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 reduces its aluminium wire rod and billet prices by INR2250/t or 1% with effect from July 13
Vedanta Limited has reduced its aluminium products and aluminium ingot prices with effect from Tuesday, July 13, in line with the decline in LME aluminium benchmark price on Monday, July 12. Vedanta’s aluminium wire rod price has come in at INR 220,750- 228,250 per tonne, up by INR 2,250 per tonne...
ALUCAM raises aluminium price by 8% with effect from July 12
On 12th July 2021, the aluminium producer of Cameroon, ALUCAM, which not only feed the domestic demand but also export to other African nations, has decided to raise its aluminium prices by 8% on average, as confirmed by credible sources. The aluminium producer explicates that its decision to raise...
Alumina price in China rises by RMB 4/t; Aluminium Fluoride price stands at RMB 7450/t
As updated by Shanghai Metals Market, average spot alumina price in China has increased by RMB 4 per tonne on Tuesday, July 13, 2021 after remaining flat since June 7. The price has come in at RMB 2489 per tonne today, from RMB 2485 per tonne. The price of alumina in Shanxi has risen to stand at...
LME aluminium price opened the week lower at US$2449/t; SHFE price grew to US$2971/t
Three-month LME aluminium fell 0.06 per cent to close at US$ 2,492.50 per tonne on Monday. It is expected to trade between US$ 2,480-2,550 per tonne today. LME aluminium cash (bid) price and LME official settlement price opened the week on Monday, July 12, at US$ 2,449 per tonne, down by US$ 21 per...
Vedanta raises its aluminium ingots price by INR 2,750/t on July 10
Vedanta has raised its aluminium products price after cutting the price of same product on July 9. With effect from Saturday, July 10 2021, the prices of some aluminium ingots have risen by INR 2,750 per tonne to stand at INR 215,500-228,500 per tonne, from INR 212,750-225,750- per tonne on July 9....
Hindalco’s aluminium wire rod price grows by INR2750/t with effect from July 10
Hindalco Industries Limited increased its aluminium products and aluminium ingot prices on Saturday, July 10, a day soon after it sharply reduced the prices. The company grew its aluminium wire rod price by INR 2,750 per tonne to sell the product at INR 226,100 per tonne. On Friday, July 9,...
Bauxite (4.5≤Al/Si＜5.5) Henan price grows RMB27.50/t after a month-long restraint; A00 aluminium ingot price soars above RMB19000/t
After a month-long restraint, bauxite (4.5≤Al/Si＜5.5) Henan price has increased by RMB 27.50 per tonne to stand at RMB 387.50 per tonne as of Monday, July 12, found the Shanghai Metals Market. The average prices are expected to range between RMB 365-410 per tonne. Among other primary aluminium...
Three-month LME aluminium closed the week higher at US$2,494/t; SHFE aluminium increased 0.32%
Three-month LME aluminium rose 1.78% to close at US$2,494 per tonne on Friday. SMM expects the contract to trade between RMB18,800-19,200 per tonne today. As of Friday July 9, LME aluminium cash (bid) price stands at US$ 2470 per tonne, LME official settlement price stands at US$ 2470per tonne;...
Primary Aluminium Weekly Recap: Alcoa Corporation to supply low-carbon primary aluminum EcoLumTM to Erbslöh Aluminium; China’s state metal reserves sold 50,000 tonnes of aluminium
Primary aluminium sector witnessed China’s state metal reserves took only one of two days allotted of the auction to sell 50,000 tonnes of aluminium. LME official settlement price extended decline for the third day in a row, while SMM aluminium price performed mixed this week. Let's summarize some...
Hindalco’s aluminium ingot price sees a sharp cut of 3% or INR7000/t with effect from July 9
Hindalco Industries Limited has reduced its aluminium ingot price by 3 per cent or INR 7,000 per tonne with effect from Friday, July 9, bringing it to INR 212,250 per tonne from INR 219,250 per tonne on July 3. With the latest cut, Hindalco is selling its aluminium wire rod at INR 223,350 per...
China’s aluminium price inches up to RMB 18850/t; expected to range at RMB 18830-18870/t
SMM aluminium ingot price stands at RMB 18850 per tonne on Friday, July 9, 2021, marking an increase of RMB 30 per tonne from Thursday’s price of RMB 18820 per tonne. The price is expected to move within a range of RMB 18830-18870 per tonne. In Foshan, the price has increased by RMB 20 per tonne to...
Vedanta sharply cuts its aluminium wire rod and billet prices by INR7000/t with effect from July 9
Vedanta Limited has slashed its aluminium products and aluminium ingot prices after a week since it increased the prices by INR 4,000 per tonne on July 3. The company has decreased its aluminium wire rod and aluminium billet prices sharply by INR 7,000 per tonne or 3 per cent with effect from...
LME aluminium price declined for the third consecutive day to US$2435/t; SHFE price closed US$3/t higher
Three-month LME aluminium fell 1.49 per cent to close at US$ 2,450.50 per tonne on Thursday. It is expected to trade between US$ 2,410-2,480 per tonne today. LME aluminium cash (bid) price and LME official settlement price extended decline for the third day in a row sharply by US$ 73.50 per tonne...
NALCO hikes its aluminium ingot price for the third time in a row to INR217,750-221,250/t on July 7
National Aluminium Company Limited’s (NALCO) aluminium ingot and aluminium products prices have extended their hikes for the third time in a row, from June 25 to July 7. With the latest rise on Wednesday, July 7, NALCO’s aluminium ingot price has come in at INR 217,750-221,250 per tonne, up by INR...
Three-month LME aluminium fell to close at US$2,487.5/t; SHFE aluminium dropped 1.2%
Three-month LME aluminium fell 0.74% to close at US$2,487.5 per tonne on Wednesday. SMM expects the contract to trade between US$2,480-2,560 per tonne today. As of Wednesday, July 7, LME aluminium cash (bid) price stands at US$ 2508.50per tonne, LME official settlement price stands at US$...
A00 aluminium ingot price in China extends decline to RMB18820/t; Caustic soda (32% concentration) price gains RMB20/t
A00 aluminium ingot price in China has extended its decline by RMB 20 per tonne to come in at RMB 18,820 per tonne on Thursday, July 8, found the Shanghai Metals Market data. The average prices are expected to range between RMB 18,800 per tonne and RMB 18,840 per tonne, with spot contract to be...
China’s state metal reserves sold 50,000 tonnes of aluminium in just one day of two days auction on July 5-6
According to a report on Tuesday, July 6, China’s state metal reserves took only one of two days allotted of the auction to sell all the aluminium and copper that was on offer. Last month, the National Food and Strategic Reserves Administration announced that it would sell 50,000 tonnes of...
SMM aluminium ingot price slips RMB 280/t; Aluminium Alloy (A356) price stands lower at RMB19450/t
SMM aluminium ingot dropped after two days of hike. The price stood at RMB 18840 per tonne on Wednesday, 07 July 2021, from RMB 19120 per tonne. That was down RMB 280 per tonne. The price is expected to move within a range of RMB 18820-18860 per tonne today. In Foshan and Wuxi, the price declined...
