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 reduces its aluminium ingot price by INR2000/t with effect from June 25
Vedanta has cut its aluminium products price on Thursday after raising it by more than 1% on June 18. With effect from Thursday 25 June 2020, the prices of some aluminium ingots are in the range of INR 135,750-148,750 per tonne, marking a decline of INR 2000 per tonne or 1.45% from INR...
Hindalco cuts its aluminium ingot price by INR2000/t with effect from June 25 after a hike last week
Hindalco Industries Limited has again reduced its aluminium prices in line with the market demand and supply, following a hike last week. The company has cut its aluminium ingot price by INR 2000 per tonne or 1.43 per cent, with effect from June 25, to bring down the price at INR 137,500 per tonne...
Primary aluminium inventories continue to trend down over brisk trading ahead of the Dragon Boat Festival holiday
Primary aluminium inventories have extended the downfall by 32,000 tonnes over the week ending on Wednesday, June 24, according to Shanghai Metals Market. Data shows the inventories after declining across eight major Chinese consumption areas, including SHFE warrants, have come in at 722,000 tonnes...
Iran's aluminium production jumps 58% YoY in the first two months
Iran's production of aluminium ingots stood at 65,170 tonnes during the first two months of the current Iranian year (March 20-May 20), an increase of 58% compared with the same period last year, according to the Iranian Mines and Mining Industries Development and Renovation Organization (IMIDRO)....
NALCO increases its aluminium prices by nearly 1% w.e.f June 20 in line with market demand and consumption
National Aluminium Company Limited (NALCO) has again increased its aluminium prices with effect from Saturday, June 20, following a cut on Wednesday, June 17. According to the prices revealed by the company, aluminium ingots prices are now ranging between INR 140050 per tonne and INR 143,550 per...
A00 aluminium ingot price in China again crosses RMB14,000/t benchmark amid muted input costs
On a further downfall of the social inventories of primary aluminium ingots in China on a brisk consumption on Monday, June 22, the price of A00 aluminium ingot has recorded a hike of RMB 70 per tonne to RMB 14,030 per tonne, found Shanghai Metals Market. This marks the second consecutive growth of...
A00 aluminium ingot price climbs RMB50/t; Aluminium alloy (A356) price stands at RMB14600/t
A00 aluminium ingot price registered an increase of RMB 50 per tonne from Friday’s price of RMB 13910 per tonne. The price now stood at RMB 13960 per tonne on Monday, 22 June 2020 and is expected to move within a range of RMB 13940-13980 per tonne. In Foshan and Wuxi, the price rose by RMB 40 per...
Oman’s Aluminium ingot export remains vacillating during 2017-20
Oman is a free market economy, but the government is at present the most important factor in the economy, both as an employer and as a purchaser of goods and services. The Omani economy has been growing steadily over the last 25 years and considerable development has taken place. Sohar Aluminium is...
NALCO cuts aluminium ingots and products prices by INR2,600/t with effect from June 17
Following the two consecutive hikes, National Aluminium Company Limited (NALCO) has decreased its aluminium ingots and aluminium products prices by INR 2,600 per tonne or 1.8 per cent with effect from Wednesday, June 17. NALCO’s aluminium ingots price is thus, now hovering at INR 139050-142550 per...
A00 aluminium ingot price declines for the second consecutive day to RMB13,910/t; Price of aluminium powder dips 0.57%
According to Shanghai Metals Market, the A00 aluminium ingot price has recorded a decline for the second consecutive day of RMB 60 per tonne to stand at RMB 13,910 per tonne, as of Friday, June 19. The average prices are expected to range between RMB 13,890 per tonne and RMB 13,930 per tonne, with...
Chinese secondary aluminium operating rates inch up 1.6 percentage points in May 2020
According to Shanghai Metals Market, operating rates across China’s secondary aluminium industry increased 1.6 percentage points month-on-month to stand at 48.69 per cent in May. In April, China’s secondary aluminium industry’s operating rates were 47.08 per cent, lowering 0.22 percentage point...
Vedanta hikes its aluminium prices by INR 2,000 per tonne following two back-to-back cuts
According to the recent report, Vedanta has increased its aluminium ingots prices by INR 2000 per tonne or 1.47 per cent with effect from Thursday, June 18. The prices are thus, now ranging between INR 137,750 per tonne and INR 150,750 per tonne, as compared to INR 135,750-148,750 per tonne on...
Hindalco increases its aluminium prices by 1% with effect from June 18 after two consecutive declines last week
Hindalco Industries Limited has increased its aluminium products prices with effect from Thursday, June 18, after two consecutive declines last week. With the latest hike, the company’s aluminium ingot price is now standing at INR 139,500 per tonne, an increase of INR 2,250 per tonne or 1.63 per...
A00 aluminium ingot price grows for the third consecutive day to cross RMB14000/t; Input costs remain muted
The A00 aluminium ingot price in China has recorded a hike for the third straight day on Wednesday, June 17, found Shanghai Metals Market. Following the growth of RMB 150 per tonne on June 16, the A00 aluminium ingot price today has climbed by RMB 110 per tonne to stand at RMB 14,080 per tonne....
Argentina’s aluminium ingot export exhibits $ Billion market during 2019-20
The economy of Argentina is an upper-middle-income economy for the fiscal year 2019 according to the World Bank. It is the second-largest in South America behind Brazil. Argentina benefits from rich natural resources, a highly literate population, an export-oriented agricultural sector, and a...
Australian alumina FOB price climbs 1.18%; A00 aluminium ingot price inches up by RMB 150/t
The average spot alumina price in China has increased by RMB 12 per tonne or 0.53 per cent on Tuesday, 16 June 2020, after two days of restraint. Alumina price stands at RMB 2259 per tonne. Alumina prices have increased in in Central and North China markets. The prices of alumina in Central and...
Vedanta cuts aluminium ingot price for the second time in a row
Vedanta has cut its aluminium products price for the second time in a row. With effect from Saturday 13 June 2020, the prices of some aluminium ingots are in the range of INR 135,750-148,750 per tonne, registering a decline of INR 1500 per tonne or 1.09% from INR 137,250-150,250 per tonne on June...
Hindalco reduces aluminium ingot price by INR 1,500/t with effect from June 13
Hindalco Industries Ltd has cut its aluminium products price, marking the second consecutive fall. With effect from June 13, Hindalco aluminium ingots price now stands at INR 137,250 per tonne, a drop of 1.08% or INR 1,500 per tonne from INR 138,750 per tonne on June 12. The company is now selling...
