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 raised its aluminium products and aluminium ingot price on Saturday, August 6, after three consecutive cuts since July 30. The company added INR 4,750 per tonne to its aluminium billet price to sell the product at INR 232,500 per tonne, with effect from August 6. On August 4, the...
On Thursday, August 4, China's aluminium billets inventory increased by 8,800 tonnes W-o-W to close at 116,400 tonnes, from 107,600 tonnes recorded last week. Since upstream output remained steady primarily, the supply doesn't appear to be decreasing. The stockpile of aluminium billets will most...
Hindalco Industries Limited back-to-back reduced its aluminium products and aluminium ingot prices, with effect from August 4, following a slash of INR 4,250 per tonne on August 3. On August 4, the company cut its aluminium wire rod price by INR 3,000 per tonne or 1.28 per cent to stand at INR...
Vedanta Limited has reduced its aluminium ingot and aluminium products prices for the third successive day on Thursday, August 4. The company’s aluminium ingot price has seen a cut of INR 3,250 per tonne to INR 218,750- 250,250 per tonne, which on August 3 witnessed a decline of INR 2,750 per tonne...
National Aluminium Company Limited has trimmed its aluminium ingot price, with effect from August 1, following an escalation of INR 11,300 per tonne on July 21. The price has slipped by only INR 1,000 per tonne to come in at INR 226,650-230,150 per tonne from INR 227,650-231,150 per tonne. But the...
Hindalco Industries Limited has slashed its aluminium ingot and aluminium products prices, with effect from August 3, 2022. The company has reduced its ingot price by INR 4,250 per tonne or 1.86 per cent to INR 224,000 per tonne on August 3. On July 29, the price came in at INR 228,250 per tonne,...
Vedanta Limited trimmed its aluminium products and aluminium ingot prices, with effect from Saturday, July 30, in line with a drop at the end of last week, July 29. Vedanta cut its aluminium wire rod price by INR 1,250 per tonne from INR 233,500- 241,000 per tonne to INR 232,250- 239,750 per tonne....
On Thursday, July 28, the aluminium billet inventory heightened by 12,200 tonnes from 95,400 tonnes recorded last week. The inventory as of Thursday, July 28, closed at 107,600 tonnes. As per the SMM data, the inventories in Foshan and Huzhou witnessed growth, whereas, on the other hand,...
Vedanta Limited has lifted its aluminium ingot and aluminium products prices, with effect from Friday, July 29, following a cut on the previous day, July 28. On Friday, Vedanta’s aluminium ingot price has come in at INR 226,000-257,500 per tonne, up by INR 5,250 per tonne or 2.38 per cent from the...
Hindalco Industries Limited has trimmed its aluminium ingot and aluminium products prices, with effect from July 26, after raising the prices on the previous day, July 23. Hindalco has cut INR 2,500 per tonne from INR 228,750 per tonne to sell the aluminium ingot price at INR 226,250 per tonne from...
Vedanta Limited has reduced its aluminium products and aluminium ingot prices by INR 2,750 per tonne, with effect from Tuesday, July 26, following an increase by the same amount on July 23. Vedanta’s aluminium billet price has come in at INR 233,000 per tonne, as against INR 235,750 per tonne on...
Vedanta Limited’s aluminium products and aluminium ingot prices rebounded on Saturday, July 23, following a cut on the previous day. With effect from Saturday, Vedanta’s aluminium wire rod price has increased by INR 2,750 per tonne to come in at INR 234,250-241,750 per tonne. On July 22, the price...
On Thursday, July 21, the aluminium billet inventories in China dropped by 3,100 tonnes W-o-W to close at 95,400 tonnes, from 98,500 tonnes a week ago. Except for Foshan and Huzhou, all major markets saw a decrease in inventories, partially attributable to fewer exports from smelters in northwest...
Hindalco Industries Limited has expanded its aluminium products and aluminium ingot prices for the third day in a row, with effect from Thursday, July 21. The company has increased its aluminium wire rod price by INR 4,000 per tonne to INR 239,850 per tonne as of July 21. On the previous day, the...
Vedanta Limited has expanded its aluminium ingot and aluminium products prices for the second day in a row, with effect from Wednesday, July 20. Vedanta’s aluminium ingot price has witnessed an increase of INR 3,250 per tonne to INR 222,750-254,250 per tonne on July 20. On July 19, the price stood...
As of July 14, the domestic aluminium billet social inventory closed at 98,500 tonnes, down by 3,200 tonnes W-o-W. Overall, decreased aluminium prices improved downstream consumer confidence. The durability of destocking will need strict monitoring, however, given the consistent output of aluminium...
The global metal and mining giant, Rio Tinto has announced that the group has decided in investing US$188 million (CA$240 million) to augment the production capacity for low-carbon, high-value aluminium billets at its Alma smelter in Lac-Saint-Jean, Quebec by 202,000 tonnes. The current casting...
After almost two weeks and close observation to the fluctuating LME aluminium price trend, NALCO revised its aluminium ingot and aluminium products prices on July 8. As per the price chart revealed, NALCO slightly cut its aluminium ingot price by INR 1,700, following two consecutive significant...
