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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Social inventories of aluminium billets in China have further built up 15,100 tonnes week-on-week to peg at 95,000 tonnes on January 12 across the five major consumption areas. Except for Changzhou, all the major markets have witnessed a growth in billet inventories this week, driven by high...
Hindalco Industries Limited has hiked its aluminium ingot and aluminium products prices for the second day in a row on January 11, 2023. With the recent price rise, the company’s aluminium ingot price has come in at INR 226,750 per tonne per tonne, up by INR 5,000 per tonne or 2.25 per cent from...
According to the Shanghai Metals Market data, China’s aluminium production in December 2022 (31 calendar days) was recorded at 3.44 million tonnes – 2.99 per cent more than 3.34 million tonnes in the previous month and 8.18 per cent higher than 3.14 million tonnes a year earlier. The cumulative...
Vedanta Limited has lifted its aluminium ingot and aluminium products prices by INR 7,750 per tonne, with effect from Tuesday, January 10. That has brought the company’s aluminium ingot price to INR 222,750-253,250 per tonne versus INR 215,000-245,500 per tonne on January 7. Vedanta’s aluminium...
Hindalco Industries Limited has cut its aluminium products and aluminium ingot prices for the third time in a row since the year 2023 began. With effect from Saturday, January 7, Hindalco has trimmed its aluminium wire rod price by INR 1,500 per tonne from INR 226,600 per tonne to INR 225,100 per...
Vedanta Limited has increased its aluminium ingot and alumium products prices, with effect from Thursday, January 6, following a slash last day. On January 6, Vedanta’s aluminium ingot price has seen a rise of INR 1,250 per tonne to peg at INR 217,500-248,000 per tonne. On January 5, the price...
The domestic social inventory of aluminium billets continued to rise this week and, as of January 5, the inventory had settled at 79,700 tonnes, up 18,800 tonnes from the previous week. As conversion margins increased in Foshan and the price differential between east and south China reverted to...
Hindalco Industries Limited has continued to trim its aluminium ingot and aluminium product prices in line with the downtrend price on the London Metal Exchange. On Thursday, January 5, Hindalco slashed its aluminium ingot price by INR 7,500 per tonne or 3.36 per cent to INR 215,500 per tonne from...
As of Thursday, December 29, China’s aluminium billet inventories were 60,900 tonnes, recording a growth of 5,100 tonnes from the week before. The overall supply of billets remained plentiful. While the inventory in east China may increase considerably due to stocking demand and comparatively more...
Hindalco Industries Limited has further increased its aluminium products prices, with effect from Friday, October 30, although at a lower rate than the previous day. With the latest rise, Hindalco’s aluminium wire rod price has come in at INR 237,100 per tonne, down by INR 1,250 per tonne from INR...
Vedanta Limited trimmed its aluminium ingot and aluminium products prices by INR 1,250 per tonne on Tuesday, December 27, following a raise of INR 3,000 per tonne on December 22. That brought the company’s aluminium ingot price to INR 224,250-255,250 per tonne versus INR 225,500-256,500 per tonne...
As of Thursday, December 22, SMM's social inventory of aluminium billets was 57,600 tonnes, a decrease of 3,800 tonnes from a week prior, primarily due to Foshan. According to SMM research, several aluminium billet factories in Inner Mongolia, Ningxia, and Gansu reduced or suspended production in...
Vedanta Limited has curtailed its aluminium products and aluminium ingot prices by INR 3,000 per tonne, with effect from December 20. That followed a cut of INR 2,750 per tonne in the previous week, December 17. With the latest cut, Vedanta’s aluminium wire rod price has come in at INR 230,000-...
National Aluminium Company Limited (NALCO) reduced its aluminium ingot and aluminium products prices, with effect from December 15, following a significant rise of 6.6 per cent on December 7. NALCO this week cut its aluminium ingot price by INR 6,500 per tonne from INR 235,150-238,650 per tonne to...
Vedanta Limited’s aluminium ingot and aluminium products prices have rebounded on December 16 after a dip on the previous day. On Thursday, December 15, the company cut its aluminium ingot selling price by INR 1,250 per tonne to INR 228,250- 259,250 per tonne but added to same amount on the next...
Hindalco Industries Limited has cut its aluminium products and aluminium ingot prices for the second time in a row, although at a slower rate than earlier, with effect from Thursday, December 15. The company has trimmed its aluminium wire rod price by INR 1,250 per tonne or 0.5 per cent to sell the...
Vedanta Industries Limited has curtailed its aluminium products and aluminium ingot prices by 2.2 per cent or INR 5,500 per tonne, with effect from December 13, bringing the aluminium wire rod price to INR 235,750- 243,250 per tonne. Prior to this, the last revision of price was on December 6 when...
On Thursday, December 8, the social inventory of aluminium billets was 71,600 tonnes, up 2,600 tonnes from the previous week but down 4,300 tonnes from the previous Monday, December 5. The inventory increased by 4,300 tonnes from November's end but decreased by 13,900 tonnes from the prior year....
