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
Alumina spot price in China further grows by RMB53/t to settle at RMB2751/t; A00 aluminium ingot price exceeds RMB20500/t
Average alumina spot price in China has continued to increase by RMB 53 per tonne for the second consecutive day to come in at RMB 2,751 per tonne as of Wednesday, August 25, found the Shanghai Metals Market. In Henan, the price has grown the highest by RMB 75 per tonne to stand at RMB 2,800 per...
Vedanta slightly increases aluminium wire rod price by 0.65% to INR233,000-240,500/t on August 24
Vedanta Limited has increased its aluminium products prices and aluminium ingot price with effect from Tuesday, August 24. The company’s aluminium wire rod price has come in at INR 233,000-240,500 per tonne, up by INR 1,500 per tonne from INR 231,500-239,000 per tonne on August 19. Hindalco is...
Hindalco grows its aluminium ingot price by INR1500/t on August 24 in line with LME aluminium price uptrend
Hindalco Industries Limited has increased its aluminium ingot and aluminium products prices by INR 1,500 per tonne with effect from Tuesday, August 24. The company’s aluminium ingot price has come in at INR 225,000 per tonne compared to INR 223,500 per tonne on August 19. Hindalco is selling its...
NALCO’s aluminium ingot price sees a sharp fall of INR8100/t with effect from August 20
National Aluminium Company Limited (NALCO) sharply cut its aluminium ingot and aluminium products prices, with effect from Friday, August 20, following a hike of 2.25 per cent on Tuesday, August 17. The company’s aluminium ingot price witnessed a slash of INR 8,100 per tonne or 3.57 per cent from...
Bauxite (4.5≤Al/Si＜5.5) price in Henan climbs RMB60/t to close at RMB490/t; Alumina spot price increases to RMB2698/t
According to the Shanghai Metals Market data, Bauxite (4.5≤Al/Si＜5.5) price in Henan has soared by RMB 60 per tonne after remaining restrained at RMB 430 per tonne since July 29. As of Tuesday, August 24, the hike has brought the price to RMB 490 per tonne, with average prices expected to range...
LME aluminium price rose 1.56% to reach at US$2609/t; SHFE price settled higher at US$3139/t
LME aluminium benchmark price closed higher for the second consecutive day by US$ 40 per tonne or 1.56 per cent on Monday, August 23. LME aluminium cash (bid) price and LME official settlement price continued to rise for the second day in a row to reach at US$ 2,609 per tonne on Monday, August 23....
Three-month LME aluminium closed higher at US$2,555/t last Friday; SHFE aluminium added 0.73%
Three-month LME aluminium opened at US$2,544.5 per tonne last Friday morning. The price settled at US$2,555 per tonne, an increase of US$8 per tonne or 0.31%. As of Friday, August 20, LME aluminium cash (bid) price stands at US$ 2569 per tonne, LME official settlement price stands at US$ 2569 per...
A00 aluminium ingot price in China opens the week higher at RMB20360/t; Imported alumina price grows by US$5/t
A00 aluminium ingot price in China has jumped by RMB 260 per tonne to open the week on Monday, August 23, at RMB 20,360 per tonne, found the Shanghai Metals Market. The average prices are expected to range between RMB 20,340 per tonne and RMB 20,380 per tonne, with spot contract to be traded at a...
LME aluminium price trended down this week by US$75/t to US$2569/t; SHFE price shrank 2% to US$3071/t
LME aluminium cash (bid) price and LME official settlement price recorded a downtrend this week by US$ 75 per tonne. The prices started the week on Monday, August 16, with a surge of US$ 41.50 per tonne to US$ 2,644 per tonne but decreased on the subsequent day, August 17, by US$ 10 per tonne to...
Weekly update: Aluminium ingot price ended the week higher; Alumina price remained flat
SMM aluminium ingot price saw mixed performance over the week. The week started with a growth of RMB 200 per tonne to stand at RMB 20250 per tonne on Monday, 16 August. The price settled lower at RMB 20230 per tonne on Tuesday. The price on Friday, August 20, stood higher at RMB 20100 per tonne,...
“The global rise in Aluminium prices is only a spike driven by strong market sentiments, not by market fundamentals", Dr Tapan Kumar Chand, Resident Director - Vedanta & Former Chairman cum Managing Director of National Aluminium Company (NALCO)
AlCircle team received a great opportunity to interview Dr Tapan Kumar Chand , Resident Director - Vedanta & Former Chairman cum Managing Director of National Aluminium Company (NALCO) following the virtual event of “Indian Aluminium Summit”. AlCircle: What is the major reason behind the surge in...
China’s aluminium price inches up to RMB 20100/t; expected to range at RMB 20080-20120/t
SMM aluminium ingot price stands at RMB 20100 per tonne on Friday, 20 August 2021, representing an increase of RMB 20 per tonne from Thursday’s price of RMB 20080 per tonne. The price is expected to move within a range of RMB 20080-20120 per tonne. In Wuxi, the price has increased by RMB 85 per...
LME aluminium price plunged by US$45.50/t to close at US$2544/t; SHFE price settled lower at US$3071/t
Three-month LME aluminium edged down by 0.74 per cent to settle at US$ 2,544 per tonne on Thursday, August 19. LME aluminium cash (bid) price and LME official settlement price continued to decrease for the third day in a row by US$ 45.50 per tonne or 1.76 per cent to come in at US$ 2,544 per tonne...
Vedanta cuts its aluminium ingots price by INR 3,500/t
Vedanta has cut its aluminium products price by more than 2%. With effect from Thursday, 19 August 2021, the prices of some aluminium ingots have come in at INR 224,000-237,000 per tonne. This is down by INR 3,500 per tonne from INR 227,500-240,500- per tonne on August 18. The billets price stands...
Hindalco Industries reduces aluminium ingot selling price to INR223,500/t with effect from August 19
Hindalco Industries Limited has reduced its aluminium ingot and aluminium products prices with effect from Thursday, August 19, after increasing them three times in a row since the week last. Hindalco’s aluminium ingot price has witnessed a slash of INR 3,500 per tonne or 1.54 per cent from INR...
Alumina spot price in China climbs RMB23/t after over a week-long restraint; A00 aluminium ingot price plunges by RMB260/t
The average alumina spot price in China has climbed by RMB 23 per tonne to RMB 2,667 per tonne on Thursday, August 19, after remaining restrained at RMB 2,644 per tonne from August 6 to 18, found the Shanghai Metals Market. In Guangxi, the price has increased by RMB 35 per tonne to stand at RMB...
Three-month LME aluminium closed lower at US$2,563/t; SHFE aluminium edged down by 1.11%
Three-month LME aluminium edged down 0.50% to close at US$2,563 per tonne on Wednesday, with open interest losing 15,874 lots to 653,000 lots. As of Wednesday August 18, LME aluminium cash (bid) price stands at US$ 2589.50 per tonne, LME official settlement price stands at US$ 2589.50 per tonne;...
Hindalco Industries hikes its aluminium billets price by INR 2,500/t to INR 234,100/t
Hindalco Industries Limited has raised its aluminium products price by more than 1%. With effect from Wednesday, 18 August 2021, aluminium billets and wire rods prices have come in at INR 234,100 per tonne and INR 238,100 per tonne. This is up by INR 2,500 per tonne from INR 231,600 per tonne and...
