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 Industries increases its aluminium billets selling price by INR4500/t after two days of decline
Hindalco Industries Limited has grown its aluminium products and aluminium ingot prices with effect from Tuesday, November 23, following two consecutive days of cut on November 17 and 19. Hindalco has increased its aluminium billets price by INR 4,500 per tonne to INR 241,600 per tonne on November...
Rapid rise in SHFE/LME aluminium price ratio in October dents China’s extrusion exports, customs data
China customs data has reported an 8 per cent month-on-month downfall in the country’s aluminium extrusion exports in October 2021. As per the data, the exports stood at 74,400 tonnes in the said month, which also reflected a 4 per cent year-on-year fall. The decline in exports could be attributed...
A00 aluminium ingot price in China surges for the third day in a row to RMB19170/t; Aluminium alloy (A356) price builds-up RMB200/t
According to the Shanghai Metals Market, A00 aluminium ingot price in China has increased for the third day in a row by RMB 250 per tonne to stand at RMB 19,170 per tonne on Tuesday, November 23. The average prices are estimated to range between RMB 19,150 per tonne and RMB 19,190 per tonne, with...
LME aluminium price declines by US$7.5/t to close at US$2653.5/t; SHFE price grows for the fourth straight day to US$3002/t
Three-month LME aluminium rose 0.45 per cent to end at US$2,695 per tonne on overnight. On Monday, November 22, both LME aluminium cash (bid) price and LME official settlement price decreased by US$7.50 per tonne to stand at US$2,653 per tonne and US$2,653.50 per tonne, respectively. But 3-month...
Hindalco’s aluminium wire rod and billets prices undergo a cut of INR2750/t with effect from November 19
Hindalco Industries Limited continued to reduce its aluminium products and aluminium ingot prices on Friday, November 19, in line with the LME aluminium benchmark price fall. Hindalco’s aluminium wire rod price came in at INR 237,600 per tonne on November 19 after being declined by INR 2,750 per...
Bauxite (4.5≤Al/Si＜5.5) price in Shanxi drops by RMB7.5/t to RMB492.5/t; But A00 aluminium ingot price jumps by RMB390/t
According to the Shanghai Metals market, bauxite (4.5≤Al/Si＜5.5) price in Shanxi has dropped by RMB 7.5 per tonne on Monday, November 22, to come in at RMB 492.50 per tonne. The average prices are likely to range between RMB 480-505 per tonne. The decline followed two consecutive days of restraint...
Vietnam holds 1.8 million tonnes of aluminium worth $5 billion amid the global crisis
The top aluminium producer of the world, China which has created the popularity of the metal is now countering environmental issues, driving the nation’s metal supply through a drastic crisis and this has fuelled the escalation of prices globally. However, to append to the hardship, there are 1.8...
LME aluminium price surges by US$53.5/t to US$2661/t after three days of decline; SHFE price soars by US$78/t
LME aluminium opened at US$2,621 per tonne last Friday and ranged between US$2,619-2,697.50 per tonne before closing at US$2,683 per tonne, an increase of US$59 per tonne or 2.25 per cent. On Friday, November 19, LME aluminium cash (bid) price and LME official settlement price jumped by US$53.50...
NALCO’s aluminium ingot and products prices see a downfall of INR6300/t after two hikes in a row
After two consecutive hikes since November 11, National Aluminium Company Limited reduced its aluminium ingot and aluminium products prices with effect from Friday, November 19. The decrease could be attributed to the decline in LME aluminium benchmark price during November 16-18. NALCO’s aluminium...
Primary aluminium weekly recap: Aluminium smelter explosion in China’s Yunnan province fuels surge in price of the metal; Scottish Govt. compelled to unveil the guarantee provided to Sanjeev Gupta’s GFG Alliance
The global primary aluminium segment has been in the spotlight this week due to a number of events. To begin with, Ali Al Baqali, the Chief Executive Officer of Aluminium Bahrain B.S.C. (Alba), received the 'People First Leader Award' at the GCC GOV HR Awarding Ceremony 2021 on October 26, 2021. It...
Aluminium smelter explosion in China’s Yunnan province fuels surge in price of the metal
On 19 th November 2021, the prices of aluminium surged as the cloud of supply distress is anticipated following an aluminium smelter in China that ceased its production due to an explosion. The Shanghai Metal Market reported that in China’s Yunnan province, an aluminium smelter with an annual...
LME aluminium price descends by US$20.5/t to settle at US$2,607.50/t; SHFE price soars up by US$9/t
LME aluminium opened at US$2,610 per tonne on Thursday and closed at US$2,624 per tonne, an increase of US$15.5 per tonne or 0.59 percent. On Thursday, November 18, LME aluminium cash (bid) price dropped down by US$20 per tonne or by 0.76 percent to close at US$2,607 per tonne. For the same day,...
Nalco’s production and sales in FY22 will reach record levels: CMD Sridhar Patra
On 18 th November 2021, Sridhar Patra, the Chairman and Managing Director of the Indian state-owned National Aluminium Company (NALCO), mentioned that the production and sales figure in FY22 will reach record levels. The integrated aluminium company declared earnings for the September-ended quarter...
Alumina spot price in China continues to decline for the fourth straight day to RMB3691/t; A00 aluminium ingot price hikes by RMB190/t
The average alumina spot price in China has continued to decrease for the fourth day in a row, found the Shanghai Metals Market. According to SMM data, alumina price has further slipped by RMB 10 per tonne on Friday, November 19, to settle at RMB 3,691 per tonne. In Shanxi and Guangxi, alumina...
Hindalco’s aluminium ingot selling price shrinks by INR3750/t with effect from November 17
After three hikes since November 11, Hindalco Industries Limited has cut its aluminium ingot and aluminium products prices with effect from Wednesday, November 17. The company’s aluminium ingot price has come in at INR 229,250 per tonne, down by INR 3,750 per tonne or 1.61 per cent from INR 233,000...
LME aluminium price decreases by US$0.5/t to close at US$2,628/t; SHFE price moves up by US$22/t
The most-liquid SHFE 2201 aluminium contract increased RMB 90 per tonne to settle at RMB 18,630 per tonne in overnight trading. Three-month LME aluminium rose 1.38 percent to end at US$2,608.5 per tonne last night. Both LME aluminium cash (bid) price and LME aluminium official settlement price...
Alumina spot price in China falls for the third consecutive day by RMB11/t; A00 aluminium ingot price shrinks to RMB18340/t
The average alumina spot price in China has continued to decline for the third day in a row, albeit lower than the previous day, found the Shanghai Metals Market. As per SMM data, the price has decreased by RMB 11 per tonne to stand at RMB 3,701 per tonne on Thursday, November 18. In Guangxi and...
US aluminium producers warn billet output cut due to magnesium and silicon supply shortage
According to the report shared by the Shanghai Metals Market, energy supply constraints due to soaring prices have pushed the United States' aluminium prices to record highs and also led to the shortages of key raw materials such as magnesium and silicon, exacerbating the tight supply situation of...
