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....
Grow with
AL Circle
LME aluminium price soars up by US$20/t to US$3,314/t; SHFE price drops by US$17/t
LME aluminium opened at US$3,257 per tonne last Friday and closed at US$3,266.5 per tonne, an increase of US$8 per tonne or 0.25%. On Friday, February 18, LME aluminium cash bid price surged by US$21 per tonne or 0.63% to close at US$3,313 per tonne. On other hand, LME aluminium official settlement...
Primary aluminium weekly recap: South32 vows for further investment in low carbon aluminium as profit mounts; Aluminium growing prices anticipate securing potential gains of VALCO
The primary aluminium segment of the global aluminium industry has remained quite eventful this week. LME aluminium cash bid price spiked by US$12 per tonne or 0.36% to close at US$3,292 per tonne on 17 th February 2022. India’s NALCO aluminium ingot price has seen a surge of INR 5,400 per tonne to...
Hindalco’s aluminium billets price experiences an increase of INR2500/t with effect from February 17
Hindalco Industries Limited increased its aluminium products and aluminium ingot prices on Thursday, February 17, following a cut on the previous day. The company raised its aluminium billets price by INR 2,500 per tonne to bring it to INR 295,850 per tonne versus INR 293,350 per tonne on February...
A00 aluminium ingot price in China grows by RMB60/t to close the week at RMB22720/t; Aluminium alloy (A356) price gains RMB50/t
According to the Shanghai Metals Market, A00 aluminium ingot price has continued to grow by RMB 60 per tonne to close the week ending February 18 at RMB 22,720 per tonne. The average prices are expected to range between RMB 22,700 per tonne and RMB 22,740 per tonne, with spot contract to be traded...
LME aluminium price surges by US$12/t to peg at US$3,294/t; SHFE price hikes by 0.16%
LME aluminium opened at US$3,250 per tonne on Thursday and closed at US$3,258 per tonne, an increase of US$8.5 per tonne or 0.26%. On Thursday, February 17, LME aluminium cash bid price hiked by US$12 per tonne or 0.36% to close at US$3,292 per tonne. On the other hand, LME aluminium official...
NALCO expands its aluminium ingot price by INR5400/t with effect from February 17
National Aluminium Company Limited has further expanded its aluminium ingot and aluminium products prices, with effect from Thursday, February 17. The company’s aluminium ingot price has seen a hike of INR 5,400 per tonne to range between INR 280,450-283,950 per tonne. On February 9, the price had...
Hindalco chops its aluminium ingot price by INR6250/t with effect from February 16
Hindalco Industries Limited chopped its aluminium ingot and aluminium products prices on Wednesday, February 16, following a hike of INR 9,500 per tonne on the previous day. With effect from February 16, Hindalco’s aluminium ingot price was cut by INR 6,250 per tonne from INR 285,500 per tonne on...
LME aluminium price regains US$59/t as tensions ease between Russia and US; SHFE price grows to US$3581/t
LME aluminium opened at US$3,191 per tonne on Wednesday, February 16, and closed at US$3,250 per tonne, an increase of US$56 per tonne or 1.75 per cent. LME aluminium cash (bid) price and LME aluminium official settlement price moved up by US$59 per tonne or 1.83 per cent to US$3,280 per tonne and...
Average alumina spot price in China closes at RMB 3,305/t; A00 aluminium ingot price grows by RMB 70/t
On Thursday, February 17, the average alumina spot price in China has remained unchanged to close at RMB 3,305 per tonne, found the Shanghai Metals Market. For the same day in Shandong and Henan the price has remained restrained to peg at RMB 3,300 per tonne and RMB 3,320 per tonne. The average...
Aluminium growing prices anticipate securing potential gains of VALCO
The present global aluminium market progress is predicted to navigate probable dividends of the Volta Aluminium Company (VALCO), as the Ghana government pursues to materialize for reviving the operations of the one-time centrepiece of the nation’s economy. Michael Ansah, the CEO of Ghana Integrated...
Hindalco’s aluminium wire rod price rebounds to INR296,600/t with effect from February 15
Hindalco’s aluminium products prices rebounded on Tuesday, February 15, in line with the LME aluminium benchmark price hike on the previous day. Hindalco Industries Limited increased its aluminium wire rod price by INR 9,500 per tonne from INR 287,100 per tonne on February 12 to INR 296,600 per...
China’s A00 aluminium ingot price slips by RMB90/t to settle at RMB22590/t; Aluminium alloy(A356) price declines by RMB100/t
According to the Shanghai Metals Market, A00 aluminium ingot price in China has slipped by RMB 90 per tonne, following a hike last day. Thus, the price has come in at RMB 22,590 per tonne on Wednesday, February 16. The average prices are expected to range between RMB 22,570 per tonne and RMB 22,610...
LME aluminium price slips by 2.51% to score at US$3,223/t; SHFE price drops by US$20/t
LME aluminium opened at US$3,223 per tonne on Tuesday and closed at US$3,194 per tonne, down US$34 per tonne or 1.05%. On Tuesday, February 15, LME aluminium cash (bid) price had slumped by US$84 per tonne or 2.54% to score at US$3,221 per tonne. LME aluminium official settlement price has also...
Average alumina spot price in China soars up by RMB 6/t to RMB 3,303/t; A00 ingot price grows by RMB 100/t
According to the Shanghai Metals Market, the average alumina spot price in China has gone up by RMB 6 per tonne to score at RMB 3,303 per tonne as of Tuesday, February 15. For the same day in Guangxi the price has surged by RMB 10 per tonne to come in at RMB 3,190 per tonne. In Shandong and Henan,...
LME aluminium price hikes by 3.31% to peg at US$3,306/t; SHFE price ascends by US$11/t
LME aluminium opened at US$3,189.5 per tonne on Monday and closed at US$3,228 per tonne, an increase of $29 per tonne or 0.91%. On Monday, February 14, LME aluminium cash (bid) price had escalated by US$105.5 per tonne or by 3.29% to close at US$3,305 per tonne. For the same day, LME aluminium...
Hindalco sharply cuts its aluminium ingot price by INR7750/t as LME aluminium price slips by US$113/t
After three consecutive hikes from February 5 to February 11, Hindalco Industries Limited slashed its aluminium ingot and aluminium products prices, with effect from Saturday, February 12, in line with the LME aluminium price plunge. With the latest cut, Hindalco’s aluminium ingot price came in at...
LME aluminium benchmark price shrinks by US$113/t to close at US$3200/t; SHFE price settles lower at US$3555/t
LME aluminium opened at US$3,238 per tonne last Friday and ranged between US$3,108-3,240 per tonne before closing at US$3,199 per tonne, a decrease of US$39 per tonne or 1.2 per cent. On Friday, February 11, LME aluminium cash (bid) price slipped by US$112.50 per tonne to come in at US$3,199.50 per...
Commodity trading giant Trafigura alerts aluminium stockpiles to fade
The Singapore-based multinational commodity trading giant Trafigura Group Pte Ltd. has delivered a sheer caution for aluminium buyers that extensive dearth of one of the most universally used metals of the world witness to fade away of stockpiles by 2024. Aluminium is a heavily demanded metal after...
