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 dropped US$10/t to close at US$2529.50/t; SHFE price plunged by US$49/t to US$2914/t
Three-month LME aluminium fell 2.03 per cent to close at US$ 2,506 per tonne on Tuesday. The contract is expected to trade between US$ 2,450-2,560 per tonne today. LME aluminium cash (bid) price and LME official settlement price dropped by US$ 10 per tonne to close at US$ 2,529.50 per tonne on...
Vedanta hikes its aluminium ingot price by INR 4,000/t
Vedanta has hiked its aluminium products price by more than 1%. With effect from Saturday, July 3 2021, the prices of some aluminium ingots have risen by INR 4,000 per tonne to stand at INR 219,750-232,750 per tonne, from INR 215,750-228,750- per tonne on July 2. The billets price stands at INR...
LME aluminium price closed Monday’s trading at US$ 2539.5/t; SHFE aluminium advanced 2.97%
Benchmark aluminium price on London Metal Exchange rose 0.79 per cent to US$ 2539.5 per tonne on Monday, July 5, from US$ 2519.5 per tonne on Friday. As of Monday, July 5, LME aluminium cash (bid) price stands at US$ 2539.50 per tonne, LME official settlement price stands at US$ 2539.50 per tonne;...
China’s A00 aluminium ingot price slows down its growth to RMB20/t; Aluminium alloys prices stand muted
On Tuesday, July 6, A00 aluminium ingot price in China has slowed down its growth to RMB 20 per tonne compared to the sharp rise of RMB 430 per tonne on the previous day. According to the Shanghai Metals Market, the price is standing at RMB 19,120 per tonne, with average prices expected to range...
Hindalco increases aluminium wire rod and billets prices by INR3500/t with effect from July 3
Hindalco Industries Limited further increased its aluminium wire rod and billets prices, although slower than the previous day, with effect from Saturday, July 3. Both aluminium wire rod and aluminium billets prices rose by INR 3,500 per tonne to come in at INR 230,350 per tonne and INR 226,350 per...
A00 aluminium ingot price in China soars above RMB19000/t; Aluminium alloy (A356) price builds-up RMB500/t
According to the Shanghai Metals Market, A00 aluminium ingot price has opened the week on Monday with a surge of RMB 430 per tonne, following consecutive declines in the past four days. Data shows the price is standing at RMB 19,100 per tonne as of July 5. The average prices are expected to range...
LME aluminium price grew US$38.50/t to close at US$2519.50/t; SHFE soared above US$2950/t
The LME complex performed similarly on Friday, with aluminium rose 1.93 per cent. LME aluminium cash (bid) price and LME official settlement price grew US$ 38.50 per tonne to close at US$ 2,519.50 per tonne on Friday, July 2. 3-months bid price and 3-months offer price rebounded to US$ 2,535 per...
Weekly Downstream Recap: Sanjeev Gupta’s GFG Alliance avoids collapse of Liberty Aluminium Technologies with £10 million loan repayment; Vedanta increases its aluminium products prices by more than 2% w.e.f June 30
The global aluminium industry’s downstream segment went on a lighter note this week. The vital news for the aluminium industry remains, Sanjeev Gupta’s GFG Alliance avoids the collapse of Liberty Aluminium Technologies with a £10 million loan repayment. On the other hand, India’s leading aluminium...
Glencore seeks to refinance Sanjeev Gupta’s European aluminium business following the surge in green metal price
The British metal magnate Sanjeev Gupta is in discussions with commodity trading house Glencore to refinance debt at his European aluminium business, a deal which would permit Gupta to retain control of one of his best assets. Sanjeev Gupta owned GFG Alliance employs around 35,000 people from the...
Primary Aluminium Weekly Recap: NALCO reports a nine-fold leap in profit at INR 935.74 crore; Russia to impose export tax on aluminium
According to a report from the International Aluminium Institute this week, primary aluminium production in Africa grew 4.62 per cent month-on-month in May to stand at 136,000 tonnes. On a year-on-year calculation, the output stood 3,000 tonnes lower than 139,000 tonnes. In the first five months of...
LME aluminium price trended up this week by US$61.50/t to settle at US$2519.50/t; SHFE price decreased by US$40/t
LME aluminium cash (bid) price and LME official settlement price built-up US$ 61.50 per tonne this week ended on July 2. The week started on June 28 with an increase of US$ 7 per tonne in both LME aluminium cash (bid) price and LME official settlement price from US$ 2,451 per tonne to US$ 2,458 per...
Vedanta raises its aluminium ingot price by INR 3,750 on July 1
Vedanta has raised its aluminium products price by more than 1%. With effect from Thursday, July 1 2021, the prices of some aluminium ingots have risen by INR 3,750 per tonne to stand at INR 219,000-232,000 per tonne, from INR 215,250-228,250- per tonne on June 30. The billets price stands at INR...
China’s aluminium ingot price falls to RMB 18670/t; Aluminium alloy (A356) price inches down by RMB 100/t
SMM aluminium ingot continued to decline to RMB 18670 per tonne on Friday, 2 July 2021, from RMB 18730 per tonne, marking a drop of RMB 60 per tonne. The price is expected to move within a range of RMB 18650-18690 per tonne today. In Foshan and Wuxi, the price declined by RMB 30 per tonne and RMB...
Three-month LME aluminium fell 0.55% to close at US$2,509/t; SHFE aluminium dropped 1.14%
Three-month LME aluminium fell 0.55% to close at US$2,509 per tonne on Thursday. SMM expects the contract to trade between US$2,500-2,550 per tonne today. As of Thursday July 1, LME aluminium cash (bid) price stands at US$ 2481per tonne, LME official settlement price stands at US$ 2481per tonne;...
NALCO aluminium ingot price grows sharply by over 4% to reach at 212,850-216,350/t on June 30
National Aluminium Company Limited (NALCO) sharply increased its aluminium ingot and aluminium products prices by INR 9,600 per tonne or 4.6 per cent on Wednesday, June 30. That brought its aluminium ingot price at INR 212,850-216,350 per tonne in comparison with 203,250-206,750 per tonne on...
Prebaked anode price in East China grows by RMB 112.5/t; Aluminium alloys (ADC12) price stands at RMB 18150 per/t
Prebaked anode price in East China market has climbed by RMB 112.5 per tonne on Thursday, July 01, after remaining restrained since June 1. The price stands at RMB 4825 per tonne. It is likely to range at RMB 4300-5350 per tonne. Central China’s prebaked anode prices has also risen by RMB 75 per...
US domestic primary aluminium production drops 4% M-o-M to 72,000 tonnes in April 2021
According to the data released by the United States Geological Survey for April 2021, US domestic primary aluminium production stood at 72,000 tonnes – 4 per cent or 3,000 tonnes less than 75,000 tonnes produced in March 2021. On a year-on-year calculation, the output edged 21.74 per cent or 20,000...
LME aluminium price further closes higher at US$2523/t; SHFE price extends decline by US$11/t
Three-month LME aluminium decreased 0.36 per cent to end at US$ 2,523 per tonne on Wednesday, and is expected to trade between US$ 2,500-2,550 per tonne today. LME aluminium cash (bid) price and LME official settlement price extended growth by US$ 4.50 per tonne to close at US$ 2,523 per tonne on...
