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 sharply cuts its aluminium wire rod price by INR11250/t in line with LME’s plunge by US$172/t
Hindalco Industries Limited has sharply cut its aluminium products and aluminium ingot prices, with effect from Tuesday, April 26, in line with the two back-to-back declines in LME aluminium benchmark price. Hindalco has slashed its aluminium wire rod price by INR 11,250 per tonne to sell the...
A00 aluminium ingot price in China falls by RMB850/t; Australian alumina FOB price inches down by US$1/t
On March 25, Monday, China’s A00 aluminium ingot price has settled at RMB 20,950 per tonne after witnessing a drop of RMB 850 per tonne, found the Shanghai Metals Market. The average price for the same day is expected to orbit between RMB 20,930 per tonne and RMB 20,970 per tonne, with spot...
Hindalco’s aluminium billets price slips by INR5500/t on April 21 after an intermittent rise
Hindalco Industries Limited again cut its aluminium products and aluminium ingot prices, with effect from Thursday, April 21, following an intermittent hike on the previous day. On April 21, the company reduced its aluminium billets price by INR 5,500 per tonne or 1.82 per cent to sell the product...
Vedanta slashes its aluminium ingot price by INR5500/t with effect from April 21
Vedanta Limited cut its aluminium ingot and aluminium products prices, with effect from Thursday April 21, soon after it raised the prices on the previous day. With effect from April 21, the company reduced its aluminium ingot price by INR 5,500 per tonne or 1.90 per cent to INR 283,250-330,750 per...
China’s primary aluminium inventories continue to fall by 42000 tonnes W-o-W as purchase recovers after pandemic
According to the Shanghai Metals Market, social inventories of primary aluminium in China continued to record week-on-week fall since the last drop of 3,000 tonnes on the previous Thursday, April 14. But compared to the prior week, the inventories fell extensively this Thursday by 42,000 tonnes...
NALCO grows aluminium ingot price by INR2100/t on April 21 in response to three back-to-back hikes in LME
National Aluminium Company Limited has revised its aluminium ingot and aluminium products prices since its last cut on April 12. With effect from Thursday, April 21, NALCO has increased its aluminium ingot price by INR 2,100 per tonne or 0.75 per cent to sell it at INR 282,650-286,150 per tonne. On...
Average alumina price in China expands to RMB3010/t after a restraint last day; but A00 aluminium ingot price drops by RMB30/t
The average alumina spot price in China has recorded an increase of RMB 4 per tonne on Friday, April 22, following a restraint on the previous day. According to the Shanghai Metals Market, the price has closed the week at RMB 3,010 per tonne. However, the alumina price growth has not touched upon...
Trimet Aluminium France receives ASI Performance Standard Certification
Trimet France's Saint-Jean-de-Maurienne and Castelsarrasin sites in France have received ASI Performance Standard Certification for the development, manufacture, and sale of aluminium in the form of wire rods, slabs, and ingots, as well as the production of molten aluminium and the manufacture of...
Hydro’s upcoming aluminium recycling plant in Michigan to ensure local jobs and lighter vehicles
In Cassopolis, Michigan, Hydro has begun building of a state-of-the-art aluminium recycling factory. Production will begin in 2023 with a workforce of about 70 people. The mill will produce 120,000 tonnes of low-carbon aluminium extrusion ingot per year once it is fully operational. A total of USD...
A00 aluminium ingot price in China surges by RMB80/t; Aluminium alloy (A356) price ascends by RMB50/t
China’s A00 aluminium ingot price stopped at RMB 21,830 per tonne, after witnessing a rise of RMB 80 per tonne on Thursday, April 21, opines SMM. The average price is expected to hover between RMB 21,810 per tonne and RMB 21,850 per tonne, with spot contract to be traded at a premium price of RMB...
Vedanta hikes its aluminium ingot price by INR6500/t with effect from April 20
Vedanta Limited has hiked its aluminium ingot and aluminium products prices on Tuesday, April 20, in response to the LME aluminium price growth. Vedanta has raised its aluminium ingot price by INR 6,500 per tonne or 2.30 per cent to INR 288,750-336,250 per tonne as against the increase of INR 1,250...
Hindalco hikes its aluminium products prices after two back-to-back cuts; aluminium wire rod price sees a raise of INR8750/t
Hindalco Industries Limited has expanded its aluminium products and aluminium ingot prices, with effect from April 20, following two back-to-back cuts on April 13 and 14. As per the revised price list revealed by Hindalco, the company’s aluminium wire rod price has come in at INR 299,850 per tonne...
China’s A00 aluminium ingot price halts at RMB22030/t, a rise of RMB230/t; Alumina spot price inches up by RMB2/t
China’s A00 aluminium ingot price has been on the rise since Wednesday, April 13. Based on the data from the Shanghai Metals Market, the price for today (Tuesday, April 19) has stopped at RMB 22,030 per tonne, recording a rise of RMB 230 per tonne. The average price for the same is expected to...
Vedanta slightly expands its aluminium wire rod & billet prices by INR1250/t on April 15
Vedanta Limited slightly expanded its aluminium products and aluminium ingot prices on Friday April 15, following a sharp cut of INR 13,000 per tonne on April 12. Since the latest increase, Vedanta is selling its aluminium wire rod price at INR 289750- 297250 per tonne, up by INR 1,250 per tonne or...
A00 aluminium ingot price closes the week with a rise of RMB270/t; Aluminium alloy (A356) price rises by RMB250/t
As per SMM report, the A00 aluminium ingot price in China has again witnessed a rise on Friday, April 15. For today, the price has increased by RMB 270 per tonne to come in at RMB 21,730 per tonne. The average price for the same is expected to range between RMB 21,710 per tonne and RMB 21,750 per...
Hindalco further trims its aluminium products prices by INR1250/t with effect from April 14
Hindalco Industries Limited has again cut its aluminium products and aluminium ingot prices, with effect from Thursday, April 14, albeit much lesser than the previous day. As against the slash of INR 12,500 per tonne on Tuesday April 12, Hindalco’s aluminium wire rod price has seen a trim of INR...
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China’s A00 aluminium ingot price surges by RMB400/t; Aluminium alloy (A356) price grows by RMB200/t
China’s A00 aluminium ingot price has augmented by RMB 400 per tonne to peg at RMB 21,460 per tonne, opines SMM. The average price for the same is expected to orbit between RMB 21,440 per tonne and RMB 21,480 per tonne, with spot contract to be traded at a premium price of RMB 20-20 per tonne. The...
Vedanta sharply cuts its aluminium ingot price by INR13000/t w.e.f. April 12 after an intermittent raise
Vedanta Limited again chopped its aluminium ingot and aluminium products prices, with effect from Tuesday, April 12, following an increase on April 9. As per the revised prices revealed, Vedanta is selling its aluminium ingot at INR 281,000-328,500 per tonne, down by INR 13,000 per tonne or 4 per...
