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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China’s alumina spot price shrinks to RMB3712/t; Bauxite price in Henan slips by RMB12.50/t after a month-long restraint
The average alumina spot price in China has decreased for the second day in a row on Wednesday, November 17, found the Shanghai Metals Market. Data shows the price has slipped by RMB 54 per tonne to come in at RMB 3,712 per tonne. In Shandong, alumina spot price has plunged by RMB 125 per tonne to...
NALCO hikes its aluminium ingot price by INR10500/t or 4.7% with effect from November 16
National Aluminium Company Limited (NALCO) has hiked its aluminium ingot and aluminium product prices for the second time in a row, with effect from Tuesday, November 16. The company’s aluminium ingot price has come in at INR 230,350-233,850 per tonne after being sharply increased by INR 10,500 per...
LME aluminium price descends by US$49.5/t to close at US$2,628.50/t; SHFE price plummets by US$98/t
Three-month LME aluminium opened at US$2,636.5 per tonne yesterday and closed at US$2,573 per tonne, a decrease of US$61.5 per tonne or 2.33 percent. On Tuesday, November16, LME aluminium cash (bid) price plunged down by US$50 per tonne or by 1.86 percent to stand at US$2,627.50 per tonne. LME...
A00 aluminium ingot price in China further dips by RMB250/t to RMB18940/t; Aluminium alloy (A356) price shrinks by RMB300/t
A00 aluminium ingot price in China on 16 th November has revealed a further dip of RMB 250 per tonne to RMB 18,940 per tonne, while the average prices are likely to range between RMB 18,920 per tonne and RMB 18,960 per tonne. The spot contract is estimated to be traded at a premium price of RMB...
LME aluminium price grows by US$2/t to stand at US$2,678/t; SHFE price decreases by US$46/t
LME aluminium fell US$62.5 per tonne or 2.32 percent to settle at US$2,634 per tonne with open interest rising 4,522 lots to 708,000 lots. Both LME aluminium cash (bid) price and LME aluminium official settlement price ascended by US$2 per tonne or by 0.07 percent to close at US$2,677.50 per tonne...
Hindalco grows its aluminium ingot price for the second straight day to INR233000/t w.e.f. November 13
Hindalco Industries Limited increased its aluminium ingot and aluminium products prices for the second straight day on Saturday, November 13. That brought the company’s aluminium ingot price to INR 233,000 per tonne, up by INR 2,500 per tonne from INR 230,500 per tonne on November 12. Hindalco’s...
A00 aluminium ingot price in China falls by RMB240/t to RMB19190/t; Aluminium alloys prices shed RMB100/t
A00 aluminium ingot price in China has opened the week on November 15 with a downfall of RMB 240 per tonne after two consecutive days of hike from RMB 18,510 per tonne to RMB 19,430 per tonne. According to the Shanghai Metals Market, the price is currently standing at RMB 19,190 per tonne, with...
LME aluminium price ascends by US$30.5/t to stand at US$2,676/t; SHFE price descends by US$13
Three-month LME aluminium opened at US$2,663.5 per tonne last Friday and closed at US$2,697 per tonne, up US$40 per tonne or 1.51 percent. On Friday, November 12, LME aluminium cash (bid) price increased by US$30.5 per tonne or by 1.15 percent to stand at US$2,675.50 per tonne. LME aluminium...
LME aluminium price ends the week higher at US$2676/t; SHFE price surges by US$71/t to exceed US$3000/t
LME aluminium cash (bid) price and LME official settlement price opened this week on Monday, November 8, at US$2,530 per tonne and US$2,530.50 per tonne, respectively, growing by US$40 per tonne or 1.61 per cent from the previous day. On Tuesday, November 9, they grew further to settle at US$2,581...
Hindalco hikes its aluminium billets and wire rod prices by INR8250/t or 3.5% with effect from November 12
Hindalco Industries Limited has increased its aluminium products and aluminium ingot prices on Friday, November 12, following a cut on the previous day. The company’s aluminium billets price has come in at INR 241,100 per tonne on November 12, up by INR 8,250 per tonne or 3.54 per cent from the...
A00 aluminium ingot price in China soars by RMB630/t to exceed RMB19000/t; Aluminium alloy (A356) price climbs by RMB600/t
A00 aluminium ingot price in China has soared by RMB 630 per tonne on November 12, marking the second consecutive day of hike. According to the Shanghai Metals Market, the price is standing at RMB 19,430 per tonne, with average prices likely to range between RMB 19,410 per tonne and RMB 19,450 per...
LME aluminium price surges by US$91.5/t to close at US$2645.5/t; SHFE price exceeds US$3000/t
Three-month LME aluminium opened at US$2,575 per tonne on November 11 and closed at US$2,657 per tonne, an increase of US$79 per tonne or 3.06 per cent. On Thursday, November 11, LME aluminium cash (bid) price and LME official settlement price surged by US$92 per tonne and US$91.50 per tonne,...
NALCO grows its aluminium ingot price by INR3700/t w.e.f. November 11 after three consecutive cuts
National Aluminium Company Limited (NALCO) has increased its aluminium ingot and aluminium products prices with effect from November 11, following three consecutive cuts since October 25. The latest hike has brought the company’s aluminium ingot price to INR 219,850-223,350 per tonne versus INR...
Hindalco Industries’ aluminium wire rod price sees a rise of INR3500/t with effect from November 10, 2021
After a sharp cut on November 9, Hindalco Industries Limited increased its aluminium products prices by INR 3,500 per tonne, with effect from November 10. Thus, the company is now selling its aluminium wire rod price at INR 234,850 per tonne versus INR 231,350 per tonne on November 9. Hindalco’s...
LME aluminium price settles higher at US$2554/t; SHFE price grows by RMB28/t to US$2951/t
Three-month LME aluminium opened at US$2,563.50 per tonne on November 10 and closed at US$2,548 per tonne, an increase of 0.62 per cent. On Wednesday, November 10, LME aluminium cash (bid) price and LME official settlement price decreased by US$28 per tonne to settle at US$2,553 per tonne and...
A00 aluminium ingot price in China records a hike of RMB290/t to RMB18800/t; Aluminium alloys (ADC12) price gains RMB50/t
A00 aluminium ingot price in China has increased by RMB 290 per tonne to stand at RMB 18,800 per tonne on Thursday, November 11, following a plunge of RMB 440 per tonne on the previous day. SMM data shows the average prices are expected to range between RMB 18,780 per tonne and RMB 18,820 per...
“Demand for aluminium expected to grow moving forward driven by ESG”, says Press Metal Chief Executive
The demand for aluminium is anticipated to remain robust in the future aligned with widening efforts to protect the environment by most countries in the world through the application of environmental, social and governance (ESG) initiatives. Tan Sri Koon Poh Keong, the CEO of Press Metal Aluminum...
Vedanta’s aluminium ingot price hovers around INR224000-237000/t on November 10, 2021
Vedanta Limited is selling its aluminium ingot price at INR 224,000-237,000 per tonne as of November 10, 2021. Among aluminium products prices, the company’s aluminium wire rod price has come in at INR 231,500- 239,000 per tonne, while aluminium billets price is standing at INR 232,000 per tonne....
