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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LME aluminium price descends by 1.66% to US$3,014/t; SHFE price drops by US$215
LME aluminium opened at US$3,093.5 per tonne on Thursday morning and closed at US$2,903 per tonne, down US$194 per tonne or 6.26 percent. LME aluminium cash (bid) price decreased by US$51.5 or by 1.68 percent to settle at US$3,013 per tonne. LME aluminium official settlement price also moved down...
A00 aluminium ingot price in China nosedives by RMB1440/t to stand below RMB22000/t; Aluminium alloy (A356) price settles at RMB25750/t
After an intermittent rise of RMB 220 per tonne on October 21, A00 aluminium ingot price in China has again decreased sharply to close the week below RMB 22,000 per tonne. The Shanghai Metals Market data has found that the primary aluminium ingot price has plummeted by RMB 1,440 per tonne on...
LME aluminium price decreases by 3.49% to close at US$3,064.50/t; SHFE price moves down by US$13
Three-month LME aluminium closed at US$3,097 per tonne, down 0.19 percent or US$6 per tonne. On Wednesday, October 20, both LME aluminium cash (bid) price and LME aluminium official settlement price moved down by US$111 or by 3.49 percent to total at US$3,064.50 per tonne and US$3,065 per tonne....
China’s average alumina spot price continues to rise by RMB14/t; Imported bauxite price grows by US$2/t after a year-long restraint
The average alumina spot price in China has continued to rise by RMB 14 per tonne to reach RMB 4,105 per tonne on Thursday, October 21, found the Shanghai Metals Market. Except in Guangxi, the alumina price in Henan and Shanxi has increased by RMB 15 per tonne to stand at RMB 4,135 per tonne. The...
Scarcity of aluminium foil may disrupt drug supply chain
Scarcity of aluminium foil, along with the increase in its price, may cause shortage of many important medications, since their production has become unprofitable. The pricing of 680 scheduled medication formulations are regulated by the National Pharmaceutical Pricing Authority. The wholesale...
LME aluminium price descends by 0.12% to US$3,176/t; SHFE price decreases by US$125
Three-month LME aluminium closed at US$3,170 per tonne, down 0.16 percent. LME aluminium cash (bid) price descended by US$3.5 or by 0.11 percent to close at US$3,175.50 per tonne. LME aluminium official settlement price decreased by US$4 or by 0.12 percent to total at US$3,176 per tonne. 3-month...
China’s A00 aluminium ingot price sharply falls by RMB1120/t amid a gain in alumina price; Aluminium alloy(A356) price plummets by RMB1100/t
After hiking for the last three days exceeding RMB 24,000 per tonne, A00 aluminium ingot price in China has recorded a sharp fall of RMB 1,120 per tonne to come at the level of RMB 23,000 per tonne. According to the Shanghai Metals Market data, A00 aluminium ingot price has settled at RMB 23,120...
Hindalco’s aluminium billets price further gains INR2500/t to stand at INR287600/t on October 19
Hindalco Industries Limited has continued to increase its aluminium products prices, in line with the continuous rise in LME aluminium benchmark price. With effect from Tuesday, October 19, Hindalco’s aluminium billets price stood at INR 287,600 per tonne, up by INR 2,500 per tonne from INR 285,100...
US aluminium producers sent an alert on output curbs due to magnesium crisis
The aluminium industry is countering the dearth of raw materials for the production of the metal that is utilized in vehicle manufacturing and building supplies sends an alert for distress in supply that has propelled US prices to an all-time peak. The biggest aluminium billet producer in the...
A00 aluminium ingot price in China grows for the third consecutive day to RMB24240/t; Aluminium alloy (A356) price gains RMB100/t
A00 aluminium ingot price in China has extended its growth for the third day in a row to reach RMB 24,240 per tonne on October 19. According to the Shanghai Metals Market, the price has grown by RMB 140 per tonne. The average prices are expected to range between RMB 24,220 per tonne and RMB 24,260...
LME aluminium price ascends by 0.53% to US$3,180/t; SHFE price increases by US$54
Three-month LME aluminium closed at US$3,170 per tonne, down 0.16 percent. On Monday, October 18, both LME aluminium cash (bid) price and LME aluminium official settlement price increased by US$17 or by 0.53 percent to settle at US$3,179 per tonne and US$3,180 per tonne. 3-month bid price and...
NALCO’s aluminium ingot price sees a surge of INR24300/t or 10% W-o-W in line with a new leap of LME aluminium price
National Aluminium Company Limited has significantly increased its aluminium ingot and aluminium products prices, in line with a new leap of LME aluminium benchmark price. With effect from Friday, October 15, NALCO’s aluminium ingot price came in at INR 271,850-275,350 per tonne, up by INR 24,300...
Hindalco’s aluminium wire rod price soars by INR5750/t to be sold at INR285,600/t w.e.f. October 18
Hindalco Industries Limited has sharply increased its aluminium products prices with effect from Friday, October 15. The company’s aluminium wire rod price has seen a surge of INR 5,750 per tonne to come in at INR 285,600 per tonne. On October 14, the price stood at INR 279,850 per tonne, up by INR...
A00 aluminium ingot price exceeds RMB24000/t on October 18; Aluminium alloy (A356) price soars by RMB500/t
A00 aluminium ingot price in China has touched a new milestone by exceeding RMB 24,000 per tonne, found the Shanghai Metals Market. On Monday, October 18, the price has jumped by RMB 450 per tonne to come in at RMB 24,100 per tonne. The average prices are expected to range between RMB 24,080 per...
LME aluminium price increases by 0.34% to US$3,163/t; SHFE price surges by US$80
Three-month LME aluminium opened at US$3,127 per tonne last Friday and closed at US$3,175 per tonne, up 1.15 percent. LME aluminium cash (bid) price moved up by US$10.5 or by 0.33 percent to score at US$3,162 per tonne. LME aluminium official settlement price for the same day ascended by US$11 or...
Aluminium extruder China Zhongwang reports financial distress at Hong Kong bourse
On 15 th October, the aluminium products producer China Zhongwang Holdings Co. stated that it had been alerted of acute distress at two subsidiary companies following the Chinese prices for the silvery shining metal attained a 15-year record high. Liaoyang Zhongwang Superior Aluminium Fabrication...
Downstream Weekly Recap: European Aluminium Association strongly oppose suspension of anti-dumping duties; Mounting aluminium prices narrowing fabricators profit
The global aluminium downstream market essentially remained muted this week except a few important updates. For instance, European Aluminium Association has strongly opposed the 9-month suspension of definitive anti-dumping duties on Chinese aluminium flat-rolled products. European Aluminium is...
AMAG announces record breaking earnings in Q3 2021 with EBIDTA of 53 million
In the first nine months of 2021, the AMAG group set new revenue and earnings records. The key reasons for this were consistent production results, increased export quantities, and a competitive aluminium pricing. AMAG is a major Austrian premium provider of high-quality aluminium cast and flat...
