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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The global aluminium downstream industry remained muted this week, except a few important updates. On Monday, November 8, Aluminium Stewardship Initiative announced that it successfully certified Aluflexpack, one of the leading international manufacturers of outstanding flexible packaging, against...
National Aluminium Company Limited (NALCO) has increased its aluminium ingot and aluminium products prices with effect from November 11, following three consecutive cuts since October 25. The latest hike has brought the company’s aluminium ingot price to INR 219,850-223,350 per tonne versus INR...
Aluminium billet inventories in China have decreased for the fourth straight week by 26,100 tonnes or 18.87 per cent across five major consumption areas, found the Shanghai Metals Market. As a result, the inventories have come in at 112,200 tonnes as of Thursday, November 11, primarily contributed...
Hindalco Industries Limited has sharply cut its aluminium products prices, with effect from Tuesday, November 9, following the last hike on November 4. Hindalco’s aluminium billets price has witnessed a slash of INR 15,500 per tonne or 6.29 per cent to INR 230,850 per tonne. On November 4, the...
Hindalco Industries Limited has increased its aluminium products and aluminium ingot prices after continuous cuts since October 21, 2021. With effect from November 4, Hindalco’s aluminium wire rod price has witnessed a rise of INR 1,500 per tonne to INR 246,850 per tonne. On November 3, the price...
According to the Shanghai Metals Market (SMM), aluminium billet inventories in China descended by 24,500 tonnes week-on-week across five major consumption areas. As a result, the inventories totalled at 138,300 tonnes on Thursday, November 4. The major reason behind the decline in aluminium billet...
According to the Shanghai Metals Market (SMM), aluminium billet inventories in China dropped by 18,100 tonnes week-on-week across five major consumption areas. As a result, the inventories totalled at 163,100 tonnes on Thursday, October 28. The major reason behind the decrease in aluminium billet...
Hindalco Industries Limited has decreased its aluminium products and aluminium ingot prices with effect from Saturday, October 23, bringing its aluminium wire rod price to INR 267,100 per tonne. That was down by INR 5,250 per tonne or 1.93 per cent from INR 272,350 per tonne on October 22....
National Aluminium Company Limited has sharply reduced its aluminium ingot and aluminium products prices with effect from Saturday, October 23, following a significant rise of INR 24,300 per tonne on October 15. With the latest cut, NALCO’s aluminium ingot price has come in at INR 253350-256850 per...
The global aluminium downstream segment remains in the spotlight this week with regard to multiple happenings. The world second-largest and Asia’s biggest producer of aluminium extrusions, China Zhongwang whose products are broadly consumed in multiple sectors like transport, construction and...
According to the Shanghai Metals Market, aluminium billet inventories in China decreased by 3,200 tonnes week-on-week across five major consumption areas. As a result, the inventories closed at 181,200 tonnes on Thursday, October 21. Stock decline in Foshan and Nanchang resulted in the decrease in...
National Aluminium Company Limited (NALCO) has reduced its aluminium ingot and aluminium products prices with effect from Friday, October 1, following an increase on September 25. NALCO has cut its aluminium ingot price by INR 1,400 per tonne to INR 244,950-248,450 per tonne on October 1. On...
According to the Shanghai Metals Market, aluminium billet inventories have grown marginally by 500 tonnes week-on-week across five major consumption areas to stand at 157,500 tonnes as of Thursday, September 30. Among all the major Chinese cities, Nanhai has contributed maximum to the growth in...
National Aluminium Company Limited (NALCO) has increased its aluminium ingot and aluminium products prices with effect from Saturday, September 25, after a week it decreased the prices on September 17. With the latest hike, NALCO’s aluminium ingot price has come in at INR 246,350-249,850 per tonne,...
Hindalco Industries Limited has further lowered its aluminium products and aluminium ingot prices on Tuesday, September 28, in line with back-to-back LME aluminium price fall. With effect from September 28, Hindalco has reduced its aluminium wire rod price by INR 1,500 per tonne to INR 256,600 per...
Aluminium billet inventories in China grew further this week ended September 23, 2021, to stand at 157,000 tonnes. According to the Shanghai Metals Market, inventories rose by 8,200 tonnes over the week across the five major Chinese consumption areas. Huzhou and Changzhou were the leading...
The Highland Council have approved the proposal of GFG Alliance aluminium arm Alvance’s recycling plant next to the Lochaber smelter near Fort William. Sanjeev Gupta chaired Alvance Aluminium will use the recycled materials, along with metal from the smelter, in a new casting facility. The approved...
Soon after a day of decline, Hindalco’s aluminium ingot and aluminium products prices have seen a rise with effect from Wednesday, September 22. Hindalco Industries Limited has increased its aluminium ingot price by INR 1,250 per tonne or 0.52 per cent to INR 243,250 per tonne on September 22. On...
