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
Average alumina spot price in China moves up by RMB 14/t to peg at RMB 3,143/t; A00 aluminium ingot price surges by RMB 420/t
According to the Shanghai Metals Market, average alumina spot price in China has grown by RMB 14 per tonne to close at RMB 3,143 per tonne. In Shandong and Guizhou, the price has moved up by RMB 10 per tonne to stand at RMB 3,145 per tonne and RMB 3,020 per tonne. On the other hand in Henan and...
LME aluminium price grows by US$19.5/t to clock at US$3,064/t; SHFE price ascends by US$62/t
Three-month LME aluminium opened at US$3.39.5 per tonne on Tuesday and closed at US$3.95 per tonne, an increase of $57 per tonne or 1.88%. On Tuesday, January 25, LME aluminium cash (bid) price stepped up by US$19 per tonne or by 0.62% to peg at US$3,063 per tonne. On the other hand, LME aluminium...
Average alumina spot price in China hikes by RMB 14/t to close at RMB 3,129/t; A00 aluminium ingot price grows by RMB 40/t
On Tuesday, January 25, average alumina spot price in China climbed up by RMB 14 per tonne to clock at RMB 3,129 per tonne, finds the Shanghai Metals Market. In Shandong and Guangxi, the average alumina spot price has moved up by RMB 20 per tonne to stand at RMB 3,135 per tonne and RMB 3,050 per...
LME aluminium price continues to decline over the weekend to US$3044.5/t; SHFE price gains US$13/t
LME aluminium opened at US$3,030 per tonne on Monday and closed at US$3,038 per tonne, an increase of US$15.5 per tonne or 0.51 per cent. Both LME aluminium cash (bid) price and LME aluminium official settlement price continued to decline over the weekend ending January 24 by US$35 per tonne or...
South32 reports record breaking prices for South African aluminium
South32 claimed record aluminium pricing for metal produced by Hillside, its South African smelter, but struggled to clear a backlog of metal due to port congestion in both South Africa and Mozambique, where it has a smelter. The company said it was working on alternate strategies to mitigate a...
Hindalco cuts its aluminium wire rod and billets prices by INR1750/t after four hikes in a row
Hindalco Industries Limited cut its aluminium products and aluminium ingot prices, with effect from Saturday, January 22, following four consecutive hikes since January 15, 2022. The company reduced its aluminium wire rod price by INR 1,750 per tonne to INR 274,600 per tonne, compared to INR...
NALCO’s aluminium ingot price continues to rise by INR6300/t or 2.4% with effect from January 22
National Aluminium Company Limited (NALCO) increased its aluminium ingot and aluminium products prices for the fourth time in a row on Saturday, January 22. The company raised its aluminium ingot price by INR 6,300 per tonne or 2.4 per cent from INR 254,850-258,350 per tonne on January 19 to INR...
Average alumina spot price in China grows over the weekend to RMB3115/t; A00 aluminium ingot price plunges by RMB230/t
The average alumina spot price in China has grown by RMB 10 per tonne over the weekend ending January 24 to come in at RMB 3,115 per tonne, found the Shanghai Metals Market. In Guizhou, alumina price has jumped by RMB 25 per tonne to stand at RMB 3,000 per tonne, followed by the increase of RMB 15...
LME aluminium price slips by US$30/t to score at US$3,079.50/t; SHFE price drops by US$44/t
LME aluminium opened at US$3,105 per tonne last Friday and closed at US$3,022 per tonne, down US$92.5 per tonne or 2.97%. On Friday, January 21, LME aluminium cash (bid) price dropped by US$30 per tonne or by 0.96% to close at US$3,079/t. LME aluminium official settlement price also went down by...
LME aluminium benchmark price closes 2.34% higher this week at US$3079.5/t; SHFE price hikes to US$3374/t
LME aluminium cash (bid) price and LME official settlement price opened the week on Monday, January 17, with a hike of US$31 per tonne and US$31.50 per tonne, respectively. That brought the prices to US$3008 per tonne and US$3,009 per tonne. However, on Tuesday, January 18, both LME aluminium cash...
Hindalco Industries further increases its aluminium ingot price by 2% to INR265250/t with effect from January 21
Hindalco Industries Limited has further increased its aluminium ingot and aluminium products prices by INR 5,250 per tonne or 2 per cent, with effect from Friday, January 21. The hike for the fourth time in a row has brought the company’s aluminium ingot price to INR 265,250 per tonne from INR...
Average alumina spot price in China grows by RMB 45/t to total at RMB 3,105/t; A00 aluminium ingot price slips by RMB 20/t
According to the Shanghai Metals Market, the average alumina spot price in China has surged by RMB 45 per tonne to come in at RMB 3,105 per tonne. The average alumina spot price in Shandong has also grown by RMB 35 per tonne to settle at RMB 3,110 per tonne. On the other hand, in Henan and Shanxi...
LME aluminium benchmark price soars by over US$70/t to settle at US$3109.5/t; SHFE price grows by US$6/t
LME aluminium opened at US$3,047 per tonne on Thursday and closed at US$3,115 per tonne, an increase of US$62 per tonne or 2.03 per cent. On Thursday, January 20, LME aluminium cash (bid) price and LME aluminium official settlement price soared by US$74 per tonne and US$73.50 per tonne,...
Hindalco’s aluminium wire rod & billets prices see a hike for the third consecutive time by INR3000/t on January 20
Hindalco Industries Limited has continued to increase its aluminium ingot and aluminium products prices for the third time in a row, with effect from Thursday, January 20. Hindalco has raised its aluminium wire rod price by INR 3,000 per tonne from INR 268,100 per tonne on January 18 to INR 271,100...
China’s average alumina spot price hikes by RMB53/t to settle at RMB3060/t; A00 aluminium ingot price plunges by RMB270/t
The average alumina spot price in China has hiked for the ninth day in a row by RMB 53 per tonne to stand at RMB 3,060 per tonne, found the Shanghai Metals Market. In Henan and Guizhou, alumina spot price has surged by RMB 60 per tonne to close at RMB 3,085 per tonne and RMB 2,950 per tonne, while...
LME aluminium price surges by US$30/t to stand at US$3,036/t; SHFE price slumps by US$24/t
LME aluminium opened at US$3,012 per tonne on Wednesday and closed at US$3,053 per tonne, an increase of US$33 per tonne or 1.09%. On Wednesday, January 19, LME aluminium cash (bid) price hiked by US$30 per tonne or by 0.99% to peg at US$3,035 per tonne. LME aluminium official settlement price also...
NALCO’s aluminium ingot price increases for the third consecutive time to stand at INR254850-258350/t on January 19
National Aluminium Company Limited (NALCO) has hiked its aluminium ingot and aluminium products prices for the third time in a row, with effect from Wednesday, January 19. The company has raised its aluminium ingot price by INR 5,300 per tonne to the range INR 254,850-258,350 per tonne. On Friday,...
Alumina spot price in China escalates by RMB 35/t to stand at RMB 3,007/t; A00 aluminium ingot price soars up by RMB 440/t
According to the Shanghai Metals Market, the average alumina spot price in China has moved up by RMB 35 per tonne to close at RMB 3,007 per tonne, as of Wednesday, January 19. In Henan and Shanxi, the average alumina spot price has ascended by RMB 30 per tonne to clock at RMB 3,025 per tonne. On...
