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
Alumina spot price in China inches up by RMB4/t to RMB2845/t; A00 aluminium ingot price gains RMB60/t
The average alumina spot price in China has continued to grow by RMB 4 per tonne to come in at RMB 2,845 per tonne on Wednesday, January 12, found the Shanghai Metals Market. In Shandong, the price has increased by RMB 15 per tonne to RMB 2,895 per tonne, followed by the rise of RMB 5 per tonne in...
LME aluminium price hikes by US27/t to peg at US$2,950/t; SHFE price increases by US$28/t
LME aluminium opened at US$2,953.5 per tonne on Tuesday and closed at US$2,983 per tonne, an increase of US$50 per tonne or 1.7%. On Tuesday, January 11, LME aluminium cash (bid) price hiked by US$26 per tonne or by 0.88% to peg at US$2,948 per tonne. On the other hand, LME aluminium official...
Average alumina spot price in China soars up by RMB 12/t to stand at RMB 2,841/t; A00 aluminium ingot price hikes by RMB 390/t
On Tuesday, January 11, the average alumina spot price in China has increased by RMB 12 per tonne to stand at RMB 2,841 per tonne. In Shandong, the price has inched up by RMB 5 per tonne to peg at RMB 2,880 per tonne. On the other hand, in Henan and Shanxi, the price has hiked by RMB 10 per tonne...
LME aluminium price inches up by US$3.5/t to peg at US$2,923/t; SHFE price ascends by US$69/t
LME aluminium opened at US$2,920 per tonne on Monday and closed at $2,933 per tonne, an increase of US$10.5 per tonne or 0.36 percent. On Monday, January 10, LME aluminium cash (bid) price inched up by US$3 per tonne or by 0.10% to settle at US$2,922 per tonne. On the other hand, LME aluminium...
October 2021 primary aluminium production in US records a growth of 5.55% M-o-M to 76,000 tonnes: USGS
According to the recent data shown by the US Geological Survey, domestic primary aluminium production in the country in October 2021 was 76,000 tonnes. That was an increase of 4,000 tonnes or 5.55 per cent from 72,000 tonnes in September 2021 and a marginal rise of 1,000 tonnes from 75,000 tonnes...
Average alumina spot price in China surges by RMB 11/t to close at RMB 2,829/t; A00 aluminium ingot price grows by RMB 180/t
According to the Shanghai Metals Market, the average alumina spot price in China has opened the week on Monday, January 10, with an increase of RMB 11 per tonne to close at RMB 2,829 per tonne. The average alumina spot price in Shandong and Shanxi has gone up by RMB 15 per tonne to clock at RMB...
LME aluminium price further grows by US$7/t to US$2919.50/t; SHFE settles higher at US$3307/t
LME aluminium opened at US$2,930 per tonne last Friday and closed at US$2,922.50 per tonne, down by US$7.50 per tonne or 0.26 per cent. On Friday, January 7, LME aluminium cash (bid) price and LME aluminium official settlement price grew by US$7 per tonne to settle at US$2,919 per tonne and...
Downstream weekly recap: Impol-TLM to invest 24 million euros in building an aluminium block casting plant; EEC initiates extension of 0% customs duty on vanadium-aluminium ligature imports
The beginning of 2022 has been quite eventful for the global aluminium downstream industry. A lot of new events, projects, has kept the downstream sector under the spotlight. To begin with, Ehab El Elwany, marketing head and spokesman for Egypt Aluminum (Egyptalum) (EGAL), announced that the...
LME aluminium price soared this week by US$104/t to close at US$2919.50/t; SHFE price settled at US$3278/t
The London Metal Exchange opened this week on Tuesday, January 4, with LME aluminium cash (bid) price and LME aluminium official settlement price surge by US$9.50 per tonne to US$2,815 per tonne and US$2,815.50 per tonne, respectively. On January 5, the same prices soared by US$50.50 per tonne or...
Hindalco further hikes its aluminium wire rod & billets prices by INR3500/t with effect from January 7
Hindalco Industries Limited has continued to increase its aluminium products and aluminium ingot prices for the third consecutive day, with effect from Friday, January 7. The company has hiked its aluminium wire rod price by INR 3,500 per tonne, bringing it to INR 260,600 per tonne. A day ago (on...
SHFE price hikes by 1.17% to settle at US$3278/t; LME aluminium closes at $2930/t
On Friday, January 7, the benchmark aluminium price for SHFE hiked by US$38 per tonne or by 1.17% to peg at US$3,278 per tonne. The most-traded SHFE 2202 aluminium closed up 1.97% or RMB 400 per tonne to RMB 20685 per tonne, with open interest up 9391 lots to 213019 lots. Overnight, the most-traded...
NALCO’s aluminium ingot price sees a surge of INR9100/t to range between INR247450- 250950/t on January 7
National Aluminium Company Limited (NALCO) has significantly increased its aluminium ingot and aluminium products prices with effect from Friday, January 7, following a cut on January 1. The hike is in line with the LME aluminium benchmark price rise by US$50.50 per tonne on January 5. NALCO’s...
Romania: Aluminium component manufacturing units for aerospace depressed over high energy prices
In the south-eastern European nation, Romania, a total of four aluminium component manufacturers for global aerospace organisations like Airbus, Boeing and Bombardier, which are managed by the Swiss group Montana Tech Components AG, is highly depressed, as their energy provider has forced them to...
A00 aluminium ingot price in China continues to hike to exceed RMB21000/t; Aluminium alloy (A356) price expands by RMB300/t
According to the Shanghai Metals Market, A00 aluminium ingot price in China has continued to hike for the third day in a row to exceed RMB 21,000 per tonne. Data shows the price has surged by RMB 300 per tonne on Friday, January 7, to close the week at RMB 21,040 per tonne. The average prices are...
Hindalco Industries back-to-back grows its aluminium ingot price to INR246000/t w.e.f. January 6
Hindalco Industries Limited has back-to-back increased its aluminium ingot and aluminium products prices, with effect from Thursday, January 6, 2021. The company’s aluminium ingot price has come in at INR 246,000 per tonne, up by INR 1,250 per tonne from the previous day. On Wednesday, January 6,...
Premium for 1Q2022 Japanese aluminium shipments set at $177/t, lower than initial offerings
According to a recent report, the premium for aluminium shipments to Japanese buyers for January to March 2022 is agreed at $177 per tonne, down by 20 per cent from the previous quarter, in line with weaker domestic spot premiums and overseas prices. The news came after six sources directly...
Average alumina spot price in China remains unchanged at RMB 2,818/t; A00 aluminium ingot price ascends by RMB 440/t
The average alumina spot price in China has remained unchanged since December 31st. On Thursday, January 6, the price for the same has been recorded at RMB 2,818 per tonne, found the Shanghai Metals Market. The price has remained the same in Henan and Shanxi for the same day, at RMB 2,835 a tonne,...
LME aluminium price soars by US$50.50/t to close at US$2866/t; SHFE price settles 1.8% higher
LME aluminium opened at US$2,833 per tonne on Wednesday, January 5, and closed at US$2,912 per tonne, an increase of US$79.5 per tonne or 2.81 per cent. On the same day, both LME aluminium cash (bid) price and LME aluminium official settlement price soared by US$50.50 per tonne or 1.8 per cent,...
