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...
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Hindalco Industries Limited has continued reducing the prices of its aluminium ingot and aluminium products, effective from Friday, February 10, for the past week. Today’s deduction marks the third consecutive cut bringing the company’s aluminium ingot price to INR 230,250 per tonne, down by INR...
Vedanta Limited has extended its aluminium ingot and products price cut with effect from Tuesday, February 7. The company has reduced its aluminium ingot price by INR 6,250 per tonne or 2.58 per cent to INR 236,250-266,750 per tonne versus INR 242,500-273,000 per tonne on February 3. Vedanta’s...
Following growth a day before, the A00 aluminium ingot price has dropped by RMB 180 per tonne to settle at RMB 18,880 per tonne, with the spot contract price expected to be traded at a discount price of RMB 70 to RMB 30 per tonne. The average price is expected to range between RMB 18,860 per tonne...
Hindalco Industries Limited has significantly reduced its aluminium products and aluminium ingot prices for the second consecutive time, in line with the back-to-back LME aluminium price fall since February 1. With effect from Tuesday, February 7, Hindalco has curtailed its aluminium wire rod price...
National Aluminium Company Limited (NALCO) has slashed its aluminium ingot and aluminium products prices after four successive hikes in response to the LME aluminium price plunge during February 1-7, 2023. With effect from February 7, NALCO has curtailed its aluminium ingot price by INR 7,800 per...
A00 aluminium ingot price has seen RMB 60 per tonne rise, halting at RMB 19,060 per tonne, as the Shanghai Metals Market recorded on February 8. The average prices are expected to range between RMB 19,040 per tonne and RMB 19,080 per tonne, with spot contracts trading at discount prices of RMB 80...
The average alumina spot price in China has gone up by RMB 3 per tonne on Tuesday, February 7, after remaining restrained since January 31. The price as of today settled at 2,950, followed by a growth of RMB 10 per tonne in Shandong and Guizhou to come in at RMB 2,925 per tonne and RMB 2,880 per...
A00 aluminium ingot price has slumped by RMB 130 per tonne, halting at RMB 18,750 per tonne, as the Shanghai Metals Market recorded on February 6. The average prices are expected to range between RMB 18,730 per tonne and RMB 18,770 per tonne, with spot contracts trading at discount prices of RMB 90...
Vedanta Limited reduced its aluminium ingot and aluminium products prices by INR 3,000 per tonne on Friday, February 3, following an increase of INR 7,000 per tonne on the previous day. On February 3, Vedanta’s aluminium ingot price came in at INR 242,500-255,500 per tonne, compared to INR...
On Friday, February 3, Qatar Aluminium Manufacturing Company, a Qatari Public Shareholding Company, popularly known as QAMCO, announced its financial result for 2022 ended December 31, reporting a record net profit of QR919 million, up by 10.13 per cent from QR 834.5 million in 2021. The company’s...
According to the Shanghai Metals Market, China's primary aluminium inventories massively increased by 113,000 tonnes on a weekly basis across eight major consumption areas, including SHFE warrants. On Thursday, February 2, the inventories totalled 104,70,00 tonnes, which in comparison with the last...
Hindalco Industries Limited has curtailed its aluminium products prices by INR 3,250 per tonne or 1.25 per cent, with effect from February 3. That brought the company’s aluminium wire rod price to INR 252,600 per tonne versus INR 255850 per tonne on February 2, up by INR 7,250 per tonne from...
National Aluminium Company Limited (NALCO) has slightly increased its aluminium ingot and aluminium products prices, with effect from February 1, in line with a slow growth rate of the LME aluminium benchmark price between January 26 and February 1. According to the new price chart revealed, NALCO...
China’s A00 aluminium ingot price has slipped by RMB 130 per tonne to close at RMB 18,880 per tonne as of Friday, February 3. The spot contract price is expected to be traded at a discount price of RMB 100 to RMB 60 per tonne, and the average price may range between RMB 18,860 per tonne and RMB...
On Wednesday, February 1, Aluminium Stewardship Initiative announced it successfully certified Yunnan Hongtai New Material Co., Ltd., a subsidiary operation of China Hongqiao Group Co., Ltd., against the Performance Standard V2 (2017) Certification. Yunnan Hongtai, located in Wenshan City, is...
A00 aluminium ingot price has escalated by RMB 50 per tonne, halting at RMB 19,010 per tonne, as the Shanghai Metals Market recorded on February 2. The average prices are expected to range between RMB 18,990 per tonne and RMB 19,030 per tonne, with spot contracts trading at discount prices of RMB...
Vedanta Limited has curtailed its aluminium ingot and aluminium products prices by INR 3,500 per tonne, with effect from February 1, 2023. That brought the company’s aluminium ingot price to INR 238,500-269,000 per tonne versus INR 242,000- 272,500 per tonne on January 31. Vedanta’s aluminium wire...
On Wednesday, February 1, A00 aluminium ingot price in China has hiked by RMB 230 per tonne, compared to the previous day, where the price had witnessed a fall of RMB 40 per tonne. The price as of today closed at RMB 18,960 per tonne, with the spot contract price expected to be traded at a discount...
