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, primary aluminium inventories in China witnessed a decrease of 9,000 tonnes week-on-week across eight major consumption areas, including SHFE warrants. Therefore, on Thursday, September 22, the inventories totalled 666,000 tonnes, which in comparison with...
On Friday, September 23, the A00 aluminium ingot price went up by RMB 50 per tonne to settle at RMB 18,710 per tonne. The average price for the same is expected to range between RMB 18,690 per tonne and RMB 18,730 per tonne, with spot contracts to be traded at a discount price of RMB 70 to RMB 30...
Vedanta Limited has added INR 1,250 per tonne to its aluminium ingot and aluminium products prices, with effect from Wednesday, September 21. That followed a cut of INR 3,250 per tonne on Tuesday, September 20. On September 21, Vedanta’s aluminium ingot price has come in at INR 207,500- 237,000 per...
On Wednesday, September 21, A00 aluminium ingot price in China slumped by RMB 140 per tonne to halt at RMB 18,550 per tonne, with the average prices ranging between RMB 18,530 per tonne and RMB 18,570 per tonne. The spot contract price is expected to be traded at a discount price of RMB 70 to RMB...
Hindalco Industries Limited has reduced its aluminium products and aluminium ingot prices, with effect from Tuesday, September 20. That followed a raise of INR 3,750 per tonne on the previous day, September 16. On September 20, Hindalco deducted its aluminium billets price by INR 3,000 per tonne to...
Social inventories of aluminium ingot across China’s eight major consumption areas, including SHFE warrants, grew by 10,000 tonnes over the weekend ended Monday, September 19, to stand at 685,000 tonnes, found the Shanghai Metals Market. But compared to the previous Monday, September 12, the...
A00 aluminium ingot price has slumped by RMB 80 per tonne to close at RMB 18,690 per tonne, as the Shanghai Metals Market recorded on Tuesday, September 20. The average prices are expected to range between RMB 18,670 per tonne and RMB 18,710 per tonne, with spot contracts trading at discount prices...
Vedanta Limited increased its aluminium products and aluminium ingot prices on Friday, September 16, following an intermittent fall on the previous day. According to the revised price chart revealed by Vedanta, the company’s aluminium wire rod price saw a hike of INR 3,750 per tonne to stand at INR...
On Friday, September 16, A00 aluminium ingot price in China went up by RMB 80 per tonne to settle at RMB 18,870 per tonne. The average price for the same is expected to range between RMB 18,850 per tonne and RMB 18,890 per tonne, with spot contracts to be traded at a discount price of RMB 70 to RMB...
National Aluminium Company Limited (NALCO) has increased its aluminium ingot and aluminium products prices, with effect from Wednesday, September 14, following a sharp cut last week, September 9. NALCO’s aluminium ingot price has gained INR 3,100 per tonne from the earlier time to stand at INR...
Hindalco Industries Limited has slashed its aluminium products and aluminium ingot prices, with effect from Thursday, September 15, following a raise on September 10. Hindalco’s aluminium wire rod price has been reduced by INR 4,750 per tonne or 2.17 per cent to sell the product at INR 214,600 per...
On Thursday, September 15, the A00 aluminium ingot price in China hiked by RMB 160 per tonne to settle at RMB 18,790 per tonne, with the average prices ranging between RMB 18,770 per tonne and RMB 18,810 per tonne. The spot contract price is expected to be traded at a discount price of RMB 20 per...
A00 aluminium ingot price has plunged by RMB 80 per tonne to halt at RMB 18,630 per tonne, as the Shanghai Metals Market recorded on Wednesday, September 14. The average prices are expected to range between RMB 18,610 per tonne and RMB 18,650 per tonne, with spot contracts trading at discount...
Vedanta Limited back-to-back increased its aluminium ingot and aluminium products prices, with effect from Saturday, September 10. The company expanded its aluminium ingot price by INR 2,000 per tonne or 1 per cent to INR 210,500-240,000 per tonne. On September 9, the price stood at INR...
On Tuesday, September 13, the A00 aluminium ingot price in China went down by RMB 90 per tonne to settle at RMB 18,710 per tonne, with the average prices ranging between RMB 18,690 per tonne and RMB 18,730 per tonne. The spot contract will likely be traded at a discount price of RMB 60 to RMB 20...
According to the Shanghai Metals Market, primary aluminium inventories in China witnessed a decrease of 11,000 tonnes week-on-week across eight major consumption areas, including SHFE warrants. Therefore, on Thursday, September 8, the inventories totalled 672,000 tonnes, which in comparison with...
After two weeks of price hike on August 26, National Aluminium Company Limited’s (NALCO) both aluminium ingot and aluminium products prices have seen a sharp cut, with effect from Friday, September 9. NALCO has axed its aluminium ingot price by INR 15,900 per tonne or 7 per cent to INR 210,150-...
A00 aluminium ingot price in China soared up by RMB 340 per tonne to settle at RMB18,800 per tonne. The average price for the same is likely to orbit between RMB 18,780 per tonne and RMB 18,820 per tonne, with spot contracts to be traded at a discount price of RMB 80 to RMB 40 per tonne. The...
