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’s aluminium wire rod & billet prices escalate by INR2750/t with effect from May 24
Vedanta Limited continued to increase its aluminium products and aluminium ingot prices by INR 2,750 per tonne or 1 per cent, marking the fifth consecutive hike. With effect from Tuesday, May 24, Vedanta’s aluminium wire rod price grew to INR 271,750 – 279,250 per tonne from INR 269,000 – 276,500...
Hindalco’s aluminium billets price continues to upswing by 2.89% w.e.f. May 21
Hindalco Industries Limited further raised its aluminium products and aluminium ingot prices on Saturday, May 21, for the second time in a week. A previous hike was on May 18 when Hindalco expnded its aluminium billets price by INR 10,500 per tonne to INR 268,100 per tonne. Three days later,...
China’s alumina spot price falls successively by RMB7/t; A00 aluminium ingot price on boost recording RMB20840/t
The average alumina spot price has dropped for the fourth day in a row by RMB 7 per tonne to come in at RMB 3,000 per tonne as of Monday, May 23, found the Shanghai Metals Market. The alumina price in Lianyungang and Bayuquan has decreased by RMB 50 per tonne to record at RMB 3,050 per tonne and...
NALCO’s aluminium ingot price sees a sharp rise of more than 6% to INR255850 – 259350/t
After more than a week, National Aluminium Company Limited (NALCO) has revised its aluminium selling prices in accordance with the LME aluminium benchmark price trend. As the LME price has been on an upswing spree, NALCO has decided to expand its aluminium ingot and aluminium products prices. So,...
China’s A00 aluminium ingot price closes the week higher at RMB20770/t; Alumina price drops by RMB3/t
A00 aluminium ingot price has increased by RMB 260 per tonne to come in at RMB 20,770 per tonne on Friday, May 20, marking the third consecutive day of rise, found the Shanghai Metals Market (SMM). The average prices are estimated to range between RMB 20,750 per tonne and RMB 20,790 per tonne, with...
Vedanta’s aluminium ingot price mounts to INR253,750 – 289,450/t as LME price continues to rally
Vedanta Limited has continued to expand its aluminium ingot and aluminium products prices as the LME aluminium benchmark price records an interrupted growth. With effect from Wednesday, May 18, Vedanta has raised its aluminium ingot price by INR 4,750 per tonne or 1.9 per cent to INR 253,750 –...
China’s A00 aluminium ingot price augments by RMB110/t to RMB20510/t; Aluminium alloy (A356) price surges by RMB100/t
On May 19, A00 aluminium ingot price in China has shot up by RMB 110 per tonne to close at RMB 20,510 per tonne, finds SMM. The average price is expected to orbit between RMB 20,490 per tonne and RMB 20,530 per tonne, with spot contract to be traded at a discount price of -20 per tonne and premium...
Hindalco raises its aluminium wire rod & billets prices by INR10500/t with effect from May 18
Hindalco Industries Limited has continued to increase its aluminium products and aluminium ingot prices as the global aluminium benchmark price on the London Metal Exchange rallies back-to-back. With effect from Wednesday, May 18, Hindalco’s aluminium wire rod price has experienced a sharp rise of...
Alumina price drops by RMB2/t after a restraint; A00 aluminium ingot price extends decline to RMB20400/t
According to the Shanghai Metals Market, the average alumina spot price in China has slipped by RMB 2 per tonne to settle at RMB 3,012 per tonne on Wednesday, May 18, following a restraint on the previous day. In Shanxi, the alumina price has dropped by RMB 5 per tonne to settle at RMB 2,955 per...
Vedanta expands its aluminium billet price by INR5750/t in response to LME aluminium price rally for supply shortage in Europe
Vedanta Limited has further raised its aluminium products and aluminium ingot prices, with effect from Tuesday, May 17, in response to back-to-back LME aluminium price hike this week. As per the revised prices revealed, Vedanta has expanded its aluminium billet price by INR 5,750 per tonne or 2.29...
China’s A00 aluminium ingot price declines by RMB90/t; High purity aluminium price also loses RMB100/t
A00 aluminium ingot price has again decreased on alternate day by RMB 90 per tonne to stand at RMB 20,420 per tonne, as recorded by the Shanghai Metals Market on Tuesday, May 17. The average prices are estimated to range between RMB 20,400 per tonne and RMB 20,440 per tonne, with spot contracts to...
Hindalco expands its aluminium ingot price for three days in a row by INR2250/t on May 14
Hindalco Industries Limited raised its aluminium ingot and aluminium products prices for the third day in a row, with effect from Saturday, May 14. As per the revised prices, the company’s aluminium ingot price saw a rise of INR 2,250 per tonne or 1 per cent to INR 243,500 per tonne. On Friday, May...
Vedanta’s aluminium ingot price gains INR2000/t with effect from Saturday, May 14
Vedanta Limited has increased its aluminium ingot and aluminium products prices, with effect from Saturday, May 14, as the LME aluminium benchmark price regained by US$35 per tonne on Friday, May 13. On Thursday, Vedanta’s aluminium prices were slashed by INR 3,000 per tonne in response to the LME...
Hindalco raises its aluminium products prices by INR4750/t in response to intermittent LME price rise
Hindalco Industries Limited has finally raised its aluminium ingot and aluminium products prices, with effect from Thursday, May 12, after more than two weeks of back-to-back cuts for the LME aluminium price fall. Now, the company is selling its aluminium billets price at INR 258,600 per tonne...
China’s A00 aluminium ingot price slumps for the second day by RMB160/t; aluminium alloy(A356) price decreases by RMB150/t
A00 aluminium price in China has declined by RMB 160 per tonne on Friday, May 13, to settle at RMB 20,110 per tonne, according to the data collected from the Shanghai Metals Market. The average aluminium prices are expected to range between RMB 20,090 per tonne and RMB 20,130 per tonne, while spot...
Operation resumption at aluminium enterprises further lifts A00 aluminium ingot price by RMB150/t; caustic soda price gains RMB15/t
A00 aluminium ingot price in China has extended growth by RMB 150 per tonne on Thursday, May 12, to stand at RMB 20,270 per tonne, found the Shanghai Metals Market. The average prices are estimated to range between RMB 20,250 per tonne and RMB 20,290 per tonne, with spot contract to be traded at a...
NALCO’s aluminium ingot price axed by INR27200/t on May 11 in line with LME price fall to the lowest this year
National Aluminium Company Limited has sharply axed its aluminium ingot and aluminium products prices for the third consecutive time since April 28, in response to the continued downfall in the LME aluminium benchmark price for over a week. More so, on Tuesday, May 10, the LME aluminium benchmark...
Hindalco Industries back-to-back cuts aluminium ingot price by INR2500/t as LME records 5-month low
Hindalco Industries Limited has further trimmed its aluminium ingot and aluminium products prices, following a major cut on the preceding day, May 10. As per the revised prices revealed on May 11, Hindalco has cut its aluminium ingot price by INR 2,500 per tonne to INR 239,750 per tonne. On...
