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 trimmed its aluminium products and aluminium ingot prices, with effect from January 31, following a surge in the previous week. The company has cut its aluminium wire rod price by INR 1,500 per tonne to sell the product at INR 252,100 per tonne versus INR 251,600 per...
A00 aluminium ingot price has shrunk by RMB 40 per tonne, halting at RMB 18,730 per tonne, as the Shanghai Metals Market recorded on January 31. The aluminium prices are on a downward trajectory just after the Chinese New Year holidays are over. The average prices are expected to range between RMB...
On Monday, January 30, A00 aluminium ingot price in China opened the week with a drop of RMB 210 per tonne to halt at RMB 18,770 per tonne. The spot contract price is expected to be traded at a discount price of RMB 130 per tonne to RMB 90 per tonne, with the average prices expected to stand...
A week later, since the last hike, National Aluminium Company Limited (NALCO) has further increased its aluminium products and aluminium ingot prices, with effect from Thursday, January 26. This marks the third consecutive escalation in NALCO’s aluminium prices. According to the latest price chart...
Aluminium Stewardship Initiative has awarded PT Indonesia Asahan Aluminium (INALUM) Persero the Performance Standard V3 (2022) Certification for the smelting plant at Kuala Tanjung, Indonesia. Asahan Aluminium (INALUM) Persero is the first company to have received the updated Performance Standard...
In the first nine months of the current Iranian calendar year (March 21–December 21, 2022), Iran's aluminium ingot production increased by 19 per cent compared to last year. According to statistics, the production of aluminium ingot increased from 398,610 tonnes in the same time last year to...
Hindalco Industries Limited increased its aluminium products prices by INR 2,000 per tonne, with effect from January 25. That brought the company’s aluminium wire rod price to INR 253,600 per tonne versus INR 251,600 per tonne on January 21. Hindalco’s aluminium billets price came in at INR 256,600...
Vedanta Limited has added INR 2,000 per tonne to its aluminium products and aluminium ingot prices on Wednesday, January 25. That brought the company’s aluminium wire rod price to INR 251,000-258,500 per tonne versus INR 249,000-256,500 on January 21. Vedanta increased its aluminium wire rod price...
Hindalco Industries Limited elevated its aluminium products prices on Saturday, January 21, following a significant slash on the previous day. Both the actions were in line with the LME aluminium price movement. On January 21, Hindalco’s aluminium billets price was lifted by INR 3,500 per tonne to...
Vedanta Limited has slashed the prices of aluminium products from January 20 following a surge on the previous day. The company has cut its aluminium wire rod price by INR 9,250 per tonne or 3.5 per cent to INR 245,500-253,000 per tonne as of January 20. On January 19, the price stood at INR...
Hindalco Industries Limited has escalated by INR 6,250 per tonne or 2.6 per cent, with effect from Thursday, January 19. This has brought the company’s aluminium ingot price to INR 246,250 per tonne versus INR 240,000 per tonne on January 18. Hindalco’s aluminium ingot price on January 18 witnessed...
A00 aluminium ingot price in China has recorded a hike for the third day in a row by RMB 200 per tonne to settle at RMB 18,840 per tonne, learned the Shanghai Metals Market data. The average prices are expected to range between RMB 18,820 per tonne and RMB 18,860 per tonne, with a spot contract to...
National Aluminium Company Limited (NALCO) has continued to significantly increase its aluminium ingot and aluminium products prices in line with the LME aluminium price hike. With effect from Wednesday, January 18, NALCO has escalated its aluminium ingot price by INR 10,000 per tonne to range...
A00 aluminium ingot price has been boosted by RMB 130 per tonne, halting at RMB 18,640 per tonne, as the Shanghai Metals Market recorded on January 18. The aluminium price has risen for two consecutive days, and the mid-week scenario seems to be pointing at a subtle price increase throughout the...
On Tuesday, January 17, the average alumina spot price has hiked by RMB 12 per tonne to halt at RMB 2,945 per tonne. Prices in Henan and Guangxi have increased by RMB 10 per tonne to peg at RMB 2,990 per tonne and RMB 2,890 per tonne. On the same day, prices in Shandong and Shanxi have gone up by...
Vedanta Limited lifted its aluminium products and aluminium ingot prices by INR 4,500 per tonne on Saturday, January 14. That brought the company’s aluminium wire rod price to INR 243,000-250,500 per tonne versus INR 238,500-246,000 per tonne on January 12. With the latest hike, Vedanta’s aluminium...
Hindalco Industries Limited back-to-back hiked its aluminium ingot and aluminium products prices on January 14. Previously, on January 12, Hindalco lifted its aluminium ingot price by INR 3,250 per tonne from INR 226,750 per tonne to INR 230,000 per tonne. On Saturday, January 14, the price was...
A00 aluminium ingot price has dived down by RMB 10 per tonne, resting at RMB 18,450 per tonne, as the Shanghai Metals Market recorded at the beginning of the week, Monday, January 16. Last week, the aluminium ingot prices were on an upward trajectory but were unable to reach the range of RMB 19,060...
