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....
Grow with
AL Circle
Japanese aluminium shipments premium for Q4 2021 agreed at $220/t, highest since June quarter 2015
After month-long negotiations, a Japanese buyer has reportedly nodded to pay a premium of $220 per tonne for aluminium shipments for the December quarter of 2021, an increase of 19 per cent from the current quarter in tandem with the higher overseas premium, said two sources directly involved in...
Hindalco’s aluminium ingot selling price grows on September 16 to settle at INR243,750/t
Hindalco Industries Limited has slightly increased its aluminium ingot and aluminium products prices with effect from Thursday, September 16, the next day after it sharply reduced its aluminium prices by INR 8,250 per tonne. As of September 16, Hindalco’s aluminium ingot price is standing at INR...
LME aluminium price increases by 0.72% to come in at US$2,867; SHFE price surges by US$69
Three-month LME aluminium opened at $2,831.5 per tonne on Wednesday morning and ranged between 2,829-2,924 per tonne before closing at $2,890 per tonne, an increase of $59 per tonne or 2.08 percent. Trading volume was 19,000 lots, and open interest decreased by 5,968 lots to 650,000 lots. On...
China’s alumina spot price climbs RMB154/t to surpass RMB3600/t; A00 aluminium ingot price soars by RMB500/t
The average alumina spot price has continued to surge in China, fuelled by domestic production cut due to refineries shut down and raw materials supply disruption due to ongoing political unrest in Guinea. According to the Shanghai Metals Market, alumina price has jumped by RMB 154 per tonne to...
Aluminium price upsurge improves Hindalco's earnings outlook: Jefferies India
The continuous upsurge in aluminium prices and disorder in global bauxite supply has attracted investors keen towards integrated aluminium producers such as Hindalco. The diversified financial services company engaged in investment banking and capital markets, asset management and direct investing,...
LME aluminium price falls down by nearly 3.5% to come in at US$2,847/t; SHFE price plummets by US$82/t
Three-month LME aluminium opened at $2,892 per tonne on Tuesday morning, with the highest and lowest prices at $2,910 per tonne and $2,824 per tonne, and lost 1.97 percent to settle at $2,831 per tonne. Open interest increased 850 lots to 656,000 lots. On Tuesday, September 14, LME aluminium cash...
Vedanta continues to grow aluminium billet price by over 1.5% to sell it at INR258,750/t
Vedanta Limited has continued to grow its aluminium products prices for the fifth time in row, with effect from Tuesday, September 14. According to the price list revealed by Vedanta, its aluminium billets price has come in at INR 258,750 per tonne, up by INR 4,000 per tonne or 1.57 per cent from...
Production cut at refineries in Guangxi lifts China’s alumina spot price to RMB3453/t; A00 aluminium ingot price nosedives by RMB650/t
The average alumina spot price in China has increased by RMB 85 per tonne on Wednesday, September 15, following a restraint on the previous day. According to the Shanghai Metals Market, the hike has brought the alumina price at RMB 3,453 per tonne, marking a week-on-week jump of RMB 292 per tonne....
Hindalco’s aluminium ingot price sees highest growth of INR10500/t in tandem with LME aluminium price leap to US$3000/t
Hindalco Industries Limited has sharply increased its aluminium ingot and aluminium products prices with effect from Tuesday, September 14, in tandem with the LME aluminium price leap to a new high in 13 years at US$3,000 per tonne on September 13. Hindalco has raised its aluminium ingot price by...
China’s A00 aluminium ingot price plummets by RMB530/t after a week-long hike; Aluminium alloy(A356) price settles lower at RMB24000/t
After recording a continuous rise in last one week surpassing RMB 23,000 per tonne, A00 aluminium ingot price in China has plummeted by RMB 530 per tonne on Tuesday, September 14, to settle at RMB 22,890 per tonne, found the Shanghai Metals Market. The average prices are expected to range between...
LME aluminium benchmark price leaps to a new high of US$3000/t in 13 years; SHFE price settles at 2.45% lower
The LME aluminium benchmark price leaped to a new milestone of US$3,000 per tonne, first time ever since 2008. Aluminium raw materials supply disruptions in Guinea coupled with production restrictions in China pushed the LME aluminium price to a 13-year high. However, both the LME aluminium cash...
Vedanta expands its aluminium billet & wire rod prices by INR6250/t
Vedanta Limited expanded its aluminium products prices by INR 6,250 per tonne on Saturday, September 11, bringing its aluminium wire rod price to INR 254,250-261,750 per tonne, in comparison with INR 248,500-255,500 on Friday, September 10. As per Vedanta’s report, its aluminium billet price grew...
Tenfold growth in Russian aluminium exports to $7.4 billion in July 2021, shows Federal Customs Service
The Russian aluminum shipment abroad experienced a tenfold surge in July, says the data recorded by the Federal Customs Service. Compared to the year 2020 for the same period, the July exports amounted to $7.4 billion, meaning that the July exports surpassed three million tonnes. Previously this...
NALCO’s aluminium ingot price sees highest growth of INR14700/t with effect from September 11
National Aluminium Company Limited has reported a sharp growth in aluminium ingot price and aluminium products prices with effect from Saturday, September 11. NALCO’s aluminium ingot price has witnessed a spike of INR 14,700 per tonne to INR 245,850-249,350 per tonne, in comparison with INR...
LME aluminium price further gains 2.82% to close at US$2,896.5/t; SHFE price soars above US$3,600/t
Three-month LME aluminium won 3.23 percent to close at US$2,927.5 per tonne in the overnight trading last Friday, with open interest losing 114 lots to 648,000 lots. On Friday, September 10, LME aluminium cash (bid) price and LME official settlement price climbed by US$79.5 per tonne or 2.82 per...
Aluminium industry agonizes on the emerging complications of its supply: Industry players at Harbor Aluminium Summit
The hitch in the aluminium supply chain that has agitated the global commodity markets, while propelling the prices to a 13-year high in the previous week is unrealistic to prosper pretty soon. During North America’s largest aluminium conference ‘Harbor Aluminium Summit’, this was the message which...
A00 aluminium ingot price in China soars by RMB770/t to stand the highest since 2008; Aluminium alloys(ADC12) price grows above RMB230000/t
Shanghai aluminium prices have reached the highest level on Monday since 2008, fuelled by supply concerns in China, the world’s biggest consumer of the metal. Output curbs in China, the world’s biggest aluminium producer, and political turmoil in Guinea, China’s top source of bauxite, have further...
Bauxite Weekly Recap: World's largest bauxite exporter Guinea’s mutinous military unit seizes power, suspends constitution; Coup in Guinea shifts bauxite price to 18-month high
On 5 th September 2021, the coup in Guinea, the mining powerhouse quake the global aluminium market. Guinea contests with Australia as China’s largest supplier of bauxite, the raw material used to make alumina and eventually the metal aluminium. According to the Ministry of Mines and Geology data,...
