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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Yunnan in China removes preferential electricity pricing for aluminium producers to control power consumption
Southwest China’s Yunnan province, one of the country’s largest aluminium-producing areas, has reportedly removed preferential electricity pricing for electrolytic aluminium producers to control power consumption amid shortages. The news came after the provincial government issued a policy on...
Alumina spot price in China shrinks by RMB87/t to close at RMB4023/t; A00 aluminium ingot price plunges by RMB300/t
The average alumina spot price in China has continued to decline to stand at RMB 4,023 per tonne on Wednesday, November 3. According to the Shanghai Metals Market, the price has decreased by RMB 87 per tonne compared to the drop of RMB 9 per tonne on the previous day. In Shanxi and Henan, the...
LME aluminium price falls 1.2% to settle at US$2680/t; SHFE benchmark price shrinks by US$38/t
LME aluminium opened at US$2,722 per tonne on Tuesday morning and closed at US$2,680 per tonne, down $39.50 per tonne or 1.45 per cent. On Monday, November 2, LME aluminium cash (bid) price shrank by US$ 33.50 per tonne or 1.24 per cent to stand at US$ 2,679 per tonne, while LME aluminium official...
Lack of barley, shortage of aluminium accelerate beer prices
The third most popular drink overall after water and tea is beer and it is becoming more expensive in Europe. The largest brewery group in Germany, the Radeberger Group made public that it will raise prices for both the hospitality and retail trade from spring due to the surge in the price of...
Arconic reports 5% growth in revenue for 3Q2021 on higher LME aluminium price; Sales improve 5% to $1.9 billion
Arconic Corporation, an American industrial company specialized in lightweight metals engineering and manufacturing, has reported the third-quarter results of 2021, revealing a 34 per cent hike in sales year-on-year to $1.9 billion. On a quarter-on-quarter basis, it grew by only 5 per cent. Net...
Aluminium prices to stay high until next year, owing to high energy cost: Global Analysts
Price of aluminium will stay high until next year, since smelters have been compelled to cut production due to increased energy costs. On Monday, Global analysts stated that, the total price of aluminium in 2021 is expected to stand at US$2,450 per tonne and US$2,300 per tonne in 2022, up from...
Average alumina spot price in China slips by RMB9/t to settle at RMB4110/t; A00 aluminium ingot price declines by RMB130/t
The average alumina spot price in China has slipped by RMB 9 per tonne on November 2 after over a week-long restraint from October 22 to November 1. According to the Shanghai Metals Market data, the average alumina spot price has come in at RMB 4,110 per tonne as of November 2. In Henan and Shanxi,...
LME aluminium ascends by 0.66% to US$2,713/t; SHFE price increases by US$12
Three-month LME aluminium opened at US$2,742 per tonne yesterday and closed at US$2,719.5 per tonne, down 0.51 percent. On Monday, November 1, LME aluminium cash (bid) price soars up by US$18 or by 0.66 percent to stand at US$2,712.50 per tonne. LME aluminium official settlement price also ascended...
Top Newsmakers for October 2021: Global power crisis spins aluminium prices to cross $3,000 per tonne; The Netherlands only primary aluminium maker halting production from October 11 due to electricity prices
The global aluminium industry observed several enticing events in the month of October 2021. The interim President of Guinea with the authorities has set up an Audit Committee that will be responsible for scrutinizing the financial misconduct of the Alpha Condé regime majorly of the bauxite mining...
LME aluminium descends by 0.95% to US$2,695/t; SHFE price decreases by US$40
LME aluminium opened at US$2,749 per tonne last Friday morning and closed at US$2,733.5 per tonne, down US$14.5 per tonne or 0.53 percent. Both LME aluminium cash (bid) price and LME aluminium official settlement price decreased by US$26 or by 0.95 percent to total at US$2,694.50 per tonne and...
China’s A00 aluminium ingot price opens the week higher at RMB20240/t; Aluminium alloy (A356) price climbs RMB100/t
A00 aluminium ingot price in China has increased by RMB 40 per tonne to stand at RMB 20,240 per tonne on Monday, November 1, found the Shanghai Metals Market. The average prices are expected to range between RMB 20,220 per tonne and RMB 20,260 per tonne, with average prices likely to range between...
Primary Aluminium Weekly Recap: QAMCO reports highest ever quarterly net profit of QR233 million for 3Q2021; NALCO slashes aluminium ingot price by INR19100/t
This week has been a week for quarterly updates from many stalwart primary aluminium companies such as Hydro, Qamco, Chalco, and Vedanta. Hydro announced that in 3Q2021, it produced 573,000 tonnes of primary aluminium, which was 2 per cent up from 561,000 tonnes in Q2 2021 and 10 per cent higher...
Improved commodity prices, higher aluminium volumes braced Vedanta’s Q2 profit to upswing fivefold
The Indian commodities magnate Anil Agarwal chaired Vedanta Ltd. publicized a consolidated net profit of INR 4,615 crore in the July-September quarter, which reveals an upswing by more than five times from the corresponding period previous year at INR 838 crore on a low-base effect. Consecutively,...
LME aluminium price losses US$222/t this week to close at US$2695/t; SHFE price shrinks to US$3184/t
LME aluminium benchmark price shrunk by US$222 per tonne throughout the week ended October 29, 2021. LME aluminium cash (bid) price and LME official settlement price started the week on Monday, October 25, at US$2,916.50 per tonne and US$2,917 per tonne. They both plunged on October 26 for the...
Hindalco Industries Limited further cuts its aluminium wire rod price significantly by INR11000/t
Hindalco Industries Limited again cut its aluminium products prices significantly, with effect from Thursday, October 28. Hindalco’s aluminium wire rod price came in at INR 247,850 per tonne after being plunged by INR 11,000 per tonne or 4.25 per cent from INR 258,850 per tonne on October 27....
Hydro’s primary aluminium production in 3Q2021 grows 2% to 573,000 tonnes; EBITDA from primary aluminium totals NOK4,263 million
Hydro has announced in its 3Q2021 results that it produced 573,000 tonnes of primary aluminium in the said period. That was up by 2 per cent from 561,000 tonnes in Q2 2021 and 10 per cent higher than 522,000 tonnes in Q3 2020. Backed on the increase in production and surge in LME aluminium price,...
China plans to peak carbon emissions by 2030, more shortfalls anticipated: Industry analysts
The Chinese power intense metals manufacturing sector straps under the oppression of a national power catastrophe, while the govt. sustains a restriction on smelting to achieve emissions targets. Besides the retrench of magnesium production, the other most power-intensive metal aluminium...
LME aluminium increases by 0.62% to US$2,721/t; SHFE price ascends by US$124
On Thursday, October 28, both LME aluminium cash (bid) price and LME aluminium official settlement moved up by US$17 or by 0.62 percent to close at US$2,720.50 per tonne and US$2,721 per tonne respectively. 3-month bid price and 3-month offer price ascended to US$2,732 per tonne and US$2,733 per...
