium ingot price crash-lands on RMB20190/t with RMB570/t cut; High purity aluminium prices loose RMB600/t
A00 aluminium ingot price has plummeted by RMB 570 per tonne to stand at RMB 20,190 per tonne, as recorded by the Shanghai Metals Market on Wednesday, June 1. The average prices are estimated to range between RMB 20,170 per tonne and RMB 20,210 per tonne, with spot contracts trading at a discount...
Vedanta heightens its aluminium ingot price by INR2750/t or 1% with effect from May 31
Vedanta Limited expanded its aluminium ingot and aluminium products prices, with effect from Tuesday, May 31, following a cut last week on May 26. The company heightened its aluminium ingot price by INR 2,750 per tonne or 1 per cent to the range of INR 255,500 – 291,200 per tonne versus INR...
LME aluminium benchmark price slumps by US$46.5/t; SHFE plummets by 3% to US$3016/t
LME aluminium opened at US$2,885 per tonne on Tuesday and closed at US$2,789 per tonne, experiencing a sharp downfall of $91 per tonne or 3.16 per cent. On Tuesday, May 31, LME aluminium cash bid price witnessed a plunge of US$46 per tonne, while LME aluminium official settlement price slumped by...
Hindalco’s aluminium wire rod and billets prices escalate by INR2750/t after back-to-back cuts
Hindalco Industries Limited has revised its aluminium products and aluminium ingot prices this week, which, as per the data, has been ascended after back-to-back cuts on May 25 and May 26. With effect from May 31, Hindalco has increased its aluminium wire rod price by INR 2,750 per tonne to INR...
LME aluminium price grows by US$40/t to US$2863/t; SHFE price slips by US$8/t
LME aluminium opened at US$2,885 per tonne on Monday and closed at US$2,880 per tonne, an increase of US$11.5 per tonne or 0.4 per cent. On Monday, May 30, LME aluminium cash bid price and LME aluminium official settlement price settled at US$2,862 per tonne and US$2,863 per tonne, after witnessing...
Alumina spot price in China dips by RMB2/t to RMB2987/t; A00 aluminium ingot price inches up by RMB10/t
China's average alumina spot price has continued to fall for the second day in a row, although at a lower rate than the previous day. According to the Shanghai Metals Market data, the price has dipped by RMB 2 per tonne to stand at RMB 2,987 per tonne on Tuesday, May 31. In Guizhou and Guangxi,...
China’s alumina price drops by RMB6/t to RMB2989/t; A00 aluminium ingot price falls by RMB50/t at the week’s start
The average alumina spot price in China has dived down by RMB 6 per tonne to rest at RMB 2,989 per tonne, and particularly in Shanxi, it has fallen by RMB 15 per tonne to halt at RMB 2,905 per tonne. A00 aluminium ingot price has dropped by RMB 50 per tonne to settle at RMB 20,750 per tonne on...
LME aluminium price climbs down by US$2.5/t to US$2,823/t; SHFE price surges by US$38/t
LME aluminium opened at US$2,867 per tonne last Friday and closed at US$2,868.5 per tonne, an increase of US$2.5 per tonne or 0.09 per cent. LME aluminium cash bid price and LME aluminium official settlement price settled at US$2,822.50 per tonne and US$2,823 per tonne, respectively, both...
Hindalco back-to-back cuts its aluminium wire rod & billet prices by total INR11500/t
Hindalco Industries Limited slashed its aluminium products and aluminium ingot prices back-to-back this week, following incessant hikes since May 13. On May 25, Hindalco reduced its aluminium wire rod price by INR 6,750 per tonne to INR 268,850 per tonne and extended the cut by INR 4,750 per tonne...
