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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Vedanta continues to decrease aluminium ingot price by INR2000/t on Aug. 5 in line with further drop in LME aluminium price
Vedanta Limited has continued to decrease its aluminium ingot and aluminium product prices for the second straight day by INR 2,000 per tonne. With effect from Thursday, August 5, Vedanta’s aluminium ingot price has been reduced to INR 222,500-235,500 per tonne from INR 224,500-237,500 per tonne a...
Century Aluminum reports a 19% rise in Net Sales to $528 million in 2Q2021; Shipments decline by over 4,500 tonnes
Century Aluminum Industry has reported net sales of $528 million for the second quarter of 2021 ended on June 30, an increase of 19 per cent from $444 million driven by higher aluminum prices and increased regional premiums. On Wednesday, August 4, the company unveiled its Q2 financial and...
Three-month LME aluminium settled lower at US$2,562.5/t; SHFE aluminium down 0.3%
Three-month LME aluminium declined 1% to end at US$2,562.5 per tonne on Wednesday. As of Wednesday August 4, LME aluminium cash (bid) price stands at US$ 2575.50 per tonne, LME official settlement price stands at US$ 2575.50 per tonne; 3-months bid price stands at US$ 2580.50 per tonne, 3-months...
China’s A00 aluminium ingot price grows slightly by RMB10/t after three days of decline; Caustic soda price shrinks to RMB1005/t
After decreasing for the past three consecutive days from RMB 19,850 per tonne to RMB 19,730 per tonne, A00 aluminium ingot price in China has inched up by RMB 10 per tonne on Thursday, August 5. According to SMM data, the primary aluminium ingot price is standing at RMB 19,740 per tonne, with...
Hindalco Industries: aluminium products price slips by INR 2,500/t with effect from August 4
Hindalco Industries Limited has cut its aluminium products price by more than 1%. With effect from Wednesday, 04 August 2021, aluminium billets and wire rods prices have come in at INR 231,100 per tonne and INR 235,100 per tonne, which indicates a decline of INR 2,500 per tonne from INR 233,600 per...
Vedanta reduces its aluminium wire rod price by 1% to INR232,000-239,500/t on August 4
Vedanta Limited has decreased its aluminium ingot and aluminium product prices with effect from Wednesday, August 4, in line with the fall in the LME aluminium benchmark price on August 3. Vedanta is currently selling its aluminium wire rod at INR 232,000-239,500 per tonne, down by INR 2,750 per...
NALCO’s aluminium ingot price soars by over INR10,000/t w.e.f. July 31; Present selling price is at INR225,250-228,750/t
National Aluminium Company Limited (NALCO) has sharply increased its aluminium ingot price by INR 10,100 per tonne or 4.7 per cent with effect from Saturday, July 31. This soar in price has brought the company’s aluminium ingot price to INR 225,250-228,750 per tonne compared to INR 215,150- 218,650...
LME aluminium price closes lower at US$2595.50/t after four days of hike in a row; SHFE price drops by US$10/t
Three-month LME aluminium edged down 0.94 per cent to close at US$ 2,588.50 per tonne on Tuesday, with open interest losing 12,000 lots to 670,000 lots. LME aluminium cash (bid) price and LME official settlement price decreased by US$ 39.50 per tonne to stand at US$ 2,595.50 per tonne on Tuesday,...
Alumina price in China grows to stand at RMB 2584/t; Aluminium price declines for the three days in a row
The alumina price in China has marked a growth of RMB 13 per tonne. The price has inched up to RMB 2584 per tonne on Wednesday, 04 August 2021, from 2571 per tonne, as updated by Shanghai Metals Market. The prices of alumina in Henan, Shanxi, Guizhou and Guangxi China markets have risen to stand at...
Three-month LME aluminium closed higher at US$2,613/t; SHFE aluminium up slightly
Three-month LME aluminium inched up 0.6% to close at US$2,613 per tonne on Monday, 02 August 2021. As of Monday August 2, LME aluminium cash (bid) price stands at US$ 2635 per tonne, LME official settlement price stands at US$ 2635 per tonne; 3-months bid price stands at US$ 2628.50 per tonne,...
China’s A00 aluminium ingot price drops by RMB30/t for the second straight day; Prebaked anode price grows to RMB4565/t
According to the Shanghai Metals Market, A00 aluminium ingot price in China has further decreased by RMB 30 per tonne on Tuesday, August 3, to stand below RMB 19,800 per tonne. Data shows the price has come in at RMB 19,790 per tonne, with average prices likely to range between RMB 19,770 per tonne...
Hindalco’s aluminium ingot price sees a sharp hike of INR5750/t with effect from July 31
Hindalco Industries Limited significantly increased its aluminium ingot and aluminium product prices on Saturday, July 31, which marked the fourth consecutive time of hike. The company’s aluminium ingot price came in at INR 226,500 per tonne, up by INR 5,750 per tonne from INR 220,750 per tonne on...
Vedanta sees INR 5,750/t hike in its aluminium ingots price
Vedanta has further hiked its aluminium products price by more than 2%. With effect from Saturday, July 31 2021, the prices of some aluminium ingots have come in at INR 227,250-240,250 per tonne, an increase of INR 5,750 per tonne from INR 221,500-234,500- per tonne on July 30. The billets price...
China’s alumina price edges higher by RMB 18/t; Prebaked anode price in East China market stands at RMB 4875/t
As updated by Shanghai Metals Market, the alumina price in China has registered a hike after remaining flat on Friday. The price has inched up by RMB 18 per tonne on Monday, 2 August, 2021 to stand at RMB 2571 per tonne, from 2553 per tonne. Alumina price in Shandong has risen by RMB 20 per tonne...
LME aluminium price soared US$67.50/t to close at US$2624/t; SHFE price inched down US$4/t
Three-month LME aluminium inched up 0.04 per cent to end at US$ 2,597.50 per tonne on Friday, with open interest increasing 5,575 lots to 676,000 lots, and is expected to trade between US$ 2,570-2,620 per tonne today. LME aluminium cash (bid) price and LME official settlement price soared by US$...
Primary Aluminium Weekly Recap: Vedanta reports excellent performance in June quarter with a four-fold rise in net profit, aluminium remains the major contributor; Rusal’s 2Q2021 Result: Aluminium production grows marginally to 936,000 tonnes, sales climb 8% to 1.038MT
The primary aluminium segment remained quite highlighted during the week. The June quarter and H1 2021 results are gradually getting released. In most cases, the results showcase a heavy rise in revenue due to the global surge in aluminium price and the Covid-19 pandemic is the root cause. Anil...
Weekly update: Aluminium ingot price in China saw mixed performance over the week; Alumina price ended flat
SMM aluminium ingot price witnessed fluctuations over the week. The week started with an increase of RMB 300 per tonne to stand at RMB 19630 per tonne on Monday. The price settled lower at RMB 19450 per tonne and RMB 19370 per tonne on Tuesday July 27 and Wednesday July 28. But the week ended...
NALCO aluminium ingot price gains INR3900/t to stand at INR215,150- 218,650/t this week
National Aluminium Company Limited (NALCO) has increased its aluminium ingot and aluminium product prices with effect from Wednesday, July 28, following a cut on July 23. The hike has brought in the aluminium ingot price at INR 215,150- 218,650 per tonne, up by INR 3,900 per tonne or 1.85 per cent...
