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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According to Shanghai Metals Market, stocks of 6063 aluminium billet across five major consumption areas in China declined by 600 tonnes from a week ago to 72,400 tonnes as of Thursday, 24 December 2020. The chart below indicates the current status of aluminium billet inventories across China in...
Hindalco Industries Limited has reduced its aluminium products price after raising it for the third time in a row. With effect from Thursday, 24 December 2020, , the company’s wire rods price stands at INR 180,850 per tonne, down by INR 2,500 per tonne, from INR 183,350 tonne on December 11....
Vedanta Limited has reduced the prices of its aluminium ingot and aluminium products with effect from Tuesday, December 22, after two consecutive hikes on December 10 and December 11. With the latest cut, Vedanta’s aluminium ingot price has come in at INR 167,750-180,750 per tonne, down by INR...
According to Shanghai Metals Market, stocks of 6063 aluminium billet across five major consumption areas in China rose this week due to increased arrivals. The inventories rose by 2,700 tonnes from a week ago to 73,000 tonnes as of Thursday, 17 December 2020. The chart below indicates the current...
Bosnian and Herzegovinian aluminium producer Aluminij signed a five-year contract with Glencore, the British-Swiss company for the supply of aluminium billets. The synergy between Aluminij and Glencore is consequential for both companies, as their alliance goes back long before last year's...
Vedanta has hiked its aluminium products price after cutting it for the second time in a row. With effect from Thursday, December 10 2020, the prices of some aluminium ingots are in the range of INR 167,500-180,500 per tonne. This marks an increase of INR 1,500 per tonne from INR 166,000-179,000...
National Aluminium Company Limited (NALCO) has reduced the prices of its aluminium product and aluminium ingot with effect from Thursday, December 10, following a hike last week on December 1. NALCO has cut its aluminium wire rod price by INR 2,600 per tonne or 1.47 per cent from INR...
Shanghai Metals Market data shows the stocks of 6063 aluminium billets have plunged by 2,400 tonnes this week, ending on Thursday, December 10. The inventories have shrunk across China's five major consumption areas to stand at 70,300 tonnes. Last week, December 3, 6063 aluminium billets...
According to Shanghai Metals Market, stocks of 6063 aluminium billet across five major consumption areas in China increased this week on higher arrivals at warehouses. The inventories rose by 3,700 tonnes from a week ago to 72,700 tonnes as of Thursday, 03 December 2020. The chart below indicates...
Lower arrivals of stocks at warehouses, coupled with robust demand, have further fuelled the downfall of 6063 aluminium billet stocks in China this week, ending on Thursday, November 26. China’s aluminium billet inventories today have shrunk by 6,400 tonnes across the five major consumption areas...
Hindalco Industries Limited has reduced the prices of its aluminium products and aluminium ingot with effect from Wednesday, November 25, in line with the downtrend in global aluminium benchmark price on the London Metal Exchange after November 19. Hindalco has cut its aluminium wire rod price by...
Vedanta has reduced the prices of its aluminium ingot and aluminium products with effect from Wednesday, November 25, after increasing them for six times in a row till a week ago. The company has cut its aluminium prices in tandem with the downtrend of global aluminium benchmark price on the London...
According to Shanghai Metals Market, stocks of 6063 aluminium billet across five major consumption areas in China declined this week due to lower arrivals at warehouses. The inventories dropped by 12,500 tonnes from a week ago to 75,400 tonnes as of Thursday November 19. The chart below indicates...
Hindalco Industries Limited is incessantly expanding the prices of its aluminium ingots and aluminium products since October 31 as the global aluminium benchmark price on the London Metal Exchange has surged significantly over more than a week. Like any other Indian aluminium producers, Hindalco...
National Aluminium Company Limited (NALCO) has increased its aluminium products price for the seventh time in a row. With effect from Thursday, 19 November 2020, the company’s aluminium ingots price came in at INR 170,050 – 173,550 per tonne, a growth of INR 3,000 per tonne from INR 167,050 –...
Vedanta has hiked its aluminium products price for the fourth time in a row. With effect from Saturday, 14 November 2020, the prices of some aluminium ingots are in the range of INR 162,500-175,500 per tonne, up by INR 1,500 per tonne from INR 161,000-174,000 per tonne on November 13. The company’s...
ALRO, one of the largest vertically integrated aluminium producers in Europe, measured by production capacity, published its consolidated financial results for the nine months ended 30 September 2020. The Group's sales were RON 1,942 million in nine months, down 10% due to market conditions and to...
National Aluminium Company Limited (NALCO) has further increased the prices of its aluminium ingot and aluminium product, although lesser than the previous week, with effect from Friday, November 13. Compared with the hike of INR 4,500 per tonne on November 4, NALCO has raised its aluminium ingot...
