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 cuts aluminium wire rod & billet prices by 3% with effect from May 10
Vedanta Limited is continuing to cut its aluminium products and aluminium ingot prices in line with the incessant downfall of the LME aluminium benchmark price. On Tuesday, May 10, Vedanta slashed its aluminium wire rod price by INR 8,250 per tonne or 3.2 per cent to INR 249,750 - 257,250 per...
Hindalco increases its price cut rate to 3.25% bringing aluminium wire rod price to INR253350/t
Hindalco Industries Limited has continued to slash its aluminium products and aluminium ingot prices, with effect from May 10, 2022. This marks the seventh consecutive price cut by Hindalco since April 21. On May 10, Hindalco’s aluminium wire rod price has come in at INR 253,350 per tonne, down by...
A00 aluminium ingot price declines for the fourth day to RMB19640/t; imported bauxite price from Guinea grows by $2/t after over a month
A00 aluminium ingot price in China has decreased for the fourth day in a row by RMB 140 per tonne to stand at RMB 19,640 per tonne as of Tuesday, May 10, according to the Shanghai Metals Market data. The average prices are estimated to range between RMB 19,620 per tonne and RMB 19,660 per tonne,...
China’s A00 aluminium ingot price nosedives by RMB520/t; Aluminium alloy (A356) price plunges by RMB500/t
China’s A00 aluminium ingot price has closed at RMB 19,780 per tonne, after witnessing a plunge of RMB 520 per tonne. The average price for today is expected to range between RMB 19,760 per tonne and RMB 19,800 per tonne, with spot contract to be traded at a discount price of RMB -50 to RMB -10 per...
Vedanta Limited reduces aluminium wire rod price by 1% with effect from May 6
Vedanta Limited further reduced its aluminium products and aluminium ingot prices on May 6, in response to the LME aluminium benchmark price fall. The company cut its aluminium wire rod price by INR 2,250 per tonne to INR 263,000 – 270,500 per tonne versus INR 265,250 -272,750 per tonne on May 5....
Hindalco Industries’ aluminium ingot price declines by INR2250/t with effect from May 6
Hindalco Industries’ aluminium ingot and aluminium products prices again saw a cut on Friday, May 6, but at a lower rate compared to the previous day. According to the latest price list, the company reduced its aluminium ingot price by INR 2,250 per tonne or 0.87 per cent to INR 255,500 per tonne....
Hindalco’s aluminium billets price sees a fifth consecutive cut of INR9000/t with effect from May 5
Hindalco Industries Limited’s aluminium products and aluminium ingot prices continued to see a plunge on May 5 for the fifth consecutive time since April 21, 2022. As per the latest price list revealed by the company, aluminium billets price saw a cut of 3.2 per cent or INR 9,000 per tonne to come...
NALCO reduces its aluminium ingot price by INR5800/t with effect from May 1
National Aluminium Company Limited further reduced its aluminium ingot and aluminium products prices just after two days from the last cut. With effect from May 1, 2022, NALCO slashed its aluminium ingot price by INR 5,800 per tonne compared to the cut of INR 10,000 per tonne on April 28. Since,...
Vedanta’s aluminium wire rod & billet prices see a sharp downfall of INR10500/t with effect from May 4
Vedanta Limited further reduced its aluminium products and aluminium ingot prices, with effect from May 4, 2022, for the fifth consecutive time since April 23. According to the revised prices, Vedanta is currently selling its aluminium wire rod at INR 263,500-271,000 per tonne after cutting it by...
China’s alumina spot price gains RMB6/t after a week-long restraint; A00 aluminium ingot price shrinks to RMB20720/t
According to the Shanghai Metals Market, the average alumina spot price has increased by RMB 6 per tonne after remaining restrained at RMB 3,010 per tonne from April 22 to 29. Hence, as of May 5, the price is standing at RMB 3,016 per tonne. In Henan, alumina price has hiked by RMB 15 per tonne to...
Vedanta reduces its aluminium ingot price for the fourth time in a row by INR3000/t w.e.f. April 30
Vedanta Limited continued to reduce its aluminium ingot and aluminium products prices for the fourth time in a row since April 21. With effect from April 30, 2022, Vedanta cut its aluminium ingot price by INR 3,000 per tonne or 1.11 per cent to INR 266,500--302,200 per tonne. A day before, the...
Hindalco’s aluminium ingot price sees fourth consecutive cut by INR2750/t on April 30
Hindalco Industries Limited has further decreased its aluminium ingot and products prices, with effect from Saturday, April 30. This marks the fourth consecutive cut since April 21. As per the revised prices revealed, Hindalco has cut its aluminium ingot price by INR 2,750 per tonne or 1.02 per...
Vedanta cuts its aluminium ingot selling price by nearly 1% with effect from April 29
Vedanta Limited has further reduced its aluminium ingot and products prices, with effect from Friday, April 29, in line with back-to-back LME aluminium price drop. Vedanta has cut its aluminium ingot price by INR 2,500 per tonne or 0.9 per cent to INR 269,500-305,200 per tonne on April 29, while...
Hindalco trims its aluminium billets & wire rod prices by INR2500/t with effect from April 29
Hindalco Industries Limited has continued to reduce its aluminium products and ingot prices, with effect from April 29, albeit slower than the previous day. Hindalco has cut its aluminium billets price by INR 2,500 per tonne or 0.87 per cent to stand at INR 283,600 per tonne. On the last cut on...
NALCO’s aluminium ingot price sees a sharp cut of INR10000/t in line with LME price slump
National Aluminium Company Limited has slashed its aluminium ingot and aluminium products prices by INR 10,000 per tonne or 3.5 per cent on April 28, in line with the continued decrease in LME aluminium benchmark price since April 22. With the latest cut, NALCO’s aluminium ingot price has come in...
China’s A00 aluminium ingot price hikes to RMB 20850/t after four consecutive declines; Aluminium alloy prices gain RMB100/t
A00 aluminium ingot price in China has climbed up by RMB 120 per tonne, following four consecutive days of decline until April 27, found the Shanghai Metals Market. Data shows the hike has brought the ingot price at RMB 20,850 per tonne, with average prices estimated to range between RMB 20,830 per...
A00 aluminium ingot price in China slips by RMB10/t; Caustic soda price in Shandong drops by RMB30/t
On Wednesday, April 27, China’s A00 aluminium ingot price has closed at RMB 20,730 per tonne, after witnessing a decrease of RMB 10 per tonne. The average price for the same is expected to hover between RMB 20,710 per tonne and RMB 20,750 per tonne. For today the spot contract is likely to be...
Vedanta continues to reduce aluminium wire rod & billet prices by INR11250/t with effect from April 26
Vedanta Limited has continued to cut its aluminium products and aluminium ingot prices, with effect from Tuesday, April 26. The company has reduced its aluminium wire rod price significantly by INR 11,250 per tonne or 3.8 per cent to INR 279,500- 287,000 per tonne. The last cut on April 21 brought...
