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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According to Shanghai Metals Market, stocks of 6063 aluminium billet across five major consumption areas in China declined by 0.9% 1,200 tonnes from the previous week to 119,600 tonnes on Thursday, July 22, 2021. Aluminium billet outbound volume fell by 1,800 tonnes to 46,500 tonnes last week. The...
Vedanta has slashed its aluminium products price for the two days in a row. With effect from Tuesday July 20 2021, the prices of some aluminium ingots came in at INR 212,250-225,250 per tonne, down by more than 2% or INR 5,000 per tonne from INR 217,250-230,250 per tonne on July 16. The billets...
Vedanta has cut its aluminium products price after raising it for the two days in a row. With effect from Friday July 16 2021, the prices of some aluminium ingots stood at INR 217,250-230,250 per tonne, a drop of by INR 1,250 per tonne from INR 218,500-231,500 per tonne on July 15. The billets...
Hindalco Industries Limited has further hiked its aluminium products price. With effect from Friday, 15July 2021, aluminium billets and wire rods prices stand at INR 224,850 per tonne and INR 228,850 per tonne, an increase of INR 2,500 per tonne from INR 222,350 per tonne and INR 226,350 per tonne...
According to Shanghai Metals Market, stocks of 6063 aluminium billet across five major consumption areas in China declined by 2% this week. The inventories fell by 3,000 tonnes from the previous week to 120,800 tonnes on Thursday, July 15, 2021. Aluminium billet outbound volume rose by 800 tonnes...
Hindalco Industries Limited has raised its aluminium products price by INR 2,500 per tonne or more than 1%. With effect from Wednesday, 14 July 2021, aluminium billets and wire rods prices stand at INR 222,350 per tonne and INR 226,350 per tonne. That was an increase of INR 2,500 per tonne from INR...
Vedanta has hiked its aluminium products price by more than 1%. With effect from Wednesday, July 14 2021, the prices of some aluminium ingots have increased by INR 2,500 per tonne to stand at INR 215,750-228,750 per tonne, from INR 213,250-226,250- per tonne on July 13. The billets price stands at...
Hindalco Industries Limited decreased its aluminium ingot and aluminium products prices by INR 2,250 per tonne or 1 per cent with effect from Tuesday, July 13. This has brought the company’s aluminium ingot price to INR 212,750 per tonne from INR 215,000 per tonne on July 10. Hindalco Industries’...
Vedanta Limited has reduced its aluminium products and aluminium ingot prices with effect from Tuesday, July 13, in line with the decline in LME aluminium benchmark price on Monday, July 12. Vedanta’s aluminium wire rod price has come in at INR 220,750- 228,250 per tonne, up by INR 2,250 per tonne...
Vedanta has raised its aluminium products price after cutting the price of same product on July 9. With effect from Saturday, July 10 2021, the prices of some aluminium ingots have risen by INR 2,750 per tonne to stand at INR 215,500-228,500 per tonne, from INR 212,750-225,750- per tonne on July 9....
Hydro announced that its Rackwitz recycling plant will expand into production of the innovative HyForge forge stock segment. The new plant will start operations by end of first quarter 2023. The expansions will increase the use of post-consumer aluminium to ensure market-leading sustainability...
Vedanta Limited has slashed its aluminium products and aluminium ingot prices after a week since it increased the prices by INR 4,000 per tonne on July 3. The company has decreased its aluminium wire rod and aluminium billet prices sharply by INR 7,000 per tonne or 3 per cent with effect from...
According to the Shanghai Metals Market, aluminium billet inventories have built up 12,600 tonnes or 11 per cent this week on Thursday, July 8, to stand at 123,800 tonnes. SMM found that with the arrival of the traditional off-season, the demand and consumption of downstream aluminium fell,...
Shawinigan Aluminum Inc. (SAI) rolls out its new aluminium recycling center. On 15 th September 2020, as announced SAI is investing $ 10 million to build a new aluminium recycling center that will recycle 30,000 metric tonnes of aluminium per year. The additional recycling capacity is complementary...
Hindalco Industries Limited further increased its aluminium wire rod and billets prices, although slower than the previous day, with effect from Saturday, July 3. Both aluminium wire rod and aluminium billets prices rose by INR 3,500 per tonne to come in at INR 230,350 per tonne and INR 226,350 per...
Vedanta has raised its aluminium products price by more than 1%. With effect from Thursday, July 1 2021, the prices of some aluminium ingots have risen by INR 3,750 per tonne to stand at INR 219,000-232,000 per tonne, from INR 215,250-228,250- per tonne on June 30. The billets price stands at INR...
According to Shanghai Metals Market, stocks of 6063 aluminium billet across five major consumption areas in China increased by 1,400 tonnes from previous week to stand at 111,200 tonnes as of Thursday, 1 July 2021. Aluminium billet outbound volume rose by 12,800 tonnes to 51,100 tonnes last week,...
Vedanta Limited has increased its aluminium products and aluminium ingot prices by INR 5,500 per tonne or 2.5 per cent with effect from Wednesday, June 30. With the latest rise, Vedanta’s aluminium wire rod price has come in at 222,750-230,250 per tonne compared to INR 217,250-224,750 per tonne on...
