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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According to the Shanghai Metals Market, China's primary aluminium inventories decreased by 18,000 tonnes week-on-week across eight major consumption areas, including SHFE warrants. Therefore, on Thursday, December 1, the inventories totalled 500,000 tonnes, which in comparison with the last Monday...
A00 aluminium ingot price has elevated by RMB 40 per tonne, resting at RMB 19,330 per tonne, as the Shanghai Metals Market recorded on Friday, December 2. The average prices are expected to range between RMB 19,310 per tonne and RMB 19,350 per tonne, with spot contracts trading at premium prices of...
Hindalco Industries Limited has increased its aluminium products and aluminium ingot prices, with effect from November 30, following three back-to-back cuts on November 24, 25, and 29. Among Hindalco’s products prices, aluminium billets price has experienced a lift of INR 2,250 per tonne or 0.98...
The average alumina spot price in China ascended by RMB 10 per tonne to settle at RMB 2,816 per tonne, followed by a growth of RMB 20 per tonne in Shanxi to close at RMB 2,850 per tonne on Thursday, December 1. On the same day, prices in Guangxi and Henan increased by RMB 15 per tonne and RMB 10...
Vedanta Limited has increased its aluminium products and aluminium ingot prices following back-to-back cuts on November 24, 25 and 29. On Wednesday, November 30, Vedanta has hiked its aluminium wire rod price by INR 2,000 per tonne to sell the product at INR 228,750-236,250 per tonne. Aluminium...
National Aluminium Company Limited (NALCO) has again curtailed its aluminium ingot and aluminium products prices, with effect from Tuesday, November 29, marking the second consecutive cut. NALCO’s aluminium ingot price has been reduced by INR 4,600 per tonne from INR 225,050-228,550 on November 19...
A00 aluminium ingot price has nosedived to RMB 18,970 per tonne, losing RMB 200 per tonne, as the Shanghai Metals Market recorded on Wednesday, November 30. The average prices are expected to range between RMB 18,950 per tonne and RMB 18,990 per tonne, with spot contracts trading at premium prices...
On Tuesday, November 29, the average alumina spot price in China increased by RMB 6 per tonne to halt at RMB 2,803 per tonne. The price in Shanxi has hiked by RMB 10 per tonne to settle at RMB 2,825 per tonne. As per the SMM data, the prices in Shandong and Henan have gone up by RMB 5 per tonne to...
A00 aluminium ingot price has nosedived to RMB 18,800 per tonne, losing RMB 230 per tonne, as the Shanghai Metals Market recorded on Monday, November 28. 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...
Vedanta Limited further curtailed its aluminium products and aluminium ingot prices for the second day in a row, with effect from Friday, November 25. Vedanta cut its aluminium wire rod price by INR 1,750 per tonne to sell the product at INR 229,250-236,750 per tonne versus INR 231,000-238,500 per...
According to the Shanghai Metals Market, China's primary aluminium inventories decreased by 29,000 tonnes week-on-week across eight major consumption areas, including SHFE warrants. Therefore, on Thursday, November 24, the inventories totalled 518,000 tonnes, which in comparison with the month's...
Hindalco Industries Limited has slashed its aluminium products and aluminium ingot prices for two successive days – November 24 and 25. As per the data, on November 25, Hindalco trimmed its aluminium wire rod price by INR 2,000 per tonne from INR 233,850 per tonne to INR 231,850 per tonne. As per...
The average alumina spot price has stopped at RMB 2,791 per tonne after witnessing a growth of RMB 16 per tonne on Friday, November 25. The prices in Shanxi, Guizhou and Guangxi have ascended by RMB 20 per tonne to halt at RMB 2,805 per tonne, RMB 2,740 per tonne and RMB 2,700 per tonne. In...
Vedanta Limited has reduced its aluminium ingot and aluminium products prices by INR 2,750 per tonne on Thursday, November 24, just after the day it hiked its products prices by INR 4,500 per tonne. The latest cut has brought the company’s aluminium ingot price to INR 223,500-254,500 per tonne as...
Hindalco Industries Limited has reduced its aluminium ingot and aluminium product prices, from Thursday, November 24, following a hike the previous day. As per the data, Hindalco has curtailed its aluminium ingot price by INR 2,500 per tonne to sell the product at INR 222,750 per tonne from INR...
A00 aluminium ingot price has augmented by RMB 130 per tonne, closing at RMB 19,000 per tonne, as the Shanghai Metals Market recorded on Thursday, November 24. The average prices are expected to range between RMB 19,080 per tonne and RMB 19,120 per tonne, with spot contracts trading at premium...
Vedanta Limited has hiked its aluminium ingot and aluminium products prices, with effect from Wednesday, November 23, following a cut on the previous day. On Tuesday, November 22, Vedanta reduced its aluminium ingot price by INR 2,000 per tonne to INR 221,750-252,750 per tonne, following which, the...
On Wednesday, November 23, the average alumina spot price in China has gone up by RMB 4 per tonne to close at RMB 2,769 per tonne. On the same day, the price in Shandong, Shanxi and Guangxi has increased by RMB 5 per tonne to halt at RMB 2,705 per tonne, RMB 2,775 per tonne and RMB 2,670 per tonne....
