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 grows by RMB20/t on further plunge in inventories, input costs remain muted
The A00 aluminium ingot price has recorded a rise of RMB 20 per tonne to stand at RMB 13,820 per tonne on Monday, June 15, following a decline from RMB 13,860 per tonne to RMB 13,800 per tonne on June 12, found Shanghai Metals Market. The hike in A00 aluminium ingot price today could be attributed...
Vedanta cuts aluminium ingot price by INR 2000/t with effect from June 12
Vedanta has cut its aluminium products price after three hikes in a row. With effect from Friday, 12 June 2020, the prices of some aluminium ingots are in the range of INR 137,250-150,250 per tonne, marking a drop of INR 2000 per tonne or 1.44% from INR 139,250-152,250 per tonne on June 11. With...
Hindalco cuts aluminium ingot price by INR 2,000/t with effect from June 12
Hindalco Industries Ltd has reduced its aluminium products price after four hikes in a row. With effect from June 12, Hindalco aluminium ingots price now stands at INR 138,750 per tonne, a drop of 1.42% or INR 2,000 per tonne from INR 140,750 per tonne on June 11. The company is now selling its...
NALCO’s aluminium ingots price stands at INR 41,650 – 145,150/t with effect from June 11
National Aluminium Company Limited (NALCO) has increased its aluminium products price for second time in a row. With effect from Thursday, 11 June 2020, NALCO's aluminium ingots price stood at INR 141,650 – 145,150 per tonne, registering a hike of INR 4,900 or 3.58 per cent from INR 136,750-140,250...
Hindalco hikes aluminium ingot price for the fourth time in a row
Hindalco Industries Ltd’s aluminium products price continued to trend higher. This marked the fourth consecutive hike in the price of the same products. With effect from June 11, Hindalco aluminium ingots price now stands at INR 140,750 per tonne, marking an increase of 2.55% or INR 3,500 per tonne...
Prebaked anode price in Southwest China down by RMB 150/t; A00 ingot price stands at RMB13800/t
Prebaked anode price in Southwest China market has edged lower by RMB 150 per tonne. As on Friday, 12 June 2020, prebaked anode price has ranged at RMB 2750-3090 per tonne; the average price stand at RMB 2920 per tonne, after remaining flat at RMB 3070 per tonne since May 6. The prebaked anode...
Primary aluminium inventories in China decline below 800,000 tonnes
The primary aluminium ingot inventories in China have continued to trend down today, on June 11, found Shanghai Metals Market. The stocks across eight major consumption areas, including SHFE warrants, have decreased by 60,000 tonnes over the week to stand as low as 787,000 tonnes, following a...
Vedanta expands its aluminium price hike to nearly 3% with effect from June 11
According to a recent report, Vedanta has further increased its aluminium ingot and billet prices with effect from Thursday, June 11, marking the third consecutive growth. While the rate of price hike has increased from the earlier time to 2.77 per cent or INR 3,750 per tonne, the aluminium ingot...
Alumina spot price in China extends growth to RMB2247/t; A00 aluminium ingot price also echoes the uptrend
According to Shanghai Metals Market, the average alumina spot price has extended its growth by RMB 9 per tonne to stand at RMB 2,247 per tonne on Thursday, June 11. In the east and central, the price has increased by RMB 10 per tonne to RMB 2,225 per tonne and RMB 2,250 per tonne, while that in the...
Press Metal’s low-cost structure and scarcity premium for aluminium to underpin its stock price
Press Metal Aluminium Holding Bhd’s low-cost structure, good track record under the present management, and scarcity premium for aluminium are likely to support its share price. The company’s operating cash flows also look healthy as reflected in the financial results of Q1 CY2020 March 31, said...
Alumina price marginally higher at RMB2238/t; Al Fluoride price drops by RMB200/t
The average spot alumina price in China has inched up by RMB 2 per tonne on Wednesday, 10 June 2020. Alumina price stands at RMB 2238 per tonne, after remaining flat at RMB 2236 per tonne since June 3. Alumina prices remain unchanged across all major markets in China, except North. Alumina price in...
NALCO increases its aluminium prices by over INR4000/t with effect from June 6
National Aluminium Company Limited (NALCO) increased its aluminium prices with effect from Saturday, June 6. With the latest hike, NALCO's prices of aluminium ingots came in at INR 136,750-140,250 per tonne, up INR 4,200 or 3 per cent from INR 132,550-136,050 per tonne on May 9. The prices of...
Hindalco’s aluminium ingot price stands at INR137,250/t with effect from June 9
Hindalco Industries has raised the prices of its aluminium products for the third time in a row. With effect from June 9, Hindalco aluminium ingots price came in at INR 137,250 per tonne. This records an increase of 1.1% or INR 1,500 per tonne from INR 135,750 per tonne on June 6. The company is...
Hindalco hikes its aluminium ingot price by INR2500/t
Hindalco Industries Ltd has continued to increase the price of its aluminium ingots, billets and wire rods by 2%. This marked the second consecutive hike in the price of the same products. With effect from June 6, Hindalco aluminium ingots price now stands at INR 135,750 per tonne, marking an...
A00 aluminium ingot price grows further by RMB150/t leading to lower spot contract; Aluminium fluoride price declines
The incessant downfall in Chinese primary aluminium stocks has resulted in further significant growth in A00 aluminium ingot price by RMB 150 per tonne to stand at RMB 13,850 per tonne, as of Tuesday, June 9, found Shanghai Metals Market. The average prices are expected to range between RMB 13,830...
Iran's aluminium output rises 47% YoY in the first two months of Iranian year
Iran's production of aluminium stood at 60,677 tonnes during the first two months of the current Iranian year (March 20-May19), from 41,367 tonnes in the same period last year. That was up 47% year-on-year, according to the Iranian Mines and Mining Industries Development and Renovation Organization...
COVID-19 Hit: Japan’s primary aluminium demand looks bearish till September due to slow production recovery
Japan is likely to continue to see a sluggish primary aluminium demand between July and September, owing to slow aluminium products manufacturing recovery from the COVID-19 pandemic and increased imports from overseas. Discussions over the Japan aluminium premium for the September quarter started...
Primary aluminium inventories in China continue to decline by 46,000 tonnes over the weekend
Echoing the lowering trend as of Thursday, June 4, the social inventories of primary aluminium again declined by 46,000 tonnes over the weekend ending Monday, June 8, across eight major Chinese consumption areas, including SHFE warrants, to stand at 801,000 tonnes, found Shanghai Metals Market. But...
