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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Primary aluminium inventories in China gain 12,000 tonnes this week to stand at 737,000 tonnes
According to the Shanghai Metals Market, the social inventories of primary aluminium ingots in China have continued to increase this week ending on Thursday, August 13. Data shows the inventories have built up 12,000 tonnes across eight major Chinese consumption areas, including SHFE warrants, to...
Hindalco raises its aluminium products price by INR 1,500/t with effect from August 12
Hindalco Industries Ltd has increased its aluminium products price after cutting the price of the same product on August 11. With effect from Wednesday August 12, the company’s wire rods price stands at INR 161,600 per tonne, an increase of 0.94% or INR 1,500 per tonne from INR 160,100 per tonne....
Alumina spot price in China declines by RMB25/t after a week-long restraint, A00 aluminium ingot price surges by RMB170/t
The average alumina spot price in China has recorded a decline of RMB 25 per tonne to stand at RMB 2,314 per tonne, following restraints at RMB 2,339 per tonne during August 6-12, found Shanghai Metals Market on August 13. In the north, the price has decreased by RMB 30 per tonne to RMB 2,300 per...
A00 aluminium ingot price slips to RMB 14450/t; Aluminium alloy stands at RMB 15050/t
A00 aluminium ingot price declined by RMB 20 per tonne from Tuesday’s price of RMB 14470 per tonne. The price now stood at RMB 14450 per tonne on Wednesday, 12 August and is expected to move within a range of RMB 14430-14470 per tonne. This marks the third consecutive rise in aluminium ingot price....
Hindalco again cuts its aluminium prices w.e.f August 11 after an intermittent hike; Ingot price now stands at INR14900/t
Hindalco Industries Limited has reduced its aluminium ingot and aluminium product prices with effect from Tuesday, August 11, following a hike on August 8. The company is now selling its aluminium ingot at INR 14,900 per tonne, down by INR 1,250 per tonne or 1 per cent from INR 150,250 per tonne on...
Vedanta reduces its aluminium ingot price by INR 1,250/t with effect from August 11
Vedanta has reduced its aluminium products price after raising the price of same products on 8th August. With effect from Tuesday, 11 August 2020, the prices of some aluminium ingots are in the range of INR 147,750-160,750 per tonne, marking a decline of INR 1,250 per tonne or 0.84% from INR...
Hindalco hikes its aluminium products price by INR 2,000/t with effect from August 8
Hindalco Industries Ltd raised its aluminium products price after reducing the price of the same product on Friday August 7. With effect from Saturday August 8, the company’s wire rods price came in at INR 161,350 per tonne, an increase of 1.26% or INR 2,000 per tonne from INR 159,350 per tonne....
A00 aluminium ingot price inches down by RMB 140/t; Aluminium alloy (A356) price stands at RMB15200/t
A00 aluminium ingot price registered a drop after an increase of RMB 70 per tonne. The price reduced by RMB 140 per tonne to stand at RMB 14580 per tonne on Monday, 10 August 2020 and is expected to move within a range of RMB 14560-14600 per tonne. In Foshan and Wuxi, the price declined by RMB 150...
Vedanta hikes its aluminium ingot price by INR 2,000/t with effect from August 8
Vedanta has raised its aluminium products price after cutting it on 7th August. With effect from Saturday, 08 August 2020, the prices of some aluminium ingots are in the range of INR 149,000-162,000 per tonne, an increase of INR 2,000 per tonne from INR 147,000-160,000 per tonne on August 7. With...
NALCO continues to increase its aluminium prices by 2% in response to growing LME benchmark prices
National Aluminium Company Limited has continued to increase its aluminium ingots and products prices for the third time in a row, with effect from Friday, August 7, 2020. Nalco’s aluminium ingots price is now standing at INR 148,750-152,250 per tonne, up by INR 3050-3100 per tonne or 2.09 per cent...
Hindalco reduces its aluminium products price; Ingot price now stands at INR 148,250 per tonne
Hindalco Industries Ltd reduced its aluminium products price after raising it for the fourth time in a row. With effect from Friday August 7, Hindalco aluminium ingots price now stands at INR 148,250 per tonne, a decrease of 1% or INR 1,500 per tonne from INR 149,750 per tonne on August 6. The...
Hindalco’s aluminium ingot price now stands at INR 149,750 per tonne
Hindalco Industries Ltd has raised its aluminium products price for the fourth time in a row. With effect from Thursday August 6, Hindalco aluminium ingots price now stands at INR 149,750 per tonne, an increase of 1.35% or INR 2,000 per tonne from INR 147,750 per tonne on August 5. The company is...
Vedanta raises its aluminium ingot price by INR 2,000/t to INR 148,500-161,500/t
Vedanta has raised its aluminium products price for the fourth time in a row. With effect from Thursday, 06 August 2020, the prices of some aluminium ingots are in the range of INR 148,500-161,500 per tonne, an increase of INR 2,000 per tonne from INR 146,500-159,500 per tonne on August 5. With the...
Primary aluminium inventories in China record a further W-o-W rise of 13,000 tonnes
According to Shanghai Metals Market, the social inventories of primary aluminium have extended their hike across eight major consumption areas in China, including SHFE warrants, on Thursday, August 6. The inventories have increased by 13,000 tonnes this week to come in at 725,000 tonnes versus the...
A00 aluminium ingot price in China falls sharply by RMB270/t; Alumina spot price dwindles to RMB2339/t
The A00 aluminium ingot price has recorded a steep fall of RMB 270 per tonne today, August 6, to RMB 14,650 per tonne, found the Shanghai Metals Market data. The average prices are expected to range between RMB 14,630 per tonne and RMB 14,670 per tonne, with spot contract to be traded at a premium...
Vedanta’s aluminium ingot price now stands at INR 146,500-159,500/t
Vedanta hikes its aluminium products price for the third time in a row. With effect from Wednesday, 05 August 2020, the prices of some aluminium ingots are in the range of INR 146,500-159,500 per tonne, an increase of 1.74% or INR 2,500 per tonne from INR 144,000-157,000 per tonne on July 30. With...
Hindalco expands its aluminium prices by more than 1.5% in response to the growing LME price
Hindalco Industries Limited has extended its aluminium ingot and aluminium product price hike for the third time in a row with effect from Wednesday, August 5. According to the price listed by Hindalco, the aluminium ingot price is now standing at INR 147,750 per tonne, up by INR 2,500 per tonne or...
Average alumina spot price in China declines to RMB2355/t, while A00 aluminium ingot price touches RMB15000/t level
Following restraints in the past two days at RMB 2,387 per tonne, the average alumina spot price has declined today, on August 4, by RMB 32 per tonne to RMB 2,355 per tonne, found the Shanghai Metals Market. In the central, the alumina price has decreased by RMB 35 per tonne to RMB 2,355 per tonne...
