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 A00 aluminium ingot price jumps RMB860/t to stand above RMB20,000/t; Aluminium alloy(A356) price gains RMB800/t
A00 aluminium ingot price in China has jumped by RMB 860 per tonne to stand at RMB 20,200 per tonne on Friday, October 29, following incessant declines since October 22 from RMB 23,340 per tonne to RMB 19,340 per tonne, found the Shanghai Metals Market. The average prices are expected to range...
NALCO continues to slash its aluminium ingot price by INR19100/t in line with M-o-M downfall of LME aluminium price
National Aluminium Company Limited (NALCO) has yet again cut its aluminium ingot price significantly, with effect from Thursday, October 28. In tandem with the incessant decline in LME aluminium benchmark price, NALCO has reduced its ingot price by INR 19,100 per tonne from INR 253,350-256,850 per...
LME aluminium price records a sharp fall of US$127/t to US$2704/t; SHFE price plunges by US$184/t
Three-month LME aluminium opened at US$2,835 per tonne on Wednesday morning and closed at US$2,665.50 per tonne, down US$166.50 per tonne or 5.88 per cent. LME aluminium cash (bid) price and LME aluminium official settlement price have recorded a sharp fall of US$127 per tonne to stand at...
China’s A00 aluminium ingot price continues to fall sharply by RMB1140/t; Aluminium alloy (A356) price comes below RMB23000/t
A00 aluminium ingot price in China has nosedived by RMB 1,140 per tonne to come below RMB 20,000 per tonne on October 28. According to the Shanghai Metals Market, the price is standing at RMB 19,340 per tonne, with average prices likely to range between RMB 19,320 per tonne and RMB 19,360 per...
Hindalco sharply cuts its aluminium billets price by INR6500/t in tandem with sixth consecutive fall of LME aluminium price
On Wednesday, October 27, Hindalco Industries Limited has slashed its aluminium products prices, in line with the sixth consecutive day of LME aluminium price fall. The company has reduced its aluminium billets price by INR 6,500 per tonne to INR 258,350 per tonne. On the previous day, the price...
LME aluminium price nosedives by US$86/t to stand at US$2831/t; SHFE price declines by US$37/t
Three-month LME aluminium opened at US$2,893 per tonne on Tuesday morning and closed at US$2,832 per tonne, down US$64.50 per tonne or 2.23 per cent. LME aluminium cash (bid) price and LME aluminium official settlement price plunged for the sixth day in a row by US$86 per tonne to stand at...
A00 aluminium ingot price in China shrinks by RMB380/t; Aluminium alloy (A356) price comes below RMB24000/t
A00 aluminium ingot price in China has registered a decline yet again by RMB 380 per tonne to stand at RMB 20,480 per tonne on Wednesday, October 27, found the Shanghai Metals Market. The average prices are expected to range between RMB 20,460 per tonne and RMB 20,500 per tonne, with spot contract...
Growing aluminium prices succoured Chalco to book the finest profit in 8 years
On 26 th October 2021, the Chinese company listed in Hong Kong and in New York bourse, Aluminum Corp of China Ltd stated that its quarterly net profits in July-September leapt more than five-fold Y-o-Y, swiping to highest since late 2013 on the shoulders of booming aluminium and alumina prices. The...
Hindalco Industries continues to reduce aluminium prices by INR5250/t with effect from October 23
Hindalco Industries Limited has decreased its aluminium products and aluminium ingot prices with effect from Saturday, October 23, bringing its aluminium wire rod price to INR 267,100 per tonne. That was down by INR 5,250 per tonne or 1.93 per cent from INR 272,350 per tonne on October 22....
Aluminium scarce related to magnesium supply deficiency from China, says AMAG chief
The raw material required for the production of metal aluminium is experiencing a dearth, while the price of the green metal has towered to sevenfold in a short span and the consumers will get the heat sooner or later, as stated by Adolf Kerbl, the Managing Director of the Foundry Industry...
China’s A00 aluminium ingot price descends for the third day in a row to RMB 20,860/t; Aluminium alloy (A356) price slumps by RMB1000/t
A00 aluminium ingot price in China has continued to decline for the third day in a row by a significant amount of RMB 790 per tonne to stand at RMB 20,860 per tonne on October 26, found the Shanghai Metals Market. The average prices are expected to range between RMB 20,840 per tonne and RMB 20,880...
LME aluminium price decreases by 0.98% to US$2,917/t; SHFE price moves down by US$127
Three-month LME aluminium rose 0.75 percent to end at US$2,896.5 per tonne on Monday. On Monday, October 25, both LME aluminium cash (bid) price and LME aluminium official settlement price descended by US$29 or by 0.98 percent to total at US$2916.5 per tonne and US$2,917 per tonne. SHFE Aluminium...
QAMCO records highest quarterly net profit of QR233 million during 3Q2021, buoyed by strong aluminium pricing
Qatar Aluminium Manufacturing Company (QAMCO) has announced the highest ever quarterly net profit of QR233 million during Q3 2021, ended September 30, as it has reaped the benefit of strong aluminium pricing amid renewed demand and restrained supply. That brought the total net profit to QR521...
A00 aluminium ingot price plunges by RMB250/t to settle at RMB21650/t; Aluminium alloy (A356) price closes lower at RMB25350/t
A00 aluminium ingot price in China has opened the week with a plunge of RMB 250 per tonne on Monday, October 25, to stand at RMB 21,650 per tonne, found the Shanghai Metals Market. The average prices are expected to range between RMB 21,630 per tonne and RMB 21,650 per tonne, with average prices...
LME aluminium price decreased by 2.25% to US$2,946/t; SHFE price descends by US$30
LME aluminium opened at US$2,912.5 per tonne last Friday morning and closed at US$2,875 per tonne, down US$28 per tonne or 0.96 percent. LME aluminium cash (bid) price moved down by US$67.5 or by 2.24 percent to close at US$2,945.50 per tonne. LME aluminium official settlement price descended by...
NALCO sharply reduces its aluminium ingot price by INR18500/t or 6.8% with effect from October 23
National Aluminium Company Limited has sharply reduced its aluminium ingot and aluminium products prices with effect from Saturday, October 23, following a significant rise of INR 24,300 per tonne on October 15. With the latest cut, NALCO’s aluminium ingot price has come in at INR 253350-256850 per...
Primary Aluminium Weekly Recap: Indian aluminium producers consuming expensive power from grid due to coal shortage; A00 aluminium ingot price in China comes below RMB22,000/t
Coal shortage continues to be a matter of concern for the Indian aluminium industry this week. However, Indian state-run coal exploitation and refining company, Coal India Limited (CIL) has clarified that the supply dry foil fuel to the non-power sector like aluminium, steel, etc. has been...
Hindalco’s aluminium ingot price plummets by INR10,500/t in line with two consecutive falls in LME aluminium price
Hindalco Industries Limited has sharply cut its aluminium ingot and aluminium products prices with effect from Friday, October 21, following several growths until October 19. Hindalco’s aluminium ingot price has shrunk by INR 10,500 per tonne from INR 277,000 per tonne to INR 266,500 per tonne. The...
