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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Primarily Aluminium Weekly: Global power crisis spins aluminium prices to cross $3,000 per tonne; Nalco shares boost 7% following Rakesh Jhunjhunwala 1.36% stake disclosure
On 11th October 2021, the London Metal Exchange witnessed the surge of aluminium price as it crossed the $3000 per tonne mark, the highest since July 2008. The mounting pressure on the aluminium sector indicated, as the global metals world prepared to gather in London for the annual LME Week....
Hulamin’s share price jumps 25% ensuing it issued a cautionary
The Pietermaritzburg, South Africa based company that specialises in rolled aluminium products for precision and high technology applications, Hulamin’s stock prices climbed to a 25% rise in the morning trade of 14 th October 2021, following the metal company issued a cautionary that it has set...
LME aluminium price closes at a new milestone this week at US$3163/t; SHFE price settles at US$3657/t
The LME aluminium benchmark price opened the week on Monday, October 11, at a new milestone of US$3,020 per tonne, a sharp increase of US$118 per tonne from the previous day. The price continued to grow throughout the week to end at US$3,163 per tonne on Friday, October 15. During October 12-14,...
Nalco shares boost 7% following Rakesh Jhunjhunwala 1.36% stake disclosure
The shares of the Govt. of India equity hold majority enterprise, National Aluminium Company Ltd (NALCO) has aroused by approximately 7% following its shareholding pattern data for September quarter revealed an expert investor Rakesh Jhunjhunwala stake. The Government of India holds 51.28% in...
LME aluminium price ascends by 2.47% to US$3,152/t; SHFE price increases by US$54
Three-month LME aluminium opened at US$3,055 per tonne on Thursday morning and ranged between US$3,028-3,174 per tonne before closing at US$3,139 per tonne, up US$84 per tonne or 2.75 percent. On Thursday, October 14, LME aluminium cash (bid) price climbed up by US$76.5 or by 2.48 percent to settle...
China’s A00 aluminium ingot price soars by RMB420/t to close at RMB23650/t; Alumina spot price exceeds RMB4000/t
A00 aluminium ingot price in China has soared by RMB 420 per tonne to close the week at RMB 23,650 per tonne on October 15, found the Shanghai Metals Market. The average prices are expected to range between RMB 23,630 per tonne and RMB 23,670 per tonne, with spot contract to be traded at a premium...
Mounting aluminium prices narrowing profit for fabricators: Shandong Nanshan Aluminium
On 14 th October 2021, the Chairman of Shandong Nanshan Aluminium Co, Lu Zhengfeng stated that in 2021, the Chinese aluminium processors experience diminishing profits anticipated to mounting metal prices. The metal aluminium that is utilised in making of beverage cans to aeroplanes, witnessed a...
Aluminium varieties price remains stable despite power rationing
The coup in Guinea, a country rich in bauxite, in early September sparked market fears about a shortage of raw materials. Due to the dual control of energy use and the steep rise in coal costs, coupled with power rationing measures, the domestic power supply is tightening. The most actively traded...
LME aluminium price soars up by 0.78% to US$3,076/t; SHFE price moves down by US$66
Three-month LME aluminium opened at US$3,040 per tonne on Wednesday morning and ranged between US$2,996-3,118.5 per tonne before closing at US$3,055 per tonne a drop of US$11 per tonne or 0.36 percent. On Wednesday, October 13, LME aluminium cash (bid) price ascended by US$24 or by 0.78 percent to...
A00 aluminium ingot price slips by RMB70/t to settle at RMB23,230/t; Aluminium alloy(A356) price closes lower at RMB27,350/t
According to the Shanghai Metals Market, A00 aluminium ingot price in China has slipped by RMB 70 per tonne on Thursday, October 14, to come in at RMB 23,230 per tonne. The average prices are expected to range between RMB 23,210 per tonne and RMB 23,250 per tonne, with spot contract to be traded at...
LME aluminium price moves up by 1.05% to US$3,052/t; SHFE price increases by US$58
Three-month LME aluminium rose 0.79 percent to end at US$3,066 per tonne last night. On Tuesday, October 12, both LME aluminium cash (bid) price and LME aluminium official settlement price increased by US$32 or by 1.05 percent to settle at US$3,051 per tonne and US$3,052 per tonne. 3-month bid...
A00 aluminium ingot price rises by RMB90/t to settle at RMB23330/t; Aluminium alloy (A356) price soars to RMB27450/t
A00 aluminium ingot price witnessed a third-day rise in price as of the week. According to SMM, the primary aluminium ingot price has soared by RMB 90 per tonne to come in at RMB 23,330 per tonne. However, the average prices are expected to range between RMB 23,280 per tonne and RMB 23,320 per...
LME aluminium price touches milestone at US$3,020/t; SHFE price surges by US$35
Three-month LME aluminium opened at US$2,958.5 per tonne yesterday and closed at US$3,042 per tonne, up 2.79 percent. On Monday, October 11, LME aluminium cash (bid) price moved up US$117.5 or by 4.04 percent to record at US$3,019 per tonne. LME aluminium official settlement price soared up by...
Global power crisis spins aluminium prices to cross $3,000 per tonne
The high power-intensive produced metal aluminium escalated to new heights since 2008, as the global power distress plunges the metal supplies utilized for the manufacturing of beverage cans to world-class mobile phones. The metal aluminium consumes around 14-megawatt hours of power for one-tonne...
Alumina price in China climbs RMB91/t to settle at RMB3884/t; A00 aluminium ingot price exceeds RMB23000/t yet again
The average alumina spot price in China has hiked by RMB 91 per tonne on Tuesday, October 12, following restraint at RMB 3,884 per tonne from October 8 to October 11. According to the Shanghai Metals Market, the increase has brought the alumina spot price to RMB 3,975 per tonne. In Henan and...
A00 aluminium ingot price in China grows by RMB180/t over the weekend; Aluminium alloy(A356) price expands to RMB26,950/t
After remaining restrained on Friday at RMB 22,630 per tonne, A00 aluminium ingot price has opened the week on Monday, October 11, with a hike of RMB 180 per tonne to stand at RMB 22,810 per tonne, found the Shanghai Metals Market. The average prices are likely to range between RMB 22,790 per tonne...
LME aluminium price moves down by 0.48% to US$2,902/t; SHFE price increases by US$14
Three-month LME aluminium opened at US$2,943 per tonne last Friday and closed at US$2,959 per tonne, up 0.59 percent. Both LME aluminium cash (bid) price and LME official settlement price reduced by US$14 or by 0.48 percent to settle at US$2,901.50 per tonne and US$2,902 per tonne. 3-month bid...
Downstream Products weekly Recap: Hong Leong anticipates rosy earnings prospects for Press Metal Aluminium in FY2022-23; BAGR Berliner Aluminumwerk appoints Oleg Hoffmann as new Managing Director
The week witnessed some major events in the global aluminium industry’s downstream segment. German aluminium precision expertise alimex GmBH joins ASI as Production & Transformation member. UK Trade Remedies Authority to investigate aluminium road wheels imports from China to decide anti-dumping...
