Macro disturbances cap upside room, while destocking continues to support aluminium price stabilisation
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,...
Accelerated destocking of aluminium ingots lifts aluminium price centre, while peak-season performance is expected to cap upside room
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 trims aluminium wire rod & billet prices by INR1250/t with effect from July 30
Vedanta Limited trimmed its aluminium products and aluminium ingot prices, with effect from Saturday, July 30, in line with a drop at the end of last week, July 29. Vedanta cut its aluminium wire rod price by INR 1,250 per tonne from INR 233,500- 241,000 per tonne to INR 232,250- 239,750 per tonne....
A00 aluminium ingot price suffers a loss of RMB320/t after three hikes; but aluminium alloys(ADC12) price grows to RMB18350/t
A00 aluminium ingot price in China has plummeted by RMB 320 per tonne after three consecutive days of rally from RMB 17,840 per tonne to RMB 18,620 per tonne, found the Shanghai Metals Market. As of Monday, August 1, the primary aluminium ingot price has come in at RMB 18,300 per tonne, with...
Hindalco’s aluminium wire rod & billets prices see a hike of INR5500/t with effect from July 29
Hindalco’s aluminium ingot price and aluminium products prices have experienced a hike on Friday, July 29, after two downfalls on July 26 & 28. The price of the company’s aluminium wire rod price has come in at INR 239,350 per tonne, seeing an increase of INR 5,500 per tonne from the previous day....
China’s primary aluminium ingot inventory witnesses a W-o-W rise to 671,000 tonnes on July 28
According to the Shanghai Metals Market, primary aluminium inventories in China witnessed an augmentation of 3,000 tonnes week-on-week across eight major consumption areas, including SHFE warrants. Therefore, on Thursday, July 28, the inventories totalled 671,000 tonnes, which in comparison with...
Vedanta uplifts aluminium ingot price to INR226,000-257,500/t in line with LME aluminium price hike
Vedanta Limited has lifted its aluminium ingot and aluminium products prices, with effect from Friday, July 29, following a cut on the previous day, July 28. On Friday, Vedanta’s aluminium ingot price has come in at INR 226,000-257,500 per tonne, up by INR 5,250 per tonne or 2.38 per cent from the...
A00 aluminium ingot price in China augments by RMB260/t; Low carbon aluminium price grows by RMB250/t
On Friday, July 29, China’s A00 aluminium ingot price has augmented by RMB 260 per tonne to settle at RMB 18,620 per tonne. The average price for the same is expected to orbit between RMB 18,600 per tonne and RMB 18,640 per tonne, with spot contracts to be traded at a discount price of RMB 50 to...
China’s A00 aluminium ingot price shoots RMB330/t up the scale; Guinea Bauxite CIF price rises by US$2/t
A00 aluminium ingot price has seen a substantial hike of RMB 330 per tonne to begin the week at RMB 18,360 per tonne, as recorded by the Shanghai Metals Market on Thursday, July 28. The average prices are expected to range between RMB 18,340 per tonne and RMB 18,380 per tonne, with spot contracts...
China’s A00 aluminium ingot price augments by RMB190/t to RMB18,030/t; Australian alumina FOB price dips by US$2/t
On Wednesday, July 27, China’s A00 aluminium ingot price has heightened by RMB 190 per tonne to settle at RMB 18,030 per tonne. The average prices for the same is expected to range between RMB 18,010 per tonne and RMB 18,050, with spot contracts trading at a discount price of RMB 30 per tonne and a...
Hindalco’s aluminium ingot price suffers a loss of INR2500/t with effect from July 26
Hindalco Industries Limited has trimmed its aluminium ingot and aluminium products prices, with effect from July 26, after raising the prices on the previous day, July 23. Hindalco has cut INR 2,500 per tonne from INR 228,750 per tonne to sell the aluminium ingot price at INR 226,250 per tonne from...
Vedanta’s aluminium billet price sheds INR2750/t to stand at INR233000/t on July 26
Vedanta Limited has reduced its aluminium products and aluminium ingot prices by INR 2,750 per tonne, with effect from Tuesday, July 26, following an increase by the same amount on July 23. Vedanta’s aluminium billet price has come in at INR 233,000 per tonne, as against INR 235,750 per tonne on...
China’s A00 aluminium ingot price reports no change today at RMB17840/t; Low carbon aluminium price rose RMB3/t
A00 aluminium ingot price has witnessed no alteration today, remaining stoic at RMB 17,840 per tonne, as recorded by the Shanghai Metals Market on Tuesday, July 26. The average prices ranged between RMB 17,820 per tonne and RMB 17,860 per tonne, with spot contracts trading at a discount price of...
Hindalco’s aluminium ingot price recovers INR2750/t on July 23 to stand at INR228750/t
On Saturday, July 23, Hindalco’s aluminium products prices, as well as aluminium ingot price saw a rise of INR 2,750 per tonne or 1.12 per cent, following a cut of the same amount on the previous day. Thus, Hindalco’s aluminium ingot price rebounded to INR 228,750 per tonne, with effect from July...
Vedanta’s aluminium wire rod & billet prices build-up by INR2750/t on July 23
Vedanta Limited’s aluminium products and aluminium ingot prices rebounded on Saturday, July 23, following a cut on the previous day. With effect from Saturday, Vedanta’s aluminium wire rod price has increased by INR 2,750 per tonne to come in at INR 234,250-241,750 per tonne. On July 22, the price...
China’s A00 aluminium ingot price opens the week with a drop of RMB150/t; Low carbon aluminium price falls by RMB172/t
China’s A00 aluminium ingot price opened the week on Monday, July 25, with a drop of RMB 150 per tonne, after witnessing a hike on Friday, July 22. As per the SMM data, the price for July 25 closed at RMB 17,840 per tonne, with average prices expected to range between RMB 17,820 per tonne and RMB...
China’s primary aluminium ingot inventory plunges W-o-W to 668,000 on July 21
According to the Shanghai Metals Market, primary aluminium inventories in China witnessed a steep downfall of 29,000 tonnes week-on-week across eight major consumption areas, including SHFE warrants. Therefore, on Thursday, July 21, the inventories totalled 668,000 tonnes, which in comparison with...
NALCO escalates its aluminium ingot price by INR11300/t with effect from July 21
National Aluminium Company Limited has escalated its aluminium ingot and aluminium products prices by INR 11,300 per tonne or 2.6 per cent, since the last cut on July 15. With effect from Thursday, July 21, NALCO’s aluminium ingot price has come in at INR 227,650-231,150 per tonne versus INR...
Hindalco heightens its aluminium wire rod & billets prices for the third day by INR4000/t w.e.f. July 21
Hindalco Industries Limited has expanded its aluminium products and aluminium ingot prices for the third day in a row, with effect from Thursday, July 21. The company has increased its aluminium wire rod price by INR 4,000 per tonne to INR 239,850 per tonne as of July 21. On the previous day, the...
Vedanta’s aluminium ingot price sees a back-to-back rise to INR222,750-254,250/t on July 20
Vedanta Limited has expanded its aluminium ingot and aluminium products prices for the second day in a row, with effect from Wednesday, July 20. Vedanta’s aluminium ingot price has witnessed an increase of INR 3,250 per tonne to INR 222,750-254,250 per tonne on July 20. On July 19, the price stood...
