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A00 aluminium ingot price remains restrained after sharp decline last day; Bauxite(4.5≤Al/Si<5.5)Shanxi price drops
10 MAR 20202MINS

A00 aluminium ingot price remains restrained after sharp decline last day; Bauxite(4.5≤Al/Si<5.5)Shanxi price drops

After a sharp decline of RMB 240 per tonne last day, the price of A00 aluminium ingot in China has remained restrained today, on March 10, at RMB 12,830 per tonne, found Shanghai Metals Market. The average prices are expected to range between RMB 12,810 per tonne and RMB 12,850 per tonne, with spot...

Three-month LME aluminium dropped to the lowest level since October 2016; SHFE aluminium fell sharply on Monday
10 MAR 20202MINS

Three-month LME aluminium dropped to the lowest level since October 2016; SHFE aluminium fell sharply on Monday

The US dollar dived against the euro and yen on Monday, 9 March. The dollar index, which tracks the greenback against a basket of other currencies, slipped to the lowest level since September 2018 at 94.63. LME aluminium gained 0.21%. Three-month LME aluminium dropped to the lowest level since...

LME aluminium price climbed up to US$1689/t amidst the biggest gain of US dollar in last three years
10 MAR 20202MINS

LME aluminium price climbed up to US$1689/t amidst the biggest gain of US dollar in last three years

The US dollar rebounded on Tuesday after consecutive days of major losses, as signs of global policy easing to cushion the economic impact from the COVID-19 epidemic eased some of the investors’ concerns. The dollar index, which tracks the greenback against a basket of other currencies, climbed to...

Further rise in primary aluminium inventories push down the A00 aluminium ingot price to as low as RMB12830/t
09 MAR 20202MINS

Further rise in primary aluminium inventories push down the A00 aluminium ingot price to as low as RMB12830/t

On the further rise of the social inventories of primary aluminium, the A00 aluminium ingot price has recorded a sharp decline of RMB 240 per tonne to RMB 12,830 per tonne. For the first time in the last one year, the A00 aluminium ingot price has come below the RMB 13,000 per tonne level. The...

Three-month LME aluminium lost 1.86% last Friday amidst the US dollar’s biggest weekly decline
09 MAR 20202MINS

Three-month LME aluminium lost 1.86% last Friday amidst the US dollar’s biggest weekly decline

The US dollar recorded the biggest weekly decline in nearly three years while the Japanese yen strengthened as the widening reach of the coronavirus sent investors scrambling for safety. The dollar index, which tracks the greenback against a basket of other currencies, slipped to the lowest level...

Three-month LME aluminium stood as low as US$1,722.5/tonne this week; Dollar index plunged lowest since January 2
07 MAR 20203MINS

Three-month LME aluminium stood as low as US$1,722.5/tonne this week; Dollar index plunged lowest since January 2

The US dollar fell on the first two day of the week. On Monday, the dollar index, which tracks the greenback against a basket of other currencies, slipped to the lowest level since January 16, at 97.18. On the next succeeding day, it declined further lowest since January 8 at 96.92. On March 4, the...

Weekly update: A00 aluminium price saw mixed performance over the week; alumina price remained flat
07 MAR 20202MINS

Weekly update: A00 aluminium price saw mixed performance over the week; alumina price remained flat

The price of A00 aluminium ingot in China witnessed fluctuations over the week. The week started with a decline of RMB 120 per tonne or 0.91 per cent from Friday, February 28. The price on Monday stood RMB 13050 per tonne. But the week ended higher at RMB 13070 per tonne on Friday, March 6, up RMB...

Hindalco raised its aluminium ingot price by 2% with effect from March 5
06 MAR 20201MINS

Hindalco raised its aluminium ingot price by 2% with effect from March 5

Hindalco Industries Ltd has increased the prices of aluminium ingots by 1.93% on Thursday, after raising it by 1.97% on Wednesday. This is the third time in a row that the company has raised the prices of its products. With effect from March 5, the price for Hindalco aluminium ingots now stands at...

China’s primary aluminium inventories jumped 103,000 tonnes; A00 aluminium ingot price extends growth by RMB10/t
06 MAR 20202MINS

China’s primary aluminium inventories jumped 103,000 tonnes; A00 aluminium ingot price extends growth by RMB10/t

As updated by Shanghai Metals Market, social inventories of primary aluminium across eight consumption areas in China, including SHFE warrants, came in at 1.488 million tonnes as of Thursday, 5 March 2020, an increase of 103,000 tonnes from February 27. Aluminium inventories increased this week, as...

LME aluminium price plunged to $1715/t with the US dollar decline to eight-week low; SHFE price dropped too
06 MAR 20202MINS

LME aluminium price plunged to $1715/t with the US dollar decline to eight-week low; SHFE price dropped too

The US dollar slipped to a fresh eight-week low as US benchmark 10-year Treasury yields declined and traders bet the Federal Reserve will cut interest rates further, after slashing them by 50 basis points this week. The dollar index, which tracks the greenback against a basket of other currencies,...

Chinese aluminium billet inventories record a rise, but slower from last week
05 MAR 20202MINS

Chinese aluminium billet inventories record a rise, but slower from last week

According to Shanghai Metals Market, aluminium billet inventories in China have extended their growth this week, although slower from a week ago. Increased shipments from warehouses have been the main reason behind another week of a rise in billet inventories. SMM data shows the stocks of 6063...

Chinese A00 aluminium ingot price grows by RMB50/t, and so the price of aluminium alloys (A356)
05 MAR 20202MINS

Chinese A00 aluminium ingot price grows by RMB50/t, and so the price of aluminium alloys (A356)

According to Shanghai Metals Market, the A00 aluminium ingot price has recorded a hike of RMB 50 per tonne on Thursday, March 5, followed a significant decline of RMB 130 per tonne to RMB 13,010 per tonne. The ingot price today stands at RMB 13,060 per tonne, down by RMB 330 per tonne week-on-week....

LME aluminium price inched up to US$1723.5/t while the US dollar recovered lost ground
05 MAR 20202MINS

LME aluminium price inched up to US$1723.5/t while the US dollar recovered lost ground

The US dollar recovered lost ground on Wednesday, March 4, after a day of an emergency interest rate cut by the Federal Reserve knocked the greenback to an eight-week low. The dollar index, which tracks the greenback against a basket of other currencies, bounced back 0.43% and hit an intraday high...

Three-month LME aluminium extended growth by 0.67% on the lowest dollar index since early this year
04 MAR 20202MINS

Three-month LME aluminium extended growth by 0.67% on the lowest dollar index since early this year

The US dollar fell across the board after the US Federal Reserve cut interest rates on Tuesday, March 3, in an emergency move designed to shield the economy from the impact of the coronavirus.The dollar index, which tracks the greenback against a basket of other currencies, slipped to the lowest...

A00 aluminium ingot price plunges by RMB 130/t; Aluminium Alloy (A356) stands at RMB13750/t
04 MAR 20202MINS

A00 aluminium ingot price plunges by RMB 130/t; Aluminium Alloy (A356) stands at RMB13750/t

A00 aluminium ingot price registered a drop of RMB 130 per tonne or 0.99 per cent from Tuesday’s price of RMB 13140 per tonne. The price now stood at RMB 13010 per tonne and is expected to move within a range of RMB 12990-13030 per tonne. Spot aluminium contract is likely to be traded at a discount...

Hindalco raises its aluminium ingots price by 1.82% with effect from Tuesday
03 MAR 20201MINS

Hindalco raises its aluminium ingots price by 1.82% with effect from Tuesday

Hindalco Industries Ltd has hiked the prices of aluminium ingots by 1.82% on Tuesday, after cutting it by 1.26% on Friday. With effect from March 3, the aluminium ingot price stands at INR 139,750 per tonne, from INR 137,250 per tonne on February 28. The prices of wire rods and billets have climbed...

Three-month LME aluminium closed 0.88% higher; SHFE aluminium closed at RMB13,255/t
03 MAR 20202MINS

Three-month LME aluminium closed 0.88% higher; SHFE aluminium closed at RMB13,255/t

The US dollar extended its decline on Monday, 02 March 2020. The dollar index, which tracks the greenback against a basket of other currencies, once slipped to the lowest level since January 16, at 97.18. LME base metals increased across the board. LME aluminium gained 0.88%. Three-month LME...

A00 aluminium ingot price records a growth of RMB90/t after three consecutive declines on continued inventory rise
03 MAR 20202MINS

A00 aluminium ingot price records a growth of RMB90/t after three consecutive declines on continued inventory rise

After the three consecutive declines to RMB 13,050 per tonne, as of March 2, the A00 aluminium ingot price has recorded a rise of RMB 90 per tonne on 3 rd of March to come in at RMB 13,140 per tonne, found Shanghai Metals Market. The average prices are expected to range between RMB 13,120 per tonne...