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 plunges by 2.12% to US$2,851/t; SHFE market is closed for the National Day holiday
LME aluminium benchmark price edged 2.12 percent lower on Thursday, September 30. Both LME aluminium cash (bid) price and official settlement fell down by US$62 to close at US$2,850.50 per tonne and US$2,851 per tonne, respectively. 3-month bid price and 3-month offer price closed at US$2,866 per...
Hindalco’s aluminium wire rod price amounts to INR260,100/t; sees a rise of INR3500/t on September 30
After two consecutive declines on September 25 and 28, Hindalco Industries Limited has increased its aluminium products and aluminium ingot prices with effect from Thursday, September 30. Hindalco’s aluminium wire rod price has come in at INR 260,100 per tonne, up by INR 3,500 per tonne from INR...
LME aluminium price grows by 0.48% to US$2,913/t; SHFE price steps down by US$30
Three-month LME aluminium opened at US$2,937 per tonne yesterday and closed at US$2,913 per tonne, down by US$19 per tonne or 0.65 percent. On Wednesday September 29, LME aluminium cash (bid) price climbed up by US$14 or 0.48 percent to reach at US$2,912.50 per tonne. LME aluminium official...
A00 aluminium ingot price shrinks by RMB190/t to close at RMB22630/t; Aluminium alloy (A356) price settles lower at RMB26750/t
According to the Shanghai Metals Market, A00 aluminium ingot price has shrunk by RMB 190 per tonne to come in at RMB 22,630 per tonne on Thursday, September 30, following a sharp rise of RMB 330 per tonne on the previous day to RMB 22,820 per tonne. The average prices are expected to range between...
NALCO’s aluminium ingot price sees a rise of INR3500/t with effect from September 25
National Aluminium Company Limited (NALCO) has increased its aluminium ingot and aluminium products prices with effect from Saturday, September 25, after a week it decreased the prices on September 17. With the latest hike, NALCO’s aluminium ingot price has come in at INR 246,350-249,850 per tonne,...
Average alumina spot price in China continues to grow by RMB76/t to stand above RMB3800/t; A00 aluminium ingot price climbs by RMB330/t
According to the Shanghai Metals Market, the average alumina spot price has continued to grow for the third consecutive day to stand above RMB 3,800 per tonne. SMM data shows the price has built up by RMB 76 per tonne to come in at RMB 3,820 per tonne on Wednesday, September 29. The average alumina...
LME aluminium price increases by 0.38% to US$2,899/t; SHFE price moves up by US$47
Three-month LME aluminium rose 1.0 percent to end at $2,932 per tonne on overnight. On Tuesday September 28, both LME aluminium cash (bid) price and LME aluminium official settlement price surged by US$11 or by 0.38 percent to close at US$2,898.50 per tonne and US$2,899 per tonne. 3-month bid price...
Hindalco’s aluminium wire rod and billets prices stand at INR1500/t lower on Sept. 28, reflects LME aluminium price fall
Hindalco Industries Limited has further lowered its aluminium products and aluminium ingot prices on Tuesday, September 28, in line with back-to-back LME aluminium price fall. With effect from September 28, Hindalco has reduced its aluminium wire rod price by INR 1,500 per tonne to INR 256,600 per...
China to release 70,000 tonnes of aluminium from state reserves in the next round of auction
The National Food and Strategic Reserves Administration said on Monday, September 27, that China would put another 150,000 tonnes of industrial metals on auction. China is continuing to release inventories from state reserves to lower metal prices. The next auction, which marks the fourth round...
A00 aluminium ingot price plummets by RMB440/t to close at RMB22490/t; Alumina price gains RMB11/t to RMB3744/t
On Tuesday, September 28, A00 aluminium ingot price has plummeted by RMMB 440 per tonne to stand at RMB 22,490 per tonne, found the Shanghai Metals Market. The average prices are expected to range between RMB 22,470 per tonne and RMB 22,510 per tonne, with spot contract to be traded at a premium...
LME aluminium price drops by 0.60% to US$2,888/t; SHFE price declines by US$69
Three-month LME aluminium opened at US$2,941 per tonne yesterday and closed at US$2,903 per tonne, a decrease of 0.89 percent. On Monday September 27, LME aluminium cash (bid) price dropped by US$17.5 or by 0.60 percent to stand at US$2,887.50 per tonne. The LME official settlement price also...
Kalil Bottling Company experiences supply distress of aluminium beverage cans
Kalil Bottling Company, the leader in beverage distribution as well as a private bottler has been experiencing a major issue with their beverage cans supply. The distributing centre in El Paso, Texas revealed that it is becoming difficult for them to get aluminium for soft drinks cans in the past...
LME aluminium price decreases by 1.07% to US$2,905.50/t; SHFE price reduces by US$33
Three-month LME aluminium opened at $2,968 per tonne last Friday and closed at $2,929 per tonne, a decrease of 0.91 percent. On Friday September 24, LME aluminium cash (bid) price plunged by US$31.5 or by 1.07 percent to close at US$2,905 per tonne. The LME official settlement price also decreased...
Average alumina spot price in China opens the week higher at RMB3733/t; Aluminium fluoride price soars by RMB400/t
The average alumina spot price in China has opened the week on Monday, September 27, soaring by RMB 126 per tonne to come in at RMB 3,733 per tonne, found the Shanghai Metals Market. The continued raw materials supply disruptions from Guinea as well as domestic alumina production cut as refineries...
Downstream Aluminium Weekly Recap: Aluminium alloy price soared by RMB1000/t and above for two days in a row; US announced anti-dumping duties on aluminium foil from Armenia
One of the most prominent incidents we have witnessed in the downstream aluminium sector this week is the aluminium alloy price soar in China. On two consecutive days this week, aluminium alloy (A356) price saw a steep growth of RMB 1000 per tonne and more. After resuming from the Mid-Autumn...
Primary Aluminium Weekly: World Primary Aluminium production drops 0.60% M-o-M to 5.699 million tonnes in August 2021; Alcoa to invest more on stability in 2022
The global primary aluminium segment remained highlighted this week definitely due to the price factor but also for multiple reasons. The Pennsylvania-USA based Alcoa is gearing up to resume its idled aluminium smelter in Brazil, as it smelled the prices of aluminium sky-rocketing and production...
United States primary aluminium production grows 1000 tonnes M-o-M to 73,000 tonnes in July 2021
Domestic primary aluminium production in the United States in July 2021 stood at 73,000 tonnes, reflecting a month-on-month increase of only 1,000 tonnes but a year-on-year downfall of 9,000 tonnes from 82,000 tonnes, showed the US Census Bureau. The average daily production in July 2021 was 2,350...
Hindalco back-to-back grows its aluminium ingot price by INR3750/t with effect from September 24
Hindalco Industries Limited has increased its aluminium ingot and aluminium products prices for the second day in a row by INR 3,750 per tonne on Friday, September 24. The latest hike has brought the company’s aluminium ingot price at INR 249,500 per tonne, up by INR 3,750 per tonne or 1.53 per...
