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 extends growth to US$2386.50/t; SHFE price remains restrained at US$2896/t
Three-month LME aluminium increased 0.33 per cent to close at US$ 2,433 per tonne in the overnight trading yesterday, with open interest down 1,541 lots to 694,000 lots, and is expected to trade between US$ 2,400-2,460 per tonne today. LME aluminium cash (bid) price and LME official settlement...
Aluminium alloy (A356) price declines by RMB100/t after two consecutive days of rise; Primary aluminium price reduces to RMB18660/t
According to the Shanghai Metals Market, aluminium alloy (A356) price in China has recorded a decrease of RMB 100 per tonne on Thursday, June 24, after the past two consecutive days of hike from RMB 18,950 per tonne to RMB 19,350 per tonne. The decline today has brought the aluminium alloy price to...
NALCO sharply cuts its aluminium ingot price by INR6250/t with effect from June 22
National Aluminium Company Limited (NALCO) slashed its aluminium ingot and aluminium product prices by INR 6,250 per tonne with effect from June 22. That brought the company’s aluminium ingot price at INR 199,450-202,950 per tonne compared to 205,650-209,150 per tonne on June 11. NALCO’s aluminium...
Hindalco Industries continues to cut its aluminium ingot price by INR1500/t with effect from June 22
Hindalco Industries Limited reduced its aluminium ingot and aluminium product prices for the fourth time in a row with effect from Wednesday, June 22. The company cut its aluminium ingot price by INR 1,500 per tonne to INR 202,250 per tonne on June 22. On June 19, the price stood at INR 203,750 per...
China’s A00 aluminium ingot price extends growth to RMB18770/t; Aluminium alloy(A356) price closes US$200/t higher
A00 aluminium ingot price in China has extended its growth by RMB 260 per tonne to come in at RMB 18,770 per tonne on Wednesday, June 23, found the Shanghai Metals Market. On Tuesday, June 22, the price stood at RMB 18,510 per tonne, reflecting an increase of RMB 130 per tonne. The average prices...
LME aluminium price closed higher at US$2375.50/t after five days of decline; SHFE price extended hike to US$2896/t
Three-month LME aluminium rose 1 per cent to close at US$ 2,426 per tonne last night, with open interest down 4,002 lots to 696,000 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 recorded a rise of US$ 22 per...
Vedanta Limited reduces its aluminium product prices by INR1500/t with effect from June 22
Vedanta Limited has further reduced its aluminium products prices, although lower than the previous, with effect from Tuesday, June 22. Vedanta has cut its aluminium wire rod price by INR 1,500 per tonne or 0.71 per cent from INR 211,000-218,500 per tonne on June 19 to INR 209,500-217,000 per tonne...
A00 aluminium ingot price grows RMB130/t to settle above RMB18500/t; Aluminium alloy (A356) price gains RMB200/t
According to the Shanghai Metals Market, A00 aluminium ingot price has gained RMB 130 per tonne to close above RMB 18,500 per tonne. On Tuesday, June 22, the price is standing at RMB 18,510 per tonne, with average prices expected to range between RMB 18,490 per tonne and RMB 18,530 per tonne. The...
LME aluminium price further dwindled by US$20.50/t to settle at US$2353.50/t; SHFE edged higher at US$2863/t
Three-month LME aluminium closed 0.69 per cent higher at US$ 2,402 per tonne on Monday, and is expected to trade between US$ 2,380-2,450 per tonne today. LME aluminium cash (bid) price and LME official settlement price opened the week on Monday, June 21, with a further downfall of US$ 20.50 per...
LME aluminium price extends decline by 2% to US$2374/t; SHFE price reduces to US$2836/t
Three-month LME aluminium decreased 4.41 per cent to end at US$ 2,352 per tonne on Thursday night, with open interest losing 1,771 lots to 697,000 lots, and is expected to trade between US$ 2,320-2,420 per tonne today. LME aluminium cash (bid) price and LME official settlement price extended...
A00 aluminium ingot price in China sheds RMB170/t; Aluminium alloy(A356) price stands below RMB19000/t
Monday, June 21, marks the fourth consecutive day for the decline in A00 aluminium ingot price in China since the country announced to release about 900,000 tonnes of the metal from state reserves. According to the Shanghai Metals Market, the price has decreased by RMB 170 per tonne to come in at...
Primary Aluminium Weekly Recap: China to release 800,000-900,000 tonnes of primary aluminium from its state reserves; Mytilineos Holdings, LME price ended the week lower at US$ 2,374/t
Primary aluminium sector saw China’s announcement of releasing 800,000-900,000 tonnes of primary aluminium from its state reserves. LME price ended the week even lower, while SMM aluminium ingot price performed downward. Let's recapitulate some of the top aluminium news from primary aluminium...
LME aluminium price downturned this week to US$2374/t; SHFE price slid by US$109/t to US$2867/t
Three-month LME aluminium rose 1.08% to settle at US$2,488.5 per tonne in the overnight trading on Monday, with open interest losing 4,958 lots to 710,000 lots. On Tuesday, the price fell 1.55 per cent to end at US$ 2,450 per tonne in the overnight trading but increased the day next by 0.98 per...
Weekly update: Aluminium ingot price in China performed lower this week; Alumina price remained unchanged
SMM aluminium ingot price increased by RMB 140 per tonne on Tuesday, June 15 to stand at RMB 18970 per tonne. The price then declined to stand at RMB 18840 per tonne and RMB 18650 per tonne on June 16 and June 17, a drop of RMB 130 per tonne and RMB 190 per tonne. Aluminium price further reduced by...
Vedanta further lowers aluminium wire rod and billet prices by INR4250/t on June 19
Vedanta Limited has reported that it has reduced its aluminium products and aluminium ingot prices for the second time in a row on Saturday, June 19. The company has updated that it is now selling its aluminium wire rod at INR 211,000-218,500 per tonne – 2 per cent or INR 4,250 per tonne lesser...
Hindalco Industries cuts aluminium billets price by INR 1,500/t on June 18
Hindalco Industries Limited has reduced its aluminium products price by INR 1,500 per tonne. With effect from Friday, 18 June 2021, aluminium billets and wire rods prices stand at INR 214,100 per tonne and INR 218,100 per tonne, marking a decline of 0.7% from INR 215,600 per tonne and INR 219,600...
China’s aluminium price drops to RMB 18550/t; Aluminium alloy (A356) price inches down by RMB 200/t
SMM aluminium ingot continued to decline to RMB 18550 per tonne on Friday, 18 June 2021, from RMB 18650 per tonne on June 17. That was down RMB 100 per tonne. The price is expected to move within a range of RMB 18530-18570 per tonne today. In Foshan and Wuxi, the price declined by RMB 130 per tonne...
LME aluminium price closed lower for the third day in a row at US$2427.50/t; SHFE declined to US$2867/t
Three-month LME aluminium decreased 4.41 per cent to end at US$ 2,352 per tonne on Thursday night, with open interest losing 1,771 lots to 697,000 lots, and is expected to trade between US$ 2,320-2,420 per tonne today. LME aluminium cash (bid) price and LME official settlement price decreased for...
