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 slashes its aluminium ingot price by INR 1,250/t
Vedanta has cut its aluminium products price after raising it for the two days in a row. With effect from Friday July 16 2021, the prices of some aluminium ingots stood at INR 217,250-230,250 per tonne, a drop of by INR 1,250 per tonne from INR 218,500-231,500 per tonne on July 15. The billets...
Weekly update: Aluminium ingot price in China performed higher this week; Alumina price remained flat
SMM aluminium ingot price performed higher this week. The week started with an increase of RMB 210 per tonne and RMB 100 per tonne on Monday and Tuesday to RMB 19060 per tonne and RMB 19160 per tonne. The price then dropped to RMB 19140 per tonne, down RMB 20 per tonne on Wednesday. Aluminium price...
Weekly Aluminium Downstream Recap: Sanjeev Gupta battles to save its Belgian aluminium rolling mill from US equity firm AIP; Alucast’s £200,000 investment supports to bounce back from pandemic
The global aluminium downstream sector is gradually regaining its power following the severe crisis rooted in multiple waves of the Covid-19 pandemic. The Indian born British metal magnate Sanjeev Gupta battles to save its Belgian aluminium rolling mill from US equity firm AIP and the British firm...
LME aluminium price rose US$44/t this week to close at US$2493/t; SHFE price grew to US$3015/t
LME aluminium cash (bid) price and LME official settle price increased this week during July 12-16 by US$ 44 per tonne or 1.80 per cent despite two consecutive declines at the end of the week. The prices opened the week on Monday, July 12, at US$ 2,449 per tonne, decreasing by US$ 21 per tonne from...
Hindalco Industries: Aluminium wire rods price inches up to INR 228,850/t
Hindalco Industries Limited has further hiked its aluminium products price. With effect from Friday, 15July 2021, aluminium billets and wire rods prices stand at INR 224,850 per tonne and INR 228,850 per tonne, an increase of INR 2,500 per tonne from INR 222,350 per tonne and INR 226,350 per tonne...
Alcoa reports highest profitability since inception with $309 million net income in 2Q2021
On Friday, July 16, Alcoa Corporation reported the highest profitability since inception in 2016 with record quarterly net income and earnings per share, attributing to strong aluminium pricing with improved customer demand, stable operational performance, and additional cash generation through...
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China’s aluminium alloy (A356) price hit RMB20,000/t mark on July 16; A00 aluminium ingot price grows to RMB19,410/t
According to the Shanghai Metals Market, aluminium alloys prices have closed the week on Friday, July 16, on a positive note across China. Aluminium alloy (A356) price has grown by RMB 150 per tonne to touch the mark of RMB 20,000 per tonne. The average prices are expected to range between RMB...
Vedanta’s aluminium ingot price climbs by 1.27% to INR 218,500-231,500/t with effect from July 15
Vedanta has continued to raise its aluminium products price. With effect from Thursday, July 15 2021, the prices of some aluminium ingots have come in at INR 218,500-231,500 per tonne, up by INR 2,750 per tonne or 1.27% from INR 215,750-228,750 per tonne on July 14. The billets price stands at INR...
Three-month LME aluminium slightly down to US$2,511/t; SHFE aluminium increased 0.7%
Three-month LME aluminium fell 0.24% on Thursday, July 15, 2021. The price closed at US$2,511 per tonne on Thursday. As of Thursday July 15, LME aluminium cash (bid) price stands at US$ 2495 per tonne, LME official settlement price stands at US$ 2495 per tonne; 3-months bid price stands at US$...
Hindalco Industries’ aluminium billets price grows by INR 2,500/t with effect from July 14
Hindalco Industries Limited has raised its aluminium products price by INR 2,500 per tonne or more than 1%. With effect from Wednesday, 14 July 2021, aluminium billets and wire rods prices stand at INR 222,350 per tonne and INR 226,350 per tonne. That was an increase of INR 2,500 per tonne from INR...
NALCO reduces its aluminium ingot price by over 1.5% to INR214,050-217,550/t w.e.f. July 14
National Aluminium Company Limited (NALCO) has decreased its aluminium ingot and aluminium products prices, following a hike last week, June 7. With effect from Wednesday, July 14, NALCO’s aluminium ingot price has come in at INR 214,050-217,550 per tonne, down by INR 3,700 per tonne or 1.7 per...
China’s aluminium price inches up by RMB 140/t; Aluminium alloy (ADC12) price stands at RMB 18500/t
SMM aluminium ingot price marked a hike of RMB 140 per tonne. The price stood at RMB 19280 per tonne on Thursday, July 15, 2021, from RMB 19140 per tonne on July 14. The price is expected to move within a range of RMB 19260-19300 per tonne today. In Foshan and Wuxi, the price rose by RMB 150 per...
Cameroon’s aluminium producer ALUCAM suspends formerly declared 8% price rise
The Cameroonian aluminium producer ALUCAM on 13th July 2021 puts suspension on its declared around 8% price rise which was effective from 12th July 2021. The aluminium company did not come up with any clarifications; expect it stipulated that the cause of suspension remains in the hands of internal...
LME aluminium price closed 1.25% higher to reach above US$2500/t; SHFE price stood at US$2987/t
Three-month LME aluminium fell 0.36 per cent to close at US$ 2,517 per tonne on Wednesday. It is expected that the contract will trade between US$ 2,480-2,550 per tonne today. LME aluminium cash (bid) price and LME official settlement price grew further by US$ 31 per tonne or 1.25 per cent to stand...
Vedanta reports INR 2,500/t hike in its aluminium ingot price
Vedanta has hiked its aluminium products price by more than 1%. With effect from Wednesday, July 14 2021, the prices of some aluminium ingots have increased by INR 2,500 per tonne to stand at INR 215,750-228,750 per tonne, from INR 213,250-226,250- per tonne on July 13. The billets price stands at...
China’s A00 aluminium ingot price slips by RMB20/t after three days of hike; Aluminium alloy (A356) price grows to RMB19750/t
A00 aluminium ingot price in China has recorded a dip of RMB 20 per tonne on Wednesday, July 14, following the past three consecutive days of decline, found the Shanghai Metals Market. Therefore, the price is standing at RMB 19,140 per tonne, with average prices expected to range between RMB 19,120...
Three-month LME aluminium climbs 1.76% to close at US$2,538/t; SHFE aluminium increases 0.31%
Three-month LME aluminium rose 1.76% to close at US$2,538 per tonne on Tuesday. SMM expects the contract to trade between US$2,480-2,550 per tonne today. As of Tuesday July 13, LME aluminium cash (bid) price stands at US$ 2478 per tonne, LME official settlement price stands at US$ 2478 per tonne;...
Hindalco Industries cuts its aluminium ingot price by 1% to INR212750/t on July 13
Hindalco Industries Limited decreased its aluminium ingot and aluminium products prices by INR 2,250 per tonne or 1 per cent with effect from Tuesday, July 13. This has brought the company’s aluminium ingot price to INR 212,750 per tonne from INR 215,000 per tonne on July 10. Hindalco Industries’...
