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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LME aluminium price surged by US$124.50/t this week to settle at US$2624/t; SHFE price grew 1.72% to US$3077/t
LME aluminium cash (bid) price and LME official settlement price trended up this week by US$ 124.50 per tonne, with one intermittent drop. Starting the week at US$ 7.50 per tonne higher at US$ 2,499.50 per tonne on Monday, July 26, both LME aluminium cash (bid) price and LME official settlement...
Vedanta continues to increase its aluminium product prices by INR3000/t in line with LME aluminium price rally
Vedanta Limited has continued to expand its aluminium ingot and aluminium product prices in line with the steady growth in the LME aluminium benchmark price. With effect from Friday, July 30, Vedanta's aluminium wire rod price has come in at INR 229,000-236,500 per tonne, up by INR 3,000 per tonne...
Hindalco further grows its aluminium ingot price to INR220,750/t with effect from July 30
Hindalco Industries Limited has increased its aluminium ingot and aluminium product prices for the third time in a row, with effect from Friday, July 30. The company’s aluminium ingot price has come in at INR 220,750 per tonne, gaining INR 2,750 per tonne from the previous day. On July 29, Hindalco...
LME aluminium price closes 1.61% higher at US$2556.50/t; SHFE price grows to US$3077/t
Three-month LME aluminium closed 2.99 per cent higher at US$ 2,596.50 per tonne on Thursday, with open interest increasing 1,850 lots to 670,000 lots, and is expected to trade between US$ 2,550-2,600 per tonne today. LME aluminium cash (bid) price and LME official settlement price jumped by US$...
China's A00 aluminium ingot price closes this week at RMB19850/t; Aluminium alloy (A356) price surges by RMB350/t
A00 aluminium ingot price in China has extended its growth by RMB 350 per tonne to end the week on Friday, July 30, at RMB 19,850 per tonne, found the Shanghai Metals Market. The average prices are expected to range between RMB 19,830 per tonne and RMB 19,870 per tonne, with spot contract to be...
Hindalco Industries: Aluminium billets price increases by INR 2,000/t to INR 225,100 per tonne on July 29
Hindalco Industries Limited has continued to hike its aluminium products price. With effect from Thursday, 29 July 2021, aluminium billets and wire rods prices stand at INR 225,100 per tonne and INR 229,100 per tonne. That marked a growth of INR 2,000 per tonne from INR 223,100 per tonne and INR...
AMAG Austria Metall AG reports remarkable earnings in H1 2021
AMAG Austria Metall AG, the biggest company in the Austrian Aluminium industry sector pursued to benefit from the positive market environment after an enterprising start to the first quarter of 2021. The Meta Division is flying remarkably high especially due to attractive aluminium prices and...
Vedanta Ltd grows aluminium wire rod and billet prices by INR1750/t with effect from July 29
Vedanta Limited has further increased its aluminium ingot and aluminium products prices, although lower than the previous day, with effect from Thursday, July 29. This marks a growth for the second consecutive time since July 24, bringing Vedanta’s aluminium ingot price to INR 218,500-231,500 per...
Bauxite price in Henan climbs by RMB42.5/t; Alumina price stands at RMB 2553/t
The Bauxite (4.5≤Al/Si＜5.5) price in Henan stood at RMB 430 per tonne on Thursday, 29 July 2021, an increase of RMB 42.5 per tonne after remaining restrained since July 12. The average price is expected to range between RMB 400-460 per tonne. Prices of bauxite remain unchanged in all the three...
LME aluminium price exceeds US$2500/t by gaining US$18.50/t; SHFE price settles at 1.17% higher
Three-month LME aluminium closed 1.45 per cent higher at US$ 2,521 per tonne on Wednesday, with open interest decreasing 943 lots to 668,000 lots, and is expected to trade between US$ 2,500-2,550 per tonne today. LME aluminium cash (bid) price and LME official settlement price again exceeded US$...
LME aluminium price closes lower at US$2497.50/t; SHFE price plunges by US$52/t to US$2984/t
Three-month LME aluminium closed 0.78 per cent lower at US$ 2,485 per tonne on Tuesday, with open interest increasing 3,728 lots to 669,000 lots, and is expected to trade between US$ 2,470-2,530 per tonne today. LME aluminium cash (bid) price and LME official settlement price inched down by US$ 2...
Alumina spot price in China grows by RMB23/t after three days of restraint; A00 aluminium ingot price comes below RMB19500/t
The average alumina spot price in China has recorded an increase of RMB 23 per tonne on Wednesday, July 28, after remaining restrained for the past three days at RMB 2,520 per tonne. According to the Shanghai Metals Market data, the hike today has brought the average alumina spot price to RMB 2,543...
China’s aluminium price stands at RMB 19540/t; Aluminium alloy (ZLD102) drops by RMB 100/t
SMM aluminium ingot price registered a drop after two days of hike. The price stood at RMB 19540 per tonne on Tuesday, July 27 2019, a decline of RMB 90 per tonne from RMB 19630 per tonne on July 26. The price is expected to move within a range of RMB 19520-19560 per tonne today. In Foshan and...
LME aluminium price nears US$2500/t; SHFE price climbs by US$11/t to reach at US$ 3036/t
Three-month LME aluminium closed 0.16 per cent lower at US$ 2,504 per tonne in the overnight trading yesterday, with open interest decreasing 1,056 lots to 665,000 lots, and is expected to trade between US$ 2,470-2,530 per tonne. LME aluminium cash (bid) price and LME official settlement price...
Hindalco Industries: Aluminium billets and wire rods prices rise by INR 4,250/t
Hindalco Industries Limited has raised its aluminium products price by 2%. With effect from Saturday, 24 July 2021, aluminium billets and wire rods prices stand at INR 223,100 per tonne and INR 227,100 per tonne, a jump of INR 4,250 per tonne from July 20’s price of INR 218,850 per tonne and INR...
A00 aluminium ingot price in China grows above RMB19500/t; Aluminium alloys(ADC12) price gains RMB200/t
A00 aluminium ingot price in China has opened the week on Monday, July 26, with a surge of RMB 300 per tonne to come in at RMB 19,630 per tonne. The average prices are expected to range between RMB 19,610 per tonne and RMB 19,650 per tonne, with spot contract to be traded at a premium price of RMB...
Three-month LME aluminium closed the week higher at US$2,508.5/t; SHFE aluminium increased 1.31%
Three-month LME aluminium rose 1.74% to close at US$2,508.5 per tonne in the overnight trading of last Friday. As of Friday July 23, LME aluminium cash (bid) price stands at US$ 2492per tonne, LME official settlement price stands at US$ 2492 per tonne; 3-months bid price stands at US$ 2504 per...
Vedanta hikes its aluminium ingot price by INR 4,500/t on July 24
Vedanta has raised its aluminium products price by more than 2%. With effect from Saturday, July 24 2021, the prices of some aluminium ingots have risen by INR 4,500 per tonne to stand at INR 216,750-229,750 per tonne, from INR 212,250-225,250- per tonne on July 20. The billets price stands at INR...
