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 & billets prices shrink by 4% on April 12 in response to LME price fall over weekend
Hindalco Industries Limited again slashed its aluminium products and aluminium ingot prices, with effect from Tuesday, April 12, following a hike on April 9. As per the revised prices published by Hindalco, the company’s aluminium wire rod price is standing at INR 292,350 per tonne after being...
NALCO sharply cuts its aluminium ingot price by INR15700/t w.e.f. April 12 as LME price plummets by 7.7%
National Aluminium Company Limited has further slashed its aluminium ingot and aluminium products prices since its last cut on April 1, 2022. With effect from Tuesday, April 12, NALCO has chopped its aluminium ingot price by INR 15,700 per tonne or 5.30 per cent to INR 280,550- 284,050 per tonne as...
China’s A00 aluminium ingot price slumps by RMB380/t; Average alumina spot price inches up by RMB2/t
On Tuesday, April 12, China’s A00 aluminium ingot price nosedived by RMB 380 per tonne to record at RMB 20,850 per tonne. The average price for the same day is expected to orbit between RMB 20,830 per tonne and RMB 20,870 per tonne, with spot contract to be traded at a premium price of RMB 60-20...
Hindalco escalates its aluminium ingot price by INR4000/t with effect from April 9
Hindalco Industries Limited hiked its aluminium ingot and aluminium products prices on Saturday, April 9, following a sharp cut on the previous day. The major Indian aluminium player increased its aluminium ingot price by INR 4,000 per tonne to INR 293,750 per tonne, with effect from April 9. On...
Primary aluminium weekly recap: EGA and Ma’aden to move towards greener aluminium smelting technology;LME halts aluminium loading in its warehouse due to extra tax
The primary aluminium sector has witnessed a mixed yet significant response this week both in terms of prices and other activities. If on one hand, Hindalco’s aluminium ingot price had escalated by INR 3,250 per tonne after 4 successive downfalls, LME aluminium benchmark price had stayed on the...
Vedanta lifts its aluminium ingot price by INR4000/t on April 9 in response to LME price rise
After a sharp cut of INR 7,250 per tonne across all the aluminium products on April 8, Vedanta Limited has lifted its aluminium prices, with effect from April 9. The company has increased its aluminium ingot price by INR 4,000 per tonne to INR 294,000- 341,500 per tonne on April 9 as against INR...
China’s A00 aluminium ingot price closes the week with a decline of RMB230/t; Alumina spot price inches up by RMB4/t
As per SMM data, the A00 aluminium ingot price closes the week with a plunge of RMB 230 per tonne to score at RMB 21,800 per tonne. The average price for today has been registered between RMB 21,780 per tonne and RMB 21,820 per tonne, with spot contract to be traded at a premium price of RMB 70-30...
Hindalco elevates its aluminium ingot price by INR3250/t w.e.f. April 7 after four successive cuts
After four successive cuts, Hindalco Industries Limited has increased its aluminium ingot and aluminium products prices, with effect from Thursday, April 7. The company has added on INR 3,250 per tonne to its aluminium ingot price to sell it at INR 297,000 per tonne. On April 6, the price stood at...
Vedanta’s aluminium wire rod and billet prices continue to see a cut of INR3000/t with effect from April 6
Vedanta Limited further cut its aluminium products and aluminium ingot prices for the third time in a row over about a week, with effect from Wednesday, April 6. Vedanta’s aluminium wire rod price saw a trim of INR 3,000 per tonne or 1 per cent to INR 301,500- 309,000 per tonne versus INR...
Gangavaram Port records milestone, loads 6559 tonnes of aluminium ingot
Gangavaram Port, the country’s deepest and most advanced port achieves yet another record-breaking milestone. The port staff loaded the most aluminium ingots in a single day, 6,559 tonnes of Aluminium ingots for the vessel SEACON MANILA at Berth No 1. This is a new national record for any Indian...
A00 aluminium ingot price further plummets by RMB450/t as COVID undermines domestic consumption; but input costs inflate
A00 aluminium ingot price in China has nosedived for the second day in a row by RMB 450 per tonne to stand at the edge of RMB 22,000 per tonne. According to the Shanghai Metals Market, the price has come in at RMB 22,030 per tonne, with average prices estimated to range between RMB 22,010 per tonne...
Hindalco’s aluminium wire rod & billets prices further dwindle by INR3000/t on April 6
Hindalco Industries Limited has continued to trim its aluminium products and aluminium ingot prices as the LME aluminium ingot price keeps pursuing a downtrend. With effect from April 6, Hindalco has reduced its aluminium wire rod price by INR 3,000 per tonne to INR 304,850 per tonne. On April 5,...
China’s A00 aluminium ingot price slumps by RMB250/t; Average alumina spot price inches up by RMB2/t
According to the Shanghai Metals Market, the A00 aluminium ingot price has declined by RMB 250 per to stop at RMB 22,480 per tonne. The average price for the same is expected to range between RMB 22,460 per tonne and RMB 22,500 per tonne, with spot contract to be traded at a premium price of RMB...
Vedanta cuts its aluminium prices for the second time in a new fiscal year, bringing ingot price to INR297000-344500/t
Vedanta Limited reduced its aluminium ingot and aluminium products prices for the second time in a row in the new financial year 2022-23. With effect from April 5, the company cut its aluminium ingot selling price by INR 4,250 per tonne or 1.4 per cent to INR 297,000-344,500 per tonne. On April 2,...
Hindalco’s aluminium billets & wire rod prices continue to shrink by 2% with effect from April 5
After about a week, Hindalco Industries Limited has further trimmed its aluminium products and aluminium ingot prices, with effect from April 5, 2022. Hindalco has reduced its aluminium billets price by INR 6,250 per tonne or 1.97 per cent to INR 310,850 per tonne. The previous price cut was on...
NALCO further chops its aluminium ingot price by INR 13000/t on the onset of new fiscal year 2023
As the fiscal year 2022 ends, National Aluminium Company Limited (NALCO) further chops its aluminium ingot and aluminium products prices, with effect from April 1 FY2023. The company’s aluminium ingot price has seen a sharp cut of INR 13,000 per tonne or 4.20 per cent to INR 296,250- 299,750 per...
Primary aluminium weekly recap: NALCO, Hindalco trim their ingots selling prices as LME price retreats; Alba & EGA to explore production enhancement opportunities
As Russia retreats its military activities in some areas of Ukraine, allowing the resumption of alumina refineries and aluminium smelters, the LME aluminium benchmark price begins downsizing throughout the week with the hope of supply chain recovery. Starting at US$3,606 per tonne on Monday, March...
A00 aluminium ingot price surges by RMB100/t as inflation attracts investors towards commodity
Following a hike in price since Wednesday, March 30, the A00 aluminium ingot price closed the week on Friday, April 1, with a surge of RMB 100 per tonne to peg at RMB 22,730 per tonne. The average price for the same is expected to hover between RMB 22,710 per tonne and RMB 22,750 per tonne, with...
