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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Aluminium slips by -2% to stand at 216.5 due to ongoing pandemic scenario, says Aluminum Mini Futures
On Monday, December 20, Aluminum Mini Futures dropped by -2 percent to stand at 216.15 as the COVID-19 pandemic scenario remained depressing, and the omicron version was discovered in many locations, which alarmed the market. Aluminium supply remained low, and strong downstream demand continued to...
A00 aluminium ingot price in China declines by RMB160/t after two days of hike; Alumina spot price inches down by RMB5/t
After the two consecutive days of hike on December 17 and 20, A00 aluminium ingot price in China has plunged by RMB 160 per tonne to stand at RMB 19,420 per tonne on Tuesday, December 21, found the Shanghai Metals Market. The average prices are expected to range between RMB 19,400 per tonne and RMB...
LME aluminium price moves down by US$47/t; SHFE price decreases by US$29/t
On Monday, December 20, LME aluminium cash (bid) price moved down by US$47 per tonne or 1.74 percent to stand at US$2,645 per tonne. LME aluminium official settlement price on the other hand dropped down by US$48.5 or by 1.80 percent to come in at US$2,645.50 per tonne, for the same day. 3-month...
Hindalco Industries grows its aluminium wire rod price for the second day in a row by INR5000/t w.e.f. December 18
Hindalco Industries Limited increased its aluminium products and aluminium ingot prices back-to-back on Saturday, December 18. The company grew its aluminium wire rod price by INR 5,000 per tonne or 2.03 per cent from INR 245,850 per tonne on December 17 to INR 250,850 per tonne. Hindalco’s...
Average alumina spot price in China slips by RMB 11/t to stand at RMB 2,823/t; A00 aluminium ingot price ascends by RMB 200/t
The average alumina spot price in China has opened the week on Monday, December 20, slumping by RMB 11 per tonne or by 0.38 percent to stand at RMB 2,823 per tonne, found the Shanghai Metals Market. For the same day in Shandong and Henan, the price has gone down by RMB 10 per tonne to close in at...
LME aluminium price stands 2.4% higher at US$2694/t; SHFE price soars for the second day in a row to US$3093/t
LME aluminium opened at US$2,676 per tonne last Friday and closed at US$2,733.50 per tonne, an increase of US$52.5 per tonne or 1.96 per cent. On Friday, December 17, LME aluminium cash (bid) price and LME aluminium official settlement price soared by US$64 per tonne or 2.4 percent to come in at...
Hindalco hikes its aluminium billets price by INR3250/t w.e.f. December 17 after two back-to-back cuts
After the two consecutive days of decline, Hindalco Industries’ aluminium products and its aluminium ingot prices have seen a hike with effect from Friday, December 17. The company’s aluminium billets price has witnessed an increase of INR 3,250 per tonne to INR 248,850 per tonne. On the previous...
Average alumina spot price in China slumps by RMB 26/t to close in at RMB 2,834/t; A00 aluminium ingot price surges by RMB 350/t
According to the Shanghai Metals Market, the average alumina spot price has been in the declining phase since early November. On Friday, December 17, the price has dropped by RMB 26 per tonne or by 0.96 percent to settle at RMB 2,834 per tonne. In Shandong and Henan, the average alumina spot price...
LME aluminium price hikes by US$33/t to close at US$2,630/t; SHFE price moves up by US$71/t
LME aluminium opened at US$2,605 per tonne on Thursday and closed at US$2,690.5 per tonne, an increase of US$80 per tonne or 3.08 percent. On Thursday, December 16, LME aluminium cash (bid) price hiked by US$32 per tonne or by 1.23 percent to close in at US$2,628 per tonne. LME aluminium official...
Hindalco Industries back-to-back reduces aluminium ingot price by INR2750/t in line with LME aluminium price slump
Hindalco Industries Limited has reduced its aluminium ingot and aluminium products prices back-to-back, with effect from Thursday, December 16. After a cut of INR 2,750 per tonne on December 15, Hindalco’s aluminium ingot price sees another slash of the same amount on December 16 to stand at INR...
Aluminium can shortage may amplify expenses for North Texas breweries
The epidemic has wreaked havoc on a variety of industries, including aluminium cans. Due to supply chain issues, aluminium cans are in short supply. As a result, the prices of canned beer in local breweries could go up. For brewers, it's just another stumbling block on the road back to life before...
LME aluminium price decreases by US$39/t to settle at US$2597/t; SHFE price dips by US$3/t
Three-month LME aluminium opened at US$2,630 per tonne on Wednesday, December 15, and closed at US$2,601 per tonne, down $21 per tonne or 0.8 per cent. On Wednesday, December 15, LME aluminium cash (bid) price and LME aluminium official settlement price decreased for the second day in a row this...
Average alumina spot price in China slips by RMB 41/t to close in at RMB 2,860/t; A00 aluminium ingot price descends by RMB 70/t
On Thursday, December 16, the average alumina spot price has slumped by RMB 41 per tonne to stand at RMB 2,860 per tonne, says Shanghai Metals Market. To begin with, in Henan and Shanxi, the average alumina spot price has slipped by RMB 50 per tonne to peg at RMB 2,850 per tonne for both provinces,...
Montenegro's majority state-owned energy supplier EPCG transfers the decision of KAP smelter to govt.
The integrated electricity company located in Niksić, Montenegro Elektroprivreda Crne Gore (EPCG) stated that the government has the power to decide whether the company should take charge of the production at KAP aluminium smelter owned by Montenegro's Uniprom. The majority state-owned power...
LME aluminium price descends by US41/t to close at US$2,636/t; SHFE price decreases by US$9/t
LME aluminium opened at US$2,655 per tonne last night and closed at US$2,622 per tonne, down 1.35 percent or $36 per tonne. On Tuesday, December 14, LME aluminium cash (bid) price stood at US$2,635 per tonne, after descending by US$40 per tonne or by 1.49 percent. LME aluminium official settlement...
China’s average alumina price declines for over two weeks in a row to RMB2901/t; A00 aluminium ingot price gains RMB30/t
The average alumina spot price in China has continued to decline for over two weeks in a row to stand at RMB 2,901 per tonne as of Wednesday, December 15. According to the Shanghai Metals Market, the price has decreased by RMB 52 per tonne from RMB 2,953 per tonne on December 14. In Henan, Guizhou,...
Hindalco hikes its aluminium billets and wire rod prices by INR5250/t or 2% with effect from December 14
Hindalco Industries Limited has further increased its aluminium products and aluminium ingot prices, with effect from Tuesday, December 14, after the last hike nearly a week ago on December 8. Hindalco’s aluminium wire rod price has climbed by INR 5,250 per tonne or 2.16 per cent to stand at INR...
Average alumina spot price in China slumps by RMB 24/t to stand at RMB 2,953/t; A00 aluminium ingot price soars up by RMB 380/t
On Tuesday, December 14, the average alumina spot price in China has recorded a continued decline of RMB 24 per tonne or by 0.80 percent to close at RMB 2,953 per tonne, found the Shanghai Metals Market. The average alumina price in Guizhou and Guangxi has slipped by RMB 15 per tonne to settle at...
