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
LME aluminium benchmark price touched new high this week before closing at US$3,472/t; SHFE fell behind LME at US$3455/t
LME aluminium cash bid price and LME aluminium official settlement price opened the week on March 7 with a new high, driven by metal supply disruptions due to increased international sanctions of Russia. Both the prices augmented by US$133.5 per tonne or 3.46 per cent to peg at US$3,983.50 per...
Hindalco’s aluminium ingot price dips by 1% to INR306,500/t with effect from March 11
After increasing aluminium ingot and aluminium products prices on March 10, Hindalco Industries Limited cuts them the next day. With effect from Friday, March 11, the company has reduced its aluminium ingot price by INR 2,750 per tonne or 0.90 per cent to INR 306,500 per tonne. On March 10, the...
China’s A00 aluminium ingot price augments to RMB 21,880/t after a three-day fall
On Friday, March 11, A00 aluminium ingot price in China has ascended after a three-day consecutive fall to close above RMB 21,800 per tonne. According to the Shanghai Metals Market, the aluminium ingot price has gone up by RMB 380 per tonne to settle at RMB 21,880 per tonne. The average prices are...
LME aluminium price grows slightly by US$3/t to US$3535/t; SHFE price outperforms LME standing at US$3455/t
Three-month LME aluminium opened at US$3,302 per tonne on Thursday, March 10, and hit a high and low of US$3,557.5 per tonne and US$3,302 per tonne, respectively, before closing at US$3,400 per tonne. A low level of inventory across the globe amid tight demand-supply situation due to geopolitical...
China’s billet inventories drop consistently W-o-W to close at 225,000 tonnes on March 10
On Thursday, March 10, China’s aluminium billet inventories crash-dived by 16,500 tonnes or 6.83% a week-on-week, as aluminium prices went down for the third day, found the Shanghai Metals Market. As a result, the inventories registered at 225,000 tonnes. However, conversion margins on aluminium...
Hindalco’s aluminium wire rod price grows by INR2500/t on March 10 after a massive cut on previous day
Hindalco Industries Limited has revised its aluminium products and aluminium ingot prices back-to-back for the third day in a row, in tandem with the LME aluminium price movement. With effect from Thursday, March 10, Hindalco has increased its aluminium wire rod price by INR 2,500 per tonne to INR...
LME aluminium price marches ahead by US$31.5 per tonne to US$3,532; SHFE price falls by US$101/t
LME aluminium opened at US$3,680 per tonne on Wednesday and hit a high and low of US$3,680 per tonne and US$3,300 per tonne respectively before closing at US$3,301 per tonne, a drop of US$380 per tonne or 10.32%. Following a plunge in the price of aluminium on Tuesday, LME aluminium benchmark price...
China’s A00 aluminium ingot price falls sharply for the third consecutive day below RMB22000/t
According to the Shanghai Metals Market, A00 aluminium ingot price in China has continued to plunge for the third consecutive day to stand below RMB 22,000 per tonne. Data shows the price has come in at RMB 21,500 per tonne, reflecting a decrease of RMB 560 per tonne from RMB 22,060 per tonne on...
Omaha breweries in distress as supply chain hiccup surges aluminium price
The growing price of aluminium cans since the beginning of the pandemic has negatively influenced the local breweries like the Brickway Brewery and Distillery in Omaha. However, in light of the current crisis due to the increased sanctions on Russia, the prices of aluminium are expected to inflate...
Hindalco Industries sharply cuts its aluminium ingot price by INR40500/t as LME price plummets by US$484/t
Hindalco Industries Limited has slashed its aluminium ingot and aluminium products prices, with effect from Wednesday, March 9, in response to LME aluminium price plunge after a week of unabated growth. Hindalco has axed its aluminium ingot price by INR 40,500 per tonne or 11.66 per cent to INR...
A00 aluminium ingot price crashes further by RMB660/t to RMB22060/t; Aluminium alloy (A356) price falls by RMB600/t
On Wednesday, March 9, A00 aluminium ingot price has depreciated further by RMB 660 per tonne to peg at RMB 22,060 per tonne, found the Shanghai Metals Market. The average prices for the same are expected to range between RMB 22,040 per tonne and RMB 22,080 per tonne, with spot contract to be...
LME aluminium price nosedives to US$3500.50/t after a week of unabated growth; SHFE price declines to US$3497/t
Three-month LME aluminium opened at US$3,740 per tonne on Tuesday, March 8, and hit a high of US$3,900 per tonne before closing at US$3,681 per tonne, a drop of US$59 per tonne or 1.58 per cent. After an uninterrupted rise through the week nearing US$4000 per tonne, LME aluminium cash bid price and...
NALCO’s aluminium ingot price sees a never-before hike of US$37200/t to range between INR346,450-349,950/t
National Aluminium Company Limited’s (NALCO) aluminium ingot and aluminium products prices have witnessed an exponential rise on Tuesday, March 8, in tandem with the incessant LME aluminium price rally for over a week close to US$4,000 per tonne. NALCO has raised its aluminium ingot price by INR...
Hindalco’s aluminium wire rod & billets prices witness a rise of INR14750/t as LME price nears US$4000/t
Hindalco Industries Limited has continued to hike its aluminium products and aluminium ingot prices, with effect from Tuesday, March 8, in line with the rally of LME aluminium price close to US$4,000 per tonne. Aluminium wire rod selling price of the company has seen a raise of INR 14,750 per tonne...
A00 aluminium ingot price plummets by RMB1140/t on lower downstream purchases
A00 aluminium ingot price in China has nosedived by RMB 1,140 per tonne on Tuesday, March 8, to come in at RMB 22,720 per tonne, found the Shanghai Metals Market, attributable to lower willingness of downstream purchases in the domestic market. The average prices are expected to range between RMB...
LME aluminium opens the week with a growth of US$133.5/t to US$3,984.50/t; SHFE price declines by US$180/t
LME aluminium opened at US$3,876 per tonne on Monday and hit a high of US$4,073.5 per tonne before closing at US$3,740 per tonne, a drop of US$100.5 per tonne or 2.62%. Supply disruptions due to increased sanctions on Russia have caused the LME aluminium cash bid price and LME aluminium official...
China to tighten commodity reserves of aluminium to maintain supply chain security, says NDRC
On Saturday, March 5, the National Development and Reform Commission (NDRC) stated in a report at the National People’s Congress that they will closely observe the availability and pricing of some raw materials as well as tighten commodities reserves of aluminium to maintain supply chain security....
China’s A00 aluminium ingot price opens the week with a hike of RMB420/t; Alumina price slips by RMB3/t
Following a decline in price on Friday, the A00 aluminium ingot price has recorded a sharp increase of RMB 420 per tonne to score at RMB 23,860 per tonne, as of Monday, March 7. According to the Shanghai Metal Market, the average prices are expected to hover between RMB 23,840 per tonne and RMB...
