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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Primary Aluminium Weekly Recap: LME aluminium price trended up this week to US$2449/t; South32 reported a 3% Q-o-Q rise in aluminium production in 4QFY21
The world primary aluminium market has been eventful this week right from reporting a hike in the LME aluminium benchmark price to marking five successful decades of the Gulf Aluminium Industry. Both LME aluminium cash (bid) price and LME official settlement price increased this week starting at...
NALCO’s aluminium ingot price declines to INR211,250-214,750/t with effect from July 23
National Aluminium Company Limited (NALCO) has decreased its aluminium ingot price by INR 4,000 per tonne with effect from Friday, July 23. This has brought the price to INR 211,250-214,750 per tonne versus INR 215,250- 218,750 per tonne on last Saturday, July 17. NALCO’s aluminium billets price...
China’s aluminium price jumps by RMB 270/t; Aluminium alloy (ADC12) price rises to RMB 18850/t
SMM aluminium ingot price increased by RMB 270 per tonne from Thursday. The price stood at RMB 19330 per tonne on Friday, July 23, 2021, from RMB 19060 per tonne. The price is expected to move within a range of RMB 19310-19350 per tonne today. In Foshan and Wuxi, the price inched up by RMB 270 per...
LME aluminium price grows for the second day in a row to US$2449/t; SHFE price gains US$32/t to US$2985/t
Three-month LME aluminium rose 0.33 per cent to close at US$ 2,465.50 per tonne on Thursday, July 22. LME aluminium cash (bid) price and LME official settlement price increased for the second day in a row by US$ 17 per tonne to come in at US$ 2,449 per tonne on Thursday, July 22. 3-months bid price...
Three-month LME aluminium closed 0.39% higher on Wednesday; SHFE aluminium contract shed 1.59%
Three-month LME aluminium rose 0.39% to close at US$2,457.5 per tonne on Wednesday. As of Wednesday July 21, LME aluminium cash (bid) price stands at US$ 2432 per tonne, LME official settlement price stands at US$ 2432 per tonne; 3-months bid price stands at US$ 2449 per tonne, 3-months offer price...
Alumina spot price in China climbs by RMB31/t after a week-long restraint; A00 aluminium ingot price slips to RMB19060/t
According to the Shanghai Metals Market, the average alumina spot price in China has increased by RMB 31 per tonne after remaining restrained at RMB 2,489 per tonne for a week. Thus, the price has come in at RMB 2,520 per tonne as of Thursday, July 22. In Henan, the average alumina price has gained...
China to release 90,000 tonnes of aluminium in the second batch on July 29
According to a recent report, China National Food and Strategic Reserves Administration will release 90,000 tonnes of aluminium from state reserves in the second batch on July 29. Companies can apply for the bidding during July 21-26. This news followed the National Development and Reform...
China’s aluminium ingot price climbs to RMB 19090/t; Aluminium alloy (A356) price rises by RMB50/t
SMM aluminium ingot price increased by RMB 50 per tonne after two days of decline. The price came in at RMB 19090 per tonne on Wednesday, July 21, 2021, from RMB 19040 per tonne on July 20. The price is expected to move within a range of RMB 19070-19110 per tonne today. In Foshan and Wuxi, the...
LME aluminium price grows marginally to US$2424.50/t; SHFE price edges 0.72% higher at US$2952/t
Three-month LME aluminium rose 1.16 per cent to close at US$ 2,448 per tonne on Tuesday. LME aluminium cash (bid) price and LME official settlement price inched down marginally by US$ 0.50 per tonne to stand at US$ 2,424.50 per tonne on Tuesday, July 20. 3-months bid price and 3-months offer price...
Vedanta’s aluminium ingot price falls by INR 5,000 with effect from July 20
Vedanta has slashed its aluminium products price for the two days in a row. With effect from Tuesday July 20 2021, the prices of some aluminium ingots came in at INR 212,250-225,250 per tonne, down by more than 2% or INR 5,000 per tonne from INR 217,250-230,250 per tonne on July 16. The billets...
Hindalco’s aluminium ingot price sees a sharp fall of INR6000/t to INR211750/t w.e.f. July 20
Hindalco Industries Limited has sharply reduced its aluminium ingot and aluminium products prices with effect from Tuesday, July 20, following the two consecutive hikes last week. Hindalco’s aluminium ingot price has witnessed a cut of INR 6,000 per tonne on July 20 to come in at INR 211,750 per...
Three-month LME aluminium opened the week lower at US$2,420/t; SHFE aluminium dropped 1.13%
Three-month LME aluminium fell 2.77% to close at US$2,420 per tonne on Monday, 19 July 2021. As of Thursday July 19, LME aluminium cash (bid) price stands at US$ 2425 per tonne, LME official settlement price stands at US$ 2425 per tonne; 3-months bid price stands at US$ 2446per tonne, 3-months...
China's A00 aluminium ingot price continues to decline to RMB19040/t; Aluminium alloy(A356) price plunges by RMB300/t
A00 aluminium ingot price in China has continued to decrease for the second straight day to come close to RMB 19,000 per tonne. According to the Shanghai Metals Market, the price has plunged by RMB 290 per tonne to settle at RMB 19,040 per tonne on Tuesday, July 20.The average prices are expected...
China to continue release aluminium from state reserves in batches: Source
The National Development and Reform Commission (NDRC) said on Monday, July 19, that China would continue to release aluminium from state reserves to lower the metal price. In a rare move aimed at cooling a rally in metal prices that has moved up raw materials costs for Chinese downstream aluminium...
NALCO increases aluminium ingot price by INR1200/t to INR215250- 218750/t w.e.f. July 17
National Aluminium Company Limited (NALCO) increased its aluminium ingot and aluminium products prices by INR 1,200 per tonne or 0.55 per cent with effect from Saturday, July 17. That brought the aluminium ingot price to INR 215250- 218750 per tonne versus INR 214,050-217,550 per tonne on...
China’s aluminium ingot price drops by RMB 80/t; Aluminium alloy (ZLD102) price stands lower at RMB20,000/t
SMM aluminium ingot price marked a decline of RMB 80 per tonne in Monday, 19 July, 2021. The price stood at RMB 19330 per tonne, from RMB 19410 per tonne on July 16. The price is expected to move within a range of RMB 19310-19350 per tonne today. In Foshan and Wuxi, the price dropped by RMB 60 per...
LME aluminium price dips by US$2/t to close at US$2493/t; SHFE price declines below US$3000/t
Three-month LME aluminium closed Friday trading at 0.88 per cent lower. LME aluminium cash (bid) price and LME official settlement price inched down by US$ 2 per tonne to stand at US$ 2,493 per tonne on Friday, July 16. Meanwhile, 3-months bid price and 3-months offer price remained restrained at...
Primary Aluminium Weekly Recap: European aluminium seeks exclusion from carbon border adjustment mechanism; Vedanta’s aluminium production up 17% Y-o-Y in 1QFY22
Primary aluminium sector saw major developments this week. LME aluminium cash (bid) price and LME official settle price increased this week, while SMM aluminium ingot price performed higher Let's explore: European aluminium producers are seeking exclusion from the first phase of the European...
