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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Vedanta Limited has again reduced its aluminium ingot and aluminium products prices, with effect from Wednesday, September 7, following an intermittent raise on September 3. With the latest cut, the company’s aluminium ingot price has come in at INR 209,250- 238,750 per tonne, down by INR 4,000 per...
Hindalco Industries Limited has continued to reduce its aluminium products and aluminium ingot prices, with effect from Wednesday, September 7, in response to the relentless downfall of the LME aluminium benchmark price. Hindalco has cut its aluminium billets price by INR 2,500 per tonnes or 1.12...
On Wednesday, September 7, the A00 aluminium ingot price in China reflected no change to settle at RMB 18,400 per tonne, with the average prices ranging between RMB 18,380 per tonne and RMB 18,420 per tonne and the spot contract price expected to be traded at a discount price of RMB 60 per tonne to...
Vedanta Limited has slightly stretched its aluminium products and aluminium ingot prices, with effect from September 3, following a slash on the day before. As per the revised price list revealed by Vedanta, the company’s aluminium wire rod price has come in at INR 220,750-228,250 per tonne, up by...
A00 aluminium ingot price has dropped RMB 20 per tonne to close at RMB 18,400 per tonne, as the Shanghai Metals Market recorded on Tuesday, September 6. The average prices are expected to range between RMB 18,380 per tonne and RMB 18,400 per tonne, with spot contracts trading at discount prices of...
A00 aluminium ingot price in China has hiked by RMB 310 per tonne to settle at RMB 18,420 per tonne. The average price for the same is expected to range between RMB 18,400 per tonne and RMB 18,440 per tonne, with spot contracts to be traded at a discount price of RMB 50 to RMB 10 per tonne. The A00...
Vedanta Limited further reduced its aluminium ingot and aluminium products prices on September 2, in line with the continued downfall of the global aluminium price on LME. As per the revised price list shared by the company, Vedanta cut its aluminium ingot price by INR 6,250 per tonne to INR...
Hindalco Industries Limited has continued to significantly cut its aluminium products and aluminium ingot prices for the second consecutive day, with effect from Friday, September 2. The company has reduced its aluminium wire rod price by INR 14,000 per tonne or 5.96 per cent to INR 220,850 per...
Vedanta Limited has continued to cut its aluminium products and aluminium ingot prices, with effect from Thursday, September 1, for the second day in a row. The company has cut its aluminium wire rod price by INR 3,250 per tonne to sell the product at INR 225,750-233,250 per tonne. On September 31,...
A00 aluminium ingot price in China has gone down by RMB 90 per tonne to settle at RMB 18,350 per tonne. The average price for the same is expected to range between RMB 18,330 per tonne and RMB 18,370 per tonne, with spot contracts to be traded at a discount price of RMB 60 to RMB 20 per tonne. On...
Hindalco Industries Limited has slashed its aluminium ingot and aluminium products prices, with effect from Wednesday, August 31, in line with a startling fall of the LME aluminium benchmark price. As per the price update, Hindalco’s aluminium ingot has witnessed a sharp price cut of INR 8,000 per...
A00 aluminium ingot price in China has plunged by RMB 120 per tonne on August 31, Tuesday. According to the Shanghai Metals Market, the price has accurately settled at RMB 18,440 per tonne, with average prices estimated to range between RMB 18,420 per tonne and RMB 18,460 per tonne and spot...
Social inventories of aluminium ingot across eight major Chinese consumption areas, including SHFE warrants, grew by 3,000 tonnes over the weekend to stand at 682,000 tonnes as of Monday, August 29, found the Shanghai Metals Market. But week-on-week, the inventories stood 1,000 tonnes lower than...
Beck Aluminum, a global pioneer in selling aluminium worldwide, joined Aluminium Stewardship Initiative (ASI) as a General Supporter member. Through its network of authorised suppliers, Beck Aluminum offers aluminium ingot and RSI products of the highest calibre at cost-effective prices throughout...
On Tuesday, August 30, China’s A00 aluminium ingot price dropped by RMB 400 per tonne to settle at RMB 18,560 per tonne. The average price for the same is expected to range between RMB 18,540 per tonne and RMB 18,580 per tonne, with spot contracts to be traded at a discount price of RMB 60 to RMB...
Vedanta Limited continued to expand its aluminium products and aluminium ingot prices on Saturday, August 27. The company hiked its aluminium wire rod price by INR 4,750 per tonne or 2 per cent to INR 237,250- 244,750 per tonne. On August 26, the price stood at INR 232,500- 240,000 per tonne,...
A00 aluminium ingot price has faced an RMB 100 per tonne expansion to close at RMB 18,960 per tonne, as recorded by the Shanghai Metals Market on Monday, August 29. The average prices are expected to range between RMB 18,940 per tonne and RMB 18,980 per tonne, with spot contracts trading at a...
Hindalco Industries Limited has added on INR 2,000 per tonne to its aluminium ingot and aluminium products prices, with effect from Friday, August 26. This brings the company’s aluminium wire rod price to INR 238,350 per tonne, compared with INR 236,350 per tonne on August 25. Hindalco’s aluminium...
