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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LME aluminium benchmark price hits 14-year high this week; SHFE price closes above US$3600/t
The LME aluminium benchmark price continued to trend up throughout the week from Monday, February 7, to Thursday, February 10, to reach a 14-year high. It started the week at US$3,148 per tonne, seeing a rise of US$61 per tonne or 1.98 per cent from the previous day. On Tuesday, February 8, the LME...
Rusal’s aluminium production in 4Q2021 grows by only 1% Q-o-Q to 953,000 tonnes, while sales volume hike 8% to 989,000 tonnes
Rusal reported a 1 per cent quarter-on-quarter growth in its aluminium production to 953,000 tonnes in Q4 2021, with Siberian smelters representing 93 per cent of the total output. In full-year, Rusal’s aluminium production stood at 3.764 million tonnes, mostly unchanged compared to 3.755 million...
Hindalco further expands its aluminium ingot price by INR4600/t in response to uninterrupted LME aluminium price hike
Hindalco Industries Limited has further expanded its aluminium ingot and aluminium products prices, in line with a continuous increase in the global aluminium benchmark price. With effect from Friday, February 11, Hindalco’s aluminium ingot price has come in at INR 283,750 per tonne, up by INR...
Hindalco’s Q3 result highlights surge in aluminium price as well as addition of Brownfield smelting capacity
After the third quarter, analysts kept their 'buy' calls on Hindalco Industries Ltd., noting a surge in aluminium prices, a shift in focus from deleveraging to growth potential, and the addition of Brownfield smelting capacity. In the quarter ended December, India's largest aluminium manufacturer...
LME aluminium price surges by 65/t to score at US$3,313/t; SHFE price slips by 1.50%
After a jump in stocks raised the chance that supplies are not as tight as anticipated, aluminium prices dipped from their highest levels in more than 13 years on Thursday. On Thursday, February 10, LME aluminium cash (bid) price had increased by US$66 per tonne or by 2.03% to score at US$3,312per...
LME aluminium benchmark price inches up by US$3/t to US$3248/t; SHFE price soars by US$69/t
The LME aluminium benchmark price rose slightly on Wednesday, February 9, following four consecutive days of hike from US$3,043 per tonne to US$3,245 per tonne. On Wednesday, February 9, LME aluminium cash (bid) price inched up by US$2 per tonne, while LME aluminium official settlement price gained...
NALCO’s aluminium ingot price sees a surge of INR14500/t on February 9 in response to LME aluminium new price high since 2008
National Aluminium Company Limited (NALCO) has hiked its aluminium ingot and aluminium products prices on Wednesday, February 9, in response to the LME aluminium new price high since 2008. NALCO has increased its aluminium ingot price by INR 14,500 per tonne to INR 275050- 278550 per tonne on...
Hindalco’s aluminium wire rod & billet prices surge by INR12500/t or 4.5% in line with LME aluminium price hike to a four-month high
Hindalco Industries Limited has dramatically increased its aluminium products and aluminium ingot prices in line with the LME aluminium price growth to a four-month high. With effect from Wednesday, February 9, Hindalco’s aluminium wire rod price has hiked by INR 12,500 per tonne or 4.53 per cent...
LME aluminium price hikes by 3.08% to score at US$3,245/t; SHFE price soars up by US$82/t
On Tuesday, February 8, LME aluminium cash (bid) price had gone up by US$96.5 per tonne or 3.06% to score at US$3,244 per tonne. For the same day, LME aluminium official settlement price also surged by US$97 per tonne or by 3.08% to peg at US$3,245 per tonne. 3-month bid price and 3-month offer...
AlCircle launches “Global Aluminium Industry Outlook 2022”: A conclusive report
The year 2022 brings along a new beam of hope and inspiration for the metal industry. With this, team AlCircle is excited to announce the launch of its, “Global Aluminium Outlook 2022,” report. The report highlights the overall performance of the aluminium industry and also gives an idea of how the...
Soaring energy price stirs Hydro to curb 60% production at Slovalco aluminium smelter
On 7 th February 2022, Slovakia’s only primary aluminium producer Slovalco aluminium smelter has announced that it has further slashed its production to around 60% in regards to soaring energy prices, emissions allowances and absence of government compensation. Slovalco mentioned that the axe in...
LME aluminium benchmark price soars 2% to settle at US$3148/t; SHFE price exceeds US$3500/t level
Three-month LME aluminium opened at US$3,090 per tonne and rose 1.52 per cent to close at US$3,134 per tonne on Monday, January 7. On the same day, LME aluminium cash (bid) price and LME aluminium official settlement price soared up by US$61 per tonne or 1.98 per cent to settle at US$3,147.50 per...
Average alumina spot price in China grows by RMB 12/t to RMB 3,196/t; A00 aluminium ingot price surges by RMB 220/t
On Tuesday, February 8, average alumina spot price in China has hiked by RMB 12 per tonne to close at RMB 3,196 per tonne, found the Shanghai Metals Market. For the same day in Shandong, the price has moved up by RMB 20 per tonne to stand at RMB 3,210 per tonne. In Henan and Shanxi, the price has...
Hindalco’s aluminium wire rod & billets prices grow by INR2000/t w.e.f. Feb. 5 in response to LME price increase
Hindalco Industries Limited increased its aluminium products and aluminium ingot prices on Saturday, February 5, in response to the LME aluminium price growth. With effect from February 5, Hindalco’s aluminium wire rod price witnessed a rise of INR 2,000 per tonne or 0.73 per cent from INR 273,850...
A00 aluminium ingot price in China records a surge of RMB620/t on supply woes; Aluminium alloy (A356) price soars to RMB23800/t
According to the Shanghai Metals Market, A00 aluminium ingot price in China has resumed the week after the Chinese New Year holiday with a jump of RMB 620 per tonne to hit a 3-1/2 month high, as the market is bolstered by supply concerns and inventories have touched the lowest since 2007. SMM data...
LME aluminium price moves up by US$28.5/t to close at US$3,087/t; SHFE price pegs at US$3,488/t
Three-month LME aluminium opened at US$3,035 per tonne last Friday, and closed at US$3,087 per tonne, up US$51 per tonne or 1.68%. On Friday, February 4, LME aluminium cash (bid) price soared up by US$28.5 per tonne or by 0.93% to close at US$3,086.50 per tonne. For the same day, LME aluminium...
LME aluminium benchmark price stands 0.51% higher at US$3058.5/t; SHFE is closed for CNY holiday
The LME aluminium benchmark price gained US$15.50 per tonne or 0.51 per cent on Thursday, February 3, following three consecutive days of fall from US$3,110 per tonne to US$3,043 per tonne. LME aluminium cash (bid) price and LME aluminium official settlement price settled at US$3,058 per tonne and...
NALCO cuts its aluminium ingot price by INR4500/t or 1.7% with effect from February 1
National Aluminium Company Limited (NALCO) slashed its aluminium ingot and aluminium products prices, with effect from, Tuesday, February 1, following five consecutive hikes since January 7. With the latest cut, NALCO’s aluminium ingot price came in at INR 260,550-264,050 per tonne, down by INR...
