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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Hindalco’s aluminium ingot price grows by INR2000/t to INR227,750/t with effect from September 3
Hindalco Industries Limited increased its aluminium ingot and aluminium products prices with effect from September 3, the next day after it reduced the prices by INR 4,000 per tonne. The company’s aluminium ingot price came in at INR 227,750 per tonne, up by INR 2,000 per tonne or 0.90 per cent...
World largest bauxite exporter Guinea’s mutinous military unit seizes power, suspends constitution; Aluminium industry predicts a further surge in price
The world’s second-largest producer of bauxite, Guinea’s unit of military seized power and suspended the constitution, destabilizing the West African nation, which is the global largest exporter of aluminium ore. On 5 th September 2021, Colonel Mamady Doumbouya, the head of Guinea’s Special Forces...
LME aluminium price rose slightly by US$1.50/t to US$2696/t; SHFE price soared by US$71/t to US$3373/t
Three-month LME aluminium opened at US$2,695 per tonne last Friday morning and ranged between US$2,678-2,733.50 per tonne before closing at US$2,733 per tonne, an increase of US$31.50 per tonne or 1.17 per cent. Trading volume was 14,757 lots, and open interest decreased by 11,112 lots to 646,000...
LME aluminium price opened this week at a 10-year high but closed lower at US$2696/t; SHFE price continued rising to US$3302/t
LME aluminium cash (bid) price and LME official settlement price reached a 10-year high this week at US$2,714 per tonne as of Tuesday, August 31. Due to a summer bank holiday, the LME market was closed on Monday and started the week on Tuesday. Next day, on September 1, both LME aluminium cash...
Primary Aluminium Weekly Recap: Global aluminium price rally to 10-year high lifts aluminium product cost; EGA’s adjusted EBITDA climbs by 111% in H1 2021 in strongest-ever half-year financial performance
The week remained heavily prosperous for the primary segment of the global aluminium industry. The global rise of the aluminium price has climbed to a 10 year’s high, due to the limited production in China. The Indian primary aluminium producers have delivered a notable performance in the Q1 of...
China’s alumina spot price continues to grow to stand at RMB3074/t; A00 aluminium ingot price settles RMB100/t higher
The average alumina spot price in China has continued to grow for the fifth day in a row to reach at RMB3,074 per tonne as of Friday, September 3. According to the Shanghai Metals Market, the price has increased by RMB45 per tonne today from RMB3,029 per tonne on September 2. In Shandong, alumina...
LME aluminium price gained 1% to reach at US$2694.5/t; SHFE price continued to increase to US$3302/t
LME aluminium benchmark price closed 1 per cent higher on Thursday, September 2. LME aluminium cash (bid) price and LME official settlement price increased by US$27 per tonne to stand at US$2,694.50 per tonne on Thursday, September 2, following a decline of US$46.50 per tonne on the previous day....
NALCO’s aluminium ingot selling price drops by INR2000/t with effect from September 1
National Aluminium Company Limited (NALCO) has decreased its aluminium ingot and aluminium products prices with effect from Wednesday, September 1. After rebounding by INR 8,000 per tonne on August 25, NALCO’s aluminium ingot price has reduced by INR 2,000 per tonne or 0.88 per cent from INR...
Vedanta cuts aluminium wire rod and billet prices by 1.7% on September 2 after three consecutive hikes
Vedanta Limited has decreased its aluminium products prices by INR 4,000 per tonne or 1.68 per cent with effect from Thursday, September 2, bringing the aluminium wire rod price to INR 233,750-241,250 per tonne from INR 237,750-245,250 per tonne on August 28. The company’s aluminium billet price...
Hindalco Industries reduces aluminium ingot price by INR4,000/t as LME aluminium price descends from 10-year high
Hindalco Industries Limited has decreased its aluminium ingot and aluminium products prices with effect from Thursday, September 2, after increasing them for three consecutive times from August 24-28. From today, Hindalco is selling its aluminium ingot at INR 225,750 per tonne, down by INR 4,000...
A00 aluminium ingot price in China closes up at RMB21,230/t; Aluminium alloy(A356) price soars above RMB22,000/t
A00 aluminium ingot price in China has recorded an increase of RMB70 per tonne on Thursday, September 2, following a downfall of RMB80 per tonne on the previous day. According to the Shanghai Metals Market, primary aluminium ingot price has come in at RMB21,230 per tonne, with average prices likely...
LME aluminium price shrank by US$46.5/t to close at US$2667.5/t; SHFE price inched up by U$5/t
LME aluminium opened at US$2,710 per tonne on Wednesday morning and closed at US$2,693.50 per tonne, down by US$13 per tonne or 0.48 per cent. LME aluminium cash (bid) price and LME official settlement price plunged by US$46.50 per tonne to stand at US$2,667.50 per tonne on Wednesday, September 1,...
Top Newsmakers for August 2021: Jamalco refinery fire break out hurls price of alumina at 6 months high; Guangxi Power Grid Corp imposes power consumption restrictions on aluminium producers
The world aluminium sector in August 2021 demonstrated a sharp rise in demand for the metal from every corner of the earth. The month observed the surge in the price of aluminium, which escalated by over 30% from $ 2013.50 per tonne to US$ 2673.50 per tonne, while it has been recorded as a 10 year...
Top Chinese smelters assure to stabilise aluminium prices from new highs: CNIA
On Monday, August 30, the China Nonferrous Metals Industry Association (CNIA) held a meeting attended by the country’s top aluminium smelters to discuss the continuous surge in aluminium prices, both on the Shanghai Futures Exchange and the London Metal Exchange. Reaching at a 13-year high,...
China’s alumina spot price nears RMB3000/t by building-up RMB76/t; But A00 aluminium ingot price slips by RMB80/t
The average alumina spot price in China has continued to increase for the third day in a row by RMB76 per tonne to RMB2,974 per tonne on Wednesday, September 1, found the Shanghai Metals Market. In Guangxi and Guizhou, alumina price has surged by RMB125 per tonne to stand at RMB2,850 per tonne, and...
LME aluminium price closed Tuesday trading up at US$2714/t; SHFE price slipped by US$13/t to US$3278/t
Three-month LME aluminium rose 1.98 per cent to end at US$ 2,706.50 per tonne on Tuesday, August 31. LME aluminium cash (bid) price and LME official settlement price opened the week on Tuesday, August 31, with a surge of US$ 40.50 per tonne to US$ 2,714 per tonne. On Monday, August 30, the LME...
Global aluminium price rally to 10-year high lifts aluminium product cost
The sharp spike in aluminium prices to the 10-year high due to limited production in China, the world’s largest aluminium producer, for restricted energy usage is reportedly rippling through the cost of end-user products, right from Heineken cans to kitchen wrap. Until now this year, the global...
LME aluminium closed for Summer Bank Holiday; SHFE aluminium surged 3.92%
The LME market was closed on Monday, August 30, for a summer bank holiday and will resume trading on Tuesday, August 31. As of Friday, August 27, LME aluminium cash (bid) price and LME official settlement price surged by 38.50 per tonne or 1.46 per cent to close at US$ 2,673.50 per tonne. 3-months...
