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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SHFE aluminium price ascends by US$25/t to come in at US$3,127/t; LME is closed for Christmas Holidays
The London Metal Exchange was closed on Tuesday, December 28, for Christmas Holiday. On Friday, December 24, LME aluminium cash (bid) price stood at US$2,846 per tonne. On the other hand LME aluminium official settlement price closed at US$2,848 per tonne. 3-month bid price and 3-month offer price...
Hindalco grows its aluminium billets and wire rod prices by INR1750/t with effect from December 25
Hindalco Industries Limited grew its aluminium billets and aluminium wire rod prices by INR 1,750 per tonne with effect from Saturday, December 25. The hike brought the company’s aluminium wire rod price to INR 260,350 per tonne as against INR 258,600 per tonne on December 23. Hindalco’s aluminium...
SHFE aluminium price decreases by US$22/t to US$3102/t; LME is closed for Christmas Holiday
The London Metal Exchange was closed on Monday, December 27, for the Christmas Holiday. On the last day of trading, which was on Friday, December 24, the three-month LME aluminium opened at US$2,845 per tonne and closed at US$2,820 per tonne, a decrease of US$28 per tonne or 0.98 per cent. LME...
Average alumina spot price in China descends by RMB 2/t to close at RMB 2,809/t; A00 aluminium ingot price slips by RMB 30/t
On Tuesday, December 28, the average alumina spot price in China slumped by RMB 2 per tonne 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,...
NALCO hikes its aluminium ingot price by over INR10,000/t to INR242,550-246,050/t w.e.f. December 24
National Aluminium Company Limited (NALCO) significantly hiked its aluminium ingot and aluminium products prices on Friday, December 24. The company’s aluminium ingot price came in at INR 242,550-246,050 per tonne, up by INR 10,600 per tonne or 4.5 per cent from INR 231,950- 235,450 per tonne on...
Average alumina spot price in China slumps by RMB 3/t to close at RMB 2,811/t; A00 aluminium ingot price closes at RMB 19,810/t
The average alumina spot price in China has opened the week on Monday, December 27, slipping by RMB 3 per tonne to come in at RMB 2,811 per tonne, found the Shanghai Metals Market. For the same day in Henan and Shanxi, the price has remained unchanged to stand at RMB 2,815 per tonne, respectively....
India Govt. may slash import duties on aluminium and other commodities: Sources
The government of India may ponder slashing import duties on products like aluminium, steel, copper, etc. in the budget to dispense some relief to SMEs that have been heavily impacted by the escalation of input costs, as reported by two industry experts aware of this development. The experts also...
LME aluminium price ascends by US$30/t to close at US$2,848/t; SHFE price slumps by US$35/t
Three-month LME aluminium opened at US$2,845 per tonne last Friday and closed at US$2,820 per tonne, a decrease of US$28 per tonne or 0.98 percent. LME aluminium cash (bid) price climbed up by US$28.5 per tonneor by 1.01 percent to stand at US$2,846 per tonne, as of Friday, December 24. LME...
Average alumina spot price in China slips by RMB 4/t to stand at RMB 2,814/t; A00 aluminium ingot price stands at RMB 20,070/t
On Friday, December 24, the average alumina spot price in China has gone down by RMB 4 per tonne to come in at RMB 2,814 per tonne, found the Shanghai Metals Market. The average alumina price in Guizhou has gone down by RMB 50 per tonne to come in at RMB 2,800 per tonne. In Lianyungang and...
LME aluminium price grows by US$7/t to stand at US$2818/t; SHFE price drops to US$3159/t
LME aluminium opened at US$ 2,817.50 per tonne on Thursday and closed at US$2,850 per tonne, an increase of US$26 per tonne or 0.92 per cent. On Thursday, December 23, LME aluminium cash (bid) price and LME aluminium official settlement price continued to move up, although lower, by US$7 per tonne...
Hindalco Industries’ aluminium ingot price undergoes a hike of INR3000/t with effect from December 22
Hindalco Industries Limited increased its aluminium ingot and aluminium products prices with effect from Wednesday, December 22, after a cut on the previous day. Hindalco’s aluminium ingot price came in at INR 238,250 per tonne on December 22 after being grown by INR 3,000 per tonne from INR...
Aluminium Dunkerque reduces metal output due to rise in power price
According to a labour union spokesman, Aluminium Dunkerque Industries France has reduced metal output in the last two weeks due to a rise in power rates. According to union official Laurent Geeraert, the reductions correspond to around 3% of Aluminium Dunkerque's manufacturing capacity. Since the...
A00 aluminium ingot price in China jumps by RMB510/t to exceed RMB20000/t; Aluminium alloy (A356) price closes above RMB22000/t
A00 aluminium ingot price in China has jumped by RMB 510 per tonne on Thursday, December 23, marking hike for the second consecutive day after an intermitted decline on December 21. According to the Shanghai Metals Market, the growth today has again sent the primary aluminium ingot price to above...
LME aluminium price surges by US$115/t to close at US$2,811/t; SHFE price went up by US$65/t
LME aluminium opened at US$2,760 per tonne on Wednesday and closed at US$2,822 per tonne, an increase of US$53.5 per tonne or 1.93 percent. On Wednesday, December 22, LME aluminium cash (bid) price surged by US$115.5 per tonne or by 4.28 percent to clock at US$2,810.50 per tonne. LME aluminium...
Romania’s Alro slash production at the aluminium smelter, intent for total close down
The President of the trade union within Alro Slatina, Constantin Popescu stated that integrated aluminium producer, Alro has initiated a program of a complete shutdown of the production activity due to the surge in electricity prices. Alro remains one of the biggest aluminium companies of Romania...
A00 aluminium ingot price in China hikes by RMB 140/t; Aluminium alloy (A356) price escalates by RMB 100/t
On Wednesday, December 22, the average alumina spot price in China has remained restrained to stand at RMB 2,818 per tonne, found the Shanghai Metals Market. The average alumina price in Shandong and Henan has also remained the same to come in at RMB 2,915 per tonne and RMB 2,815 per tonne, for the...
LME aluminium price hikes by US$50.5/t to stand at US$2,696/t; SHFE price ascends by US$37/t
On Tuesday, December 21, LME aluminium cash (bid) price hiked by US$50 per tonne or by 1.89 percent, while LME aluminium official settlement price for the same day soared up by US$50.5 per tonne or by 1.90 percent, respectively. The prices stood at US$2,695 per tonne for LME aluminium cash (bid)...
NALCO’s aluminium ingot price gains INR2700/t to range between INR231,950- 235,450/t w.e.f. December 21
National Aluminium Company Limited has increased its aluminium ingot and aluminium products prices, with effect from Tuesday, December 21, since the last hike of INR 3,000 per tonne on December 10. With the latest hike, NALCO’s aluminium ingot price has come in at INR 231,950- 235,450 per tonne, up...
