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 Industries: aluminium products price registers a hike of INR 3,000 per tonne
Hindalco Industries Limited has hiked its aluminium products price after cutting the price of the same products yesterday. With effect from Wednesday, 11 August 2021, aluminium billets and wire rods prices have come in at INR 230,100 per tonne and INR 234,100 per tonne, a growth of INR 3,000 per...
Vedanta’s aluminium billet price recovers from the decline by INR3000/t on August 11
Vedanta Limited has increased its aluminium product prices on August 11, a day after it significantly reduced the prices on August 10. The latest hike has brought the company’s aluminium billet price to INR 231,500 per tonne, up by INR 3,000 per tonne from INR 228,500 per tonne. Vedanta’s aluminium...
Three-month LME aluminium closed higher at US$2,586/t; SHFE aluminium inched up
Three-month LME aluminium increased 1.25% to end at US$2,586 per tonne on Tuesday. As of Tuesday August 10, LME aluminium cash (bid) price stands at US$ 2579 per tonne, LME official settlement price stands at US$ 2579 per tonne; 3-months bid price stands at US$ 2585 per tonne, 3-months offer price...
A00 aluminium ingot price in China exceeds RMB20,000/t; Alumina spot price inches up by RMB2/t
On Wednesday, August 11, A00 aluminium ingot price in China has jumped by RMB 210 per tonne to stand above RMB 20,000 per tonne, following the two consecutive days of decline. According to the Shanghai Metals Market data, the price has come in at RMB 20,080 per tonne as of August 11, with average...
Hindalco Industries reduces its aluminium products price by INR 5,500/t
Hindalco Industries Limited has cut its aluminium products price by INR 5,500 per tonne. With effect from Tuesday, 10 August 2021, aluminium billets and wire rods prices have come in at INR 227,100 per tonne and INR 231,100 per tonne. This is down by more than 2% from INR 232,600 per tonne and INR...
Vedanta’s aluminium wire rod price sees a sharp decline of INR5500/t on August 10
Vedanta Limited has sharply reduced its aluminium product prices with effect from Tuesday, August 10, in tandem with the plunge in LME aluminium benchmark price on August 9. Vedanta’s aluminium wire rod price has seen a cut of INR 5,500 per tonne or 2.30 per cent on Tuesday and standing at INR...
China’s aluminium ingot price drops to RMB 19870/t; Aluminium alloy (A356) price falls by RMB50/t
SMM aluminium ingot price declined for the two days in a row. The price dropped by RMB 50 per tonne to RMB 19870 per tonne on Tuesday, August 10, from RMB 19890 per tonne on August 9. The price is expected to move within a range of RMB 19850-19890 per tonne today. In Foshan and Wuxi, the price...
LME aluminium price closed US$71.50/t lower at US$2547/t; SHFE price decreased to US$3064/t
Three-month LME aluminium dropped 1.14 per cent to end at US$ 2,554 per tonne last night. LME aluminium cash (bid) price and LME official settlement price plunged by US$ 71.50 per tonne on Monday, August 9, to stand at US$ 2,547 per tonne, following an increase in the previous day from US$ 2,583.50...
Press Metal’s earnings to escalate in Q2, driven by higher aluminium price: RHB Investment Bank Bhd
The Malaysian aluminium producer, PRESS Metal Aluminium Holdings Bhd’s Q2 2021 earnings are estimated to escalate 30%-40% to RM265-RM285 million, which is triggered by a higher London Metal Exchange (LME) spot average of $2,400 per tonne and enhanced smelting output. One of the most recognised...
Vedanta raises its aluminium ingots price by INR 3,500/t
Vedanta has increased its aluminium products price by more than 1%. With effect from Saturday, August 7 2021, the prices of some aluminium ingots have stood at INR 226,000-239,000 per tonne, an increase of INR 3,500 per tonne from INR 222,500-235,500- per tonne on August 5. The billets price stands...
Hindalco’s aluminium ingot price builds-up INR3500/t after two back-to-back cuts
Hindalco Industries Limited has increased its aluminium ingot and aluminium product prices with effect from Saturday, August 7, in line with two consecutive hikes on August 5 & 6 from US$ 2,575.50 per tonne to US$ 2,618.50 per tonne. Hindalco’s aluminium ingot price has been raised by INR 3,500 per...
Three-month LME aluminium slightly dropped to US$2,583.5/t; SHFE aluminium inched up 1.07%
Three-month LME aluminium dropped 0.12% to end at US$2,583.5 per tonne last Friday. As of Friday August 6, LME aluminium cash (bid) price stands at US$ 2618.50 per tonne, LME official settlement price stands at US$ 2618.50 per tonne; 3-months bid price stands at US$ 2621.50 per tonne, 3-months...
Alumina spot price in China grows for the second day in a row by RMB11/t; A00 aluminium ingot price declines to RMB19890/t
The average alumina spot price in China has opened the week on Monday, August 9, with an increase of RMB 11 per tonne to RMB 2,603 per tonne. This marks the second consecutive day of hike, following a rise of RMB 8 per tonne from RMB 2,584 per tonne to RMB 2,592 per tonne. In Shanxi and Shandong,...
NALCO’s aluminium ingot price sees a downfall of INR3400/t with effect from August 6
National Aluminium Company Limited (NALCO) has reduced its aluminium ingot and aluminium product prices with effect from Friday, August 6, following a sharp hike in the previous week. NALCO’s aluminium ingot price is currently ranging between INR 221,850-225,350 per tonne, down by INR 3,400 per...
Weekly update: Aluminium ingot price in China saw mixed performance; Alumina price ended higher this week
SMM aluminium ingot price performed lower, except Thursday and Friday. The week started with a decrease of RMB 30 per tonne to stand at RMB 19820 per tonne on Monday, 02 August. The price settled lower at RMB 19790 per tonne and RMB 19730 per tonne on Tuesday and Wednesday. But the week ended...
China’s alumina price continues to rise; Aluminium alloy (ADC12) price climbs to RMB 19300/t
The alumina price in China has registered a hike of RMB 8 per tonne after remaining flat yesterday. The price has climbed to RMB 2592 per tonne on Friday, 06 August 2021, from 2584 per tonne, as updated by Shanghai Metals Market. The prices of alumina in Henan and Shanxi have risen by RMB 10 per...
LME aluminium price rose US$8/t to stand at US$2583.50/t; SHFE price gained US$26/t to US$3077/t
Three-month LME aluminium closed 0.94 per cent higher to stand at US$ 2,586.50 per tonne on Thursday, August 5. LME aluminium cash (bid) price and LME official settlement price rose by US$ 8 per tonne to stand at US$ 2,583.50 per tonne on Thursday, August 5. 3-months bid price and 3-months offer...
Hindalco Industries slashes its aluminium products price by INR 2,000/t
Hindalco Industries Limited has further slashed its aluminium products price today. With effect from Thursday, 05 August 2021, aluminium billets and wire rods prices stand at INR 229,100 per tonne and INR 233,100 per tonne. This marks a drop of INR 2,000 per tonne from INR 231,100 per tonne and INR...
