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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Hindalco Industries Limited has back-to-back cut its aluminium products and aluminium ingot prices on October 11 and 12. As per the revised prices revealed, Hindalco’s latest aluminium wire rod price is standing at INR 221,100 per tonne versus INR 226,100 per tonne on October 11. Today, the price...
On Wednesday, October 12, the A00 aluminium ingot price in China slumps by RMB 180 per tonne to settle at RMB 18,420 per tonne. The average price for the same is likely to range between RMB 18,400 per tonne and RMB 18,440 per tonne, with spot contract to be traded at a discount price of RMB 70 to...
The average alumina spot price in China has continued to slip by RMB 5 per tonne to clock at RMB 2,835 per tonne on Tuesday, October 11, found the Shanghai Metals Market. In Henan, Shanxi, and Guangxi, alumina price has slid by RMB 5 per tonne to stand at RMB 2,910 per tonne, RMB 2,780 per tonne,...
Vedanta Limited has axed its aluminium products and aluminium ingot prices, with effect from Tuesday, October 11, following three back-to-back hikes. According to the revised prices revealed, the company’s aluminium wire rod price has seen a slash of INR 5,250 per tonne to range between INR...
On Monday, October 10, the average alumina spot price in China went down by RMB 9 per tonne to rest at RMB 2,840 per tonne. The price in Lianyungang and Bayuquan has slumped by RMB 50 per tonne to settle at RMB 2,925 per tonne and RMB 2,975 per tonne. On the same day, the alumina price in Shandong...
National Aluminium Company Limited (NALCO) has significantly raised its aluminium ingot and aluminium products prices, effective from Thursday, October 6, following a sharp cut on September 27. NALCO’s aluminium ingot price has witnessed a surge of INR 19,800 per tonne to stand at INR...
Hindalco Industries Limited has further expanded its aluminium ingot and aluminium products prices on Friday, October 7, following a hike two days ago (October 5). The company has continued to raise its aluminium ingot price by INR 9,000 per tonne or 4.26 per cent after increasing it significantly...
Hindalco Industries’ aluminium products and aluminium ingot prices built up sharply by INR 14,750 per tonne or 7.07 per cent on Friday, September 30. That brought the company’s aluminium wire rod price to INR 223,350 per tonne versus INR 208,600 per tonne on September 28. Hindalco’s aluminium...
National Aluminium Company has axed its aluminium ingot and aluminium products prices, with effect from September 27, following a cut of INR 2,500 per tonne ten days ago. NALCO’s aluminium ingot price has seen a slash of INR 7,300 per tonne to come in at INR 203,450-206,950 per tonne versus INR...
Vedanta Limited has further decreased its aluminium ingot and aluminium products prices, effective from Wednesday September 28, after the previous cut on September 24. The company’s aluminium ingot price has witnessed a decline of INR 3,000 per tonne to INR 199,750- 229,250 per tonne versus INR...
On Thursday, September 29, the average alumina spot price in China descended by RMB 17 per tonne to settle at RMB 2,852 per tonne. The prices in Shanxi and Guangxi dropped by RMB 20 per tonne to peg at RMB 2,795 per tonne and RMB 2,820 per tonne on the same day. In Henan, the price witnessed a cut...
Hindalco Industries Limited has reduced its aluminium ingot and aluminium products prices for the second time in a row, effective from Wednesday, September 28. The last cut the company’s ingot and products prices saw was on September 24 by INR 3,250 per tonne. On September 28, Hindalco has cut its...
A00 aluminium ingot price has nosedived by RMB 310 per tonne to close at RMB 17,960 per tonne, as the Shanghai Metals Market recorded on Wednesday, September 28. The average prices are expected to range between RMB 17,940 per tonne and RMB 17,980 per tonne, with spot contracts trading at discount...
Vedanta Limited reduced its aluminium ingot and aluminium products prices, with effect from Saturday, September 24, following a rise of INR 2,500 per tonne on the previous day. Vedanta’s aluminium wire rod price saw a cut of INR 3,250 per tonne on September 24 to stand at INR 210,250- 217,750 per...
On Tuesday, September 27, the A00 aluminium ingot price in China slumped by RMB 200 per tonne to settle at RMB 18,270 per tonne, with the average prices ranging between RMB 18,250 per tonne and RMB 18,290 per tonne. The spot contract price is expected to be traded at a discount price of RMB 60 to...
National Aluminium Company Limited's (NALCO) aluminium ingot and aluminium products prices fell after being cut by INR 2,500 per tonne, with effect from September 17. NALCO’s aluminium ingot price is currently ranging between INR 210,750-214250 per tonne since September 17 versus INR 213,250-...
The average alumina spot price in China has decreased for the sixth day in a row by RMB 12 per tonne to stand at RMB 2,881 per tonne on Monday, September 26. Over a week, the price has dwindled by RMB 40 per tonne from RMB 2,921 per tonne, found the Shanghai Metals Market. The decline in domestic...
Hindalco Industries Limited increased its aluminium ingot and aluminium products prices on Friday, September 23, followed by a cut on the previous day. The company added INR 2,500 per tonne to its aluminium ingot price to sell the product at INR 203,750 per tonne versus INR 201,250 per tonne on...
