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,...
Macro perspective: Fed Chairman Warsh delivered a hawkish speech at the Jackson Hole symposium, lifting market expectations for a September rate hike to around 60 per cent, while the US dollar consolidated amid fluctuations, unsettling the nonferrous metals sector. The Fed's latest Beige Book...
Grow with
AL Circle
Hindalco Industries Limited has elevated its aluminium ingot and aluminium products prices on Friday, March 24, following a cut about a week earlier. With effect from March 24, the company has increased its aluminium ingot price by INR 2,000 per tonne to INR 214,750 per tonne. Last Saturday, March...
A00 aluminium ingot price has augmented by RMB 170 per tonne, officially closing at RMB 18,320 per tonne, as the Shanghai Metals Market recorded on March 24, Friday. The average prices are expected to range between RMB 18,300 per tonne and RMB 18,340 per tonne, with spot contracts trading at...
On Thursday, March 23, China’s A00 aluminium ingot price has grown by RMB 50 per tonne to settle at RMB 18,150 per tonne, with the average prices standing between RMB 18,130 per tonne and RMB 18,170 per tonne. On a W-o-W calculation , the aluminium ingot price moved up by RMB 10 per tonne from RMB...
On Tuesday, March 21, China’s A00 aluminium ingot price slumped by RMB 130 per tonne to halt at RMB 18,110 per tonne, with the average prices ranging between RMB 18,090 per tonne and RMB 18,130 per tonne. The spot contract price is expected to be traded at a discount price of RMB 80 to RMB 40 per...
Vedanta Limited continued to reduce its aluminium products prices on Saturday, March 18, bringing its aluminium wire rod price to the range between INR 221,000-228,500 per tonne, down by INR 1,500 per tonne from the previous day. On Thursday, March 16, Vedanta’s aluminium wire rod price stood at...
A00 aluminium ingot price has heightened by RMB 90 per tonne, officially closing at RMB 18,240 per tonne, as the Shanghai Metals Market recorded on March 20. The average prices are expected to range between RMB 18,220 per tonne and RMB 18,260 per tonne, with spot contracts trading at discount...
According to the Shanghai Metals Market, China's primary aluminium inventories massively fell by 56,000 tonnes on a weekly basis across eight major consumption areas, including SHFE warrants. This can be considered a major fall after two months of successive inventory accumulation. On Thursday,...
National Aluminium Company Limited (NALCO) has slashed its aluminium ingot and aluminium products prices for the third time in a row since the February end. With effect from Saturday, March 18, the company has cut its aluminium ingot price by INR 3,800 per tonne or 1.73 per cent to INR...
Hindalco Industries Limited again cut its aluminium products prices on March 16 after an intermittent hike the previous day. According to the latest price list, the company’s aluminium wire rod price has come in at INR 225,100 per tonne as of March 16, down by INR 2,000 per tonne. On March 15, the...
On Thursday, March 16, China’s A00 aluminium ingot price has contracted by RMB 180 per tonne to close at RMB 18,140 per tonne, with the spot contract price expected to be traded at a discount price of RMB 60 to RMB 20 per tonne. The average price is expected to range between RMB 18,120 per tonne...
Vedanta Limited has lifted its aluminium ingot and aluminium products prices on Wednesday, March 15, after several cuts, in response to the LME aluminium price hike. Vedanta, India's leading aluminium producing company, has added INR 4,500 per tonne to its aluminium ingot price to sell the primary...
Hindalco Industries Limited has continued to cut its aluminium products prices for the fourth consecutive time since March 2 in line with the sluggish trend in the LME aluminium benchmark price. With effect from Tuesday, March 14, Vedanta has reduced its aluminium wire rod price by INR 1,500 per...
On Tuesday, March 14, A00 aluminium ingot price in China went up by RMB 60 per tonne to halt at RMB 18,280, with the spot contract price expected to be traded at a discount price of RMB 30 per tonne and premium price of RMB 10 per tonne. The average price is expected to range between RMB 18,260 per...
A00 aluminium ingot price has slumped by RMB 10 per tonne, officially closing at RMB 18,220 per tonne, as the Shanghai Metals Market recorded on March 13. The average prices are expected to range between RMB 18,200 per tonne and RMB 18,240 per tonne, with spot contracts trading at discount prices...
Aluminium Stewardship Initiative awards PT Inalum (Persero) the Performance Standard certificate or ASI V3(2022) for its aluminium smelters in Batu Bara Regency, Kuala Tanjung and North Sumatra province, Indonesia. M Jufri, the Public Relations officer at Inalum, exclaimed that the ASI...
National Aluminium Company Limited (NALCO) has cut its aluminium ingot and aluminium products prices by INR 4,500 per tonne, with effect from Friday, March 10. This has brought the company’s aluminium ingot price to INR 219,650-223,150 per tonne compared to INR 224,150-227,650 per tonne on February...
According to the Shanghai Metals Market, China’s domestic A00 aluminium ingot price has plummeted by RMB 230 per tonne on March 10, following a dip of RMB 10 per tonne last day. Thus, the price has closed the week at RMB 18,230 per tonne, recording a week-on-week fall of RMB 320 per tonne or 1.73...
According to the Shanghai Metals Market, China's primary aluminium inventories dipped by 2,000 tonnes on a weekly basis across eight major consumption areas, including SHFE warrants. On Thursday, March 9, the inventories came in at 1,267,000 tonnes, which in comparison with the first Monday of this...
