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 price slips by US$3/t to US$3006; SHFE price surges by US$64/t to US$3392/t
LME aluminium opened at US$2,995 per tonne on Tuesday and closed at US$3,020 per tonne, an increase of US$20 per tonne or 0.67 per cent. On Tuesday, January 18, both LME aluminium cash (bid) price and LME aluminium official settlement price slipped by only US$3 per tonne to stand at US$3005 per...
Hindalco’s aluminium ingot price grows by INR3250/t over two days ending January 18, 2022
Hindalco Industries Limited has further increased its aluminium ingot and aluminium products prices over the last two days ending January 18, 2022. The company has raised its aluminium ingot price by INR 3,250 per tonne or 1.28 per cent to INR 257,000 per tonne. On Saturday, January 15, Hindalco’s...
China’s alumina spot price continues to surge by RMB73/t to RMB2972/t; A00 aluminium ingot price hikes by RMB130/t
The average alumina spot price in China has surged for the second day in a row by RMB 73 per tonne to come in at RMB 2,972 per tonne as of Tuesday, January 18. In Henan and Shanxi, the price has soared by RMB 85 per tonne to settle at RMB 2,995 per tonne. The average prices are expected to range...
SHFE price slips by US$3/t to close at US$3,328/t; LME aluminium price closes at US$2,977.50/t
On Tuesday, January 18, the benchmark aluminium price has gone down by US$3 per tonne or by 0.90% to close at US$3,328 per tonne. The most-traded SHFE 2202 aluminium closed down 0.49% or RMB 105 per tonne to RMB 21125 per tonne, with open interest down 10276 lots to 144673 lots. During the night...
Hindalco’s aluminium billets price sees an increase of 0.75% to INR267850/t with effect from January 15
Hindalco Industries Limited increased its aluminium products and aluminium ingot prices on Saturday, January 15, following a cut in the preceding day. The company grew its aluminium billets price by INR 2,000 per tonne or 0.75 per cent to INR 267,850 per tonne. On January 14, the price stood at INR...
Alumina spot price in China hikes by RMB 37/t to close at RMB 2,899/t; A00 aluminium ingot price slips by RMB 90/t
On Monday, January 17, the average alumina spot price in China has opened the week on Monday with an increase of RMB 37 per tonne to stand at RMB 2,899 per tonne, found the Shanghai Metals Market. The average alumina spot price in Guizhou and Guangxi has moved up by RMB 70 per tonne to peg at RMB...
LME aluminium benchmark price grows by US$17.5/t to US$2977.5/t; SHFE price closes lower at US$3325/t
LME aluminium opened at US$2,977 per tonne last Friday and closed at US$2,987 per tonne, an increase of US$9.50 per tonne or 0.32 per cent. On Friday, January 14, LME aluminium cash (bid) price closed at US$2,977 per tonne. LME aluminium official settlement price, on the other hand, settled at...
Aluminium Dunkerque to detain current production anticipating govt. relief on power prices
On 14 th January 2022, a spokesperson from Europe’s largest aluminium smelter, Aluminium Dunkerque in France stated that the company is not scheduling to regulate further production following the contemporary curbs, as it anticipates for government subsidy on energy prices to enforce. The smelter...
Primary Aluminium Weekly Recap: Valuation of Lochaber aluminium smelter scales up by £100 million, NALCO puts its 960th potline into operation
Some of the important news spotted in the global primary aluminium industry this week included the valuation of Lochaber aluminium smelter scaled up by £100 million, which was acquired from Rio Tinto Alcan and a very small amount was further invested. The news came on Monday, January 10, after the...
NALCO’s aluminium ingot price grows by INR2100/t to hover around INR249,550- 253,050/t w.e.f. January 14
National Aluminium Company Limited (NALCO) continued to increase its aluminium ingot and aluminium products prices for the second time in a row, with effect from Friday, January 14. The company’s aluminium ingot price saw a rise of INR 2,100 per tonne to a range between INR 249,550- 253,050 per...
Hindalco’s aluminium wire rod price sees a cut of INR3500/t after several hikes since January 5
Hindalco Industries Limited has reduced its aluminium products and aluminium ingot prices, with effect from Friday, January 14, after the four consecutive hikes since January 5, 2022. The company has cut its aluminium wire rod price by INR 3,500 per tonne to INR 262,850 per tonne. On January 13,...
Alumina spot price in China continues to grow to close the week at RMB2862/t; A00 aluminium ingot price plunges by RMB400/t
According to the Shanghai Metals Market, the average alumina spot price in China has increased for the fifth day in a row by RMB 13 per tonne to stand at RMB 2,862 per tonne as of Friday, January 14. In Guangxi, alumina price has hiked by RMB 30 per tonne to come in at RMB 2,750 per tonne, while...
SHFE price slumps by US$44/t to stand at US$3, 3339/t; LME aluminium settles at US$3,003/t
On Friday, January 14, the benchmark aluminium price slipped by US$44 per tonne or by 1.30% to close at US$3,339 per tonne. The most-traded SHFE 2202 aluminium closed down 1.27% or RMB 275 per tonne to RMB 21,375 per tonne, with open interest down 11765 lots to 172829 lots. Overnight, the...
Hindalco further hikes its aluminium ingot price by INR4250/t on January 13 as LME price exceeds US$3000/t
Hindalco Industries Limited has further hiked its aluminium ingot and aluminium products prices in line with the LME aluminium benchmark price surge yet again above US$3,000 per tonne. With effect from Thursday, January 13, Hindalco has increased the aluminium ingot price by INR 4,250 per tonne to...
Alumina spot price in China steps up by RMB 4/t to RMB 2,849/t; A00 aluminium ingot price slips by RMB 100/t
On Thursday, January 13, the average alumina spot price has inched by RMB 4 per tonne to stand at RMB 2,849 per tonne, found the Shanghai Metals Market. The average alumina spot price in Shandong, Henan and Shanxi has hiked by RMB 5 per tonne to total at RMB 2,900 per tonne, RMB 2,865 per tonne and...
LME aluminium benchmark price exceeds US$3000/t yet again; SHFE price declines by US$21/t
LME aluminium opened at US$2,976 per tonne on Wednesday and closed at US$2,945 per tonne, a decrease of US$38 per tonne or 1.27 per cent. On Wednesday, January 12, both LME aluminium cash (bid) price and LME aluminium official settlement price yet again crossed US$3,000 per tonne by gaining US$54...
Europe: Aluminium price elevates due to increasing energy cost and production curbs
Aluminium prices are reaching new highs for European consumers as a result of rising energy costs and production cuts, which have worsened metal shortages in the power, building, and packaging industries. Consumers who buy aluminium on the physical market normally pay the London Metal Exchange's...
Hindalco Industries grows its aluminium ingot price by INR1500/t to INR251000/t on January 12
Hindalco Industries Limited has continued to increase its aluminium ingot and aluminium products prices for the fourth time in a row, with effect from Wednesday, January 12. The company’s aluminium ingot price has witnessed an increase of INR 1,500 per tonne to INR 251,000 per tonne, compared to...
