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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Hindalco’s aluminium ingot price sees a back-to-back cut to stand at INR262,750/t on February 2
Hindalco Industries Limited back-to-back reduced its aluminium ingot and aluminium products prices, with effect from Wednesday, February 2. The company’s aluminium ingot price saw a cut of INR 2,000 per tonne or 0.76 per cent to come in at INR 262,750 per tonne. On February 1, the price stood at...
LME aluminium price slips by US$29/t to close at US$3,043/t; SHFE is closed for CNY holiday
On Wednesday, February 2, LME aluminium cash (bid) price dropped by US$29 per tonne to stand at US$3,042.50 per tonne. On the other hand, LME aluminium official settlement price also slumped by US$29 per tonne or by 0.94% to settle at US$3,043 per tonne. 3-month bid price and 3-month offer price...
Domestic primary aluminium production in US grows 1,000 tonnes YoY to 75,000 tonnes in November 2021
In November 2021, domestic primary aluminium production in the United States stood at 75,000 tonnes, reflecting a dip of 1,000 tonnes or 1.32 per cent month-on-month from 76,000 tonnes. On a year-on-year calculation, on the other hand, the output in November grew 1,000 tonnes from 74,000 tonnes....
Hindalco Industries slashes its aluminium ingot price by INR3250/t with effect from February 1
Hindalco Industries Limited slashed its aluminium ingot and aluminium products prices, with effect from Tuesday, February 1, after two consecutive hikes on January 26 and 28. The company cut its aluminium ingot price by INR 3,250 per tonne to INR 264,750 per tonne. On the previous day, January 28,...
LME aluminium benchmark price drops by US$4/t to close at US$3072/t; SHFE is closed for CNY holiday
The LME aluminium benchmark price dropped slightly on Tuesday, February 1, following a plunge of US$34 per tonne on the previous day to US$3,076 per tonne. On Tuesday, February 1, LME aluminium cash (bid) price inched down by US$2.50 per tonne to stand at US$3,071.50 per tonne, while LME aluminium...
LME aluminium price drops by US$34/t to score at US$3,076/t; SHFE is closed for CNY holiday
On Monday, January 31, LME aluminium cash (bid) price dropped by US$34 per tonne or by 1.09% to score at US$3,074 per tonne. On the other hand, LME aluminium official settlement price also went down by US$34 per tonne or by 1.09% to score at US$3,076 per tonne. 3-month bid price and 3-month offer...
Hindalco’s aluminium wire rod price surges by INR5250/t with effect from January 28
Hindalco Industries Limited hiked its aluminium products and aluminium ingot prices for the second time in a row last week, with effect from Friday, January 28. The company’s aluminium wire rod price saw a surge of INR 5,250 per tonne or 1.92 per cent to INR 279,100 per tonne as of January 28. On...
Aluminium market deficit to take the metal price to a 30-year high in 2022, predicts Eurasian Resources Group CEO
According to latest estimates, aluminium has strong potential in 2022 to outperform other non-ferrous metals on the London Metal Exchange, exceeding the important milestone of $3000/t at the start of the year. The news came after diversified mining major Eurasian Resources Group CEO Benedikt...
LME aluminium benchmark price settles slightly higher at US$3110/t; SHFE is closed for CNY holiday
The LME aluminium benchmark price grew slightly on Friday, January 28, after incessant hikes from U$3,044.50 per tonne to US$3,107 per tonne during January 24-27. On Friday, January 28, LME aluminium cash (bid) price and LME aluminium official settlement price inched up by only US$2 per tonne and...
NALCO aluminium ingot price gains INR3900/t over the week ending January 29
National Aluminium Company Limited (NALCO) again increased its aluminium ingot and aluminium products prices after a week, with effect from Saturday, January 29. The company’s aluminium ingot price grew by INR 3,900 per tonne from INR 261,150- 264,650 per tonne on January 22 to INR 265,050-268,550...
Primary Aluminium Weekly Recap: South32 claims record breaking prices for South African aluminium; Aluminium consumption to grow by 10% for increased electric car demand
Some of the news that created a buzz in the global primary aluminium market this week included record aluminium pricing claimed by South32 for metal produced at its South African smelter Hillside. But the company struggled to clear a backlog of the metal due to port congestion in both South Africa...
LME aluminium price trended up this week to US$3110/t; SHFE price closed at US$3393/t
Both LME aluminium cash (bid) price and LME official settlement price trended up throughout the week, starting at US$3,044 per tonne and US$3,044.50 per tonne on Monday, January 24. On Tuesday, January 25, LME aluminium cash (bid) price and LME official settlement price rose 60 per cent to come in...
Average alumina spot price in China stands at RMB 3,143; A00 aluminium ingot price surges by RMB 210/t
On Thursday, January 28, the average alumina spot price in China has remained unchanged to close at RMB 3,143 per tonne, found the Shanghai Metals Market. In provinces like Shandong and Guizhou, the price has remained restrained to close at RMB 3,145 per tonne and RMB 3,020 per tonne. For the same...
LME aluminium benchmark price settles higher at US$3107/t; SHFE price moves up by US$18/t
LME aluminium opened at US$3,093 per tonne on Thursday and closed at US$3,100.50 per tonne, an increase of $0.50 per tonne or 0.02 per cent. On Thursday, January 27, LME aluminium cash (bid) price and LME aluminium official settlement price grew by US$13.50 per tonne and US$14 per tonne,...
Hindalco’s aluminium ingot price gains INR2000/t to stand at INR262750/t on January 26
Hindalco Industries Limited increased its aluminium ingot and aluminium products prices, with effect from January 26, soon after it reduced the prices on the past two days. Hindalco grew its aluminium ingot price by INR 2,000 per tonne, bringing it to INR 262,750 per tonne. On January 25,...
China’s A00 aluminium ingot price plunges by RMB150/t to RMB21440/t; Aluminium alloy (A356) price settles at RMB23000/t
A00 aluminium ingot price in China has plunged by RMB 150 per tonne on Thursday, January 27, following a hike of RMB 420 per tonne on January 26. According to the Shanghai Metals Market, the primary aluminium ingot price has come in at RMB 21,440 per tonne, with average prices likely to range...
Hindalco further cuts its aluminium billets and wire rod prices by INR2750/t with effect from January 25
Hindalco Industries Limited further reduced its aluminium products and aluminium ingot prices, with effect from Tuesday, January 25, in tandem with a downfall in LME aluminium price by US$35 per tonne on January 24. The company cut its aluminium billets price by INR 2,750 per tonne from INR 277,600...
LME aluminium price surges by US$29/t to peg at US$3,093/t; SHFE price drops by US$30/t
Three-month LME aluminium opened at $3,090 per tonne and rose 0.16% to close at $3,100 per tonne on Wednesday. On Wednesday, January 26, LME aluminium cash (bid) price hiked by US$29.5 per tonne or by 0.96% to total at US$3,092.50 per tonne. LME aluminium official settlement price also surged by...
