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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Piaggio India enhances full Range of 3-Wheeler to BS VI, New Aluminium clutch introduced
The Italian auto manufacturer, Piaggio’s, India counterpart has updated its full range of three-wheelers to meet the upcoming BS VI norms. The Italian brand also launched a “Performance range”, with both diesel and alternative fuel-powered models. The diesel range boasts of a completely new power...
Nalco continues to increase its aluminium ingots prices by nearly 1%
National Aluminium Company (NALCO) reportedly continued to increase its aluminium ingots prices by nearly 1 per cent for the second time in the week gone by. After the hike, the prices of ingots came in at INR153,950 per tonne to INR 157,450 per tonne, with effect from Tuesday, January 21. In the...
LME aluminium closed the week slightly lower on Friday
Benchmark aluminium price on London Metal Exchange dropped 0.34 per cent to US$ 1775.5 per tonne on Friday, from US$ 1781.5 per tonne on Thursday. As on Friday January 24, LME aluminium cash (bid) price stands at US$ 1775 per tonne, LME official settlement price stands at US$ 1775.5 per tonne;...
Vedanta raised aluminium ingot price by more than 1% with effect from January 22
Vedanta has increased the prices of aluminium ingots, billets and wire rods by more than 1% with effect from Wednesday, January 22. This is the second time in a row that the company has raised the prices of its products. The price for Vedanta aluminium ingots now stands at INR 144,750-157,750 per...
LME aluminium price closed Thursday's trading at US$ 1781.5/t; SHFE aluminium lost 0.2%
Benchmark aluminium price on London Metal Exchange dropped 1.44 per cent to US$ 1781.5 per tonne on Thursday, January 23, from US$ 1807.5 per tonne on Wednesday. As on Thursday January 23, LME aluminium cash (bid) price stands at US$ 1781 per tonne, LME official settlement price stands at US$...
Hindalco Industries hiked aluminium ingots price by nearly 1% with effect from January 22
Hindalco Industries Ltd has increased the prices of aluminium ingots, billets, and wire rods by nearly 1%. With effect from January 22, the aluminium ingot price now stands at INR 146,750 per tonne, an increase of 0.86% from INR 145,500 per tonne on January 18. This is the second time in a row that...
China’s primary aluminium inventories jumped 60,000 tonnes; A00 aluminium price stands at RMB 14100/t
As updated by Shanghai Metals Market, social inventories of primary aluminium across eight consumption areas in China, including SHFE warrants, came in at 690,000 tonnes as of Thursday, 23 January 2020, up 60,000 tonnes. Aluminium inventories jumped ahead of the Chinese New Year on higher arrivals...
Three-month LME aluminium climbed to its highest in more than two weeks; SHFE aluminium edged down
The US dollar on Wednesday fell against a basket its rivals, easing off one-month highs. LME base metals, except for lead, closed lower across the board on Wednesday. LME aluminium declined 1% and SHFE aluminium traded higher. LME aluminium closed Wednesday’s trading at US$ 1807.5 per tonne, down...
Three-month LME aluminium rose to its highest in more than a week; SHFE weakened 0.84% to RMB14,120/t
The US dollar recovered from earlier losses to hold near a one-month high against a basket its rivals on Tuesday. Three-month LME aluminium rose to its highest in more than a week at US$1,827 per tonne, up 0.55% on the day. The contract is likely to trade between US$1,800-1,830 per tonne today. As...
A00 aluminium ingot price extends decline to RMB14090/t on high inventories and low consumption
According to the Shanghai Metals Market, the A00 aluminium ingot price has extended its decline today, on January 22, by RMB 30 per tonne to stand at RMB 14,090 per tonne. The average prices are expected to range between RMB 14,070 per tonne and RMB 14,110 per tonne, with spot contract to be traded...
China saw the biggest decline in A00 aluminium ingot price; Aluminium Alloy (A356) price declined by RMB200/t
A00 aluminium ingot price plunged RMB 230 per tonne on Tuesday, 21 January 2020, the biggest drop since April 2018. The price now stood at RMB 14120 per tonne and is expected to move within a range of RMB 14100-14140 per tonne. Spot aluminium contract is likely to be traded at a discount of RMB 100...
Vedanta and Nalco hike aluminium ingots prices by 2% and 1% with effect from Friday
Both Vedanta and Nalco have increased their aluminium ingots prices with effect from Friday, January 17. While the former has hiked the price by 2 per cent, the latter has increased it by 1 per cent. So, with the latest price hike, the aluminium ingot price of Vedanta has come in at INR...
LME aluminium continued to increase on low opening stocks and dollar price; SHFE aluminium edged down
The US dollar edged lower against a basket its rivals on Monday, holding near a one-month high after last Friday’s jump on data that confirmed the US economy is holding up well. Moves were slight and volumes thin as Lunar New Year approaches in Asia and with US markets closed for Martin Luther King...
Why buy "Aluminium Industry Recap 2019: A Look Back at the Global Aluminium Value Chain" report?
AlCircle’s “Aluminium Industry Recap 2019” brings to you an opportunity to look back at the key developments in the year gone by. Although the year 2019 was an aftermath of trade wars, restrictive tariffs, sanctions, capacity cuts and price volatility that impacted the entire aluminium value chain,...
Three-month LME aluminium closed lower at US$1,805.5/t on Friday; SHFE aluminium advanced 1.23%
The US dollar rose a four-week high against a basket its rivals on Friday. LME base metals closed mixed on Friday. LME aluminium shed 0.2% and SHFE aluminium lost 0.3%. LME aluminium gained to close Friday’s trading 0.11% higher at US$1,796/t on Friday. Three-month LME aluminium ended at US$1,805.5...
Primary aluminium inventories record speedy growth on Monday, resulting in sharp A00 aluminium ingot price decline
Aluminium inventories in China grew over the weekend by 21,000 tonnes, in contrast to 20,000 tonnes in the whole last week ended on January 16. Concentrated arrivals of stocks in some regions and weakening consumption as the world gears up for the Lunar New Year holidays were the two important...
Weekly update: A00 aluminium ingot price ended the week higher; alumina price remained flat
A00 aluminium ingot price started the week with a decline of RMB 130 per tonne on Monday, January 13. The price continued to perform lower at RMB 14300 per tonne and RMB 14200 per tonne on January 14 and January 15. But the week ended higher at RMB14550 per tonne on Friday, January 17, up RMB 240...
LME aluminium recorded relentless hikes this week on incessant stock decline; SHFE aluminium showed a steady trend
After a little ease last week, on Friday, January 10, on the news of the Trump administration imposing fresh sanctions on Iran and weaker-than-expected US jobs data, the US dollar on Monday, January 13, began the week steadily and continued to remain so the next day. However, on Wednesday and...
