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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Hindalco sharply cuts its aluminium wire rod price by INR11250/t in line with LME’s plunge by US$172/t
Hindalco Industries Limited has sharply cut its aluminium products and aluminium ingot prices, with effect from Tuesday, April 26, in line with the two back-to-back declines in LME aluminium benchmark price. Hindalco has slashed its aluminium wire rod price by INR 11,250 per tonne to sell the...
LME aluminium price descends to US$3090/t; SHFE suffers the fifth day of fall closing at US$3171/t
LME aluminium opened at US$3,230 per tonne on Monday and closed at US$3,082 per tonne, down US$162.5per tonne or 5.01 per cent. On 25 th April, LME aluminium cash bid price stood at US$3,089 per tonne, facing a 4.76 per cent or US$154.50 per tonne decline, while LME aluminium official settlement...
China’s A00 aluminium ingot price shrinks for the third day to RMB20740/t for ongoing pandemic; Aluminium alloy (A356) plunges by RMB200/t
A00 aluminium ingot price in China has decreased for the third day in a row by RMB 210 per tonne on Tuesday, April 26, to stand at RMB 20,740 per tonne, found the Shanghai Metals Market. The average prices are estimated to range between RMB 20,720 per tonne and RMB 20,760 per tonne, with spot...
LME aluminium suffers fall till US$3244/t; SHFE aluminium is at US$3239/t enduring the fourth day of decline
LME aluminium opened at US$3,301 per tonne last Friday and closed at US$3,244.5 per tonne, down US$58 per tonne or 1.76 per cent. On 22nd April, LME aluminium cash bid price stood at US$3,243.50 per tonne, facing a 0.54 per cent or US$17.50 decline, while LME aluminium official settlement price...
A00 aluminium ingot price in China falls by RMB850/t; Australian alumina FOB price inches down by US$1/t
On March 25, Monday, China’s A00 aluminium ingot price has settled at RMB 20,950 per tonne after witnessing a drop of RMB 850 per tonne, found the Shanghai Metals Market. The average price for the same day is expected to orbit between RMB 20,930 per tonne and RMB 20,970 per tonne, with spot...
Downstream products weekly recap: Novelis to expand aluminium capacity with $30 million in Plettenberg-Ohle facility for the growing coffee capsules market; Altech Chemical invests in ‘highly positive’ feasibility plan to produce Silumina Anodes
The downstream aluminium segment has been in the news this week moreover due to a few interesting happenings. The American industrial aluminium company, headquartered in Atlanta, Georgia, United States, Novelis, which is also a subsidiary of Hindalco Industries has declared its investment plan of...
Hindalco’s aluminium billets price slips by INR5500/t on April 21 after an intermittent rise
Hindalco Industries Limited again cut its aluminium products and aluminium ingot prices, with effect from Thursday, April 21, following an intermittent hike on the previous day. On April 21, the company reduced its aluminium billets price by INR 5,500 per tonne or 1.82 per cent to sell the product...
Primarily aluminium weekly recap: India holds massive prospects for aluminium production as several applications will switch from steel; Indonesian coal miner Adaro Energy all set to enter the aluminium sector
The primary aluminium industry has witnessed a rise in LME aluminium by $US$39.5 per tonne on 21 st April 2022 and closed at US$3,302.5 per tonne. The Indian aluminium major, Nalco increased its aluminium ingot price by INR2100/t on April 21to sell it at INR 282,650-286,150 per tonne. The picture...
Vedanta slashes its aluminium ingot price by INR5500/t with effect from April 21
Vedanta Limited cut its aluminium ingot and aluminium products prices, with effect from Thursday April 21, soon after it raised the prices on the previous day. With effect from April 21, the company reduced its aluminium ingot price by INR 5,500 per tonne or 1.90 per cent to INR 283,250-330,750 per...
LME aluminium price swings down this week by US$68/t to US$3244/t; SHFE price shrinks to US$3384/t
The LME aluminium benchmark price resumed from the Easter Holiday on Tuesday, April 19, with a growth of 2 per cent. LME aluminium cash bid price and LME aluminium official settlement price grew by 2.25 per cent and 2.30 per cent on April 19 to settle at RMB 3,310 per tonne and RMB 3,312 per tonne,...
NALCO grows aluminium ingot price by INR2100/t on April 21 in response to three back-to-back hikes in LME
National Aluminium Company Limited has revised its aluminium ingot and aluminium products prices since its last cut on April 12. With effect from Thursday, April 21, NALCO has increased its aluminium ingot price by INR 2,100 per tonne or 0.75 per cent to sell it at INR 282,650-286,150 per tonne. On...
Bauxite exports to China unleashes new high in Q1'22, imports up by 15.4% Y-o-Y
Bauxite exports to China reached new highs in the first quarter of 2022, expanding at a rate of 12.8 per cent annual pace between 2017 and 2021, much surpassing all other commodities, which rose at a combined rate of only 4.3 per cent each year. Bauxite arrivals climbed 13.6 per cent in the fourth...
Average alumina price in China expands to RMB3010/t after a restraint last day; but A00 aluminium ingot price drops by RMB30/t
The average alumina spot price in China has recorded an increase of RMB 4 per tonne on Friday, April 22, following a restraint on the previous day. According to the Shanghai Metals Market, the price has closed the week at RMB 3,010 per tonne. However, the alumina price growth has not touched upon...
LME on rise again closing at US$3262/t; SHFE falls for three straight days to US$3384/t
LME aluminium opened at US$3,269 per tonne on Thursday and closed at US$3,302.5 per tonne, an increase of US$39.5 per tonne or 1.21 per cent. On 21 st April, LME aluminium cash bid price stood at US$3,261 per tonne and LME aluminium official settlement price halted at US$3,262. The former recorded...
AlCircle launches the 4th edition of e-Magazine - “Aluminium LeaderSpeak 2022”
AlCircle is pleased to announce the launch of the 4 th edition of its flagship e-Magazine, “Aluminium LeaderSpeak 2022.” It is an exclusive e-Magazine in which top industry professionals from the entire aluminium value chain have expressed their predictions for how the year will unfold for their...
LME descends after Easter to US$3240/t; SHFE suffers a fall marking US$3402/t
LME aluminium opened at US$3,263 per tonne on Wednesday and closed at US$3,263 per tonne, an increase of US$11 per tonne or 0.34 per cent. On 20 th April, LME aluminium cash bid price stood at US$3,239 per tonne and LME aluminium official settlement price halted at US$3,240. The former recorded a...
A00 aluminium ingot price in China surges by RMB80/t; Aluminium alloy (A356) price ascends by RMB50/t
China’s A00 aluminium ingot price stopped at RMB 21,830 per tonne, after witnessing a rise of RMB 80 per tonne on Thursday, April 21, opines SMM. The average price is expected to hover between RMB 21,810 per tonne and RMB 21,850 per tonne, with spot contract to be traded at a premium price of RMB...
Vedanta hikes its aluminium ingot price by INR6500/t with effect from April 20
Vedanta Limited has hiked its aluminium ingot and aluminium products prices on Tuesday, April 20, in response to the LME aluminium price growth. Vedanta has raised its aluminium ingot price by INR 6,500 per tonne or 2.30 per cent to INR 288,750-336,250 per tonne as against the increase of INR 1,250...
