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AlCircle Pte Ltd
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Chinese A00 aluminium ingot price continues to grow while input costs decide to show restraint - According to Shanghai Metals Market, the A00 aluminium ingot price records a rise yet again on February 21, 2019, Shanghai Metals Market found. From RMB 13,390 per tonne, as of February 20, the price today has increased by RMB 40 per tonne to RMB 13,430 per tonne. With this rise today, the A00 aluminium ingot crosses its highest price so far this month of RMB 13,410 per tonne. The average prices...
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LME aluminium price slips again; SHFE aluminium gains 0.3% overnight - The US dollar index rose on Wednesday as the Federal Reserve’s latest policy meeting appeared more hawkish than the market had expected. LME base metals traded higher across the board on Wednesday and aluminium increased1%. SHFE base metals, except for tin, performed similarly overnight. SHFE aluminium gained 0.3%. LME aluminium closed the day’s trading at US$ 1829.50 per tonne. The three-month LME aluminium contract adv...
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LME aluminium price inches up 0.2%; SHFE to trade at RMB13,400-13,500/t - The US dollar fell on Tuesday as optimism about the outcome of a fresh round of US-China trade talks in Washington this week prompted traders to scale back their safe-haven greenback holdings. Most LME base metals traded higher on Tuesday and aluminium edged up 0.2%. SHFE base metals, except for lead, ended higher overnight and aluminium inched up 0.2%. LME aluminium closed the day’s trading at US$ 1833.50 per tonne. ...
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Chinese A00 aluminium ingot price grows RMB40/t; Yunnan Aluminium to commission 100K tonnes of capacity - After an intermittent plunge yesterday from RMB 13,410 per tonne to RMB 13,350 per tonne, the A00 aluminium ingot price has once again recorded a rise today, on February 20, to RMB 13,390 per tonne. This marks a growth of RMB 40 per tonne, according to Shanghai Metals Market. But due to the fall yesterday, the ingot price failed to continue at its highest point of this month RMB 13,410 ...
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Glencore to take delivery of 200K tonnes of aluminium from ISTIM in Port Klang, Malaysia - Anglo-Swiss mining company Glencore will reportedly take delivery of 200,000 tonnes of aluminium, which they had purchased on the London Metal Exchange, from warehouses owned by ISTIM UK in Port Klang, Malaysia. The news came when five sources familiar with the matter revealed the fact. According to the sources, Glencore wants the metal for delivery as a direct challenge to ISTIM, since the latter is ...
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Bahrain’s Alba targets Line 6 full ramp-up within Q3 2019 - Aluminium Bahrain B.S.C. (Alba), soon to be the largest aluminium smelter in the world, announced that its flagship Line 6 Expansion Project is progressing as per schedule with the successful testing of 40 pots which are now fully operational. Alba Chairman Shaikh Daij Bin Salman Bin Daij Al Khalifa, said: “We are delighted to have started Potline 6 ahead of schedule on 13 December 2018 and to have successfully started the first 40...
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Both LME and SHFE aluminium prices registered gain on the weekend; expected to trade higher today - The US dollar weakened on Friday after the indication that the central bank may hold off on raising interest rates in 2019. LME base metals traded higher across the board on Friday and aluminium gained 0.3%. SHFE base metals performed similarly on Friday night and aluminium advanced 0.8%. LME aluminium closed Friday’s trading at US$1828.50 per tonne and then the contract gained 0.3% overnight...
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A00 aluminium ingot price records fourth consecutive rise to the highest this month - The A00 aluminium ingot price has once again recorded a rise today, on February 18, by RMB 70 per tonne to stand at RMB 13,410 per tonne, found Shanghai Metals Market. This marks the fourth back-to-back growth and the highest in comparison with the previous three price rise. The aluminium ingot price, as of today, also stands the highest this month. The average prices are expected to range between RMB 13,3...
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AMAG opens new high-tech cladding station for multilayer material composites - AMAG,a leading Austrian premium supplier of high-quality aluminium cast and flat rolled products, announced that its newly constructed cladding station was officially commissioned on Monday, February 11, 2019. Helmut Wieser, Management Board Chairman (CEO) of AMAG, said: "The new plants expands our technological expertise and boosts our competitive strengths. With special multi-layer material composites made of a...
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Aluminium shipbuilder Breaux Brothers christens latest vessel for Holland America Lines - The US-based aluminium shipbuilder Breaux Brothers Enterprises reportedly christened its latest vessel Half Moon Clipper on February 14, 2019, in Loreauville. The ship is 105-foot long and weighs 94 tonnes when empty and 154 tonnes when loaded with fuel, water, and becomes absolutely ready for work, said Breaux Brothers’ co-owner and Vice President Vance Vic Breaux. The ship is built for Holland Americ...
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