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 grows its aluminium products prices by INR1750/t on January 5 after two consecutive cuts
Hindalco Industries Limited has increased its aluminium products and aluminium ingot prices, with effect from Wednesday, January 5, 2022, following two consecutive cuts on December 30 and January 1. The company’s aluminium wire rod price has come in at INR 255,850 per tonne, up by INR 1,750 per...
LME aluminium price hikes by US$9.5/t to close at US$2,815.50/t; SHFE price surges by US$8/t
LME aluminium opened at US$2,820 per tonne on Monday and closed at US$2,832.5 per tonne, an increase of US$19.5 per tonne or 0.69%. On Tuesday, January 4, LME aluminium cash (bid) price hiked by US$9.5 per tonne or by 0.33% to settle at US$2,815 per tonne. On the other hand, LME aluminium official...
A00 aluminium ingot price in China rebounds by RMB200/t to RMB20300/t; Aluminium alloy (A356) price grows to RMB22250/t
According to the Shanghai Metals Market, A00 aluminium ingot price in China has recorded a jump of RMB 200 per tonne on Wednesday, January 4, following a plunge of RMB 250 per tonne on the previous day. Thus, the price is currently standing at RMB 20,300 per tonne, with average prices to range...
Egypt Aluminum (Egyptalum) brings no change to its aluminium supplying prices at EGP 52,000-64,000
Egypt Aluminum’s (Egyptalum) (EGAL) marketing head and spokesperson Ehab El Elwany has reported that the company has kept its supplying prices of aluminum to factories and retailers unchanged for January 2022. The price of local aluminium, excluding taxes, is between EGP 52,000 and EGP 64,000,...
NALCO reduces its aluminium ingot price by INR4200/t w.e.f. January 1 in line with LME aluminium price dip
National Aluminium Company Limited (NALCO) reduced its aluminium ingot and aluminium products prices, with effect from Saturday, January 1, 2022. The company cut its aluminium ingot price by INR 4,200 per tonne to 238350–241850 per tonne as of January 1. Last time, on December 24, NALCO had...
Average alumina spot price in China remains same at RMB 2,818/t; A00 aluminium ingot price slips by RMB 250/t
According to the Shanghai Metals Market, the average alumina spot price in China has remained restrained to stand at RMB 2818 per tonne, as of Tuesday, January 4. For the same day in Henan and Shanxi, the price has stood the same to stand at RMB 2,835 per tonne, respectively. On the other hand in...
SHFE aluminium price declines by US$22/t after three days of hike; LME is closed for New Year’s Day
The London Metal Exchange was closed on January 3, 2022 for New Year’s Day. On the previous day, December 31, 2021, LME aluminium cash (bid) price and LME official settlement price closed at US$2,805.50 per tonne and US$2,806 per tonne, respectively, by losing US$23.50 per tonne or by 0.83 per...
Failed to reach an energy agreement, Montenegro’s sole aluminium smelter KAP shuts down
In the Balkan nation, Montenegro Uniprom has closed down the country’s exclusive aluminium smelter, KAP, with the proceedings being accomplished by 30 th December 2021, following its failure to agree on a new electricity price with power company EPCG. However, Uniprom notified earlier that it would...
NALCO chairman Sridhar Patra anticipates supply-demand gap to increase in 2022
According to Sridhar Patra, the chairman and managing director of NALCO, the supply-demand mismatch in the aluminium market is expected to grow in 2022. Aluminium prices have swung wildly in the last year, rising 42% for the year despite a 12% drop from their peak. In 2021, the stock price of...
Hindalco Industries cuts its aluminium billets price by INR2500/t or 1% with effect from January 1
Hindalco Industries Limited cut its aluminium billets and aluminium wire rod prices, with effect from Saturday, January 1, 2022. That marked a cut for the second time in a row since December 30. Hindalco’s aluminium billets price came in at INR 257,100 per tonne, down by INR 2,500 per tonne or 1...
LME aluminium price slips by US$23.5/t to settle at US$2806/t; SHFE market is closed today
On Friday, December 31, both LME aluminium cash (bid) price and LME aluminium official settlement decreased by US$23.5 per tonne or by 0.83% to settle at US$2,805.50 per tonne and US$2,806 per tonne. 3-month bid price and 3-month offer price for the same day totalled at US$2,805 per tonne and...
Primary Aluminium Weekly Recap: EGA repays $361 million debt ahead of time; Hydro to axe aluminium production at Slovalco
Some of the key highlights in the global primary aluminium industry this week include Emirates Global Aluminium pays off in full $361 million, which the Mubadala backed company has raised as project finance from 13 banks and export credit agencies, Alro remains in dismay and alert that around 1300...
Average alumina spot price in China surges by RMB 6/t to peg at RMB 2,818/t; A00 aluminium ingot price hikes by RMB 220/t
According to the Shanghai Metals Market, the average alumina spot price in China has ascended by RMB 6 per tonne to close in at RMB 2,818 per tonne, as of Friday, December 31. For the same day in Henan and Shanxi, the price has surged by RMB 10 per tonne to stand at RMB 2,835 per tonne,...
LME aluminium price drops by US$5.50/t to settle at US$2829.50/t; SHFE price surges by US$33/t
LME aluminium opened at US$2,813.50 per tonne on Thursday, December 30, and closed at US$2,815 per tonne, an increase of US$3 per tonne or 0.11 per cent. Both LME aluminium cash (bid) price and LME official settlement price continued to decrease on Thursday, December 30, to stand at US$2,829 per...
Hindalco Industries’ aluminium wire rod price sees a slash of INR3750/t with effect from December 30
Hindalco Industries Limited has slashed both of its aluminium wire rod and billets prices, with effect from Thursday, December 30. The company’s aluminium wire rod price has witnessed a cut of INR 3,750 per tonne to stand at 256,600 per tonne, as against INR 260,350 per tonne on December 25....
A00 aluminium ingot price in China stands above RMB20,000/t; Aluminium alloy(A356) price surges by RMB200/t
According to the Shanghai Metals Market, A00 aluminium ingot price in China has hiked for the second consecutive day by RMB 210 per tonne to reach above RMB 20,000 per tonne yet again. Data shows the price is standing at RMB 20,130 per tonne as of December 30, with average prices likely to range...
LME aluminium price descends by US$13/t to stand at US$2,835/t; SHFE price hikes by US$37/t
LME aluminium opened at US$2,821 per tonne on Wednesday and closed at US$2,812 per tonne, down US$8 per tonne or 0.28%. LME aluminium cash (bid) price moved down by US$11.5 per tonne or by 0.40% to come in at US$2,834.50 per tonne, as of Wednesday, December 29. LME aluminium official settlement...
Average alumina spot price in China remains unchanged to peg at RMB 2,809/t; A00 aluminium ingot price hikes by RMB 140/t
On Wednesday, December 29, the average alumina spot price in China remained restrained to close at RMB 2,809 per tonne, found the Shanghai Metals Market. For the same day in Shanxi and Lianyungang, the price has remained restrained to come in at RMB 2,815 per tonne and RMB 2,875 per tonne,...
