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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Operating rate at China’s large aluminium processing enterprises drops slightly by 0.6 percentage point
Operating rate at China’s large aluminium processing enterprises dropped 0.6 percentage point last week ended August 13, attributing mainly to production and transportation disruptions caused by spreading pandemic and power consumption restrictions. Besides, high aluminium prices affected...
China’s aluminium ingot price grows by RMB 110/t; Aluminium alloy (A356) inches up to RMB 20950/t
SMM aluminium ingot price increased after registering a drop yesterday. The price grew by RMB 110 per tonne to stand at RMB 20340 per tonne on Wednesday, August 18, from RMB 20230 per tonne on August 17. The price is expected to move within a range of RMB 20320-20360 per tonne today. In Foshan and...
LME aluminium price edged 0.41% lower at US$2633/t; SHFE price closed up at US$3136/t
Three-month LME aluminium shed 1.09 per cent to end at US$ 2,576 per tonne on Tuesday. LME aluminium cash (bid) price and LME official settlement price decreased by US$ 10 per tonne or 0.41 per cent to come at US$ 2,633 per tonne on Tuesday, August 17. 3-months bid price and 3-months offer price...
Vedanta grows its aluminium wire rod and billets prices for the third time in a row by INR2500/t
Vedanta Limited has increased its aluminium products prices for the third time in a row since last Wednesday, August 11. With effect from August 18, the company’s aluminium wire rod price has come in at INR 235,000-242,500 per tonne, up by INR 2,500 per tonne from INR 232,500-240,000 per tonne on...
NALCO grows its aluminium ingot and product prices by INR5000/t on August 17 after a cut ten days ago
National Aluminium Company Limited (NALCO) has significantly increased its aluminium ingot and aluminium product prices with effect from Tuesday, August 17, following a cut of INR 3,400 per tonne more than ten days ago on August 6. The company’s aluminium ingot price is now ranging between INR...
Three-month LME aluminium price slashed to US$2,604.5/t; SHFE slightly up by 0.40% in overnight trading
Three-month LME aluminium dropped 0.25% to close at US$2,604.5 per tonne on Monday. As of Monday August 16, LME aluminium cash (bid) price stands at US$ 2644 per tonne, LME official settlement price stands at US$ 2644 per tonne; 3-months bid price stands at US$ 2626 per tonne, 3-months offer price...
A00 aluminium ingot price in China dips by RMB20/t to stand at RMB20230/t; Caustic soda price inches down by RMB5/t
A00 aluminium ingot price in China has dipped by RMB 20 per tonne on Tuesday, August 17, to come in at RMB 20,230 per tonne, following a hike of RMB 200 per tonne on the previous day, found the Shanghai Metals Market. The average prices are expected to range between RMB 20,210 per tonne and RMB...
China’s alumina price stands at RMB 2644/t; Aluminium alloy (ADC12) price rises by RMB 200/t
The alumina price in China has marked a growth of RMB 13 per tonne. The price stands at RMB 2644 per tonne on Monday, 16 August 2021, from 2631 per tonne, as updated by Shanghai Metals Market. The prices of alumina in Shandong, Henan and Shanxi markets have risen to stand at RMB 2640 per tonne, RMB...
Three-month LME aluminium closed higher at US$2577.50/t; SHFE price rose to US$3133/t
Three-month LME aluminium rose 1.40 per cent to close at US$ 2,577.50 per tonne in the overnight trading of last Friday, and is expected to trade between US$ 2,540-2,620 per tonne today. LME aluminium cash (bid) price and LME official settlement price inched up marginally by US$ 0.50 per tonne to...
Aluminium Downstream Weekly Recap: Novelis accomplishes $150 million Aluminum Rolling and Recycling expansion project in Brazil; AWB Aluminiumwerk Berlin GmbH joins ASI as new Production and Transformation member
The aluminium downstream segment is considered as the major player of the global aluminium industry, however, this week it remained modest from the other segments of the value chain eventually. The Aditya Birla Group-owned Novelis Inc. declared the conclusion of its $150 million investment to...
Primary Aluminium Weekly Recap: LME aluminium price gains US$55/t to stand at US$2602/t; China’s aluminium production grows 1.86% in July
Right from the hike in LME aluminium benchmark price to new consumption restrictions on Chinese aluminium producers, primary aluminium market has spotted some of the important news this week. From US$ 2,547 per tonne on Monday, August 9, both LME aluminium cash (bid) price and LME official...
Hindalco’s aluminium ingot price sees another hike this week to reach at INR 224,500/t
Hindalco Industries Limited has continued to increase its aluminium ingot and aluminium product prices by INR 1,500 per tonne or 0.67 per cent with effect from Friday, August 13. Marking the second consecutive hike this week, Hindalco’s aluminium ingot price has come in at INR 224,500 per tonne...
Vedanta Limited continues to grow aluminium ingot price by INR1500/t w.e.f. August 13
Vedanta Limited has extended growth of its aluminium ingot and aluminium product prices on Friday, August 13. The company’s aluminium ingot price has come in at INR 225,000-238,000 per tonne, up by INR 1,500 per tonne from INR 223,500-236,500 per tonne on August 11. Vedanta’s aluminium wire rod...
A00 aluminium ingot price in China grows by RMB30/t to close the week at RMB20,050/t: SMM
A00 aluminium ingot price in China has climbed by RMB 30 per tonne to close the week, ending on Friday, August 13, at RMB 20,050 per tonne, found the Shanghai Metals Market. The average prices are expected to range between RMB 20,030 per tonne and RMB 20,070 per tonne, with spot contract to be...
LME aluminium price gains US$24/t to stand above US$2600/t; SHFE price continues to decline to US$3090/t
Three-month LME aluminium increased 0.21 per cent to end at US$ 2,580.50 per tonne on Thursday, August 12. LME aluminium cash (bid) price and LME official settlement price built-up US$ 24 per tonne to stand at US$ 2,602 per tonne on Thursday, August 12, following a dip of US$ 1 per tonne in the...
China’s aluminium wire and cable sector’s operating rate drops to 41.12% in July 2021; Likely to recover in August to 45%
Shanghai Metals Market found that aluminium wire and cable sector’s operating rate stood at 41.12 per cent in July 2021, reflecting a drop of 0.2 percentage point from June. But on a year-on-year calculation, it edged 0.4 percentage point higher. The month-on-month decrease in operating rate in...
Alumina price in China inches up to RMB 2631/t; Aluminium price declines by RMB 60/t
The alumina price in China has registered a growth of RMB 26 per tonne. The price has increased to RMB 2631 per tonne on Thursday, 12 August 2021, from 2605 per tonne on August 11, as updated by Shanghai Metals Market. The prices of alumina in Shandong, Henan, Shanxi and Guizhou China markets have...
LME aluminium price inches down to US$2578/t; SHFE price slips by US$9/t to US$3103/t
Three-month LME aluminium dipped 0.04 per cent to end at US$ 2,585 per tonne on Wednesday, August 11. LME aluminium cash (bid) price and LME official settlement price dipped slightly by US$ 1 per tonne to stand at US$ 2,578 per tonne on Wednesday, August 11, following a hike of US$ 32 per tonne in...
