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...
Grow with
AL Circle
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...
Hindalco hikes its aluminium products prices after two back-to-back cuts; aluminium wire rod price sees a raise of INR8750/t
Hindalco Industries Limited has expanded its aluminium products and aluminium ingot prices, with effect from April 20, following two back-to-back cuts on April 13 and 14. As per the revised price list revealed by Hindalco, the company’s aluminium wire rod price has come in at INR 299,850 per tonne...
LME rises after Easter Holidays to US$3312/t; SHFE falls at US$3408/t after five days of steep rise
LME aluminium opened at US$3,295 per tonne on Tuesday and closed at US$3,252 per tonne, down US$47 per tonne or 1.42 per tonne. LME aluminium cash bid price stood at US$3,310 per tonne and LME aluminium official settlement price halted at US$3,312, gaining 2.25 per cent and 2.30 per cent...
China’s A00 aluminium ingot price slumps by RMB280/t after five consecutive hikes; Alumina price extends growth above RMB3000/t
A00 aluminium ingot price in China has plunged by RMB 280 per tonne on Wednesday, April 20, after the five consecutive days of hike. The Shanghai Metals Market data shows the price has come in at RMB 21,750 per tonne, with average prices likely to range between RMB 21,730 per tonne and RMB 21,770...
Aluminium foil import shortage escalates medicine prices in India
China struggling with its lab created virus Covid-19 is now unable to export raw materials used in pharmaceutical companies which is directly affecting the prices of medicines in India. Due to the disruption in trade, aluminium foils or sheet used in manufacturing medicine has gone very high on...
China’s A00 aluminium ingot price halts at RMB22030/t, a rise of RMB230/t; Alumina spot price inches up by RMB2/t
China’s A00 aluminium ingot price has been on the rise since Wednesday, April 13. Based on the data from the Shanghai Metals Market, the price for today (Tuesday, April 19) has stopped at RMB 22,030 per tonne, recording a rise of RMB 230 per tonne. The average price for the same is expected to...
SHFE aluminium moves upward in the graph to US$3466/t; LME is closed for Easter and will resume tomorrow
On Tuesday, 19 th April, the benchmark aluminium price for SHFE has increased by US$40 per tonne or 0.23 per cent to stand at US$3,466 per tonne. Overnight, the most-traded SHFE 2205 aluminium contract opened at RMB 21,895 per tonne, with the highest and lowest at RMB 22,200 per tonne and RMB...
Vedanta slightly expands its aluminium wire rod & billet prices by INR1250/t on April 15
Vedanta Limited slightly expanded its aluminium products and aluminium ingot prices on Friday April 15, following a sharp cut of INR 13,000 per tonne on April 12. Since the latest increase, Vedanta is selling its aluminium wire rod price at INR 289750- 297250 per tonne, up by INR 1,250 per tonne or...
China’s aluminium imports decline below 200,000 tonnes in March’22 due to overseas price surge
In March 2022, China’s aluminium imports slipped below 200,000 tonnes, decreasing by 4.6 per cent year-on-year, found the General Administration of Customs. As per the data shown, the country secured 197,134 tonnes of unwrought aluminium and products, including primary metal and unwrought & alloyed...
SHFE rises for the fourth day to settle at US$3426/t; LME to open after Good Friday festivities
On Monday, 18 th April, the benchmark aluminium price for SHFE has expanded by US$8 per tonne or 0.23 per cent to stand at US$3,426 per tonne. The most-traded SHFE 2205 aluminium contract opened at RMB 21,820 per tonne during last Friday’s night session and rose to RMB 21,905 per tonne before...
China’s alumina spot price grows W-o-W by RMB5/t on strict cross-province transportation; A00 aluminium ingot price expands to RMB21800/t
According to the Shanghai Metals Market, the average alumina spot price in China has recorded an increase of RMB 3 per tonne to stand at RMB 2,997 per tonne on Monday, April 18, following three days of restraint at RMB 2,994 per tonne. On a week-on-week calculation, the alumina spot price is up by...
Primary aluminium weekly recap: Alcoa to supply low-carbon EcoLum™ aluminum to Speira; Green hydrogen a solution to keep Tiwai aluminium smelter operational beyond 2024
This week the world’s primary aluminium segment reflected sporadic yet crucial changes. LME aluminium benchmark price on Monday, April 11, had opened the week with a fall of 4.72 percent to register at US$3,234.50 per tonne. However, on Thursday, April 14, the price had inched up by 0.95 percent to...
LME aluminium price moves up on graph to US$3237.5/t; SHFE gains 1.9% to stop at US$3418/t
LME aluminium opened at US$3,257 per tonne on Thursday and closed at US$3,299 per tonne, down US$42 per tonne or 1.29 per cent. LME aluminium cash bid price stood at US$3,237 per tonne and LME aluminium official settlement price halted at US$3,237.50, gaining 1 per cent and 0.95 per cent...
A00 aluminium ingot price closes the week with a rise of RMB270/t; Aluminium alloy (A356) price rises by RMB250/t
As per SMM report, the A00 aluminium ingot price in China has again witnessed a rise on Friday, April 15. For today, the price has increased by RMB 270 per tonne to come in at RMB 21,730 per tonne. The average price for the same is expected to range between RMB 21,710 per tonne and RMB 21,750 per...
Hindalco further trims its aluminium products prices by INR1250/t with effect from April 14
Hindalco Industries Limited has again cut its aluminium products and aluminium ingot prices, with effect from Thursday, April 14, albeit much lesser than the previous day. As against the slash of INR 12,500 per tonne on Tuesday April 12, Hindalco’s aluminium wire rod price has seen a trim of INR...
LME aluminium further nosedives to US$3207/t; SHFE on rise stopping at US$3,354/t
LME aluminium opened at US$3,280 per tonne on Wednesday and closed at US$3,257 per tonne, down US$17 per tonne or 0.52 per cent. LME aluminium cash bid price stood at US$3,205 per tonne and LME aluminium official settlement price halted at US$3,207 loosing 0.28 per cent and 0.23 per cent...
_price_grows_by_RMB200t,_AlCircle_News_1_0_0.jpg)
China’s A00 aluminium ingot price surges by RMB400/t; Aluminium alloy (A356) price grows by RMB200/t
China’s A00 aluminium ingot price has augmented by RMB 400 per tonne to peg at RMB 21,460 per tonne, opines SMM. The average price for the same is expected to orbit between RMB 21,440 per tonne and RMB 21,480 per tonne, with spot contract to be traded at a premium price of RMB 20-20 per tonne. The...
Vedanta sharply cuts its aluminium ingot price by INR13000/t w.e.f. April 12 after an intermittent raise
Vedanta Limited again chopped its aluminium ingot and aluminium products prices, with effect from Tuesday, April 12, following an increase on April 9. As per the revised prices revealed, Vedanta is selling its aluminium ingot at INR 281,000-328,500 per tonne, down by INR 13,000 per tonne or 4 per...
