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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A week after the last update, National Aluminium Company Limited (NALCO) slightly increased its aluminium ingot and aluminium products prices on January 1, 2023. The company’s aluminium ingot price welcomed the New Year, reaching INR 225,250-228,750 per tonne, up by INR 1,000 per tonne from INR...
On Tuesday, January 3, A00 aluminium ingot price in China has declined by RMB 360 per tonne to settle at RMB 18,320 per tonne, with the average prices expected to range between RMB 18,300 per tonne and RMB 18,340 per tonne. The spot contract price is expected to be traded at a discount price of RMB...
According to the Shanghai Metals Market, China's primary aluminium inventories increased by 18,000 tonnes week-on-week across eight major consumption areas, including SHFE warrants. Therefore, on Thursday, December 29, the inventories totalled 493,000 tonnes, which in comparison with the month's...
Hindalco Industries Limited has further increased its aluminium products prices, with effect from Friday, October 30, although at a lower rate than the previous day. With the latest rise, Hindalco’s aluminium wire rod price has come in at INR 237,100 per tonne, down by INR 1,250 per tonne from INR...
On Friday, December 30, China's A00 aluminium ingot price climbed up by RMB 30 per tonne to halt at RMB 18,680 per tonne, with the average prices standing between RMB 18,660 per tonne and RMB 18,700 per tonne. The spot contract price is expected to be traded at a discount price of RMB 50 to RMB 10...
Vedanta Limited trimmed its aluminium ingot and aluminium products prices by INR 1,250 per tonne on Tuesday, December 27, following a raise of INR 3,000 per tonne on December 22. That brought the company’s aluminium ingot price to INR 224,250-255,250 per tonne versus INR 225,500-256,500 per tonne...
A00 aluminium ingot price has plummeted by RMB 260 per tonne, resting at RMB 18,710 per tonne, as the Shanghai Metals Market recorded on Thursday, December 29. The average prices are expected to range between RMB 18,690 per tonne and RMB 18,730 per tonne, with spot contracts trading at a discount...
A00 aluminium ingot price has surged by RMB 300 per tonne, resting at RMB 19,060 per tonne, as the Shanghai Metals Market recorded on Tuesday, December 27. The average prices are expected to range between RMB 19,040 per tonne and RMB 19,080 per tonne, with spot contracts trading at premium prices...
On Monday, December 26, A00 aluminium ingot price in China slipped by RMB 40 per tonne to stand at RMB 18,760 per tonne, with the average prices standing between RMB 18,740 per tonne and RMB 18,780 per tonne. The spot contract price is expected to be traded at a premium price of RMB 120 to RMB 160...
National Aluminium Company Limited (NALCO) has slightly elevated its aluminium ingot and aluminium products prices by INR 1,400 per tonne, with effect from Saturday, December 24, following two back-to-back cuts on December 15 and 21. The raise on December 24 has brought NALCO’s aluminium ingot...
Hindalco Industries Limited has lifted its aluminium products prices by INR 3,250 per tonne, with effect from Thursday, December 22, following back-to-back cuts over a week. With the latest hike, Hindalco’s aluminium wire rod price has come in at INR 235,850 per tonne versus INR 232,600 per tonne...
A00 aluminium ingot price has plunged by RMB 20 per tonne, resting at RMB 18,800 per tonne, as the Shanghai Metals Market recorded on Friday, December 23. The average prices are expected to range between RMB 18,780 per tonne and RMB 18,820 per tonne, with spot contracts trading at premium prices of...
National Aluminium Company Limited (NALCO) has further slashed its aluminium ingot and aluminium products prices by INR 5,800 per tonne, with effect from Thursday, December 21. The latest cut has brought the company’s aluminium ingot price at INR 222,850- 226350 per tonne, compared to INR 228,650-...
On Thursday, December 22, the average alumina spot price has grown by RMB 7 per tonne to close at RMB 2,920 per tonne. On the same day, the prices in Shandong and Shanxi have gone up by RMB 10 per tonne to settle at RMB 2,895 per tonne and RMB 2,960 per tonne. As per the data, both Guizhou and...
Vedanta Limited has curtailed its aluminium products and aluminium ingot prices by INR 3,000 per tonne, with effect from December 20. That followed a cut of INR 2,750 per tonne in the previous week, December 17. With the latest cut, Vedanta’s aluminium wire rod price has come in at INR 230,000-...
On Wednesday, December 21, A00 aluminium ingot price has ascended by RMB 70 per tonne to stand at RMB 18,780 per tonne, with the average price expected to stand between RMB 18,760 per tonne and RMB 18,800 per tonne. The spot contract price is expected to be traded at a premium price of RMB 140 to...
Hindalco Industries Limited has continued to cut its aluminium ingot and aluminium products prices for the fourth time in a row, effective from Tuesday, December 20. After a cut of INR 1,500 per tonne on December 17, Hindalco has further reduced its aluminium ingot price by INR 3,000 per tonne to...
National Aluminium Company Limited (NALCO) reduced its aluminium ingot and aluminium products prices, with effect from December 15, following a significant rise of 6.6 per cent on December 7. NALCO this week cut its aluminium ingot price by INR 6,500 per tonne from INR 235,150-238,650 per tonne to...
