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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A00 aluminium ingot price nosedives by RMB400/t to stand at RMB22920/t; Aluminium alloy(A356) price closes lower at RMB26900/t
A00 aluminium ingot price has nosedived by RMB 400 per tonne on Friday, September 24, after hiking by RMB 500 per tonne on the previous day. According to the Shanghai Metals Market, the price has thus come in at RMB 22,920 per tonne, with average prices expected to range between RMB 22,900 per...
LME aluminium price surges by 1.73% higher at US$2,937/t; SHFE price plunges by US$17/t
Three-month LME aluminium opened at $2,932.5 per tonne yesterday and rose to $2,977.5 per tonne before closing at $2,956per tonne, an increase of $19 percent or 0.65 percent. Open interest rose 1,590 lots to 308,000 lots, and trading volume was 161,000 lots. On Thursday September 23, LME aluminium...
A00 aluminium ingot price increases by RMB500/t; Aluminium alloy (A356) price escalates by RMB1250/t to exceed RMB27000/t
A00 aluminium ingot price observed a record rise for the second day following the 4-day holiday. According to SMM, the primary aluminium ingot price has escalated by RMB 500 per tonne to come in at RMB 23,320 per tonne. However, the average prices are expected to range between RMB 23,300 per tonne...
LME aluminium price closes at 0.80% higher at US$2,887/t; SHFE price surges by US$108
Three-month LME aluminium opened at $2,853 per tonne yesterday and closed at an intraday high at $2,942 per tonne, an increase of US$89 per tonne or 3.13 percent. Open interest rose 13,000 lots to 295,000 lots, and trading volume was 187,000 lots. On Wednesday September 22, LME aluminium cash (bid)...
Hindalco’s aluminium ingot price grows by INR1250/t on September 22 after declining on the previous day
Soon after a day of decline, Hindalco’s aluminium ingot and aluminium products prices have seen a rise with effect from Wednesday, September 22. Hindalco Industries Limited has increased its aluminium ingot price by INR 1,250 per tonne or 0.52 per cent to INR 243,250 per tonne on September 22. On...
Rusal assists Svobodny Sokol in making aluminium cast pipes
Rusal, a leading global aluminium producer, is mastering the production of aluminium cast pipes together with Lipetsk Pipe Company Svobodny Sokol. The quality of pipes is comparable to products made from conventional materials. The casting technology which Rusal uses makes it possible to produce...
LME aluminium price settles at 0.59% higher at US$2,864/t; SHFE price plunges by US$10
LME aluminium opened at US$2,866 per tonne on Tuesday morning and fell due to the strengthening of the US dollar, and closed at US$2,848 per tonne, down US$13 per tonne or 0.45 percent. Open interest fell 932 lots to 261,000 lots, and trading volume was 285,000 lots. On Tuesday, September 21, LME...
Aluminium alloy(A356) price soars by RMB1000/t to exceed RMB26000/t; A00 aluminium ingot price climbs by RMB80/t
According to the Shanghai Metals Market, Aluminium alloy (A356) price has resumed after the Mid-Autumn Festivals holiday with a surge of RMB 1,000 per tonne to exceed RMB 26,000 per tonne on September 22. As per the data, the price is standing at a new high of RMB 26,050 per tonne, with average...
Hindalco's aluminium ingot price declines by INR5000/t on September 21 after seveal hikes since Septmber 8
Hindalco Industries Limited has reduced its aluminium ingot and aluminium products prices with effect from Tuesday, September 21, after several hikes since September 8. The company has cut its aluminium ingot price by INR 5,000 per tonne to INR 242,000 per tonne on September 21. On September 18,...
LME aluminium price closes 2.33% lower at US$2,847/t; SHFE market is closed for the Mid-Autumn Festivals holiday
On Monday, September 20, LME aluminium cash (bid) price decreased by US$67.5 or by 2.31 percent to close at US$2846.50 per tonne. The LME official settlement price dropped by US$68 or by 2.33 percent to settle at US$2847 per tonne. 3-month bid price and 3-month offer price closed at US$2856 per...
Hindalco’s aluminium wire rod price expands by INR3250/t to INR258100/t with effect from September 18
On Saturday, September 18, Hindalco Industries Limited continued to increase its aluminium products prices, bringing its aluminium wire rod price to INR 258,100 per tonne. That was an increase of INR 3,250 per tonne or 1.28 per cent from INR 254,850 per tonne on September 16. Hindalco’s aluminium...
LME aluminium price closes 1.60% higher at US$2,915/t; SHFE market is closed for the Mid-Autumn Festivals holiday
Three-month LME aluminium opened at US$2,890 per tonne on Thursday morning and ranged between 2,850-2,910 per tonne before closing at US$2,890.5 per tonne, an increase of US$0.5 per tonne or 0.02 percent. Trading volume was 16,000 lots, and open interest decreased by 3,968 lots to 646,000 lots. On...
Downstream Products Weekly Recap: Alcomet commences the operation of new facility for processing of aluminium profiles; Aluminium price upsurge improves Hindalco's earnings outlook: Jefferies India
The aluminium downstream sector remained insightful during the week. However, the political instability in the world’s second-largest producer of bauxite, Guinea has installed another gear to the hike in the price of aluminium and it reached to 13years high of $3000 per tonne. Bulgaria’s Alcomet,...
Primary Aluminium Weekly Recap: China’s August aluminium output falls for the fourth straight month to 3.16 MT; Japanese buyer to pay $220/t premium for Q4 aluminium shipments
The most notable event we witnessed this week in the global primary aluminium sector was the LME aluminium price leap to a 13-year high at US$3,000 per tonne, fuelled by raw materials supply disruptions in Guinea coupled with production restrictions in China. But both the LME aluminium cash (bid)...
LME aluminium price ends this week lower at $2915/t after touching $3000/t; SHFE price closes at $3516/t
On Monday, September 13, the LME aluminium benchmark price touched the milestone of US$3,000 per tonne, the highest since 2008, fuelled by raw materials supply disruptions in Guinea coupled with production restrictions in China. But both the LME aluminium cash (bid) price and LME official...
NALCO cuts aluminium ingot price by INR3000/t as LME aluminium price quits 13-year high
National Aluminium Company Limited (NALCO) has decreased its aluminium ingot and aluminium products prices as the LME aluminium benchmark price signs off from the 13-year high. With effect from Friday, September 17, NALCO’s aluminium ingot price has come in at INR 242,850-246,350 per tonne, down by...
Yunnan Aluminium Co., Ltd. reduces 2021 output target by 2% to 2.36 million tonnes due to new production restrictions
Yunnan Aluminium Co., Ltd. has reduced its 2021 production target by more than 500,000 tonnes or almost 18 per cent after the local government enforced production curb for the rest of the year. The news came after the company, which uses Yunnan’s hydropower sources for the energy-intensive smelting...
LME aluminium price closes 0.03% higher at US$2,869/t; SHFE price decreases by US$13
Three-month LME aluminium opened at $2,890 per tonne on Thursday morning and ranged between 2,850-2,910 per tonne before closing at $2,890.5 per tonne, an increase of $0.5 per tonne or 0.02%. Trading volume was 16,000 lots, and open interest decreased by 3,968 lots to 646,000 lots. On Thursday...
