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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Vedanta Limited’s aluminium ingot and aluminium products prices have rebounded on December 16 after a dip on the previous day. On Thursday, December 15, the company cut its aluminium ingot selling price by INR 1,250 per tonne to INR 228,250- 259,250 per tonne but added to same amount on the next...
Hindalco Industries Limited has cut its aluminium products and aluminium ingot prices for the second time in a row, although at a slower rate than earlier, with effect from Thursday, December 15. The company has trimmed its aluminium wire rod price by INR 1,250 per tonne or 0.5 per cent to sell the...
The average alumina spot price in China has hiked by RMB 11 per tonne to stand at RMB 2,908 per tonne as of Thursday, December 15, found the Shanghai Metals Market data. In Shandong, Guizhou, and Guangxi, alumina price has escalated by RMB 15 per tonne to peg at RMB 2,865 per tonne, RMB 2,825 per...
A00 aluminium ingot price has recorded a spike of RMB 30 per tonne, resting at RMB 18,950 per tonne, as the Shanghai Metals Market recorded on Wednesday, December 14. The average prices are expected to range between RMB 18,930 per tonne and RMB 18,970 per tonne, with spot contracts trading at...
Vedanta Industries Limited has curtailed its aluminium products and aluminium ingot prices by 2.2 per cent or INR 5,500 per tonne, with effect from December 13, bringing the aluminium wire rod price to INR 235,750- 243,250 per tonne. Prior to this, the last revision of price was on December 6 when...
Hindalco Industries Limited has slashed its aluminium ingot and aluminium products prices, with effect from Tuesday, December 13, following a hike a weak ago. According to the latest price chart revealed by the company, aluminium ingot price has experienced a cut of INR 5,500 per tonne or 2.36 per...
On Tuesday, December 13, the average alumina spot price in China went up by RMB 15 per tonne to halt at RMB 2,897 per tonne. The price in Shandong and Bayuquan has climbed up by RMB 35 per tonne and RMB 30 per tonne to settle at RMB 2,850 per tonne and RMB 2,930 per tonne. On the same day in...
A00 aluminium ingot price has seen a huge plunge of RMB 300 per tonne, resting at RMB 18,960 per tonne, as the Shanghai Metals Market recorded on Monday, December 12. The average prices are expected to range between RMB 18,940 per tonne and RMB 18,980 per tonne, with spot contracts trading at...
According to the Shanghai Metals Market, China's primary aluminium inventories have remained stagnant at 500,000 tonnes accumulating data from all the eight major consumption areas, including SHFE warrants, on Thursday, December 8. The inventories in comparison with the month's first Monday,...
National Aluminium Company Limited (NALCO) has elevated its aluminium ingot and aluminium products prices, effective from December 7, in line with the LME aluminium price hike over a week. NALCO has significantly increased its aluminium ingot price by INR 14,700 per tonne or 6.6 per cent from INR...
On Friday, December 9, China’s A00 aluminium ingot price has declined by RMB 90 per tonne to settle at RMB 19,260 per tonne, with the average prices ranging between RMB 19,240 per tonne to RMB 19,280 per tonne. The spot contract price is expected to be traded at a discount price of RMB 10 to a...
The averaged alumina price in China has spiked by RMB 14 per tonne, arriving at RMB 2,864 per tonne. The alumina price in Henan has seen RMB 20 per tonne hike, stopping at RMB 2,940 per tonne, while the alumina price in Guizhou has elevated by RMB 15 per tonne, resting at RMB 2,795 per tonne. The...
Vedanta Limited continued to increase its aluminium ingot and aluminium product prices on Tuesday, December 6. The company expanded its aluminium ingot price by INR 4,500 per tonne or 1.96 per cent to sell the products at INR 233,750-264750 per tonne. On December 3, the price had settled at INR...
On Wednesday, December 7, the average alumina spot price in China went up by RMB 14 to reach RMB 2,850 per tonne. The prices in Shandong, Henan, Shanxi and Guangxi hiked by RMB 15 per tonne to halt at RMB 2,780 per tonne, RMB 2,920 per tonne, RMB 2,895 per tonne and RMB 2,775 per tonne. In Guizhou,...
A00 aluminium ingot price has downsized by RMB 110 per tonne, resting at RMB 19,410 per tonne, as the Shanghai Metals Market recorded on Tuesday, December 6. The average prices are expected to range between RMB 19,390 per tonne and RMB 19,430 per tonne, with spot contracts trading at premium prices...
On Monday, December 5, the average alumina spot price in China hiked by RMB 13 per tonne to settle at RMB 2,833 per tonne. The price in Shanxi closed at RMB 2,870 per tonne after recording a growth of RMB 20 per tonne. On the same day, prices in Shandong and Guangxi increased by RMB 15 per tonne to...
Vedanta Limited trimmed its aluminium products and aluminium ingot price by INR 1,500 per tonne on Saturday, December 3. That brought the company’s aluminium wire rod price to INR 235,250-242,750 per tonne versus INR 236,750-244,250 per tonne on December 2. With the latest cut, Vedanta’s aluminium...
Hindalco Industries Limited continued to escalate its aluminium ingot and aluminium products prices for the third day in a row, Friday, December 2. On Thursday, December 1, the company increased its aluminium ingot price by INR 3,500 per tonne to INR 224,000 per tonne, which further got raised by...
