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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A00 aluminium ingot price has decreased by RMB 60 per tonne to close at RMB 18,580 per tonne, as the Shanghai Metals Market recorded on Thursday, October 27. The average prices are expected to range between RMB 18,560 per tonne and RMB 18,600 per tonne, with spot contracts trading at the discount...
National Aluminium Company Limited (NALCO) has slightly cut its aluminium ingot and aluminium products prices compared to the previous slash last week, October 19. This week, Nalco has reduced its aluminium ingot price by only INR 1,400 per tonne or 0.7 per cent to INR 210,450-213,950 per tonne as...
A00 aluminium ingot price has downsized by RMB 100 per tonne to close at RMB 18,550 per tonne, as the Shanghai Metals Market recorded on Tuesday, October 25. The average prices are expected to range between RMB 18,530 per tonne and RMB 18,570 per tonne, with spot contracts trading at the discount...
Hindalco Industries’ aluminium products prices suffered a loss of INR 6,000 per tonne on October 22, the same amount as they grew by the previous day. Therefore, the company’s aluminium billets price came in at INR 219,600 per tonne on Saturday, October 22, versus INR 225,600 per tonne on Friday,...
The average alumina spot price in China has initiated the week with a further drop of RMB 7per tonne to settle at RMB 2,799 per tonne as of Monday, October 24, according to the Shanghai Metals Market (SMM). Among the major consumption cities, Guangxi has witnessed a decline of RMB 20 per tonne to...
Hindalco Industries Limited has increased its aluminium ingot and aluminium products prices for the second day in a row with effect from October 21, 2022. The company’s latest price of aluminium ingot is INR 211,500 per tonne, up by INR 6,000 per tonne or 3.17 per cent from INR 205,500 per tonne on...
Vedanta Limited has hiked its aluminium products and aluminium ingot prices with effect from October 21 in response to the LME aluminium price rally after four consecutive days of decline. Vedanta’s aluminium wire rod price has accumulated INR 6,000 per tonne to range between INR 221,250- 228,750...
A00 aluminium ingot price in China hikes for the third consecutive day to settle at RMB 18,660 per tonne as of Friday, October 21. The price has witnessed a hike of RMB 220 per tonne, with the average prices ranging between RMB 18,640 per tonne and RMB 18,680 per tonne. The spot contract price is...
On Thursday, October 20, the A00 aluminium ingot price in China hikes by RMB 50 per tonne to settle at RMB 18,440 per tonne. The average price for the same is likely to range between RMB 18,420 per tonne and RMB 18,460 per tonne, with the spot contract to be traded at a premium price of RMB 0 to...
National Aluminium Company Limited (NALCO) has axed its aluminium ingot and aluminium products prices, on October 19, after witnessing a hike on Thursday, October 6. NALCO’s aluminium ingot price has seen a slash of INR 11,400 per tonne to come in at INR 211,850-215,350 per tonne versus INR...
Hindalco Industries Limited has back-to-back cut its aluminium products and aluminium ingot prices on October 18 and 19. As per the revised prices revealed, Hindalco’s latest aluminium wire rod price stands at INR 218,850 per tonne on October 19 versus INR 222,850 per tonne on October 18. Today,...
On Wednesday, October 19, the A00 aluminium ingot price in China ascended by RMB 80 per tonne to settle at RMB 18,390 per tonne, with the average prices ranging between RMB 18,370 per tonne and RMB 18,410 per tonne. The spot contract price is likely to be traded at a discount price of RMB 10 per...
According to information provided by the Iranian Mines and Mining Industries Development and Renovation Organization (IMIDRO), production of aluminium ingot increased in Iran during the first half of the current Iranian calendar (March 21–September 22) by 23 per cent when compared to the same...
On Tuesday, October 18, China’s A00 aluminium ingot price dropped by RMB 190 per tonne to settle at RMB 18,310 per tonne, with the average prices ranging between RMB 18,290 per tonne and RMB 18,330 per tonne. The spot contract price is expected to be traded at a discount price of RMB 30 per tonne...
On Monday, October 17, the average alumina spot price in China went down by RMB 11 per tonne to settle at RMB 2,822 per tonne. The price in Bayuquan has descended by RMB 50 per tonne to come in at RMB 2,925 per tonne. On the same day, in Shandong, the alumina price slipped by RMB 20 per tonne to...
Hindalco Industries Limited has expanded its aluminium ingot and aluminium product prices in line with the global aluminium benchmark price increase. As of Friday, October 14, Hindalco’s latest aluminium ingot price closed at INR 223,750 per tonne, up by INR 13,750 per tonne from INR 210,000 per...
On Friday, October 14, China’s A00 aluminium ingot price expanded by RMB 220 per tonne to settle at RMB 18,700 per tonne, with the average prices ranging between RMB 18,680 per tonne and RMB 18,720 per tonne. The spot contract price is expected to be traded at a discount price of RMB 110 to RMB 70...
Vedanta Limited has continued to reduce its aluminium ingot and aluminium products prices, with effect from Wednesday, October 12. The company has further axed its aluminium ingot price by INR 5,000 per tonne or 2.3 per cent to INR 212,250- 242,750 per tonne. On the previous day, it stood at INR...
