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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NALCO deducts INR10300/t from aluminium ingot price bringing the selling price to INR243,950- 247,450/t on June 8
National Aluminium Company Limited has continued to reduce its aluminium ingot and aluminium products prices, with effect from Wednesday, June 8, following the previous cut on May 28. As per the revised prices revealed by NALCO, the company has deducted INR 10,300 per tonne from its previous...
A00 aluminium ingot price in China drops RMB20/t twice this week; Bauxite price marks RMB2.5/t rise
China’s A00 aluminium ingot price falls for two days in a row by RMB 20 per tonne to stand at RMB 20,800 per tonne, as recorded by the Shanghai Metals Market on Wednesday, June 8. The average prices are supposed to range between RMB 20,780 per tonne and RMB 20,820 per tonne, with spot contracts...
Vedanta’s aluminium wire rod price sees a hike of INR3750/t or 1.5% on June 7
Vedanta Limited further expanded its aluminium products and aluminium ingot prices, with effect from Tuesday, June 7. The company’s wire rod price saw a hike of INR 3,750 per tonne or 1.5 per cent on Tuesday to come in at INR 253,500-261,000 per tonne. On June 5, Vedanta’s aluminium wire rod price...
China’s A00 aluminium ingot price stoops down by RMB20/t to RMB20820/t; Alumina price dips by RMB1/t
A00 aluminium ingot price has dropped by RMB 20 per tonne to settle at RMB 20,820 per tonne on Tuesday, June 7, after a day of sizeable price rise, as noted by the Shanghai Metals Market (SMM). The average price of aluminium ingots are estimated to range between RMB 20,800 per tonne and RMB 20,840...
Hindalco up its aluminium wire rod price cut rate to 3.8% on June 2
Hindalco Industries Limited’s aluminium products and aluminium ingot prices saw back-to-back cuts in past two days on June 1 and June 2. As per the data revealed by the company, Hindalco’s aluminium wire rod price underwent a slash of INR 10,000 per tonne or 3.79 per cent on June 2 to total INR...
NALCO reduces aluminium ingot price by INR4800/t or 2% with effect from May 28
National Aluminium Company Limited reduced its aluminium ingot and aluminium products prices, with effect from Saturday, May 28, following two hikes on May 19 and May 25. Since the last cut, NALCO’s aluminium ingot price has come in at INR 254,250 – 257,750 per tonne, down by INR 4,800 per tonne or...
China’s A00 aluminium ingot price escalates by RMB350/t to US$20,540/t; Imported alumina price shrinks by US$5/t
A00 aluminium ingot price in China has gained RMB 350 per tonne, following a sharp decline of RMB 570 per tonne on the previous day. According to the Shanghai Metals Market data, the price has come in at RMB 20,540 per tonne as of June 2, with average prices estimated to range between RMB 20,520...
China’s A00 aluminium ingot price crash-lands on RMB20190/t with RMB570/t cut; High purity aluminium prices loose RMB600/t
A00 aluminium ingot price has plummeted by RMB 570 per tonne to stand at RMB 20,190 per tonne, as recorded by the Shanghai Metals Market on Wednesday, June 1. The average prices are estimated to range between RMB 20,170 per tonne and RMB 20,210 per tonne, with spot contracts trading at a discount...
Vedanta heightens its aluminium ingot price by INR2750/t or 1% with effect from May 31
Vedanta Limited expanded its aluminium ingot and aluminium products prices, with effect from Tuesday, May 31, following a cut last week on May 26. The company heightened its aluminium ingot price by INR 2,750 per tonne or 1 per cent to the range of INR 255,500 – 291,200 per tonne versus INR...
Hindalco’s aluminium wire rod and billets prices escalate by INR2750/t after back-to-back cuts
Hindalco Industries Limited has revised its aluminium products and aluminium ingot prices this week, which, as per the data, has been ascended after back-to-back cuts on May 25 and May 26. With effect from May 31, Hindalco has increased its aluminium wire rod price by INR 2,750 per tonne to INR...
Alumina spot price in China dips by RMB2/t to RMB2987/t; A00 aluminium ingot price inches up by RMB10/t
China's average alumina spot price has continued to fall for the second day in a row, although at a lower rate than the previous day. According to the Shanghai Metals Market data, the price has dipped by RMB 2 per tonne to stand at RMB 2,987 per tonne on Tuesday, May 31. In Guizhou and Guangxi,...
China’s alumina price drops by RMB6/t to RMB2989/t; A00 aluminium ingot price falls by RMB50/t at the week’s start
The average alumina spot price in China has dived down by RMB 6 per tonne to rest at RMB 2,989 per tonne, and particularly in Shanxi, it has fallen by RMB 15 per tonne to halt at RMB 2,905 per tonne. A00 aluminium ingot price has dropped by RMB 50 per tonne to settle at RMB 20,750 per tonne on...
Hindalco back-to-back cuts its aluminium wire rod & billet prices by total INR11500/t
Hindalco Industries Limited slashed its aluminium products and aluminium ingot prices back-to-back this week, following incessant hikes since May 13. On May 25, Hindalco reduced its aluminium wire rod price by INR 6,750 per tonne to INR 268,850 per tonne and extended the cut by INR 4,750 per tonne...
China’s A00 aluminium ingot price closes the week higher at RMB20800/t; High purity aluminium prices hike RMB300/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...
NALCO’s aluminium ingot price builds up by INR3200/t with effect from May 25
National Aluminium Company Limited (NALCO) further increased its aluminium ingot and aluminium products prices, although at a much slower rate than the previous time, in tandem with the growth in the LME aluminium benchmark price during May 19-24. With effect from Wednesday, May 25, NALCO raised...
China’s A00 aluminium ingot price reduces to RMB20500/t with RMB30/t cut; Imported bauxite prices soar high
A00 aluminium ingot price has declined by RMB 30 per tonne to settle at RMB 20,500 per tonne on Thursday, May 26, dropping for the third day, as noted by the Shanghai Metals Market (SMM). The average prices are estimated to range between RMB 20,480 per tonne and RMB 20,520 per tonne, with spot...
MetalX buys SRT Aluminum in Wabash, expands operation in northeast Indiana
MetalX, a scrap metal recycler based in Fort Wayne, Indiana, has decided to buy SRT Aluminum’s assets and operations in Wabash, Indiana. As per MetalX, the Wabash factory produces 75,000 tonnes of sow and ingot each year using electric induction and reverb furnaces. As a result of this agreement,...
Hindalco’s aluminium ingot price further uptrends by 1% with effect from May 24
Hindalco Industries’ aluminium ingot and aluminium products prices further trended up by INR 2,750 per tonne or 1 per cent, with effect from Tuesday, May 25. That brought the company’s aluminium ingot price to INR 264,500 per tonne versus INR 261,750 per tonne on May 21. Hindalco’s aluminium wire...
