Aluminium prices drift higher as September peak season operations recover amid low inventory
Futures: The most-traded SHFE aluminium contract opened at RMB 24,400 per tonne in the night session on September 7, reached a high of RMB 24,470 per tonne and a low of RMB 24,335 per tonne, and closed at RMB 24,450 per tonne, up 30 from the previous close, a gain of 0.12 per cent. Prices traded...
Macro disturbances cap upside room, while destocking continues to support aluminium price stabilisation
Futures: The most-traded SHFE aluminium contract opened at RMB 24,240 per tonne in the night session on September 4, with a high of RMB 24,355 per tonne, a low of RMB 24,220 per tonne, and a close of RMB 24,320 per tonne, up 0.12 per cent from the previous close. Futures stabilised and rebounded,...
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A00 aluminium ingot price in Chongqing hikes by RMB20/t to RMB14890/t; Input costs remain restrained
A00 aluminium ingot price has remained restrained at RMB 14,940 per tonne, as of Monday, October 26, following a drop from RMB 14,950 per tonne on Friday, October 23, according to the Shanghai Metals Market. The average prices are expected to range between RMB 14,920 per tonne and RMB 14,960 per...
Hindalco hikes its aluminium products price by INR 1,750/t
Hindalco Industries Limited has raised its aluminium products price after declining it for the second time in a row. With effect from Thursday, 22 October 2020, the company’s wire rods price stands at INR 167,100 per tonne, up by INR 1,750 per tonne, from INR 165,350 tonne on October 21. Aluminium...
ALVANCE British Aluminium joins ASI as new Production & Transformation member
ALVANCE British Aluminium has joined Aluminium Stewardship Initiative (ASI) as a new Production & Transformation member. This brings the total number of ASI Members working toward a responsible aluminium value chain to 139. ALVANCE British Aluminium has a smelting facility in the UK. It is powered...
Qatar Aluminium Manufacturing Company reports net profit of QR12.3 million in nine months
Qatar Aluminium Manufacturing Company (Qamco), a 50% joint venture (JV) partner in a smelter that produces premium quality aluminium products, has posted net profit of QR12.3 million for the nine months period ended 30 September 2020. The company’s share of revenue stood at QR 1.6 billion, down by...
Vedanta’s aluminium ingot price stands at INR 153,750-166,750/t with effect from October 22
Vedanta has increased its aluminium products price after declining it for the second time in a row. With effect from Thursday, 22 October 2020, the prices of some aluminium ingots are in the range of INR 153,750-166,750 per tonne, marking a growth of INR 1,500 per tonne from INR 152,250-165,250 per...
Hindalco drops its aluminium products price by INR 2,000/t with effect from October 21
Hindalco Industries Limited has reduced its aluminium products price for the second time in a row. With effect from Wednesday, 21 October 2020, the company’s wire rods price stands at INR 165,350 per tonne, down by INR 2,000 per tonne, from INR 167,350 per tonne on October 20. Aluminium billets...
Vedanta reduces its aluminium ingot price by INR 2,000/t with effect from October 21
Vedanta has reduced its aluminium products price for the second time in a row. With effect from Wednesday, 21 October 2020, the prices of some aluminium ingots are in the range of INR 152,250-165,250 per tonne, a decline of INR 2,000 per tonne or 1.3% from INR 154,250-167,250 per tonne on October...
A00 aluminium ingot price slips RMB 70/t; Aluminium Alloy (A356) price stands lower at RMB15500/t
A00 aluminium ingot price has edged lower by RMB 70 per tonne to stand at RMB 14890 per tonne on Wednesday, 21 October 2020, from its previous price of RMB 14960 per tonne on October 20. This marks the second consecutive drop in aluminium price. The price is expected to range at RMB 14870-14910 per...
Yunnan Yongshun Aluminium Co., Ltd. joins Aluminium Stewardship Initiative as new Production & Transformation member
Yunnan Yongshun Aluminium Co., Ltd. has joined Aluminium Stewardship Initiative (ASI) as a new Production & Transformation member. This brings the total number of ASI Members to 137. Yunnan Yongshun Aluminium Co., Ltd. is a company jointly funded by Yongxin Aluminium Co., Ltd. of Yunnan Aluminium...
Hindalco reduces its aluminium ingot price by INR1250/t to INR156250/t with effect from October 20
Hindalco Industries Limited has reduced its aluminium ingot and aluminium product prices by INR 1,250 per tonne with effect from Tuesday, October 20, following a sharp hike of INR 3,500 per tonne on Saturday, October 17. With the latest cut, Hindalco’s aluminium ingot price has come in at INR...
Vedanta cuts aluminium ingot price by nearly 1% with effect from October 20 after a sharp hike last day
Vedanta Limited has again reduced its aluminium ingot and aluminium product prices with effect from Tuesday, October 20, following a hike of INR 3,500 per tonne on October 17. With the latest cut, the price of Vedanta’s aluminium ingot has come in at INR 154,250-167,250 per tonne, down by INR 1,250...
Albras joins Aluminium Stewardship Initiative as new Production & Transformation member
Albras, the largest producer of primary aluminium in Brazil, has joined Aluminium Stewardship Initiative as a new Production & Transformation member. This brings the total number of ASI Members working toward a responsible aluminium value chain to 136. Albras produces liquid metal, P1020 aluminium...
Decline in alumina spot price by RMB14/t in China after five days of restraint leads to A00 aluminium ingot downfall
The average alumina spot price in China has declined by RMB 14 per tonne to stand at RMB 2,306 per tonne on Tuesday, October 20, following a restraint at RMB 2,320 per tonne from October 14 to 19, according to the Shanghai Metals Market. In Shandong, the price has decreased by RMB 35 per tonne to...
Aluminium ingot price climbs by RMB 110/t; Aluminium alloy (ADC12) price stands at RMB 15300/t
SMM aluminium ingot price recorded an increase after two days of drop. The price climbed by RMB 110 per tonne to stand at RMB 15060 per tonne on Monday, 19 October 2020, from Friday price of RMB 14950 per tonne. The price is expected to range at RMB 15040-15080 per tonne. In Foshan and Wuxi, the...
Hindalco hikes its aluminium prices by INR3500/t w.e.f October 17 after a cut on the previous day
Hindalco Industries Limited has increased its aluminium ingot and aluminium product prices with effect from Saturday, October 17, following a cut on October 16. The price of Hindalco’s aluminium ingot has been raised by INR 3,500 per tonne on October 17 after being reduced by INR 1,500 per tonne on...
NALCO raises its aluminium products price by INR 3,400/t
National Aluminium Company Limited (NALCO) has increased its aluminium products price for the second time in a row. With effect from Saturday, 17 October 2020, NALCO's aluminium ingots price came in at INR 157,550 – 161,050 per tonne, an increase of INR 3,400 per tonne from INR 154,150 – 157,650...
Vedanta hikes its aluminium ingot price by INR 3,500/t with effect from October 17
Vedanta has raised its aluminium products price today after reducing it yesterday. With effect from October, 17 October 2020, the prices of some aluminium ingots are in the range of INR 155,500-168,500 per tonne. The price recorded a hike of INR 3,500 per tonne or 2.3% from INR 152,000-165,000 per...
Weekly update: Aluminium ingot price in China ended lower; Alumina prices remained flat over the week
SMM aluminium ingot price started the week with an increase of RMB 90 per tonne and RMB 30 per tonne on Monday and Tuesday, ending the price at RMB 14940 per tonne and RMB 14970 per tonne on October 12 and October 13. The price registered a drop on Thursday and Friday. Aluminium ingot price ended...
