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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The A00 aluminium ingot price in China has been on the rise since Monday, January 9. As of Friday, January 13, the price has been recorded at RMB 18,460 per tonne with a hike of RMB 230 per tonne. The average price for the same may orbit between RMB 18,440 per tonne and RMB 18,480 per tonne, with...
National Aluminium Company Limited (NALCO) has escalated its aluminium ingot and aluminium products prices sharply on Thursday, January 12, in response to the LME aluminium benchmark price rally for over the past three days. The company has lifted its aluminium ingot price by INR 13,500 per tonne...
Today, the alumina spot price in China has witnessed an RMB 2 per tonne rise, closing at RMB 2,932 per tonne, while the alumina price in Henan and Guangxi have both seen an increase of RMB 15 per tonne to halt at RMB 2,980 per tonne and RMB 2,880 per tonne. The Australian alumina FOB price has...
Hindalco Industries Limited has hiked its aluminium ingot and aluminium products prices for the second day in a row on January 11, 2023. With the recent price rise, the company’s aluminium ingot price has come in at INR 226,750 per tonne per tonne, up by INR 5,000 per tonne or 2.25 per cent from...
The A00 aluminium ingot price on Wednesday, January 11, has increased by RMB 110 per tonne to halt at RMB 18,110 per tonne, with the spot contract price expected to be traded at a discount price of RMB 90 to RMB 50 per tonne. The average may range between RMB 18,090 per tonne and RMB 18,130 per...
Vedanta Limited has lifted its aluminium ingot and aluminium products prices by INR 7,750 per tonne, with effect from Tuesday, January 10. That has brought the company’s aluminium ingot price to INR 222,750-253,250 per tonne versus INR 215,000-245,500 per tonne on January 7. Vedanta’s aluminium...
A00 aluminium ingot price has escalated by RMB 140 per tonne, resting at RMB 18,000 per tonne, as the Shanghai Metals Market recorded on Tuesday, January 10. The average prices are expected to range between RMB 17,980 per tonne and RMB 18,020 per tonne, with spot contracts trading at discount...
Hindalco Industries Limited has cut its aluminium products and aluminium ingot prices for the third time in a row since the year 2023 began. With effect from Saturday, January 7, Hindalco has trimmed its aluminium wire rod price by INR 1,500 per tonne from INR 226,600 per tonne to INR 225,100 per...
After recording a downfall since December 30, 2022, the A00 aluminium ingot has hiked by RMB 160 per tonne to halt at RMB 17,860 per tonne, from RMB 17,700 per tonne recorded last week. As per the SMM data, the average price for Monday, January 9, ranged between RMB 17,840 per tonne and RMB 17,880...
National Aluminium Company Limited (NALCO) has slashed its aluminium ingot and aluminium products prices, with effect from January 6, in line with the plunge in LME aluminium benchmark price by US$95 per tonne through the last week. NALCO has sharply cut its aluminium ingot price by INR 9,400 per...
Vedanta Limited has increased its aluminium ingot and alumium products prices, with effect from Thursday, January 6, following a slash last day. On January 6, Vedanta’s aluminium ingot price has seen a rise of INR 1,250 per tonne to peg at INR 217,500-248,000 per tonne. On January 5, the price...
According to the Shanghai Metals Market, China's primary aluminium inventories massively increased by 83,000 tonnes week-on-week across eight major consumption areas, including SHFE warrants. On Thursday, January 5, the inventories totalled 576,000 tonnes, which in comparison with the month's first...
The average alumina spot price in China has gained RMB 1 per tonne, closing at RMB 2,929 per tonne, while the price of alumina in Henan has escalated by RMB 5 per tonne, halting at RMB 2,965 per tonne. A00 aluminium ingot price has plunged by RMB 30 per tonne, resting at RMB 17,700 per tonne, as...
Hindalco Industries Limited has continued to trim its aluminium ingot and aluminium product prices in line with the downtrend price on the London Metal Exchange. On Thursday, January 5, Hindalco slashed its aluminium ingot price by INR 7,500 per tonne or 3.36 per cent to INR 215,500 per tonne from...
On Thursday, January 5, China’s A00 aluminium ingot price decreased by RMB 290 per tonne to settle at RMB 17,730 per tonne, with the average price ranging between RMB 17,710 per tonne and RMB 17,750 per tonne. The spot contract price is expected to be traded at a discount price of RMB 80 to RMB 40...
Vedanta Limited has reduced its aluminium ingot and aluminium products prices with effect from Wednesday, January 4. The company’s aluminium ingot price has seen a cut of INR 1,750 per tonne, reaching INR 223,750-254,250 per tonne versus INR 225,500-256,000 per tonne on January 3. Vedanta’s...
Hindalco Industries Limited has revised its aluminium products and aluminium ingot prices for the first time in the New Year. With effect from Wednesday, January 4, Hindalco has cut its aluminium products prices by INR 3,000 per tonne or 1.27 per cent, bringing the aluminium wire rod price to INR...
A00 aluminium ingot price has nosedived by RMB 300 per tonne, resting at RMB 18,020 per tonne, as the Shanghai Metals Market recorded on Wednesday, January 4. The average prices are expected to range between RMB 18,000 per tonne and RMB 18,040 per tonne, with spot contracts trading at discount...
