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 increased its aluminium products and aluminium ingot prices on Saturday, June 5, the next day after it cut the prices by INR 5,000 per tonne. The company expanded its aluminium wire rod price by INR 1,750 per tonne or 0.84 per cent to INR 211,000=218,500 per tonne, with effect from...
Century Aluminum will expand production capacity at Mt. Holly aluminium smelter. The expansion is likely to be completed by the end of 2021. The company also announced an investment of more than $60 million to create 100 new jobs in Berkeley County at its Mt. Holly plant. The smelter casts molten...
Hindalco Industries Limited has slashed its aluminium products price by INR 4,000 per tonne. With effect from Friday, 04 June 2021, aluminium billets price has reduced by 1.87% to stand at INR 210,100 per tonne from INR 214,100 per tonne on June 02. The wire rods and aluminium ingots prices stand...
National Aluminium Company Limited (NALCO) has sharply increased its aluminium ingot and aluminium products prices with effect from Tuesday, June 1, after three cuts in a row since May 19. NALCO has raised its aluminium ingot price by INR 8,000 per tonne or 4 per cent to INR 204,350-207,850 per...
Hindalco Industries Limited has further expanded its aluminium products price. With effect from Wednesday, 02 June 2021, aluminium billets price has jumped by INR 6,000 per tonne or 2.88% to stand at INR 214,100 per tonne. The company had reported billets price of INR 208,100 per tonne on May 28....
Vedanta Limited has significantly expanded its aluminium ingot and aluminium products prices for the third time in a row, with effect from Wednesday, June 2, 2021. Vedanta has raised its aluminium ingot price by INR 6,250 per tonne or 2.9 per cent to INR 206,750-219,750 per tonne on June 2. Last...
The aluminium downstream sector remained quite happening in the week around the world, with Hindalco to resume on-hold projects due to the pandemic, now plans for INR 2700 crore investment to get it on track. On the other hand, the global aluminium giant, headquartered in Norway, Norsk Hydro has...
Vedanta has continued to raise its aluminium products price by more than 1%. With effect from Friday, 28 May 2021, the prices of some aluminium ingots have inched up by INR 3,250 per tonne to stand at INR 200,500-213,500 per tonne from INR 197,250-210,250- per tonne on May 26. The company’s billets...
According to Shanghai Metals Market, stocks of 6063 aluminium billet across five major consumption areas in China declined by 200 tonnes from previous week to stand at 88,300 tonnes as of Thursday, 27 May 2021. Aluminium billet Shipments out of warehouses reduced by 13,700 tonnes on the week to...
Vedanta Limited has reduced its aluminium products and aluminium ingot prices for the second time in a row, with effect from Tuesday, May 25. The company has cut its aluminium billet price by INR 7,750 per tonne or 3.68 per cent to INR 202,750 per tonne. Last week on May 20, Vedanta’s aluminium...
Hindalco Industries Limited has continued to decline its aluminium products price. With effect from Tuesday, 25 May 2021, aluminium billets price has dropped by INR 7,750 per tonne or 3.69% to stand at INR 202,100 per tonne, from INR 209,850 per tonne on May 20. The wire rods price stands at INR...
Vedanta Limited has decreased its aluminium products and aluminium ingot prices on May 20, following a raise on a day ago. Vedanta is now selling its aluminium wire rod at INR 210,000-217,500 per tonne, which is INR 5,500 per tonne or 2.5 per cent less than INR 215,500-223,000 per tonne on May 19....
Shanghai Metals Market data showed that aluminium billet inventories decreased by 16,600 tonnes or 15.8 per cent week-on-week across the five major consumption areas in China. That brought the inventories to 88,600 tonnes on May 20, compared to 105,200 tonnes on May 13. The fall in aluminium billet...
National Aluminium Company Limited (NALCO) has sharply reduced its aluminium products and aluminium ingot prices with effect from Wednesday, May 19, following a significant hike in prices on May 11. With the latest cut, NALCO’s aluminium wire rod price has come in at INR 209,050-213,400 per tonne,...
Hindalco Industries Limited has slashed its aluminium products price by around 1.39%. With effect from Saturday, 15 May 2021, aluminium billets price has dropped by INR 3,000 per tonne from INR 216,350 per tonne on May 13 to stand at INR 213,350 per tonne. The company’s wire rods price stands at...
Aluminium billet inventories in China decreased this week, ending on May 13, following a slight rise last week. According to the Shanghai Metals Market data, 6063 aluminium billet stocks shrank by 33,900 tonnes across the five major Chinese consumption areas to come in at 105,200 tonnes. SMM...
Vedanta Limited, a subsidiary of Vedanta Resources Limited, has sharply cut its aluminium products and aluminium ingot prices with effect from Thursday, May 13. Vedanta's aluminium wire rod price has come in at INR 217,000-224,500 per tonne, down by INR 7,250 per tonne from INR 224,250-231,750 per...
Hindalco Industries Limited has raised its aluminium products price by more than 1%. With effect from Tuesday, 11 May 2021, aluminium billets price stands at INR 224,100 per tonne, representing a growth of 1.24% or INR 2,750 per tonne from INR 221,350 per tonne on May 8. Aluminium ingot and wire...
