ADC12 consolidates on a strong note as costs rise and orders see marginal improvement
Aluminium scrap: This week, China's aluminium scrap market price centre edged up alongside primary aluminium. As of September 10, SMM A00 aluminium prices closed at RMB 24,560 per tonne, up RMB 210 per tonne from RMB 24,350 per tonne last Thursday. Domestic aluminium scrap prices followed with...
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....
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Supply disruption fear continues to lift LME aluminium price exponentially to US$3851/t; SHFE price underperforms LME at US$3774/t
Three-month LME aluminium opened at US$3,765 per tonne last Friday and hit a high of US$3,867 per tonne before closing at US$3,840.50 per tonne, an increase of $74 per tonne or 1.96 per cent. On Friday, March 4, LME aluminium benchmark prices continued to rise exponentially to exceed US$3,800 per...
Primary Aluminium Weekly Recap: LME aluminium price stands all-time high at $3728.50/t; EGA books record profit of $1.5 billion for 2021
Supply disruptions, high logistical costs driven by Russia-Ukraine conflict and several international sanctions on Russia were some of the concerns in the global primary aluminium market, resulting in rallied metal prices. Starting the week on February 28 at US$3,450 per tonne, LME aluminium...
Hindalco’s aluminium ingot price mounts to INR320750/t with effect from March 4
Hindalco Industries Limited yet again increased its aluminium ingot and aluminium products prices significantly, with effect from Friday, March 4, in line with the LME aluminium price hike to an all-time high on rising fear of supply disruptions. Hindalco’s aluminium ingot price experienced a surge...
LME aluminium hits all-time high at US$3728.50/t amidst supply woes; SHFE price descends by US$6/t
LME aluminium opened at US$3,575.5 per tonne on Thursday and closed at US$3,766.5 per tonne, an increase of US$190.5 per tonne or 5.33%. On Thursday, March 3, LME aluminium prices recorded their greatest weekly rise, as supply disruption worries intensified among new sanctions against Russia. Both...
China’s alumina price declines for the eighth day in a row to RMB2981/t; A00 aluminium ingot price shrinks by RMB100/t on inventory rise
According to the Shanghai Metals Market, the average alumina spot price in China has continued to decline by RMB 39 per tonne to stand at RMB 2,981 per tonne on Friday, March 4. This marks the eighth consecutive day of fall since February 22. In Henan, alumina spot price has slipped by RMB 45 per...
Rise in aluminium price causes China’s billet inventories to fall sharply by 19,200 tonnes
Some major aluminium extruders have begun production, while others will not be fully operational until late February or early March. Due to the Russia-Ukraine conflict, price of aluminium has been increasing consistently, causing several downstream companies to choose aluminium billets over ingots,...
NALCO’s aluminium ingot price continues to grow to range between INR309,250-312,750/t w.e.f. March 1
National Aluminium Company Limited (NALCO) has hiked its aluminium ingot and aluminium products prices for the fourth time in a row, with effect from March 1, 2022, in line with the LME aluminium price surge as an effect of several international sanctions on major producer Rusal. NALCO has...
More sanctions on Russia escalate A00 aluminium ingot price by RMB 690/t
The Russia-Ukraine conflict has stirred the metal industry to the core, causing the aluminium prices to inflate further as more sanctions on Russia were imposed, as of Thursday, March 3. The A00 aluminium ingot price has jumped again by RMB 690 per tonne to stand at RMB 23,540 per tonne, found the...
Hindalco Industries Ltd. expands its aluminium billets & wire rod prices by INR13750/t with effect from March 3
Hindalco Industries Limited’s aluminium products and aluminium ingot prices have witnessed a surge yet again in line with the LME aluminium benchmark price rally as investors’ fear has heightened concerning tight metal shipments and logistic costs due to several sanctions on major producer Russia....
LME aluminium price spurts to a fresh high at $3605/t on fear of logistical challenges; SHFE price mounts to $3740/t
Three-month LME aluminium opened at US$3,487 per tonne on Wednesday, March 2, and closed at US$3,576 per tonne, an increase of US$90 per tonne or 2.58 per cent. Much to the anticipation of market analysts, including Alcoa’s chief financial officer Willian Oplinger, LME aluminium prices jumped to a...
Alcoa predicts international sanctions on Russia to inflate aluminium prices and squeeze alumina supply
According to Platts report, Alcoa’s chief financial officer Willian Oplinger shared his forecast that aluminum prices would continue to inflate while alumina supply to become tighter as a result of international sanctions imposed on Russia due to its military invasion of Ukraine. “It’s a very fluid...
China’s A00 aluminium ingot price sees a surge of RMB300/t as sanctions on Russia fuel supply concerns
As the fear of metal supply disruptions has heightened across the world due to sanctions on Russia, A00 aluminium ingot price in China has increased by RMB 300 per tonne to stand at RMB 22,850 per tonne on Wednesday, March 2, found the Shanghai Metals Market. China’s domestic aluminium market has...
Russia-Ukraine conflict keeps LME aluminium price on a structural uptrend at US$3,495.50/t; SHFE price surges by US$46/t
LME aluminium opened at US$3,390 per tonne yesterday and closed at US$3,486 per tonne, an increase of US$91 per tonne or 2.68%. LME aluminium benchmark prices have been on a structural uptrend due to the Russia-Ukraine conflict. On Tuesday, March 1, LME aluminium cash bid price expanded by US$47...
Hindalco’s aluminium ingot price rallies to INR297000/t in line with new global price high driven by sanctions on Russia
Hindalco Industries Limited has hiked its aluminium ingot and aluminium products prices, with effect from Tuesday, March 1, in response to LME aluminium benchmark price surge to a new high owing to more sanctions imposed on major producer Russia over the weekend, heightening supply disruptions....
Sanctions on Russia lift LME aluminium price to another record high at $3450/t; SHFE price slips by $8/t
Three-month LME aluminium opened at US$3,407 per tonne on Monday, February 28, and closed at US$3,395 per tonne, an increase of US$15 per tonne or 0.44 per cent. LME aluminium benchmark prices grew another record high after Western nations unveiled more sanctions on major producer Russia in...
Average alumina spot price in China slumps by RMB 26/t to RMB 3,127/t; A00 aluminium ingot price drops by RMB 150/t
According to the Shanghai Metals Market, the average alumina spot price in China has slipped by RMB 26 per tonne to close at RMB 3,127 per tonne on Tuesday, March 1. For the same day in Henan and Shanxi, the price has slumped by RMB 30 per tonne and RMB 20 per tonne to register at RMB 3,180 per...
Average alumina spot price in China plunges by RMB 35/t to RMB 3,153/t; A00 aluminium ingot price falls by RMB 120/t
On Monday, February 28, the average alumina spot price in China has fallen by RMB 35 per tonne to come in at RMB 3,153 per tonne, finds the Shanghai Metals Market. In Shanxi and Guangxi, the price has gone down by RMB 25 per tonne to record at RMB 3,115 per tonne and RMB 3,135 per tonne. In...
LME aluminium price reflects 4.64% fall to peg at US$3,355.50/t; SHFE price dips by US$11/t
LME aluminium opened at US$3,376 per tonne last Friday and closed at U$3,380 per tonne, an increase of US$15 per tonne or 0.45%. On Friday, February 25, LME aluminium cash bid price recorded a fall of US$163.5 or 4.64% to total at US$3,354.50 per tonne. For the same day, LME aluminium official...
