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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Vedanta Limited continued to increase its aluminium ingot and aluminium product prices on Tuesday, December 6. The company expanded its aluminium ingot price by INR 4,500 per tonne or 1.96 per cent to sell the products at INR 233,750-264750 per tonne. On December 3, the price had settled at INR...
Vedanta Limited trimmed its aluminium products and aluminium ingot price by INR 1,500 per tonne on Saturday, December 3. That brought the company’s aluminium wire rod price to INR 235,250-242,750 per tonne versus INR 236,750-244,250 per tonne on December 2. With the latest cut, Vedanta’s aluminium...
On Thursday, December 1, aluminium billet inventories in China increased to 69,000 tonnes, up by 6,000 tonnes from a week ago. The hike was witnessed in all the major consumption areas except Changzhou. Since late October, there had been a sporadic accumulation of aluminium billet inventory;...
Vedanta Limited has increased its aluminium products and aluminium ingot prices following back-to-back cuts on November 24, 25 and 29. On Wednesday, November 30, Vedanta has hiked its aluminium wire rod price by INR 2,000 per tonne to sell the product at INR 228,750-236,250 per tonne. Aluminium...
National Aluminium Company Limited (NALCO) has again curtailed its aluminium ingot and aluminium products prices, with effect from Tuesday, November 29, marking the second consecutive cut. NALCO’s aluminium ingot price has been reduced by INR 4,600 per tonne from INR 225,050-228,550 on November 19...
Vedanta Limited further curtailed its aluminium products and aluminium ingot prices for the second day in a row, with effect from Friday, November 25. Vedanta cut its aluminium wire rod price by INR 1,750 per tonne to sell the product at INR 229,250-236,750 per tonne versus INR 231,000-238,500 per...
Hindalco Industries Limited has slashed its aluminium products and aluminium ingot prices for two successive days – November 24 and 25. As per the data, on November 25, Hindalco trimmed its aluminium wire rod price by INR 2,000 per tonne from INR 233,850 per tonne to INR 231,850 per tonne. As per...
On Thursday, November 24, the domestic social inventory of aluminium billet increased by 2,400 tonnes from a week before 63,000 tonnes. Reduced production in northwest China and disruption of production and railway transport in Shandong supported local conversion margins to the east and north....
Vedanta Limited has reduced its aluminium ingot and aluminium products prices by INR 2,750 per tonne on Thursday, November 24, just after the day it hiked its products prices by INR 4,500 per tonne. The latest cut has brought the company’s aluminium ingot price to INR 223,500-254,500 per tonne as...
Hindalco Industries Limited has reduced its aluminium ingot and aluminium product prices, from Thursday, November 24, following a hike the previous day. As per the data, Hindalco has curtailed its aluminium ingot price by INR 2,500 per tonne to sell the product at INR 222,750 per tonne from INR...
Vedanta Limited has hiked its aluminium ingot and aluminium products prices, with effect from Wednesday, November 23, following a cut on the previous day. On Tuesday, November 22, Vedanta reduced its aluminium ingot price by INR 2,000 per tonne to INR 221,750-252,750 per tonne, following which, the...
After revising aluminium prices for three consecutive days from November 17 to 19, Hindalco paused for two days and then cut both its aluminium products and aluminium ingot prices, with effect from November 22. Hindalco curtailed its aluminium wire rod price by INR 2,000 per tonne to sell the...
Vedanta Aluminium, India’s largest aluminium producer, held a technical masterclass on how to boost extrusion productivity, with about 300 participants from 60 leading companies in the extrusion industry from the US, the UK, India, Portugal, Greece, Australia, Israel and many more. The masterclass...
Aluminium Stewardship Initiative announced on Tuesday, November 22, that it successfully certified Press Metal Bintulu Sdn Bhd, a subsidiary of Press Metal Aluminium Holdings Berhad, against the Performance Standard V2 (2017) Certification. Through the certification, ASI has acknowledged the...
National Aluminium Company Limited (NALCO) has cut its aluminium ingot and aluminium products prices, effective from Saturday, November 19, after three consecutive hikes since the beginning of the month. NALCO’s aluminium ingot price has seen a trim of INR 2,900 per tonne from 227,950-231,450 per...
Vedanta Limited reduced its aluminium ingot and aluminium products prices by INR 3,500 per tonne on Friday, November 18. With the latest cut, Vedanta’s aluminium ingot price hovered around 221,250-252,250 per tonne versus INR 224,750- 255,750 per tonne on November 17. Vedanta’s aluminium wire rod...
According to the Shanghai Metals Market, aluminium billet inventories in China have accumulated 6,400 tonnes over the week ending November 17, 2022, amounting to 60,600 tonnes. Last Thursday, November 10, inventories fell by almost the same amount (6,300 tonnes) to stand at 54,200 tonnes. Increase...
Vedanta Limited’s aluminium products prices have witnessed further expansion over the past four days ending November 16. The company’s aluminium wire rod price has been grown by INR 2,000 per tonne to INR 234,000-241,500 per tonne, following a significant hike of INR 9,250 per tonne on Saturday,...
