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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After revising aluminium prices for three consecutive days from November 17 to 19, Hindalco paused for two days and then cut both its aluminium products and aluminium ingot prices, with effect from November 22. Hindalco curtailed its aluminium wire rod price by INR 2,000 per tonne to sell the...
A00 aluminium ingot price has heightened by RMB 20 per tonne, closing at RMB 19,020 per tonne, as the Shanghai Metals Market recorded on Tuesday, November 22. The average prices are expected to range between RMB 19,000 per tonne and RMB 19,040 per tonne, with spot contracts trading at premium...
Aluminium Stewardship Initiative announced on Tuesday, November 22, that it successfully certified Press Metal Bintulu Sdn Bhd, a subsidiary of Press Metal Aluminium Holdings Berhad, against the Performance Standard V2 (2017) Certification. Through the certification, ASI has acknowledged the...
National Aluminium Company Limited (NALCO) has cut its aluminium ingot and aluminium products prices, effective from Saturday, November 19, after three consecutive hikes since the beginning of the month. NALCO’s aluminium ingot price has seen a trim of INR 2,900 per tonne from 227,950-231,450 per...
Vedanta Limited reduced its aluminium ingot and aluminium products prices by INR 3,500 per tonne on Friday, November 18. With the latest cut, Vedanta’s aluminium ingot price hovered around 221,250-252,250 per tonne versus INR 224,750- 255,750 per tonne on November 17. Vedanta’s aluminium wire rod...
Hindalco Industries Limited has cut its aluminium products and aluminium ingot prices for the two successive days – November 17 and 18. On Thursday, November 17, Hindalco trimmed its aluminium wire rod price by INR 1,750 per tonne from INR 235,350 per tonne on November 16 to INR 233,600 per tonne...
According to the Shanghai Metals Market, primary aluminium inventories in China witnessed a slump of 29,000 tonnes week-on-week across eight major consumption areas, including SHFE warrants. Therefore, on Thursday, November 17, the inventories totalled 547,000 tonnes, which in comparison with the...
A00 aluminium ingot price has shot up by RMB 260 per tonne, closing at RMB 19,250 per tonne, as the Shanghai Metals Market recorded on Friday, November 18. The average prices are expected to range between RMB 19,230 per tonne and RMB 19,2 70 per tonne, with spot contracts trading at a discount...
National Aluminium Company Limited (NALCO) has continued to increase its aluminium ingot and aluminium products prices, for the third time in a row, with effect from Thursday, November 16. The company has hiked its aluminium ingot price by INR 5,600 per tonne or 2.5 per cent from INR 222,350-...
On Thursday, November 17, the A00 aluminium ingot price hiked by RMB 140 per tonne to settle at RMB 18,990 per tonne, with the average prices ranging between RMB 18,970 per tonne and RMB 19,010 per tonne. The spot contract price is expected to be traded at a premium price of RMB 30 per tonne and 70...
Vedanta Limited’s aluminium products prices have witnessed further expansion over the past four days ending November 16. The company’s aluminium wire rod price has been grown by INR 2,000 per tonne to INR 234,000-241,500 per tonne, following a significant hike of INR 9,250 per tonne on Saturday,...
Hindalco Industries Limited has extended its aluminium ingot and aluminium products price hike, with effect from Wednesday, November 16, although at a lower rate than November 12. Hindalco has expanded its aluminium ingot price by INR 2,000 per tonne from INR 222,250 per tonne on November 12 to INR...
Vedanta Limited hiked its aluminium ingot and aluminium products prices, with effect from Saturday, November 12, after a cut by INR 6,250 per tonne on the previous day. On November 12, Vedanta’s aluminium ingot price saw an expansion of INR 9,250 per tonne from INR 215,250-246,250 per tonne to INR...
On Tuesday, November 15, A00 aluminium ingot price in China has shown no change to settle at RMB 18,780 per tonne. The prices in Tianjin and Gongyi have grown by RMB 100 per tonne and RMB 30 per tonne to stand at RMB 18,860 per tonne and RMB 18,680 per tonne. On the other hand, in other regions...
After three successive cuts on November 8, 10 and 11, Hindalco Industries Limited elevated its aluminium products and aluminium ingot prices, with effect from Saturday, November 12. The company lifted its aluminium wire rod price by INR 9,250 per tonne or 4.07 per cent to sell the item at INR...
The average alumina spot price has continued to decline across China by RMB 2 per tonne on Monday, November 14, to stand at RMB 2,776 per tonne. In Shandong, alumina price has lost RMB 10 per tonne to open the week at RMB 2,710 per tonne, according to the Shanghai Metals Market. As a result of the...
According to the Shanghai Metals Market, primary aluminium inventories in China witnessed a decrease of 4,000 tonnes week-on-week across eight major consumption areas, including SHFE warrants. Therefore, on Thursday, November 10, the inventories totalled 576,000 tonnes, which in comparison with the...
National Aluminium Company Limited (NALCO) has elevated its aluminium ingot and aluminium products prices for the second consecutive time since November 1, although slightly at a lower rate. Compared to a hike of INR 6,600 per tonne on November 1, NALCO increased its aluminium ingot price by INR...
