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 falls by US$47.5/t to close at US$2,600.50/t; SHFE price shrinks by US$23/t
LME aluminium opened at US$2,622.5 per tonne on Monday and ranged between 2,581.5-2,633 per tonne before closing at US$2,594 per tonne, a drop of US$22 per tonne or 0.84 percent. Open interest fell 1,667 lots to 665,000 lots, and trading volume was 11,593 lots. Both LME aluminium cash (bid) price...
Breweries in Phoenix likely to be affected by the surge in price of aluminium cans
In 2022, beer drinkers may have to pay extra for their beloved artisan beverages. Aluminium cans are in low supply due to supply chain difficulties. Furthermore, wholesalers have modified the minimum quantity of cans required to satisfy an order, making it more difficult for small breweries to...
Hindalco Industries reduces its aluminium ingot price by INR1500/t with effect from December 4
Hindalco Industries Limited again reduced its aluminium ingot and aluminium products prices, with effect from Saturday, December 4, following an intermittent rise on December 2. The company cut its aluminium ingot price by INR 1,500 per tonne on December 2, bringing the price to INR 232,500 per...
Average alumina spot price in China further slumps by RMB55/t, but A00 aluminium ingot price grows to RMB18780/t
The average alumina spot price in China has continued to fall on December 6, 2021, by RMB 55 per tonne to RMB 3,248 per tonne, found the Shanghai Metals Market. This marks the eighth consecutive working day of decline. In Shandong and Shanxi, alumina spot price has slumped by RMB 75 per tonne and...
LME aluminium price drops by US$7/t to total at US$2,648/t; SHFE price hikes by US$28/t
LME aluminium opened at US$2,611 per tonne last Friday and closed at US$2,616 per tonne, an increase of US$3 per tonne or 0.11 percent. On Friday, December 3, both LME aluminium cash (bid) price and LME aluminium official settlement price moved down by US$7 per tonne or by 0.26 percent to score at...
High aluminium prices will keep Tiwai smelter functional for an extended period: NZ Govt. officials
The government officials of the island country in the southwestern Pacific Ocean, New Zealand are positive that Tiwai Point aluminium smelter will remain operational for an extended period if the aluminium prices stand high. However, the officials have also warned that there are risks included, as...
Primary aluminium weekly Recap: New coronavirus variant Omicron starts hitting LME aluminium prices, Japanese aluminium shipments premium for 1Q2022 finalised at US$195/t
New coronavirus variant Omicron seems to have started creating an impact on the global aluminium prices already, and this has been the highlight of the week. As reported on Thursday, December 2, the LME aluminium price recorded a fall of 0.9 per cent to US$2,640.50 per tonne at 0704 GMT before...
New coronavirus variant Omicron starts hitting LME aluminium prices, suspects industry analysers
Agonies hovering around the possible economic impact due to the onset of new coronavirus variant Omicron have reportedly begun hitting the benchmark aluminium price on the London Metal Exchange. On Thursday, December 2, the LME aluminium price recorded a fall of 0.9 per cent to US$2,640.50 per...
Hindalco’s aluminium ingot price sees a rise of INR2250/t on December 2 in line with LME aluminium price hike
Hindalco Industries Limited grew its aluminium ingot and aluminium products prices on December 2, a day after it reduced the prices by INR 1,250 per tonne. With effect from December 2, the company’s aluminium ingot price saw an increase of INR 2,250 per tonne to INR 234,000 per tonne, backed on the...
Alumina spot price in China registers a week-long decline to RMB3303/t; A00 aluminium ingot price shrinks by RMB210/t
The average alumina spot price in China has recorded a week-long decline from November 25 to December 3. According to the Shanghai Metals Market, the price ends this week on Friday, December 3, at RMB 3,303 per tonne, losing RMB 48 per tonne from the previous day. Compared to a week ago, China’s...
LME aluminium price moves down by US$14.5/t to settle at US$2,655/t; SHFE price slips by US$33/t
LME aluminium opened at US$2,648.5 per tonne on Thursday and closed at US$2,613 per tonne down US$35 per tonne or 1.32 percent. On Thursday, December 2, LME aluminium cash (bid) price decreased by US$15 per tonne or by 0.56 percent to close at US$2,654 per tonne. LME aluminium official settlement...
Hindalco Industries Limited cuts its aluminium wire rod and billets prices by INR1250/t
Hindalco Industries Limited decreased its aluminium products and aluminium ingot prices, with effect from Wednesday, December 1, following a hike on the previous day. The company reduced its aluminium wire rod price by INR 1,250 per tonne from INR 244,100 per tonne on November 30 to INR 242,850 per...
Alumina spot price in China declines for the sixth day in a row to RMB3351/t, but A00 aluminium ingot price inches up by RMB10/t
The decline in average alumina spot price in China has been continuing since a week starting from November 25, 2021. According to the Shanghai Metals Market data, the price has decreased by RMB 43 per tonne on Thursday, December 2, to stand at RMB 3,351 per tonne. In Guangxi and Guizhou, alumina...
LME aluminium price ascends by US$34.5/t to stand at US$2669.50/t; SHFE price moves down by US$8/t
LME aluminium opened at US$2,621 per tonne on Wednesday and closed at US$2,648 per tonne, an increase of US$23 per tonne or 0.88 percent. On Wednesday, December 1, both LME aluminium cash (bid) price and LME aluminium official settlement price surged by US$34.5 per tonne or by 1.30 percent to total...
Average alumina spot price in China descends by RMB 10/t to close at RMB 3,394/t; A00 aluminium ingot price climbs by RMB 30/t
According to the Shanghai Metals Market, the average alumina spot price has shrunk by RMB 10 per tonne to close at RMB 3,394 per tonne, as of Wednesday, December 1. The average alumina price in Henan has decreased by RMB 10 per tonne to stand at RMB 3,415 per tonne, as of December 1. For the same...
LME aluminium price declines by US$15/t to close at US$2635/t; SHFE price inches up by only US$2/t
LME aluminium opened at US$2,647 per tonne on Tuesday morning and closed at US$2,625 per tonne, down US$25 per tonne or 0.94 per cent. On the supply side, the current aluminium output finds it hard to increase. LME aluminium cash (bid) price decreased by US$14.50 per tonne on Tuesday, November 30,...
Japanese aluminium shipments premium for Q1 2022 finalised at US$195/t, down 11% Q-o-Q
Two sources directly involved in quarterly price discussions stated on Tuesday, November 30 that one major aluminium manufacturer has offered Japanese customers premiums of US$195 per tonne for January-March (Q1 2022) primary metal shipments, down 11 percent from the Q4 2021. Japan is Asia's...
Relief for NALCO and Hindalco investors as aluminium demand to outpace supply through H2 FY2022
Aluminium has been seeing a volatile trend in the global metals market for the past two months. In mid-October, the LME aluminium prices hit multi-year highs at US$3198/t but then recorded a steep downfall to US$2550/t in early November before stabilizing at around US$2700/t. Going ahead,...
