China continues destocking, coupled with recovering peak-season demand; aluminium prices are expected to consolidate at highs with an upward bias next week
1. Macro perspective The US-Iran conflict escalated sharply. On September 9, Iran's Revolutionary Guard struck multiple oil tankers and merchant vessels in the Strait of Hormuz, causing a significant drop in strait traffic. Brent crude broke through USD 100 per bbl, closing at USD 101.21, while WTI...
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...
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Hindalco Industries raises its aluminium wire rods price by INR 3,000/t on April 9
Hindalco Industries Limited has raised its aluminium products price by more than 1%. With effect from Friday, 09 April 2021, aluminium billets price stands at INR 202,600 per tonne, a growth of 1.5% or INR 3,000 per tonne from INR 199,600 per tonne on April 8. Aluminium ingot and wire rods prices...
China’s aluminium ingot price stands RMB 20/t higher; Australian alumina FOB price rises to USD 273/t
SMM aluminium ingot price has marked a hike for the second day in a row. The price stands at RMB 17490 per tonne on Friday, 09 April 2021, an increase of RMB 20 per tonne from Thursday’s price of RMB 17470 per tonne. The price is expected to move within a range of RMB 17470-17510 per tonne. In...
LME aluminium price edged 1.25% higher to US$2267.50/t; SHFE aluminium price inched up by US$2/t
Three-month LME aluminium settled 1.15 per tonne higher at US$ 2,285.50 per tonne on Thursday, and is expected to trade between US$ 2,250-2,310 per tonne today. LME aluminium cash (bid) price and LME official settlement price surged by US$ 28 per tonne or 1.25 per cent to settle at US$ 2267.50 per...
Vedanta hikes its aluminium ingot price for the third day in a row
Vedanta has hikes its aluminium products price for the three consecutive days. With effect from Thursday, 08 April 2021, the prices of some aluminium ingots are in the range of INR 192,750-205,750 per tonne. The price has marked a growth of 0.78% or INR 1,500 per tonne from INR 191,250-204,250 per...
Hindalco increases its aluminium wire rod & billets prices for the second day in a row w.e.f. April 8; Prices up by INR1500/t
Hindalco Industries Limited has increased its aluminium products and aluminium ingot prices for the second day in a row on Thursday, April 8. Hindalco has expanded its aluminium wire rod price by INR 1,500 per tonne with effect from April 8 compared to the hike of INR 2,750 per tonne on April 7....
Three-month LME aluminium dropped to US$2,259.5/t; SHFE aluminium declined 0.46%
Three-month LME aluminium edged down by 0.02% to close at US$2,259.5 per tonne on Wednesday. It is expected to fluctuate between US$2,230-2,280 per tonne today. As of Wednesday, April 7, LME aluminium cash (bid) price stands at US$ 2239.50 per tonne, LME official settlement price stands at US$...
A00 aluminium ingot price gains RMB80/t to settle at RMB17470/t; Aluminium alloys prices remain muted
Increase in domestic primary aluminium consumption has led to the growth in China’s A00 aluminium ingot price for the second day this week, even amid the muted raw materials costs. According to the Shanghai Metals Market, A00 aluminium ingot price has built up by RMB 80 per tonne on Thursday, April...
Hindalco Industries’ raises its billets price by INR 2,750/t to INR 198,100/t
Hindalco Industries Limited has continued to raise its aluminium products price. With effect from Wednesday, April 7 2021, aluminium billets price stands at INR 198,100 per tonne, an increase of INR 2,750 per tonne from INR 195,350 per tonne on March 31. Aluminium ingot and wire rods prices stand...
Vedanta reports INR 2,500/t hike in its aluminium ingot price
Vedanta has raised its aluminium products price for the second day in a row. With effect from Wednesday, 07 April 2021, the prices of some aluminium ingots stand at INR 191,250-204,250 per tonne, indicating an increase of 1.25% or INR 2,500 per tonne from INR 188,750-201,750 per tonne on April 6....
Aluminium price in China stands at RMB 17390/t; Cryolite price down by RMB150/t
SMM aluminium ingot price has dropped after three days of hike. The price declines by RMB 120 per tonne on Wednesday, 07 April 2021 to stand at RMB 17390 per tonne from Tuesday’s price of RMB 17510 per tonne. The price is expected to range at RMB 17370-17410 per tonne. In Foshan and Wuxi, the price...
Three-month LME aluminium closed higher at US$2,260/t; SHFE aluminium gained 0.23%
Three-month LME aluminium advanced 1.35% to close at US$2,260 per tonne on Tuesday. SMM expects the contract to trade between US$2,230-2,280 per tonne today. As of Tuesday, April 6, LME aluminium cash (bid) price stands at US$ 2247 per tonne, LME official settlement price stands at US$ 2247 per...
LME aluminium closed for Easter Monday; SHFE aluminium gained 1.36%
The London Metal Exchange was closed on Friday and Monday for Good Friday and Easter Monday. On Thursday, 1 April, Three-month LME aluminium settled 0.79 per cent higher at US$ 2,230 per tonne. As of Thursday, April 1, both LME aluminium cash (bid) price and LME official settlement price remained...
Vedanta hikes its aluminium ingots price by INR 2,250/t
Vedanta has hiked its aluminium products price by INR 2,250 per tonne today. With effect from Tuesday, 06 April 2021, the prices of some aluminium ingots stand at INR 188,750-201,750 per tonne, an increase of 1.16% from INR 186,500-199,500 per tonne on March 31. Billets price has come in at INR...
A00 aluminium ingot price in China stands above RMB17500/t post Qingming Festival; Aluminium Fluoride price declines by RMB100/t
A00 aluminium ingot price in China has witnessed a rise of RMB 80 per tonne to settle at RMB 17,510 per tonne as of Tuesday, April 6, marking the third consecutive hike since April 1, found the Shanghai Metals Market. Data shows the average prices are expected to range between RMB 17,490 per tonne...
NALCO reduces its aluminium ingot price by INR1000/t on April 1 after two consecutive weeks of hike
National Aluminium Company Limited (NALCO) has reduced its aluminium ingot and aluminium products prices with effect from Thursday, April 1, following a sharp rise of INR 5,000 per tonne last week on March 27. The company has decreased its aluminium ingot price by only INR 1,000 per tonne this week...
LME aluminium price slowed down this week to US$2212.50/t; SHFE price closed marginally higher at US$2667/t
Three-month LME aluminium showed restraint on Monday at US$ 2,273.50 per tonne but fell the next day, on March 30, to US$ 2227.50 per tonne. On Wednesday, March 31, the price dropped further by 0.67 per cent to settle at US$ 2,212.50 per tonne; however, it rose on Thursday, April 1, by 0.79 per...
Weekly update: Aluminium ingot price in China performed mixed this week; Alumina price remained restrained
SMM aluminium ingot price started the week with a hike of RMB 60 per tonne on Monday, March 29 2021 to RMB 17390 per tonne. The price on Tuesday and Wednesday declined to stand at RMB 17340 per tonne and RMB 17160 per tonne. The aluminium price closed the week higher at RMB 17430 per tonne on...
Prebaked anode price in Southwest China rises to RMB 4282.5/t; Aluminium price inches up by RMB 170/t
Prebaked anode price in Southwest China market has risen by RMB 28 per tonne after a month of restrained. The price currently stands at RMB 4282.5 per tonne on Friday, 02 April 2021 from earlier price of RMB 4002.5 per tonne. It is likely to range at RMB 4135-4430 per tonne. Average prebaked anode...
