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 increases its aluminium products prices by more than 2% with effect from June 30
Vedanta Limited has increased its aluminium products and aluminium ingot prices by INR 5,500 per tonne or 2.5 per cent with effect from Wednesday, June 30. With the latest rise, Vedanta’s aluminium wire rod price has come in at 222,750-230,250 per tonne compared to INR 217,250-224,750 per tonne on...
Hindalco Industries reports a surge of INR5750/t in aluminium ingot price w.e.f. June 30
Hindalco Industries Limited has reported a further rise in its aluminium ingot and aluminium products prices, with effect from Wednesday, June 30. In comparison with the price last day, Hindalco's aluminium ingot price surged by INR 5,750 per tonne to reach at INR 215,750 per tonne, as of June 30....
LME aluminium price surged above US$2500/t; SHFE price slipped by US$10/t to close at US$2915/t
The LME complex ended mostly higher on Tuesday, June 29, with aluminium rose 0.4 per cent. LME aluminium benchmark price gained 2.45 per cent. LME aluminium cash (bid) price and LME official settlement price surged by US$ 60.50 per tonne to come in at US$ 2,518.50 per tonne on Tuesday, June 29....
China’s aluminium alloys prices shrink by RMB100/t on June 30; A00 aluminium ingot price drops to RMB18780/t
Aluminium alloys prices in China have recorded a plunge today, on June 30, found the Shanghai Metals Market. After remaining restrained for a week, aluminium alloys (ADC12) price and aluminium alloy (A380) price have decreased by RMB 100 per tonne to settle at RMB 18,200 per tonne and RMB 19,200...
Hindalco’s aluminium wire rod and billets prices build-up INR4500/t with effect from June 26
Hindalco Industries Limited increased its aluminium products prices by INR 4,500 per tonne or 2 per cent with effect from Saturday, June 26. Hindalco’s aluminium wire rod price came in at INR 221,100 per tonne on June 26 compared to INR 216,600 per tonne on June 24. The company’s aluminium billets...
NALCO’s aluminium ingot price sees a rise of 2% to INR203250-206750/t with effect from June 25
National Aluminium Company Limited (NALCO) increased its aluminium ingot and aluminium product prices with effect from Friday, June 25. NALCO’s aluminium ingot price saw a hike of INR 3,800 per tonne or 1.9 per cent from INR 199,450-202,950 per tonne on June 22 to INR 203,250-206,750 per tonne on...
China’s A00 aluminium ingot price drops RMB10/t to RMB18820/t; Aluminium fluoride price builds-up RMB100/t
A00 aluminium ingot price in China has dropped by RMB 10 per tonne on Tuesday, June 29, after the two consecutive days of hike, found the Shanghai Metals Market. The price is thus standing at RMB 18,820 per tonne, with average prices expected to range between RMB 18,800 per tonne and RMB 18,840 per...
LME aluminium price grows US$7/t to stand at US$2458/t; SHFE price gains marginally to US$2925/t
Three-month LME aluminium rose 1.46 per cent to close at US$ 2,531 per tonne on Monday. It is expected to trade between US$ 2,480 per tonne and US$ 2,550 per tonne today. LME aluminium cash (bid) price and LME official settlement price increased by US$ 7 per tonne to come in at US$ 2,458 per tonne...
GSIA seeks Govt. of India’s intervention in price surge of raw materials denting MSME sector, including aluminium
The steep rise in raw material prices is denting micro, small and medium enterprises (MSMEs) and govt. of India should entail immediately to intervene through policy decisions, said Goa State Industries Association (GSIA). Along with 170 MSME associations across India, GSIA has written to Narendra...
LME aluminium price jumped US$53.50/t to close at US$2451/t; SHFE price gained US$20/t
Three-month LME aluminium rose 2.23 per cent to close at US$ 2,494.50 per tonne on Friday. It is expected to fluctuate between US$ 2,440 per tonne and US$ 2,500 per tonne today. LME aluminium cash (bid) price and LME official settlement price jumped US$ 53.50 per tonne to come in at US$ 2,451 per...
China’s A00 aluminium ingot price extends growth to RMB18830/t; Aluminium alloy (A356) price gains RMB100/t
According to the Shanghai Metals Market, A00 aluminium ingot price has extended growth by RMB 60 per tonne to come in at RMB 18,830 per tonne on Monday, June 28. The average prices are expected to range between 18,810 per tonne and RMB 18,850 per tonne, with spot contract to be traded at a premium...
Aluminium downstream weekly recap: Sanjeev Gupta’s Liberty Aluminium Technologies seeks more time to track down buyers; Midhani’s aluminium alloy plant in Nellore concludes land compensation proceedings
The global aluminium downstream segment observed some important happenings this week, as Sanjeev Gupta’s Liberty Aluminium Technologies seeks more time to track down buyers. In India Midhani’s aluminium alloy plant in Nellore concludes land compensation proceedings, while in the UK, TRA begins a...
Hindalco Industries grows aluminium ingot price for the second consecutive day by INR1750/t on June 24
Hindalco Industries Limited increased its aluminium ingot and aluminium products prices back-to-back with effect from June 23 and June 24. Hindalco is at present selling its aluminium ingot at INR 205,500 per tonne with effect from June 24 after increasing it by INR 1,750 per tonne from the...
China’s secondary aluminium operating rates fall 5.44 percentage points to 59.56% in May 2021
According to the Shanghai Metals Market, secondary aluminium producers operating rates decreased 5.44 percentage points month-on-month to stand at 59.56 per cent, as a result of weak operating rates at small and big secondary aluminium plants. On a year-on-year calculation, operating rates edged up...
China’s A00 aluminium ingot price rebounds to US$18770/t; Aluminium alloy(A356) price closes the week at US$19350/t
A00 aluminium ingot price in China has rebounded to US$ 18,770 per tonne on Friday, June 25, by gaining RMB 110 per tonne. On the previous day, June 24, the price decreased from US$ 18,770 per tonne to US$ 18,660 per tonne. The average prices are expected to range between 18,750 per tonne and RMB...
LME aluminium price grows for the third consecutive day to stand at US$2397.50/t; SHFE price closes above US$2900/t
Three-month LME aluminium closed 0.25 per cent higher at US$ 2,440 per tonne on Thursday night, with open interest down 9,400 lots to 685,000 lots, and is expected to trade between US$ 2,400-2,460 per tonne today. LME aluminium cash (bid) price and LME official settlement price grew for the third...
Vedanta’s aluminium products prices witness a back-to-back hike of INR1750/t on June 24
Vedanta Limited increased its aluminium ingot and aluminium products prices for the second day in a row with effect from Thursday, June 24. The company raised its aluminium wire rod price by INR 1,750 per tonne to INR 212,750-220,250 per tonne on June 24, followed by a hike of INR 1,500 per tonne...
Russia gearing to impose export tax on metal producers, including aluminium with $2.3 billion in Aug-Dec
On 24th Jun2 2921, the officials of the largest country in the world, Russia said that the government is gearing to impose new export taxes for aluminium, steel products, nickel and copper which will cost their producers $2.3 billion between 1st August and 31st. Russia wants to safeguard its...
