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 surges by US$52/t to stand at US$2677/t; SHFE price exceeds US$3000/t
LME aluminium opened at US$2,612 per tonne last night and closed at US$2,662.50 per tonne, up 1.8 per cent. On Monday, December 13, LME aluminium cash (bid) price surged by US$51 per tonne or 1.94 per cent to stand at US$2,675 per tonne, while LME aluminium official settlement price came in at...
NALCO grows its aluminium ingot price by 1% to INR229,250- 232,750/t with effect from December 10
National Aluminium Company Limited (NALCO) has increased its aluminium ingot and aluminium products prices, with effect from Friday, December 10, following a cut on December 7. The company, under the ownership of Ministry of Mines, has raised its aluminium ingot price by INR 3,000 per tonne or 1.33...
China’s alumina spot price falls yet again to stand below RMB3000/t; Aluminium fluoride price touches new milestone at RMB13000/t
According to the Shanghai Metals Market, China's average alumina spot price has opened the third straight week, dates December 13, with a decline to stand below RMB 3,000 per tonne. SMM data shows the price has decreased by RMB 43 per tonne to come in at RMB 2,977 per tonne. However, in Guizhou,...
LME aluminium price dips by US$6/t to stand at US$2,625 per tonne; SHFE price slumps by US$16/t
LME aluminium opened at US$2,625 per tonne last Friday and closed at US$2,611 per tonne, down US$16 per tonne or 0.61 percent. On Friday, December 10, LME aluminium cash (bid) price dipped by US$6 per tonne or by 0.22 percent to stand at US$2,624 per tonne. For the same day, LME aluminium official...
LME aluminium price edged W-o-W decline of 0.87% to US$2625/t this week; SHFE price settled 0.75% higher at US$2958/t
The LME aluminium benchmark price closed the week, ended December 10, at 0.87 per cent or US$23/t lower than US$2,648 per tonne on December 3, while.the SHFE aluminium price settled 0.75 per cent or USS$22/t higher this week compared to US$2,936 per tonne on December 3. LME aluminium cash (bid)...
Shortage of aluminium cans increases the use of growlers amongst South Carolina breweries
The pandemic has caused disruptions, in many sectors of the industry, including aluminium cans. Aluminium cans are in low supply due to supply chain difficulties. However, companies in Lowcountry, Carolina, stated that it is not a big issue. Tradesmen Brewing Co., a renowned brewery in South...
Average alumina spot price in China slips by RMB 52/t to close at RMB 3,020/t; A00 aluminium ingot price climbs up by RMB 80/t
On Friday, December 10, the average alumina spot price in China has slumped by RMB 52 per tonne or by 1.69 percent to settle at RMB 3,020 per tonne, found the Shanghai Metals Market. The average alumina price in Henan and Shanxi has slipped by RMB 50 per tonne to settle at RMB 3,010 per tonne and...
LME aluminium price grows by US$4.5/t to settle at US$2630.50/t; SHFE price further drops to US$2958/t
LME aluminium opened at US$2,622 per tonne on Thursday, December 9, and closed at US$2,627 per tonne, down US$8 per tonne or 0.3 per cent. LME aluminium cash (bid) price increased by US$5 per tonne to stand at US$2,630 per tonne, while LME aluminium official settlement price rose by US$4.50 per...
High energy price hurls Montenegro’s Uniprom to shut down KAP aluminium smelter, says chief executive
Veselin Pejovic, the CEO and owner of Uniprom stated that Montenegro's KAP aluminium smelter is projected to gradually shut down due to the hostile energy prices that will come into effect as of 1 st January 2022. On 8 th December 2021, the CEO said: "Just at the moment when the price of aluminium...
Hindalco grows its aluminium ingot price by INR2250/t to INR231750/t with effect from December 8
Hindalco Industries Limited raised its aluminium ingot and aluminium products prices on Wednesday, December 8, following a cut on the previous day, December 7. The company’s aluminium ingot price saw a rise of INR 2,250 per tonne from INR 229,500 per tonne to INR 231,750 per tonne, as of December...
LME aluminium price inches up by US$0.5/t to stand at US$2,625/t; SHFE price decreases by US$6/t
LME aluminium opened at US$2,625 per tonne last night and closed at US$2,635 per tonne, an increase of US$10.5 per tonne or 0.4 percent. On Wednesday, December 8, LME aluminium cash (bid) price inched by US$0.5 per tonne or by 0.01 percent to peg at US$2,625 per tonne. LME aluminium official...
China’s average alumina spot price continues to decline to RMB3072/t; A00 aluminium ingot price sheds RMB90/t
The average alumina spot price in China has recorded a continued decline of RMB 55 per tonne to RMB 3,072 per tonne on Thursday, December 9, found the Shanghai Metals Market. In Shandong, the price has shrunk by RMB 75 per tonne to RMB 3,175 per tonne, while the price in Shanxi has dwindled by RMB...
South Korea’s antitrust regulator decides to impose 20.7 billion won fines on 8 aluminium makers for price fixing
On Wednesday, December 8, South Korea’s antitrust regulator said a decision is taken to impose a combined 20.7 billion won ($17.6 million) in fines on eight aluminium alloy makers for plotting to fix bidding prices. Altechno Metal, specialised in producing aluminium ingot, rolling and drawing,...
Average alumina spot price in China descends by RMB 68/t to stand at RMB 3,127/t; A00 aluminium ingot price hikes by RMB 100/t
The average alumina spot price has been in the declining phase since November 25. According to the Shanghai Metals Market, the average alumina spot price has shrunk by RMB 68 per tonne or by 2.12 percent to close at RMB 3,127 per tonne, as of December 8. The average alumina price in Henan and...
LME aluminium price settles 1% higher at US$2625/t; SHFE price hikes by US$27/t to US$2968/t
LME aluminium opened at US$2,592 per tonne on Tuesday and closed at US$2,624.50 per tonne, an increase of US$30.50 per tonne or 1.18 per cent. LME aluminium cash (bid) price grew by US$25 per tonne on Tuesday, December 7, to stand at US$2,624.50 per tonne, while LME aluminium official settlement...
NALCO’s aluminium ingot price sees a cut of INR5600/t or 2.4% since a hike two weeks ago
National Aluminium Company Limited (NALCO) has reduced its aluminium ingot and aluminium products prices with effect from Tuesday, December 7, following a hike about two weeks ago. The Navratna CPSE has cut its aluminium ingot price by INR 5,600 per tonne or 2.4 per cent to INR 226,250-229,750 per...
Average alumina spot price in China drops by RMB53/t to close at RMB 3,195/t; A00 aluminium ingot price shrinks by RMB 90/t
According to the Shanghai Metals Market, on Tuesday, December 7, the average alumina spot price has dropped by RMB 53 per tonne or by 1.63 percent to settle at RMB 3,195 per tonne. The average alumina price in Shandong and Henan has slipped by RMB 60 per tonne to total at RMB 3,290 per tonne and...
Hindalco’s aluminium wire rod and billets prices cut by INR3000/t with effect from December 7
Hindalco Industries Limited has reduced its aluminium products and aluminium ingot prices for the second time in a row, with effect from Tuesday, December 7. Hindalco’s aluminium wire rod price has seen a cut of INR 3,000 per tonne from INR 243,600 per tonne on December 4 to INR 240,600 per tonne...
