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 has raised its aluminium products price for the sixth time in a row. With effect from Tuesday, 11 May 2021, the prices of some aluminium ingots have come in at INR 216,750-229,750 per tonne, indicating a growth of 1.3% or INR 2,750 per tonne from INR 214,000-227,000 per tonne on May 8. The...
Vedanta Limited has expanded its aluminium ingot and aluminium products prices for the fourth time in a row, with effect from Friday, May 7. The last raise was a week ago, on April 30, by INR 2,250 per tonne. This week, Vedanta’s aluminium ingot price has witnessed an increase of INR 3,250 per...
Hammerer Aluminium Industries (HAI), the Ranshofen, Austria headquartered company, considered as the hidden champions of the aluminium industry has shifted towards the usage of three multidirectional forklifts from the Irish manufacturer Combilift, to ensure the safer and more efficient handling of...
According to the Shanghai Metals Market, 6063 aluminium billet inventories in China have increased by 9 per cent or 5,100 tonnes after eight consecutive weeks of decline. On May 6, 2021, aluminium billet inventories are standing at 139,100 tonnes compared to 134,000 tonnes last week on April 29....
National Aluminium Company Limited (NALCO) grew its aluminium ingot and aluminium products prices for the fourth time in a row with effect from Saturday, May 1, 2021. NALCO’s aluminium ingot price witnessed a hike of INR 1,800 per tonne or 0.88 per cent to INR 206,850-210,350 per tonne. Earlier on...
Vedanta has reported a growth in its aluminium products by INR 2,250 per tonne. With effect from Friday, 30 April 2021, the prices of some aluminium ingots have increased by more than 1% to stand at INR 208,000-221,000 per tonne from INR 205,750-218,750 per tonne on April 23. The company’s billets...
Hindalco Industries Limited has further expanded its aluminium ingot and aluminium products prices for the third time in a row. The last hike was a week ago, on April 23, by INR 2,750 per tonne. This week the prices have witnessed a hike of INR 2,250 per tonne with effect from Friday, April 30....
According to the Shanghai Metals Market, 6063 aluminium billet inventories in China have decreased by 28,700 tonnes week-on-week across the five major consumption areas as of Thursday, April 29. SMM data shows the billet stocks have totalled 134,000 tonnes today compared to 162,800 tonnes last...
National Aluminium Company Limited (NALCO) has expanded its aluminium products and aluminium ingot prices with effect from Tuesday, April 27. This marks the third consecutive week of NALCO’s aluminium price hike. With the latest raise, NALCO’s aluminium wire rod price has come in at INR...
Vedanta Limited has raised its aluminium products and aluminium ingot prices by INR 3,750 per tonne with effect from Friday, April 23. Hence, the company is now selling its aluminium wire rod price at INR 213,250-220,750 per tonne compared to INR 209,500-217,000 per tonne on April 20. Vedanta’s...
Aluminium billet inventories in China have decreased relatively slower this week on April 22 by 2,500 tonnes or 1.5 per cent from the previous week, found the Shanghai Metals Market. Data shows the inventories across the five major Chinese consumption areas have come in at 162,800 tonnes. Last week...
ELLWOOD Aluminum, a manufacturer of aluminium ingot and billet, rectangular slab, and cast plate, has announced the completion of its Hubbard plant. The work on 12,000-square-foot casting plant started in 2018 to increase the company’s production capabilities. ELLWOOD Aluminum has invested $60...
Vedanta Limited has raised its aluminium products prices by INR 2,500 per tonne with effect from Tuesday, April 20. The company’s aluminium wire rod price has come in at INR 209,500-217,000 per tonne compared to INR 207,000-214,500 per tonne on April 17, while the price of Vedanta’s aluminium...
Hindalco Industries Limited has again significantly increased its aluminium ingot and aluminium products prices with effect from Tuesday, March 20, following a slash on last Saturday, April 17. With the latest hike, Hindalco’s aluminium ingot price has come in at INR 203,250 per tonne, up by INR...
A day after increasing the aluminium products prices by INR 7,000 per tonne on April 16, both Hindalco Industries Limited and Vedanta Limited reduced the prices by a little more than 1 per cent with effect from April 17, 2021. Hindalco’s aluminium wire rod price came in at INR 210,350 per tonne on...
Vedanta Limited has increased its aluminium ingot and aluminium products prices for the fifth time in a row with effect from Friday, April 16. In tandem with the continuous surge in LME aluminium benchmark price, the company has sharply increased the prices of its products by INR 7,000 per tonne...
According to the Shanghai Metals Market, aluminium billet inventories in China have shrunk by 15,800 tonnes week-on-week across five major consumption areas to stand at 165,200 tonnes as of April 15, 2021. This marks the sixth consecutive week of decline since March 11, 2021. On last Thursday,...
Hindalco Industries Limited has raised its aluminium products price by more than 1%. With effect from Friday, 09 April 2021, aluminium billets price stands at INR 202,600 per tonne, a growth of 1.5% or INR 3,000 per tonne from INR 199,600 per tonne on April 8. Aluminium ingot and wire rods prices...
