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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Primary Aluminium Weekly Recap: China’s A00 aluminium ingot price sees a 13-year high; Rusal appoints former Chalco trader Deng Gang
This week, the global aluminium industry is shook by the military coup in Guinea on September 5, which has impacted the raw material supply to the metal industry. As a result, the primary aluminium production is facing a disruption, causing an incessant hike in prices. Both the global aluminium...
Vedanta Limited increases its aluminium wire rod price back-to-back to INR248,000-255,500/t
Vedanta Limited expanded its aluminium products prices by INR 4,250 per tonne on Thursday September 9, bringing its aluminium wire rod price to INR 244,500-252,000 per tonne. On Friday, September 10, Vedanta’s aluminium wire rod price again saw a hike of INR 3,500 per tonne to come in at INR...
LME aluminium price soars above US$2800/t; SHFE price settles higher at US$3,494/t
Three-month LME aluminium opened at US$2,795.5 per tonne on Thursday morning and hit a multi-year high of US$2,848 per tonne before closing at US$2,836 per tonne, an increase of US$45 per tonne or 1.61 percent. Trading volume was 19,006 lots, and open interest increased by 2,413 lots to 648,000...
Daikin Industries plans to replace half of the copper units with aluminium
The escalation of copper price to a record level in 2021 is stirring buyers in a vitally segmented consumer market to consider economic substitutes, which reflects an early indication of an avenue that high prices forcefully can knock down demand. The air-conditioner industry’s consumption is at...
China’s A00 aluminium ingot price soars above RMB22,500/t after the detention of Guinea President; Aluminium alloys prices climb RMB400/t
China’s domestic primary aluminium price has continued to surge by RMB 420 per tonne to stand above RMB 22,500 per tonne after Alpha Conde, president of the Republic of Guinea, got detained by Special Forces in the capital, Conakry. Unrest within Guinea is putting further strain on the market as it...
Hindalco sharply grows its aluminium ingot price by INR4,250/t or 2% w.e.f. September 9
Hindalco Industries Limited has continued to increase its aluminium ingot and aluminium products prices for the fourth time in a row, with effect from Thursday, September 9. Hindalco’s aluminium ingot price has come in at INR 236,500 per tonne, up by INR 4,250 per tonne or 1.83 per cent from INR...
China’s A00 aluminium ingot price records a 13-year high at RMB22,230/t; Aluminium alloy(A356) price soars by RMB500/t
The tight supply of primary aluminium in the Chinese domestic market due to increased pressure on smelters to rationalise their power usage, added with political unrest in Guinea impacting the global raw material supply, has pushed the country’s A00 aluminium ingot price to a 13-year high....
LME aluminium price surged by US$34.5/t to reach at US$2775/t; SHFE price soared to US$3435/t
Three-month LME aluminium opened at US$2,765 per tonne on Wednesday morning and ranged between US$2,758-2,810 per tonne before closing at US$2,791 per tonne, an increase of US$23 per tonne or 0.83 per cent. Trading volume was 18,734 lots, and open interest decreased by 5,410 lots to 646,000 lots....
Vedanta’s aluminium ingot selling price gains INR4250/t to INR232,750-245,750/t w.e.f. September 7
Vedanta Limited announced that it increased its aluminium ingot and aluminium products prices with effect from Tuesday, September 7, bringing its aluminium ingot price to INR 232,750-245,750 per tonne. That was an increase of INR 4,250 per tonne from INR 228,500-241,500 per tonne on September 3....
Hindalco Industries hikes its aluminium wire rod and billets prices by 2% in line with LME aluminium price rally
Hindalco Industries Limited continued to increase its aluminium products and aluminium ingot prices in line with LME aluminium benchmark price rally as an outcome of interrupted raw material supply due to military coup in Guinea. With effect from Tuesday, September 7, Hindalco’s aluminium wire rod...
Chinese alumina spot price climbs RMB42/t to close at RMB3161/t; A00 aluminium ingot price settles higher at RMB21770/t
The interrupted supply of aluminium raw material due to military Coup in Guinea has further pushed the Chinese alumina spot price to RMB 3,161 per tonne on Wednesday, September 8. According to the Shanghai Metals Market, the price has climbed by RMB 42 per tonne from RMB 3,119 per tonne on...
LME aluminium price drops US$5/t to stand at US$2740.5/t; SHFE price closes higher at US$3371/t
Three-month LME aluminium rose 0.02 per cent to end at US$2,768 per tonne on last night, with open interest decreasing 49 lots to 651,000 lots. LME aluminium cash (bid) price and LME official settlement price dropped by US$5 per tonne on Tuesday, September 7, to come in at US$2,740 per tonne and...
NALCO sharply increases its aluminium ingot price by INR6400/t as LME aluminium price hit 10-year high yet again
A week after reducing the aluminium ingot price by INR 2,000 per tonne, National Aluminium Company Limited (NALCO) has sharply increased the price of its ingot with effect from Tuesday, September 7. Seeing a rise of INR 6,400 per tonne or 2.80 per cent on September 7, NALCO’s aluminium ingot price...
Vedanta’s aluminium wire rod and billets prices see a hike of INR2250/t with effect from September 3
Vedanta Limited increased its aluminium products prices by INR 2,250 per tonne or 1 per cent with effect from Friday, September 3, bringing aluminium wire rod price to INR 236,000-243,500 per tonne from INR 233,750-241,250 per tonne on September 2. Since the last hike, the company’s aluminium...
Bauxite(4.5≤Al/Si＜5.5) price in Henan exceeds RMB500/t after military coup in Guinea; A00 aluminium ingot price grows by RMB70/t
According to the Shanghai Metals Market, bauxite(4.5≤Al/Si＜5.5) price in Henan has seen an increase of RMB 20 per tonne on Tuesday, September 7, to exceed RMB 500 per tonne. Due to the military coup in Guinea that has fuelled concerns over raw material supply required for aluminium smelting,...
Guinea Coup drives LME aluminium benchmark price again to 10-year high at US$2745.5/t; SHFE price drops to US$3366/t
Three-month LME aluminium opened at US$2,737 per tonne on Monday morning and ranged between US$2,734-2,782 per tonne before closing at US$2,767.50 per tonne, an increase of US$34.50 per tonne or 1.26 per cent. Trading volume was 14,892 lots, and open interest increased by 5,202 lots to 651,000...
Coup in Guinea shifts bauxite price to 18-month high
On 6th September 2021, the bauxite price from Guinea has reached the highest almost in 18 months at top metals consumer market China, as buyers distressed about supply followed a coup in the country. The West African nation Guinea is the world's second-largest producer of bauxite, keeping China...
China’s alumina spot price extends growth to RMB3119/t; A00 aluminium ingot price surges by RMB310/t
The average alumina spot price in China has extended its growth by RMB 45 per tonne to come in at INR 3,119 per tonne on September 6, 2021, found the Shanghai Metals Market. In Shandong, alumina price has climbed by RMB 50 per tonne to stand at RMB 3,125 per tonne, while the price in Henan and...
