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 has continued to increase its aluminium products and aluminium ingot prices with effect from Friday, February 19. The company’s aluminium wire rod price has come in at INR 187,250 – 194,750 per tonne, up significantly by INR 3,750 per tonne or 2.04 per cent from INR 183,500—191,000...
National Aluminium Company Limited (NALCO) has continued to increase its aluminium ingot and aluminium products prices for the third time in a row, with effect from Friday, February 19. NALCO is currently selling its aluminium ingot at INR 179,850 – 183,350 per tonne compared to INR 174,450 -...
According to Shanghai Metals Market, stocks of aluminium billet across five major consumption areas in China increased by 48,700 tonnes on higher cargoes arrivals. The stocks stood at 214,200 tonnes as of Thursday, February 18. The chart below indicates the current status of aluminium billet...
Hindalco Industries Limited has raised its aluminium products price today. With effect from Thursday, 18 February 2021, wire rods price stands at INR 187,350 per tonne, an increase of INR 2,000 per tonne from INR 185,350 per tonne on February 11. The company is selling its aluminium billets at INR...
Hindalco Industries Limited has hiked its aluminium products price by INR 1750 per tonne. With effect from Thursday, 11 February 2021, wire rods price stands at INR 185,350 per tonne, an increase of 0.95%from INR 183,600 per tonne on February 10. The company is selling its aluminium billets and...
According to Shanghai Metals Market, stocks of aluminium billet across five major consumption areas in China increased by 37,400 tonnes on lower shipments due to the Chinese New Year holiday. The stocks came in at 165,500 tonnes as of Wednesday February 10. Aluminium billet shipments stood at...
Vedanta has hiked its aluminium products price for the fourth time in a row. With effect from Wednesday, 10 February 2021, the prices of some aluminium ingots are in the range of INR 172,250-185,250 per tonne. This marks a growth of INR 1,750 per tonne from INR 170,500-183,500 per tonne on February...
Aluminium Stewardship Initiative has certified Alu-Met GmbH against Performance Standard Certification for re-melting and casthouse operations at Aluminium GmbH Nachrodt plant in Nachrodt, Germany. The facility has a total annual capacity of 75,000 tonnes of extrusion billets of 6000 alloy series...
Vedanta Limited has increased its aluminium ingot and aluminium products prices for the third day in a row, with effect from Tuesday, February 9. Aluminium ingot price has been raised by INR 1,250 per tonne from INR 169,250-182,250 per tonne on February 6 to INR 170,500-183,500 per tonne on...
Hindalco Industries Limited has increased its aluminium products and aluminium ingot prices for the third time in a row, albeit slower than the previous time, with effect from Tuesday, February 9. Hindalco’s aluminium wire rod price has come in at INR 181,850 per tonne after being raised by INR...
Shanghai Metals Market data showed 6063 aluminium billet inventories increased by 27,400 tonnes this week, ending on Thursday, February 4, across five major consumption areas, including SHFE warrants. The stocks thus came in at 128,200 tonnes compared to 100,700 tonnes last week, mainly...
In November’20, the £94 million investment and expansion plans announced by Alvance British Aluminium’s owners GFG Alliance, at its Locabher aluminium smelter in Fort William, which is encouraging up to 70 new jobs, while 20-25 jobs already created in the first three years of its acquisition. In...
Vedanta Limited has reduced its aluminium ingot and aluminium products prices with effect from Friday, January 29, in line with sluggish LME aluminium benchmark price since January 27. Decreasing the aluminium ingot price by INR 2,250 per tonne, Vedanta is now selling it at INR 167,250-180,250 per...
National Aluminium Company Limited (NALCO) has raised its aluminium ingot and aluminium products prices with effect from Thursday, January 28, after two consecutive weeks of decline. With the latest hike, NALCO’s aluminium ingot price has come in at INR 169,250-172,750 per tonne versus INR...
Hindalco Industries Limited has cut its aluminium products price by INR 2250 per tonne. With effect from Friday, 29 January 2021, wire rods price stands at INR 178,600 per tonne, a decrease of 1.24% from INR 180,850 per tonne on January 26. The company is selling its aluminium billets and aluminium...
According to Shanghai Metals Market, stocks of aluminium billet across five major consumption areas in China climbed by 16,400 tonnes on lower shipments. The inventories stood at 100,700 tonnes as of Thursday, 28 January 2021. Aluminium billet shipments reduced to 36,100 tonnes this week on lower...
Hindalco Industries Limited has cut its aluminium products price for the third time in a row. With effect from Tuesday, 19 January 2021, wire rods price stands at INR 179,100 per tonne, down by INR 1,250 per tonne from INR 180,350 per tonne on January 16. The company is selling its aluminium...
Vedanta Limited has further reduced its aluminium ingot and products prices for the second time in a row with effect from Tuesday, January 19. The company is currently selling its aluminium ingot at INR 167,750-180,750 per tonne, down by INR 2,250 per tonne or 1.32 per cent from INR 170,000-183,000...
