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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Hindalco’s aluminium wire rod price slumps by INR1250/t on June 21 in response to LME price fall
Hindalco Industries Limited has revised its aluminium products and aluminium ingot prices this week, which as per the data has drifted lower after back-to-back cuts on June 17 and June 18. As of June 21, Hindalco has slashed its aluminium wire rod price by INR 1,250 per tonne or 0.52 per cent to...
China’s A00 aluminium ingot price shoots up by RMB140/t to RMB19860/t; Aluminium alloy (A356) price escalates by RMB150/t
A00 aluminium ingot price has heightened by RMB 140 per tonne to settle at RMB 19,860 per tonne on Tuesday, June 21, following two consecutive declines from RMB 20,160 per tonne to RMB 19,720 per tonne, found the Shanghai Metals Market (SMM). The average prices are estimated to range between RMB...
China’s A00 aluminium ingot price plummets by RMB190/t ; Low carbon aluminium price drops by RMB210/t
A00 aluminium ingot price in China has plunged by RMB 190 per tonne to score at RMB 19,720 per tonne as of Monday, June 20. As per the SMM data, the average prices are expected to range between RMB 19,700 per tonne and RMB 19,740 per tonne, with spot contract to be traded at a premium price of RMB...
Hindalco’s aluminium ingot price sees a back-to-back cut to stand at INR227,000/t on June 17
On June 17, Hindalco Industries Limited further declined its aluminium ingot and aluminium products prices by INR 7,750 per tonne or 3.30 per cent. That brought the company’s aluminium ingot price to INR 227,000 per tonne from INR 234,750 per tonne on June 14. As per the data revealed by the...
Vedanta’s aluminium billet and wire rod prices slump by 3% on June 17 as LME price falls to the edge of US$2500/t
Vedanta Limited cuts its aluminium products and aluminium ingot prices, with effect from Friday, June 17, marking the third consecutive fall of prices since June 11. The company’s aluminium billet price has seen a deduction of INR 7,750 per tonne or 3.18 per cent to INR 235,750 per tonne as of June...
NALCO repeats the cut of INR10300/t from its aluminium ingot & products prices with effect from June 16
National Aluminium Company Limited (NALCO) has again slashed INR 10,300 per tonne like last week from its aluminium ingot and aluminium products prices, marking the third consecutive cut since May 28. With effect from June 16, NALCO’s aluminium ingot price came in at INR 233,650-237150 per tonne...
China’s A00 aluminium ingot price plunges by RMB250/t to close the week below RMB20,000/t; Bauxite price drops by RMB2.50/t
A00 aluminium ingot price in China has declined by RMB 250 per tonne to close the week, ending June 17, lower than RMB 20,000 per tonne. According to the Shanghai Metals Market, the price has precisely settled at RMB 19,910 per tonne, with average prices estimated to range between RMB 19,890 per...
Germany’s aluminium alloy ingot imports during 2019-21 excel in volume and cost; a marginal growth of 0.6% is estimated for 2022
Germany is known as the home of Automotive Engineering. Aluminium alloy ingots are extensively used in the sand casting process for making critical components of various Engineering and Automotive Industries. Popular components like Aluminium alloy wheels of cars and the oil sump of auto engines...
China’s A00 aluminium ingot price further escalates to RMB 20160/t; Aluminium powder price inches up by RMB0.10/kg
A00 aluminium ingot price in China has extended its rise for the second day in a row by RMB 90 per tonne to RMB 20,160 per tonne, found the Shanghai Metals Market. The average prices are expected to range between RMB 20,140 per tonne and RMB 20,180 per tonne, with spot contract to be traded at a...
Hindalco Industries continues to trim aluminium ingot & products prices significantly by 3% w.e.f. June 14
Hindalco Industries Limited continued to trim its aluminium ingot and aluminium products prices in line with the downtrend price on the London Metal Exchange. With effect from June 14, Hindalco slashed its aluminium ingot price by INR 8,000 per tonne or 3.3 per cent to INR 234,750 per tonne. On...
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China’s A00 aluminium ingot price hikes by RMB150/t; Australian alumina FOB price moves up by US$6/t
On Wednesday, June 15, the A00 aluminium ingot price in China halted at RMB 20,070 per tonne, after witnessing a hike of RMB 150 per tonne. As per the SMM data, the average price is expected to stand between RMB 20,050 per tonne and RMB 20,090 per tonne, with spot contract to be traded at a premium...
Vedanta Ltd further deducts INR8000/t from its aluminium ingot price as LME price plunges to 6-month low
Vedanta Limited has more significantly reduced its aluminium ingot and aluminium products selling prices, with effect from June 14, in response to the LME aluminium price plunge for the third consecutive day. Vedanta has notified a cut of INR 8,000 per tonne or 3 per cent on its aluminium ingot to...
Alumina price slips by RMB3/t to RMB2957/t; A00 aluminium ingot price loses RMB180/t
The average alumina spot price in China has stopped at RMB 2,957 per tonne, declining by RMB 3 per tonne, on Tuesday, June 14, as the SMM data shows. The alumina price in Henan has dropped by RMB 10 per tonne to halt at RMB 3,020 per tonne. In Guizhou, the alumina price has marked the highest...
Hindalco’s aluminium ingot price experiences a cut of INR5500/t with effect from June 11
Hindalco Industries Limited narrowed down its aluminium ingot and aluminium products prices, with effect from Saturday, June 11, following a hike on June 9. Hindalco’s aluminium ingot price came in at INR 242,750 per tonne, seeing a cut of INR 5,500 per or 2.22 per cent from INR 248,250 per tonne....
A00 aluminium ingot price in China opens the week with a plunge of RMB400/t; Average alumina spot price slips by RMB4/t
On Monday, June 13, A00 aluminium ingot price in China halted at RMB 20,100 per tonne, falling sharply by RMB 400 per tonne, as shown in the SMM data. The average price is expected to hover between RMB 20,080 per tonne and RMB 20,120 per tonne, with spot contract to be traded at a discount price of...
Vedanta’s aluminium ingot price suffers a loss of INR5500/t on June 11
Vedanta Limited has reduced its aluminium ingot and aluminium products prices by INR 5,500 per tonne or 2 per cent, with effect from Saturday, June 11, following a hike on June 9. That has brought the company’s aluminium ingot price to INR 242,500-275,500 per tonne versus INR 248,000-281,000 per...
China’s primary aluminium inventories suffer W-o-W decline of 29000 tonnes; situation to retrieve with improved transportation
As recorded by the Shanghai Metals Market, China’s social inventories of primary aluminium witnessed a downfall on Friday, June 9, across eight primary consumption areas. According to the data provided by SMM, the aluminium ingot inventory fell sharply by 29,000 tonnes week-on-week compared with...
Hindalco’s aluminium ingot price uptrends by 1.74% to INR248,250/t with effect from June 9
On Thursday, June 9, Hindalco Industries Limited’s aluminium ingot and aluminium products prices trended up by INR 4,250 per tonne or 1.74 per cent. That brought the company’s aluminium ingot price to INR 248,250 per tonne from INR 244,000 per tonne on June 8. As per the data revealed by the...
