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 ingot price over the weekend ending November 30 by over 1.5% to INR233000/t
Hindalco Industries Limited has increased its aluminium ingot and aluminium products prices, with effect from Tuesday, November 30, following a sharp cut on Saturday, November 27. The latest hike has brought the company’s aluminium ingot price to INR 233,000 per tonne, up by INR 3,750 per tonne or...
Average alumina spot price in China shrinks by RMB10/t to settle at RMB 3,404/t; Aluminium Fluoride price moves up by RMB 500/t
On Tuesday, November 30, the average alumina spot price has decreased by RMB 10 per tonne or by 0.29 percent to total at RMB 3,404 per tonne, found the Shanghai Metals Market. The average alumina price in Shandong and Henan remained restrained and settled at RMB 3,500 per tonne and RMB 3,425 per...
LME aluminium price gains US$31.50/t to US$2650/t after an intermittent decline; SHFE price grows to US$2975/t
LME aluminium opened at US$2,602.50 per tonne on Monday, November 29, and closed at US$2,650 per tonne, an increase of US$58 per tonne or 2.24 per cent. Both LME aluminium cash (bid) price and LME official settlement price increased by US$31.50 per tonne or 1.20 per cent on Monday, November 29, to...
Ball Corporation makes it difficult for craft breweries by increasing the minimum purchase limit of cans
Ball Corporation one of the world's top aluminium can manufacturers, has sent shockwaves through the craft beer sector by raising the minimum amount of cans that some makers must purchase and announcing price hikes. Starting January 1, non-contract clients, which include many smaller brewers, will...
Hindalco Industries sharply cuts its aluminium wire rod price by INR9000/t with effect from November 27
Hindalco Industries Limited slashed its aluminium products and aluminium ingot prices on Saturday, November 27, following three consecutive hikes since November 23. The latest cut brought the company’s aluminium wire rod price to INR 240,350 per tonne from INR 249,350 per tonne on November 26. That...
Average alumina spot price in China descends by RMB 23/t to close at RMB 3,414/t; Aluminium Fluoride price surges by RMB 500/t
The average alumina spot price in China has opened the week on Monday, November 29, dropping down by RMB 23 per tonne or 0.66 percent to come in at RMB 3,414 per tonne, found the Shanghai Metals Market. The average alumina price in Guangxi has plunged by RMB 100 per tonne to settle at RMB 3,250 per...
LME aluminium price falls sharply by US$122/t to close at US$2618.50/t; SHFE price declines by US$71/t
During last Friday’s night session, LME aluminium opened at US$2,717.50 per tonne and closed at US$2,592 per tonne, a decrease of US$123 per tonne or 4.53 per cent. After three consecutive days of hike, LME aluminium cash (bid) price and LME official settlement price plummeted by US$122 per tonne...
Malaysian aluminium producer Press Metal’s net profit soars to RM 283 million in Q3
The Malaysia-based world-class aluminium producer, Press Metal Aluminium Holdings Bhd, on the account of higher aluminium prices, books a net profit of RM283.33 million in Q3 ended Sept 30, 2021. This was more than double the net profit of RM121.98 million when compared with the same quarter the...
LME aluminium price closed this week lower at US$2618.50/t; SHFE price climbed by US$33/t to settle at US$3027/t
On Monday, November 22, LME aluminium cash (bid) price and LME official settlement price started the week at US$2,653 per tonne and US$2,653.50 per tonne, respectively. They both decreased by US$7.50 per tonne from the previous day. On Tuesday, November 23, LME aluminium cash (bid) price jumped by...
Hindalco Industries hikes its aluminium ingot price for the third time in a row to INR238250/t
Hindalco Industries Limited has hiked its aluminium ingot and aluminium products prices for the third time in a row, with effect from Friday, November 26. The company’s aluminium ingot price has come in at INR 238,250 per tonne, up by INR 4,000 per tonne or 1.71 per cent from INR 234,250 per tonne....
Average alumina spot price in China decreases by RMB 59/t to stand at RMB 3,437/t; Aluminium Fluoride price ascends by RMB 500/t
The average alumina spot price on November 26 has decreased by RMB 59 per tonne or 1.68 percent to stand at RMB 3,437 per tonne, found the Shanghai Metals Market. The average alumina price in Lianyungang and Bayuquan has nosedived by RMB 400 and RMB 375 per tonne to close at RMB 3,150 per tonne and...
LME aluminium price edges 1.54% higher at US$2740.50/t; SHFE price drops by US$8/t to US$3027/t
LME aluminium opened at US$2,698 per tonne on Thursday, November 25, and closed at US$2,715 per tonne, an increase of US$12 per tonne or 0.44 per cent. LME aluminium cash (bid) price and LME official settlement price surged by US$41.50 per tonne or 1.54 per cent to stand at US$2,739.50 per tonne...
Hindalco grows its aluminium ingot price back-to-back to INR234250/t
Hindalco Industries Limited grew its aluminium ingot and aluminium products prices back-to-back on Wednesday, November 24. The company’s aluminium ingot price came in at INR 234,250 per tonne, seeing an increase of INR 3,250 per tonne from INR 231,000 per tonne on November 23. Hindalco’s aluminium...
Average alumina spot price in China shrinks by RMB 195/t to close at RMB 3,496/t; A00 aluminium ingot price surges by RMB 200/t
On Thursday November 25, the average alumina spot price has plummeted after 4 days of remaining restraint. The recorded price closed at RMB 3,496 per tonne, showing a decrease of 5.28 percent or RMB 195 per tonne, found the Shanghai Metals Market. The average alumina price in Henan has descended by...
NALCO’s aluminium ingot price surges by INR7800/t or 3.5% to INR231,850- 235,350/t w.e.f. November 24
National Aluminium Company Limited (NALCO) has hiked its aluminium ingot and aluminium products prices with effect from Wednesday, November 24, following an intermittent cut on November 19. The latest rise has brought the company’s aluminium ingot price to INR 231,850- 235,350 per tonne versus INR...
LME aluminium price grows for the second straight day to US$2699/t; SHFE price surges to US$3035/t
LME aluminium opened at US$2,673 per tonne on Wednesday and closed at US$2,703 per tonne, an increase of $30.50 per tonne or 1.14 per cent. On Wednesday, November 24, both LME aluminium cash (bid) price and LME official settlement price grew for the second day in a row by US$8 per tonne to stand at...
LME aluminium price surges by 1.41% to close US$2,691/t; SHFE price descends to close at US$2,995/t
LME aluminium opened at $2,689 per tonne on Tuesday and closed at $2,672.5 per tonne, a drop of $22.5 per tonne or 0.83 percent. LME aluminium cash (bid) price moved up US$37 per tonne or by 1.39 percent to total at US$2,690 per tonne, as of Tuesday, November 23. LME aluminium official settlement...
A00 aluminium ingot price drops by RMB50/t after three days of hike in a row; Aluminium alloys(ADC12) price shrinks to RMB20,300/t
After the three consecutive days of hike from RMB 18,340 per tonne to RMB 19,170 per tonne, A00 aluminium ingot price in China has recorded a drop of RMB 50 per tonne on Wednesday, November 24, to come in at RMB 19,120 per tonne. According to the Shanghai Metals Market, the average prices are...
