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
Hindalco’s aluminium wire rod & billets prices shrink by 4% on April 12 in response to LME price fall over weekend
Hindalco Industries Limited again slashed its aluminium products and aluminium ingot prices, with effect from Tuesday, April 12, following a hike on April 9. As per the revised prices published by Hindalco, the company’s aluminium wire rod price is standing at INR 292,350 per tonne after being...
LME aluminium price slips by US$20/t to US$3214.50/t; SHFE price rises by US$26/t
LME aluminium opened at US$3,250 per tonne on Tuesday and closed at $3,274 per tonne, an increase of $22.5 per tonne or 0.69 percent. On Tuesday, April 12, LME aluminium cash bid price closed at US$3,214 per tonne and LME aluminium official settlement price halted at US$3,214.50 per tonne. The...
NALCO sharply cuts its aluminium ingot price by INR15700/t w.e.f. April 12 as LME price plummets by 7.7%
National Aluminium Company Limited has further slashed its aluminium ingot and aluminium products prices since its last cut on April 1, 2022. With effect from Tuesday, April 12, NALCO has chopped its aluminium ingot price by INR 15,700 per tonne or 5.30 per cent to INR 280,550- 284,050 per tonne as...
A00 aluminium ingot price rebounds above RMB21000/t; Aluminium alloy (A356) price hikes by RMB200/t
According to the Shanghai Metals Market, A00 aluminium ingot price in China has hiked by RMB 210 per tonne to stand above RMB 21,000 per tonne on Wednesday, April 13. SMM data has found that the price has come in at RMB 21,060 per tonne, with average prices likely to range between RMB 21,040 per...
LME tumbles down to US$ 3234.50/t; SHFE suffers fall stopping at US$ 3,276/t
LME aluminium opened at US$3,361 per tonne on Monday and closed at US$3,251.5 per tonne, down US$120.5 per tonne or 3.57 per cent. LME aluminium cash bid price halted at US$3,233.50 per tonne and LME aluminium official settlement price stopped at US$3,234.50 per tonne, with a downfall of 4.7 per...
China’s A00 aluminium ingot price slumps by RMB380/t; Average alumina spot price inches up by RMB2/t
On Tuesday, April 12, China’s A00 aluminium ingot price nosedived by RMB 380 per tonne to record at RMB 20,850 per tonne. The average price for the same day is expected to orbit between RMB 20,830 per tonne and RMB 20,870 per tonne, with spot contract to be traded at a premium price of RMB 60-20...
Hindalco escalates its aluminium ingot price by INR4000/t with effect from April 9
Hindalco Industries Limited hiked its aluminium ingot and aluminium products prices on Saturday, April 9, following a sharp cut on the previous day. The major Indian aluminium player increased its aluminium ingot price by INR 4,000 per tonne to INR 293,750 per tonne, with effect from April 9. On...
LME aluminium price strolls higher at US$3395/t; SHFE moves down to US$3358/t
LME aluminium opened at US$3,392 per tonne last Friday and closed at US$3,372 per tonne, down US$28 per tonne or 0.82 per cent. Prices of commodities might be on the rise once again as East of Ukraine is still being vacated for this might just be the beginning of the end. LME aluminium cash bid...
A00 aluminium ingot price in China plummets by RMB570/t over the weekend; but alumina price grows by RMB3/t
A00 aluminium ingot price in China has further plunged over the weekend ended April 11, 2022, by RMB 570 per tonne to stand at RMB 21,230 per tonne, found the Shanghai Metals Market. The average prices are expected to range between RMB 21,210 per tonne and RMB 21,250 per tonne, with a spot contract...
Downstream aluminium weekly recap: Hindalco, Vedanta trim their aluminium prices, Press Metals raises US$231 million for upgrading its machining facilities
The aluminium downstream sector had a lot going on this week from Hindalco’s aluminium billets and wire rod prices shrinking by 2% to the Zimbabwean President visiting his country’s aluminium wire assets on a quest to encourage people for a sustainable future. According to Shanghai PMI (Purchasing...
Primary aluminium weekly recap: EGA and Ma’aden to move towards greener aluminium smelting technology;LME halts aluminium loading in its warehouse due to extra tax
The primary aluminium sector has witnessed a mixed yet significant response this week both in terms of prices and other activities. If on one hand, Hindalco’s aluminium ingot price had escalated by INR 3,250 per tonne after 4 successive downfalls, LME aluminium benchmark price had stayed on the...
Vedanta lifts its aluminium ingot price by INR4000/t on April 9 in response to LME price rise
After a sharp cut of INR 7,250 per tonne across all the aluminium products on April 8, Vedanta Limited has lifted its aluminium prices, with effect from April 9. The company has increased its aluminium ingot price by INR 4,000 per tonne to INR 294,000- 341,500 per tonne on April 9 as against INR...
LME aluminium price continues to downtrend this week by US$50.5/t; SHFE settles lower at US$3434/t
LME aluminium benchmark price continued to trend down this week from US$3,444 per tonne to US$3,395 per tonne. Both LME aluminium cash bid price and LME aluminium official settlement price started the week on Monday, April 4, with a drop of 1.12 per cent to US$3,443.50 per tonne and US$3,444 per...
US domestic primary aluminium production in Jan’2022 records second monthly hike of 4% to 82,000t
In January 2022, the United States domestic primary aluminium production stood at 82,000 tonnes, reflecting a second monthly rise of 3,000 tonnes or 3.8 per cent, found the US Census Bureau. In December 2021, the United States primary aluminium production was 79,000 tonnes, up by 4,000 tonnes from...
LME aluminium price decreases again at US$3346/t, SHFE benchmark price is demoted to US$3434/t
LME aluminium opened at US$3,436 per tonne on Thursday and closed at US$3,400 per tonne, down US$31.5 per tonne or 0.92 per cent. On 7 th April, LME aluminium cash bid price stood at US$3,344 per tonne and LME aluminium official settlement price halted at US$3,346. The former recorded a fall of...
China’s A00 aluminium ingot price closes the week with a decline of RMB230/t; Alumina spot price inches up by RMB4/t
As per SMM data, the A00 aluminium ingot price closes the week with a plunge of RMB 230 per tonne to score at RMB 21,800 per tonne. The average price for today has been registered between RMB 21,780 per tonne and RMB 21,820 per tonne, with spot contract to be traded at a premium price of RMB 70-30...
Hindalco elevates its aluminium ingot price by INR3250/t w.e.f. April 7 after four successive cuts
After four successive cuts, Hindalco Industries Limited has increased its aluminium ingot and aluminium products prices, with effect from Thursday, April 7. The company has added on INR 3,250 per tonne to its aluminium ingot price to sell it at INR 297,000 per tonne. On April 6, the price stood at...
Vedanta’s aluminium wire rod and billet prices continue to see a cut of INR3000/t with effect from April 6
Vedanta Limited further cut its aluminium products and aluminium ingot prices for the third time in a row over about a week, with effect from Wednesday, April 6. Vedanta’s aluminium wire rod price saw a trim of INR 3,000 per tonne or 1 per cent to INR 301,500- 309,000 per tonne versus INR...
