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 reported a growth in its aluminium products for the fourth day in row. With effect from Friday, 09 April 2021, the prices of some aluminium ingots have increased by more than 1% or INR 2,750 per tonne from Thursday’s price of INR 192,750-205,750 per tonne. Aluminium price is currently...
According to Shanghai Metals Market, stocks of aluminium billet across five major consumption areas in China declined by 12,800 tonnes from a week ago to 181,000 tonnes as of Thursday April 8. Aluminium billet outbound quantity decreased by 9,200 tonnes on the week to 56,800 tonnes last week. The...
Vedanta has hikes its aluminium products price for the three consecutive days. With effect from Thursday, 08 April 2021, the prices of some aluminium ingots are in the range of INR 192,750-205,750 per tonne. The price has marked a growth of 0.78% or INR 1,500 per tonne from INR 191,250-204,250 per...
Hindalco Industries Limited has increased its aluminium products and aluminium ingot prices for the second day in a row on Thursday, April 8. Hindalco has expanded its aluminium wire rod price by INR 1,500 per tonne with effect from April 8 compared to the hike of INR 2,750 per tonne on April 7....
Vedanta has raised its aluminium products price for the second day in a row. With effect from Wednesday, 07 April 2021, the prices of some aluminium ingots stand at INR 191,250-204,250 per tonne, indicating an increase of 1.25% or INR 2,500 per tonne from INR 188,750-201,750 per tonne on April 6....
According to Shanghai Metals Market, stocks of aluminium billet across five major consumption areas in China drooped by 4,300 tonnes from a week ago to 193,800 tonnes as of Thursday April 1. Aluminium billet shipments increased by 200 tonnes on the week to 66,000 tonnes. The chart below indicates...
Vedanta Limited has reduced its aluminium products and aluminium ingot prices with effect from March 31, following a raise on March 27. Vedanta’s aluminium wire rod price has come in at INR 194,000-201,500 per tonne, down by INR 1,500 per tonne or 0.77 per cent from INR 195,500-203,000 tonnes on...
Hindalco Industries Limited further raised its aluminium products and aluminium ingot prices with effect from Saturday, March 27. The company’s aluminium wire rod price came in at INR 200,850 per tonne as of March 27, up by INR 2,500 per tonne from INR 198,350 per tonne on March 25. Hindalco’s...
The large container vessel maritime traffic jam on the Suez Canal in Egypt has intensified the shortage of primary aluminium billet supplies in Europe, which resulted in higher premiums on 26 th March 2021. Suez Canal, an artificial sea-level waterway in Egypt, connecting the Mediterranean Sea to...
Hindalco Industries Limited increased its aluminium products and aluminium ingot prices on Thursday, March 25, following a sharp cut on March 24. Hindalco’s aluminium wire rod price witnessed a slash of INR 4,250 per tonne on March 24 from INR 200,350 per tonne to INR 196,100 per tonne. However, on...
Shanghai Metals Market data showed on Thursday, March 25, that aluminium billet inventories in China decreased by 34,700 tonnes from a week ago across five major consumption areas, including SHFE warrants, to come in at 198,200 tonnes. Lower aluminium prices in the previous two days led to...
Vedanta Limited slashed its aluminium ingot and aluminium products prices by INR 4,000 per tonne with effect from March 24, following a hike of INR 3,500 per tonne on March 23. That brought the company’s aluminium ingot price to INR 183,250-196,250 per tonne from INR 187,250-200,250 per tonne on...
Hindalco Industries Limited further expanded its aluminium products and aluminium ingot prices with effect from Tuesday, March 23. With the latest hike, Hindalco’s aluminium wire rod price is standing above INR 200,000 per tonne. It was increased by INR 3,750 per tonne on March 23 to INR 200,350...
Vedanta has hiked its aluminium products price by around 2% today. With effect from Tuesday, 23 March 2021, the prices of some aluminium ingots stand at INR 187,250-200,250 per tonne. The price registered an increase of INR 3,500 per tonne from INR 183,750-196,750 per tonne on March 18. The company...
Hindalco Industries Limited has again increased its aluminium products and aluminium ingot prices with effect from March 18 after an intermittent cut on March 17. The company’s aluminium wire rod price has been raised by INR 2,250 per tonne to INR 196,600 per tonne after being cut by INR 1,250 per...
Vedanta has registered a hike of 1.32% in its aluminium products price on March18. With effect from Thursday, 18 March 2021, the prices of some aluminium ingots stand at INR 183,750-196,750 per tonne, an increase of 1.32% or INR 2,500 per tonne from INR 181,250-194,250 per tonne on March 17. The...
According to Shanghai Metals Market, stocks of aluminium billet across five major consumption areas in China reduced by 3,900 tonnes from a week ago. The inventories came in at 232,900 tonnes as of Thursday March 18. The chart below indicates the current status of aluminium billet inventories...
Vedanta has cut its aluminium products price after raising it by INR 3,750 per tonne on March 16. With effect from Wednesday, 17 March 2021, the prices of some aluminium ingots are in the range of INR 181,250-194,250 per tonne, a drop of INR 1,500 per tonne from INR 182,750-195,750 per tonne on...
