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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Hindalco Industries Limited has reduced its aluminium products price for the second time in a row. With effect from Saturday, 16 January 2021, wire rods price stands at INR 180,350 per tonne, marking a drop of INR 1,500 per tonne from INR 181,850 per tonne on January 12. The company is selling its...
Vedanta Limited again decreased its aluminium ingot and aluminium product prices on January 14 after increasing them on the previous day. With effect from Thursday, January 14, Vedanta slashed its aluminium ingot price by INR 1,750 per tonne or 1.02 per cent from INR 171,750-184,750 per tonne to...
Shanghai Metals Market data showed aluminium billet inventories in China decreased by 3,000 tonnes this week, ending on Thursday, January 14. According to SMM data, aluminium billet stocks fell across five major Chinese consumption areas to stand at 82,700 tonnes, following a surge of 14,900 tonnes...
Vedanta Limited has raised its aluminium ingot and aluminium products prices with effect from Wednesday, January 13, just a day after reducing the prices by INR 1,500 per tonne. Vedanta is currently selling its aluminium ingot at INR 171,750-184,750 per tonnes, up by INR 1,250 per tonne or 0.73 per...
Hindalco Industries Limited has cut its aluminium products price following a hike of INR 2,250 per tonne on Saturday. With effect from Tuesday, 12 January 2021, wire rods price stands at INR 181,850 per tonne, a decline of 0.82% from INR 183,350 tonne on January 09. The company is selling its...
Vedanta has reduced its aluminium products price after hiking it on January 9. With effect from Tuesday, 12 January 2021, the prices of some aluminium ingots are in the range of INR 170,500-183,500 per tonne, marking a decline of INR 1,500 per tonne from INR 172,000-185,000 per tonne on January 09....
Hindalco Industries Limited has raised its aluminium products price by INR 2,250 per tonne on Saturday. With effect from 09 January 2021, wire rods price stands at INR 183,350 per tonne, an increase of 1.24% from INR 181,100 tonne on January 8. Aluminium billets price has hiked to stand at INR...
Hindalco Industries Limited has sharply reduced its aluminium ingot and aluminium products prices with effect from Friday, January 8, after hiking them in the past two consecutive days. With the latest cut, Hindalco’s aluminium ingot price has come in at INR 170,000 per tonne, a decrease of INR...
Vedanta Limited has decreased its aluminium ingot and aluminium products prices with effect from Friday, January 8, following the three consecutive days of hike. The company’s aluminium ingot price is now hovering at INR 169,750-182,750 per tonne, down by INR 4,500 per tonne from INR...
Vedanta has risen its aluminium products price for the third time in a row. With effect from Thursday, 07 January 2021, the prices of some aluminium ingots are in the range of INR 174,250-187,250 per tonne, representing a growth of INR 3,000 per tonne from INR 171,250-184,250 per tonne on January...
According to the Shanghai Metals Market, 6063 aluminium billet inventories have gained 14,900 tonnes across China's five consumption areas on Thursday, January 7. Data shows the stocks have come in at 85,700 tonnes from 70,900 tonnes on November 31. Last Thursday, the inventories dropped by 1,500...
Vedanta has increased its aluminium products price for the second time in a row. With effect from Wednesday, 06 January 2021, the prices of some aluminium ingots are in the range of INR 171,250-184,250 per tonne. This marks an increase of INR 1,250 per tonne from INR 170,000-183,000 per tonne on...
Vedanta has hiked its aluminium products price after declining it for the third time in a row. With effect from Tuesday, 05 January 2021, the prices of some aluminium ingots are in the range of INR 170,000-183,000 per tonne, a jump of INR 6,250 per tonne from INR 163,750-176,750 per tonne on...
Vedanta has reduced its aluminium products price for the third time in a row. With effect from Friday, 01 January 2021, the prices of some aluminium ingots are in the range of INR 163,750-176,750 per tonne. This is up by INR 2,500 per tonne from INR 166,250-179,250 per tonne on December 30. The...
According to Shanghai Metals Market, stocks of 6063 aluminium billet across five major consumption areas in China declined by 1,500 tonnes on lower arrivals at warehouses. The inventories came in at 70,900 tonnes as of Thursday, 31 December 2020. The chart below indicates the current status of...
Matalco has started production at its aluminium plant in Wisconsin Rapids. The facility, which began operations on November 19, has already shipped over 3 million pounds of products, reported Wisconsin Rapids Tribune. Matalco announced in January 2019 that it would invest US$80 million to construct...
Hindalco Industries Limited has cut its aluminium products price after raising it on December 25. With effect from Wednesday, 30 December 2020, the company’s wire rods price stands at INR 179,850 per tonne, representing a drop of INR 2,250 per tonne, from INR 182,100 tonne on December 25. Aluminium...
Vedanta Limited has extended the price cut of its aluminium products and aluminium ingot with effect from Wednesday, December 30. Marking the second consecutive decline, Vedanta’s aluminium wire rod price has come in at RMB 173,750-181,250 per tonne on December 30, down by INR 1500 per tonne from...
