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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Alumina spot price in China sees a spike to close at RMB2898/t; Aluminium fluoride price exceeds RMB8000/t
The average alumina spot price in China has seen a spike today, on August 31, marking a steady rise since the end of July 2021, found the Shanghai Metals Market. Data shows alumina price has come in at RMB 2,898 per tonne as of August 31, surging by RMB 96 per tonne. In Shanxi and Henan, alumina...
Alumina price in China increases to stand at RMB 2802/t; Aluminium price jumps by RMB 400/t
The alumina price in China has increased by RMB 45 per tonne after remaining flat on Friday. The price now stands at RMB 2802 per tonne on Monday, 30 August 2021, as updated by Shanghai Metals Market. Alumina price in Shandong has climbed by RMB 50 per tonne to stand at RMB 2810 per tonne. The...
LME aluminium price rose 1.46% to settle at US$2673.50/t; SHFE price continued to expand to US$3246/t
Three-month LME aluminium opened at US$ 2,622 per tonne last Friday morning, with the lowest and highest prices at US$ 2,618.50 per tonne and US$ 2,697 per tonne before closing up US$ 8 per tonne or 1.3 per cent. LME aluminium cash (bid) price and LME official settlement price surged by 38.50 per...
Hindalco Industries continues to increase aluminium ingot price to INR229,750/t w.e.f. August 28
Hindalco Industries Limited continued to increase aluminium ingot and aluminium products prices with effect from Saturday, August 28. Hindalco raised its aluminium ingot price by INR 2,000 per tonne from INR 227,750 per tonne on August 25 to INR 229,750 per tonne on August 28. Hindalco’s aluminium...
Aluminium Downstream Weekly Recap: Hindalco Industries started FY'22 at a strong pace and continues to see a strong demand across business verticals; Six Southern California companies convicted for evading payment of $1.8 billion in duties on imported Chinese aluminium
The aluminium downstream segment remained highlighted in the week for very reasons, unlike the other weeks. Kumar Mangalam Birla, the Chairman of the world's largest aluminium rolling company, Hindalco Industries stated that the metal company commenced the FY'22 at a robust pace and pursues to see...
Primary Aluminium Weekly Recap: World primary aluminium production grows 3% M-o-M in July’21; EGA contemplating to float IPO in 2022
This week brought us a plethora of news from the global primary aluminium industry right from world primary aluminium production to Emirates Global Aluminium’s target of floating an IPO in 2022. According to a report on Monday based on the International Aluminium Institute’s data, world primary...
Vedanta Limited further increases aluminium billet and wire rod prices by INR2000/t with effect from August 28
Vedanta Limited has continued to increase its aluminium products prices for the third time in a row, with effect from Saturday, August 28, after a cut of INR 3,500 per tonne on August 19. The company’s aluminium wire rod price has come in at INR 237,750-245,250 per tonne, up by INR 2,000 per tonne...
Xinjiang Prefecture directs five Chinese aluminium smelters to reduce production
According to a recent report, five Chinese aluminium smelters will require to reduce production starting from this month as a prefecture in Xinjiang region has imposed output limits to stamp out illegal production, which sent Shanghai aluminium prices to a 13-year high. Reuters calculations have...
Bauxite (6.5≤Al/Si＜7.5) price in Guizhou surges by RMB105/t; A00 aluminium ingot price settles higher at RMB20630/t
According to the Shanghai Metals Market, Bauxite (6.5≤Al/Si＜7.5) price in Guizhou has jumped by RMB 105 per tonne to reach RMB 475 per tonne on Friday, August 27, found the Shanghai Metals Market. The average prices are expected to range between RMB 450-500 per tonne. Bauxite (6.5≤Al/Si＜7.5) price...
LME aluminium closed at US$2,620/t on Thursday; SHFE aluminium rose 1.1% in the overnight trading
LME aluminium opened at US$2,620 per tonne on Thursday morning, with the lowest and highest prices at US$2,593.5 per tonne and US$2,639 per tonne. The contract settled at US$2,620 per tonne. As of Thursday, August 26, LME aluminium cash (bid) price stands at US$ 2635 per tonne, LME official...
Alumina price in China climbs by RMB 6/t; Aluminium price stands at RMB 20540/t
The alumina price in China has registered a hike of RMB 6 per tonne. The price stands at RMB 2757 per tonne on Thursday, 26 August, from 2751 per tonne, as updated by Shanghai Metals Market. The prices of alumina in Shandong, Guizhou and Guangxi markets have risen to stand at RMB 2760 per tonne,...
LME aluminium price dipped US$1/t to close at US$2647.50/t; SHFE price settled lower at US$3168/t
Three-month LME aluminium rose 0.61 per cent to end at US$ 2,620 per tonne on Wednesday, August 25. LME aluminium cash (bid) price and LME official settlement price dipped slightly by US$ 1 per tonne to come in at US$ 2,647.50 per tonne on Wednesday, August 25. But 3-months bid price and 3-months...
NALCO’s aluminium ingot price rebounds to INR226,750-230,250/t in line with LME aluminium price hike
National Aluminium Company Limited’s aluminium ingot price and aluminium products prices rebounded on Wednesday, August 25, following a sharp decline in the previous week. The company has reported that it is now selling its aluminium ingot at INR 226,750-230,250 per tonne, up by INR 8,000 per tonne...
Malaysian aluminium giant ‘Press Metal’ to enhance production capacity in 2H 2021
The world-class aluminium producer, Press Metal Aluminium Holdings Bhd of Malaysia could take the advantage of the rising LME aluminium spot prices in 4Q, provided that its Samalaju Phase 3 facility is anticipated to be just weeks away from being fully operational. RHB Research pointed: “Samalaju...
Hindalco expands its aluminium wire rod and billets prices for the second day in row by INR2750/t on August 25
Hindalco Industries Limited has further expanded its aluminium wire rod and billets prices on Wednesday, August 25, marking the second day of hike in a row. The company is currently selling its aluminium wire rod at INR 238,850 per tonne, up by INR 2,750 per tonne or 1.16 per cent from INR 236,100...
Vedanta raises its aluminium ingot price by INR 2,750/t to INR 228,250-241,250/t
Vedanta has hiked its aluminium products price by INR 2,750 per tonne. With effect from Wednesday, 25 August 2021, the prices of some aluminium ingots stand at INR 228,250-241,250 per tonne, up by more than 1% from INR 225,500-238,500- per tonne on August 24. The billets price stands at INR 236,250...
Three-month LME aluminium settled 0.39% higher at US$2,604/t, SHFE aluminium edged up 0.20%
Three-month LME aluminium opened at US$2,592 per tonne on Tuesday morning. The price closed US$10 per tonne or 0.39% higher at US$2,604 per tonne. As of Tuesday, August 24, LME aluminium cash (bid) price stands at US$ 2648.50 per tonne, LME official settlement price stands at US$ 2648.50 per tonne;...
Jamalco refinery fire break out hurls price of alumina at 6 months high
The price of alumina has escalated to its highest in almost six months after a flare-up at the Jamalco refinery in Jamaica leading to the disquiet of restricted supply. On 20 th August 2021, COMEX alumina futures AALc1, assessed free-on-board (FOB) from major producer Australia, which rose to...
