Inventory overview: 850,000 tonnes arrives as expected; destocking pace slows marginally China’s aluminium ingot social inventory fell steadily from a phase high of 1.13 million tonnes in early July, with destocking of more than 170,000 tonnes in July alone. In August, the pace of destocking slowed...
Aluminium billet inventory fell to 139,500 tonnes, warehouse withdrawals recovered and processing fees were broadly under pressure. According to SMM statistics, China's aluminium billet inventory in major consumption areas recorded 139,500 tonnes on August 27, down 5,000 tonnes from last Monday and...
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National Aluminium Company Limited (NALCO) has again curtailed its aluminium products prices in less than a week from the previous cut. With effect from Thursday, February 16, NALCO’s aluminium wire rod price has been reduced by INR 5,300 per tonne or 2.24 per cent to INR 231,050 -235,400 per...
On Thursday, February 16, China’s aluminium billet inventory slumped by 12,100 tonnes from 214,400 tonnes recorded the previous week. The inventory as of today settled at 202,300 tonnes. After earlier halting the increasing trend, there were two weeks of fall. Each of the five major markets saw a...
Vedanta Limited cut its aluminium ingot and aluminium products prices by INR 3,500 per tonne on Tuesday, February 14. That brought the company’s aluminium ingot price to INR 227,750-258,250 per tonne versus INR 231,250-261,750 per tonne on February 7. With the latest cut, Vedanta’s aluminium wire...
One of North America’s fastest-growing and leading producers of aluminium billet and slab, Matalco, announced the completion of its new facility in Franklin, Kentucky. The new facility began operations in December 2022 and is known for producing aluminium ingot slabs from secondary aluminium. With...
Hindalco Industries Limited has further reduced its aluminium ingot and aluminium products prices by INR 3,500 per tonne or 1.5 per cent with effect from Tuesday, February 14. That has brought the company’s aluminium ingot price to INR 226,750 per tonne versus INR 230,250 per tonne on February 10....
Vedanta Limited has further reduced its aluminium ingot and aluminium products prices in response to the incessant LME aluminium price fall for over a week. The latest price chart indicates the company’s aluminium wire rod price has experienced a cut of INR 5,000 per tonne or 2 per cent, with...
Vedanta Limited has extended its aluminium ingot and products price cut with effect from Tuesday, February 7. The company has reduced its aluminium ingot price by INR 6,250 per tonne or 2.58 per cent to INR 236,250-266,750 per tonne versus INR 242,500-273,000 per tonne on February 3. Vedanta’s...
Hindalco Industries Limited has significantly reduced its aluminium products and aluminium ingot prices for the second consecutive time, in line with the back-to-back LME aluminium price fall since February 1. With effect from Tuesday, February 7, Hindalco has curtailed its aluminium wire rod price...
On Thursday, February 2, China's aluminium billet inventories closed at 209,400 tonnes after recording a weekly surge of 42,200 or 25.3 per cent across five major consumption areas. In the first trading week following the CNY holiday in 2022 and 2021, the billet inventory had weekly gains of 25,000...
Vedanta Limited reduced its aluminium ingot and aluminium products prices by INR 3,000 per tonne on Friday, February 3, following an increase of INR 7,000 per tonne on the previous day. On February 3, Vedanta’s aluminium ingot price came in at INR 242,500-255,500 per tonne, compared to INR...
Vedanta Limited has curtailed its aluminium ingot and aluminium products prices by INR 3,500 per tonne, with effect from February 1, 2023. That brought the company’s aluminium ingot price to INR 238,500-269,000 per tonne versus INR 242,000- 272,500 per tonne on January 31. Vedanta’s aluminium wire...
A week later, since the last hike, National Aluminium Company Limited (NALCO) has further increased its aluminium products and aluminium ingot prices, with effect from Thursday, January 26. This marks the third consecutive escalation in NALCO’s aluminium prices. According to the latest price chart...
Aluminium Stewardship Initiative has awarded PT Indonesia Asahan Aluminium (INALUM) Persero the Performance Standard V3 (2022) Certification for the smelting plant at Kuala Tanjung, Indonesia. Asahan Aluminium (INALUM) Persero is the first company to have received the updated Performance Standard...
Hindalco Industries Limited increased its aluminium products prices by INR 2,000 per tonne, with effect from January 25. That brought the company’s aluminium wire rod price to INR 253,600 per tonne versus INR 251,600 per tonne on January 21. Hindalco’s aluminium billets price came in at INR 256,600...
Vedanta Limited has added INR 2,000 per tonne to its aluminium products and aluminium ingot prices on Wednesday, January 25. That brought the company’s aluminium wire rod price to INR 251,000-258,500 per tonne versus INR 249,000-256,500 on January 21. Vedanta increased its aluminium wire rod price...
China’s aluminium billet inventories recorded a hike on Thursday, January 19, marking the fourth consecutive week of rise. According to the Shanghai Metals Market data, the inventories accumulated 37,200 tonnes from the previous week to reach 131,900 tonnes across five major consumption areas....
Vedanta Limited has slashed the prices of aluminium products from January 20 following a surge on the previous day. The company has cut its aluminium wire rod price by INR 9,250 per tonne or 3.5 per cent to INR 245,500-253,000 per tonne as of January 20. On January 19, the price stood at INR...
Vedanta Limited lifted its aluminium products and aluminium ingot prices by INR 4,500 per tonne on Saturday, January 14. That brought the company’s aluminium wire rod price to INR 243,000-250,500 per tonne versus INR 238,500-246,000 per tonne on January 12. With the latest hike, Vedanta’s aluminium...
