LME aluminium prices slide up to 1.53% as warehouse stocks ease to 243,850t
London Metal Exchange (LME) aluminium prices declined on September 15, with cash, three-month and longer-dated contracts all settling below their previous-session levels. LME warehouse stocks also recorded a small decline, while the Asian reference price and alumina Platts price moved higher. The...
LME aluminium price rises above 1%; stocks slip to 244,100t on September 14
The London Metal Exchange (LME) aluminium price reported improvements, rising above 1 per cent across the pricing segment, followed by modest gains in contracts on the September 14 close, recovering from the downward trend reported at the September 13 session . The LME aluminium cash bid and offer...
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Hindalco hikes aluminium ingots price by nearly 1.5% with effect from February 13
Hindalco Industries Ltd has raised the prices of aluminium ingots, billets, and wire rods by nearly 1.5%. With effect from February 13, the aluminium ingot price now stands at INR 139,250 per tonne, an increase of 1.46% from INR 137,250 per tonne on February 5. Hindalco has increased the prices of...
LME aluminium price showed growing trend throughout this week on decline opening stock; SHFE contract recorded downfall
The US dollar on Monday, February 10, rose to a four-month peak against the euro, but eased off on the subsequent day. However, on February 12 and 13, it again increased, as investors expressed confidence that the novel coronavirus outbreak would be contained soon. Three-month LME aluminium dropped...
Weekly update: Alumina price in China performed higher over the week; A00 aluminium price ended the week lower
The average spot price of alumina continued to inch higher over the week. After remaining flat on Friday, the price rose by RMB 6 per tonne and RMB 4 per tonne to RMB 2467 per tonne and RMB 2471 per tonne on February 10 and February 11. The alumina price on Thursday stood RMB 4per tonne higher at...
A00 aluminium ingot price slips RMB 20/t; Aluminium alloy (ZLD102) price stands lower at RMB14200/t
A00 aluminium ingot price dropped by RMB 20 per tonne or 0.15 per cent on Friday, 14 February 2020. The price now stood at RMB 13590 per tonne and is expected to move within a range of RMB 13570-13610 per tonne. Spot aluminium contract is likely to be traded at a discount of RMB 60-20 per tonne. In...
LME aluminium recorded steep decline on continuous US dollar rise; SHFE fell too for the second consecutive day
The US dollar continued to rise on Thursday as investors expressed confidence that the novel coronavirus outbreak will be contained soon. Three-month LME aluminium advanced to a two-week high before it finished the trading day 1.15 per cent higher at US$ 1,755 per tonne. Falling inventories across...
Primary aluminium inventories in China record steep growth for second consecutive week after CNY
According to Shanghai Metals Market, the social inventories of primary aluminium in China have jumped today, on February 13, for the second consecutive week after the Chinese New Year Holiday. SMM data shows, the inventories across the eight major consumption areas, including SHFE warrants, are...
Qamco reports net profit of QR80m for thirteen-month period ended on December 31, 2019
Qatar Aluminium Manufacturing Company (Qamco), a 50 per cent shareholder in Qatar Aluminium Limited, has announced the results of its thirteen-month financial period ended on December 31, 2019, reporting a net profit of QR 80 million. The company's EBITDA stood at QR 704 million, revenue amounted...
Alumina price extends growth by RMB4/t, while A00 aluminium ingot price falls for the second consecutive day
Recording a rise for the fourth consecutive day, the average alumina spot price in China has come in at RMB 2,480 per tonne on Thursday, February 13, found Shanghai Metals Market. The price has increased by RMB 4 per tonne from RMB 2,476 per tonne yesterday, February 12. While in the east, central,...
LME aluminium price rose 1.04% to US$ 1707/t; SHFE contract ended 0.25% lower
The US dollar rose to its highest against the euro in more two-years on Wednesday. LME aluminium eased 0.32% last night. Benchmark aluminium price on London Metal Exchange closed higher at US$ 1707 per tonne on Wednesday, up 1.04% from Tuesday's close of US$ 1689.5 per tonne. As on Wednesday...
Novelis’ Q3 FY2020 net sales declines 10% YoY on lower average LME aluminium prices
Novelis Inc., the world leader in aluminium rolling and recycling, reported net income of $107 million in Q3 FY2020, compared to $78 million in the prior year period. Excluding tax-effected special items, net income stood at $132 million, up 31 per cent year-on-year on higher Adjusted EBITDA....
Three-month LME aluminium rallied 1.87% on Tuesday; SHFE rose to its highest since February at RMB13,840/t
The US dollar eased off four-month highs against a basket of its rivals on Tuesday. LME base metals closed higher across the board overnight. LME aluminium jumped 1.9% and SHFE aluminium advanced about 0.7%. Three-month LME aluminium rallied 1.87% on Tuesday to end at US$1,739 per tonne. The...
Australian alumina FOB price stands higher at USD 285/t; A00 aluminium ingot price up by 1.3%
The average spot alumina price stands at RMB 2471 per tonne on Tuesday, 11 February 2020, an increase of RMB 4 per tonne from RMB 2467 per tonne. The alumina prices in China have increased in all major markets except South. The average prices of Alumina-East and Alumina-Central have risen by RMB 5...
Three-month LME aluminium dropped for the second consecutive day; SHFE closed higher at RMB13,715/t
The US dollar continued to rise and hit a four-month high against the euro on Monday. LME base metals closed mixed on Monday. LME aluminium fell 0.81%. Three-month LME aluminium dropped for the second consecutive day. It finished the Monday session at US$1,707 per tonne, down 0.81%. The contract is...
Primary aluminium inventories in China soar by 90,000 tonnes due to poor deliveries amid epidemic outbreak
According to Shanghai Metals Market, the social inventories of primary aluminium, across eight major consumption areas in China, rose over the weekend by 90,000 tonnes to 1.04 million tonnes, as of Monday, February 10. Limited arrival of stocks and lower shipments leaving social warehouses amid an...
Three-month LME aluminium closed higher at US$1,721/t; SHFE 2003 contract gained for the fourth consecutive day
The US dollar rose to a four-month peak against of basket of major currencies on Friday. LME base metals fell across the board. LME aluminium fell 1.12%. Three-month LME aluminium pared some losses after slipped to an intraday low of US$1,706.5 per tonne on loaded-up shorts. It closed 1.12% lower...
Alumina spot price in China inches up by RMB6/t; A00 aluminium ingot price grows with improved trades
The average alumina spot price has increased in China by RMB 6 per tonne after remaining restrained for a day, found Shanghai Metals Market. The price, as of today, February 10, is hovering at RMB 2,467 per tonne. In the east and north, the price has recorded a rise of RMB 20 per tonne and RMB 10...
Hydro’s underlying EBIT up 4.87% in Q4 2019 on higher production in Brazil
Hydro reported underlying earnings before financial items and tax of NOK 560 million in Q4 2019. That was up from NOK 534 million in Q4 2018 on positive effects from increased production in Brazil, lower raw material costs and positive currency effects, mostly offset by a decrease in the realized...
Vedanta reduces aluminium products prices by nearly 1% for the fifth time
Vedanta Limited has reportedly reduced the prices of its aluminium products by nearly 1 per cent for the fifth time within two weeks. The cut is with effect from Wednesday, February 5, which brings the company’s aluminium products price to INR 135,250 per tonne to INR 148,250 per tonne, the lowest...
