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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Vedanta’s aluminium prices reduced by INR1500/t after five hikes in a row this month
Vedanta Limited has cut its aluminium ingot and aluminium product prices with effect from October 16 after five consecutive hikes since October 6. The price of aluminium ingot has been reduced by INR 1,500 per tonne or 1 per cent from INR 153,500-166,500 per tonne to INR 152,000 -165,000 per tonne....
Hindalco reduces its aluminium products price by INR 1,500/t with effect from October 16
Hindalco Industries Limited has reduced its aluminium products price after raising it for the sixth time in a row. With effect from Friday, 16 October 2020, the company’s wire rods price stands at INR 165,100 per tonne, down by INR 1,500 per tonne, from INR 166,600 per tonne on October 14....
A00 aluminium ingot price drops for the second consecutive day by RMB10/t; Input costs remain restrained
A00 aluminium ingot price has extended its drop, albeit lower than October 15, by RMB 10 per tonne to stand at RMB 14,950 per tonne, as of Friday, October 16, found the Shanghai Metals Market. The average prices are expected to range between RMB 14,930 per tonne and RMB 14,970 per tonne, with spot...
NALCO’s aluminium products price rises by INR 6,700/t
National Aluminium Company Limited (NALCO) has increased its aluminium products price after declining the price of the same products on October 6. With effect from Tuesday, 13 October 2020, NALCO's aluminium ingots price came in at INR 154,150 – 157,650 per tonne, an increase of INR 6,700 per tonne...
A00 aluminium ingot price declines by RMB 20/t; Australian alumina FOB price stands USD 10/t higher
A00 aluminium ingot price records a drop of RMB 20 per tonne on Thursday, 15 October 2020 after four consecutive increases. The price stands at RMB14960 per tonne today, from its previous price of RMB 14980 per tonne. The price is expected to move within a range of RMB 14940-14980 per tonne. In...
Hindalco hikes its aluminium products price by INR 1,250/t
Hindalco Industries Limited has raised its aluminium products price for the sixth time in a row. With effect from Wednesday, 14 October 2020, the company’s wire rods price has increased by INR 1,250 per tonne to stand at INR 166,600 per tonne from INR 165,350 per tonne on October 13. Aluminium...
Vedanta’s aluminium ingot price stands at INR 153,500-166,500/t
Vedanta has raised its aluminium products price for the fifth time in a row. With effect from Wednesday, 14 October 2020, the prices of some aluminium ingots are in the range of INR 153,500-166,500 per tonne. That is up by INR 1,500 per tonne from INR 152,000-165,000 per tonne on October 13 2020....
Alumina price in China drops by RMB 14/t; Alumina (Imported) price declines to RMB 2340/t
As updated by Shanghai Metals Market, average spot alumina price in China has decreased by RMB 14 per tonne on Wednesday, 14 October 2020 to stand at RMB 2320 per tonne, after remaining flat at 2334 per tonne since September 21. Alumina prices in Shandong and Henan have declined by RMB 5 per tonne...
Vedanta’s aluminium ingot price again increases by INR1500/t with effect from October 13
Vedanta Limited has continued to increase its aluminium ingot and aluminium product prices pursuant to the incessant surge in global aluminium benchmark price on the London Metals Exchange. With effect from Tuesday, October 13, Vedanta has hiked its aluminium ingot price again by INR 1,500 per...
Hindalco further expands its aluminium prices by INR1750/t in line with global aluminium price hike on LME over the weekend
Hindalco has further increased its aluminium product and aluminium ingot prices with effect from Tuesday, October 13, in line with the incessant surge in global aluminium benchmark price on the London Metal Exchange. This marks the fifth consecutive hike in Hindalco’s aluminium prices. With effect...
Aluminium price stands RMB 30/t higher; Aluminium Alloy (ZLD102) rises to RMB15550/t
SMM aluminium ingot prices recorded a rise of RMB 30 per tonne from Monday. The price rose from RMB14940 per tonne to RMB14970 per tonne. This marked the third consecutive hikes in a row. The average price is likely to range at RMB14950-14990 per tonne. In Foshan and Gongyi, the price rose by RMB...
LME aluminium price hiked for the third consecutive day to $1829.5/t amid rise in opening stock, SHFE slipped by $11/t
Three-month LME aluminium rose 0.49 per cent to end at US$ 1,856 per tonne on Monday, October 12, and is likely to move between US$ 1,830-1,870 per tonne today. Both LME aluminium cash (bid) price and LME official settlement price increased further for the third consecutive day from US$ 1805.50 per...
Hindalco raises its aluminium products price for the fourth time in a row
Hindalco Industries Limited has increased the aluminium products price for the fourth time in a row. With effect from Saturday, 10 October 2020, the company’s wire rods price has registered a hike of INR 1,500 per tonne from INR 162,100 per tonne to stand at INR 163,600 per tonne. Aluminium billets...
A00 aluminium ingot price extends growth by RMB90/t despite surge in inventories; Imported bauxite price dips by $1/t
As of Monday, October 12, A00 aluminium ingot price has recorded a hike of RMB 90 per tonne for the second day in a row to come in at RMB 14,940 per tonne, found the Shanghai Metals Market data. The price has expanded today despite the surge in primary aluminium ingots inventories to 715,000 tonnes...
Vedanta further hikes its aluminium prices by INR 1500/t as LME aluminium price exceeds this year’s maiden level
Vedanta Limited has consecutively increased its aluminium ingot and aluminium product prices, albeit slower than the previous day, with effect from Saturday, October 10. The company is now selling its aluminium ingot price in the range between INR 150,500 - 163,500 per tonne, up by INR 1,500 per...
Vedanta’s aluminium ingot price climbs by INR 3,500/t with effect from October 9
Vedanta has raised its aluminium ingot price for the second time in a row. With effect from Friday, 09 October 2020, the prices of some aluminium ingots are in the range of INR 149,000-162,000 per tonne, marking a growth of INR 3,500 per tonne from INR 145,500-158,500 per tonne on October 6 2020....
China’s primary aluminium ingots inventories build up 60,000 tonnes over a week-long holiday
The Shanghai Metals Market found China’s social inventories of primary aluminium ingots increased significantly during the National Days holidays from October 1 to 8 on concentrated arrivals of cargoes. According to the data, primary aluminium inventories built up 60,000 tonnes over a week-long...
Hindalco hikes aluminium products price by INR 2,250/t
Hindalco Industries Limited has hikes the aluminium products price for the third time in a row. With effect from Friday, 09 October 2020, the company’s wire rods price has risen to stand at INR 162,100 per tonne, an increase of INR 2,250 per tonne from INR 159,850 per tonne on October 7. Aluminium...
