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 extends aluminium ingot price cut this week in response to continuous downfall in LME aluminium price
The new aluminium price list of Vedanta shows that the company has reduced its aluminium ingot and aluminium product prices further for the second consecutive day, with effect from Thursday, September 24. With the latest cut, Vedanta’s aluminium ingot price is now ranging between INR 144,250 per...
Hindalco decreases its aluminium products price by INR 1,500/t
Hindalco Industries Limited has continued to reduces its aluminium products price for the second time in a row. With effect from Thursday, 24 September 2020, , the company’s wire rods price stands at INR 156,600 per tonne, marking a drop of INR 1,500 per tonne from INR 158,100 per tonne on...
A00 aluminium ingot price falls at the highest rate since August on lower consumption and increase in production capacity
According to the Shanghai Metals Market, A00 aluminium ingot price has recorded a sharp downfall of RMB 290 per tonne, the highest since August, to stand at RMB 14,270 per tonne on Thursday, September 24. The average prices are expected to range between RMB 14,250 per tonne and RMB 14,290 per...
A00 aluminium ingot price slides by RMB 190/t; Aluminium alloy (A356) price stands at RMB15150/t
Aluminium ingot prices registered a drop across all major markets in China on Wednesday, 23 September 2020. SMM aluminium ingot price recorded a decline of RMB190 per tonne from yesterday. The price now stood at RMB14560 per tonne. The average price is likely to range at RMB14540-14580 per tonne....
A00 aluminium ingot price declines by RMB40/t after two consecutive days of rise: SMM
According to the Shanghai Metals Market, A00 aluminium ingot price has declined by RMB 40 per tonne on Tuesday, September 22, to stand at RMB 14,750 per tonne, following two consecutive days of rise from RMB 14,590 per tonne to RMB 14,790 per tonne. The average prices are expected to range between...
Hindalco reduces its aluminium products price by INR 1,250/t
Hindalco Industries Limited’s aluminium products price has declined after remaining restraint for a month. With effect from Saturday, 19 September 2020, the company’s wire rods price stands at INR 158,100 per tonne, registering a drop of INR 1,250 per tonne from INR 159,350 per tonne on August 22....
Alumina price in China stands marginally higher at RMB 2334/t; Aluminium price climbs by RMB 10/t
As updated by Shanghai Metals Market, average spot alumina price in China has increased by RMB 6 per tonne on Monday, 21 September 2020 to stand at RMB 2334 per tonne, after remaining flat at 2333 per tonne since September 10. Alumina price in Shandong has risen by RMB 5 per tonne to stand at RMB...
Hydro's Hycast to supply casthouse technology to Spanish aluminium company Alu Iberica
Hycast AS, a fully owned subsidiary of Hydro, has entered into an agreement with Alu Iberica to provide casthouse technology for two aluminium plants in northern Spain. The contract worth €9.7 million includes design and supply of equipment for casting extrusion ingots based on recycled aluminium....
Vedanta’s aluminium ingot price declines to INR 146,500-159,500/t with effect from September 18
Vedanta has reduced its aluminium ingot price today after hiking the price of the same products by INR 2,000 per tonne on Wednesday. With effect from Friday, 18 September 2020, the prices of some aluminium ingots are in the range of INR 146,500-159,500 per tonne, marking a decline of INR 1,250 per...
W-o-W decline in primary aluminium inventories results in sharp growth of A00 aluminium ingot price
The week-on-week decline in primary aluminium ingots inventories by 24,000 tonnes on Thursday, September 17, has led to a sharp growth in A00 aluminium ingot price on Friday, September 18, found the Shanghai Metals Market. Following a downfall from RMB 14,680 per tonne to RMB 14,590 per tonne on...
China’s primary aluminium inventories decline by 24,000 tonnes W-o-W after two consecutive weeks of rise
According to the Shanghai Metals Market, social inventories of primary aluminium ingots in China have shrunk by 24,000 tonnes this week ending on Thursday, September 17. The inventories have dwindled across eight major consumption areas in China, including SHFE warrants, to stand at 740,000 tonnes,...
Aluminium ingot price edges lower to RMB 14590/t; Aluminium alloy (ADC12) price inches up by RMB 100/t
SMM aluminium ingot price registered a decline after two days of hike. The price edged lower by RMB 90 per tonne to stand at RMB 14590 per tonne on Thursday, 17 September 2020, from Wednesday’s price of RMB 14680 per tonne. The price is expected to range at RMB 14570-14610 per tonne. In Foshan and...
Vedanta hikes its aluminium ingot price by INR 2,000/t with effect from September 16
Vedanta has hiked its aluminium ingot price today after cutting the price of the same products last week. With effect from Wednesday, 16 September 2020, the prices of some aluminium ingots are in the range of INR 147,750-160,750 per tonne. That is up INR 2,000 per tonne from INR 145,750-158,750 per...
Aluminium ingot price hikes by RMB 30/t; Aluminium alloy (ADC12) price stands at RMB 14400/t
SMM aluminium ingot price registered a hike of RMB 30 per tonne to stand at RMB 14610 per tonne on Tuesday, 15 September 2020. The price is expected to range at RMB 14590-14630 per tonne. In Foshan and Wuxi, the price rose by RMB 60 per tonne and RMB 40 per tonne to stand at RMB 14740 per tonne and...
Aluminium alloys(ADC12) price grows second day in a row by RMB100/t despite a drop of RMB30/t in A00 aluminium ingot price
On Monday, September 14, aluminium alloys (ADC12) price has extended its growth by RMB 100 per tonne from RMB 14,200 per tonne to RMB 14,300 per tonne, despite the plummet in A00 aluminium ingot price, according to the Shanghai Metals Market. The average aluminium alloys (ADC12) prices are expected...
NALCO’s aluminium ingots price stands at INR 147,850 – 151,350/t with effect from September 11
National Aluminium Company Limited (NALCO) has decreased its aluminium products price after hiking it for the fourth time in a row. With effect from Friday, 11 September 2020, NALCO's aluminium ingots price stood at INR 147,850 – 151,350 per tonne, registering a decline of INR 2,200 or 1.47 per...
Vedanta reduces its aluminium ingot price by INR 1,250/t with effect from September 11
Vedanta has declined its aluminium products price after twenty days of restraint. With effect from Friday, 11 September 2020, the prices of some aluminium ingots are in the range of INR 145,750-158,750 per tonne, marking a drop of INR 1,250 per tonne from INR 147,000-160,000 per tonne on Saturday...
A00 aluminium ingot price inches up RMB 30/t; Aluminium alloy (ADC12) price stands at RMB 14200/t
A00 aluminium ingot price climbed by RMB 30 per tonne to stand at RMB 14610 per tonne on Friday, 11 September 2020, after remaining flat at RMB 14580 per tonne for a day . The price is expected to range at RMB 14590-14630 per tonne. In Foshan and Wuxi, the price rose by RMB 10 per tonne and RMB 25...
