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’s aluminium ingot price sees a never-before hike of US$37200/t to range between INR346,450-349,950/t
National Aluminium Company Limited’s (NALCO) aluminium ingot and aluminium products prices have witnessed an exponential rise on Tuesday, March 8, in tandem with the incessant LME aluminium price rally for over a week close to US$4,000 per tonne. NALCO has raised its aluminium ingot price by INR...
Hindalco’s aluminium wire rod & billets prices witness a rise of INR14750/t as LME price nears US$4000/t
Hindalco Industries Limited has continued to hike its aluminium products and aluminium ingot prices, with effect from Tuesday, March 8, in line with the rally of LME aluminium price close to US$4,000 per tonne. Aluminium wire rod selling price of the company has seen a raise of INR 14,750 per tonne...
A00 aluminium ingot price plummets by RMB1140/t on lower downstream purchases
A00 aluminium ingot price in China has nosedived by RMB 1,140 per tonne on Tuesday, March 8, to come in at RMB 22,720 per tonne, found the Shanghai Metals Market, attributable to lower willingness of downstream purchases in the domestic market. The average prices are expected to range between RMB...
China’s A00 aluminium ingot price opens the week with a hike of RMB420/t; Alumina price slips by RMB3/t
Following a decline in price on Friday, the A00 aluminium ingot price has recorded a sharp increase of RMB 420 per tonne to score at RMB 23,860 per tonne, as of Monday, March 7. According to the Shanghai Metal Market, the average prices are expected to hover between RMB 23,840 per tonne and RMB...
Hindalco’s aluminium ingot price mounts to INR320750/t with effect from March 4
Hindalco Industries Limited yet again increased its aluminium ingot and aluminium products prices significantly, with effect from Friday, March 4, in line with the LME aluminium price hike to an all-time high on rising fear of supply disruptions. Hindalco’s aluminium ingot price experienced a surge...
NALCO’s aluminium ingot price continues to grow to range between INR309,250-312,750/t w.e.f. March 1
National Aluminium Company Limited (NALCO) has hiked its aluminium ingot and aluminium products prices for the fourth time in a row, with effect from March 1, 2022, in line with the LME aluminium price surge as an effect of several international sanctions on major producer Rusal. NALCO has...
More sanctions on Russia escalate A00 aluminium ingot price by RMB 690/t
The Russia-Ukraine conflict has stirred the metal industry to the core, causing the aluminium prices to inflate further as more sanctions on Russia were imposed, as of Thursday, March 3. The A00 aluminium ingot price has jumped again by RMB 690 per tonne to stand at RMB 23,540 per tonne, found the...
Hindalco Industries Ltd. expands its aluminium billets & wire rod prices by INR13750/t with effect from March 3
Hindalco Industries Limited’s aluminium products and aluminium ingot prices have witnessed a surge yet again in line with the LME aluminium benchmark price rally as investors’ fear has heightened concerning tight metal shipments and logistic costs due to several sanctions on major producer Russia....
Hindalco’s aluminium ingot price rallies to INR297000/t in line with new global price high driven by sanctions on Russia
Hindalco Industries Limited has hiked its aluminium ingot and aluminium products prices, with effect from Tuesday, March 1, in response to LME aluminium benchmark price surge to a new high owing to more sanctions imposed on major producer Russia over the weekend, heightening supply disruptions....
Average alumina spot price in China slumps by RMB 26/t to RMB 3,127/t; A00 aluminium ingot price drops by RMB 150/t
According to the Shanghai Metals Market, the average alumina spot price in China has slipped by RMB 26 per tonne to close at RMB 3,127 per tonne on Tuesday, March 1. For the same day in Henan and Shanxi, the price has slumped by RMB 30 per tonne and RMB 20 per tonne to register at RMB 3,180 per...
Average alumina spot price in China plunges by RMB 35/t to RMB 3,153/t; A00 aluminium ingot price falls by RMB 120/t
On Monday, February 28, the average alumina spot price in China has fallen by RMB 35 per tonne to come in at RMB 3,153 per tonne, finds the Shanghai Metals Market. In Shanxi and Guangxi, the price has gone down by RMB 25 per tonne to record at RMB 3,115 per tonne and RMB 3,135 per tonne. In...
Podback scheme: Morrisons Supermarket offer customers a way to recycle used aluminium coffee pods
The fourth-largest chain of supermarkets in the United Kingdom, Morrisons has become the first supermarket to offer its customers a smart way to recycle coffee pods through a partnership with the recycling scheme Podback. In the upcoming weeks, Morrisons customers will be apt to fetch free Podback...
Hindalco’s aluminium wire rod and billets prices build up by INR18250/t w.e.f. February 25
Hindalco Industries Limited has hiked its aluminium products and aluminium ingot prices as the LME aluminium benchmark price has rallied yet again to a 13-year high. With effect from February 25, the company has raised its aluminium wire rod price by INR 18,250 per tonne to INR 312,850 per tonne....
NALCO’s aluminium ingot selling price inflates by INR20,000/t on worldwide supply woes
National Aluminium Company Limited has continued to increase its aluminium ingot and aluminium products prices for the third time in a row since February 9. With effect from Friday, February 25, NALCO’s aluminium ingot price has witnessed a surge of INR 20,000 per tonne or 7 per cent for the first...
Vedanta Aluminium introduces India’s first low carbon green aluminium brand ‘Restora’
According to a report on February 24, Vedanta Aluminium Business has launched its low carbon, green aluminium brand named ‘Restora’, with two product lines – Restora (low carbon aluminium) and Restora Ultra (ultra-low carbon aluminium). This brand is not only Vedanta’s but India’s first low carbon...
Average alumina spot price in China declines by RMB 48/t to RMB 3,188/t; A00 aluminium ingot price grows by RMB 120/t
According to the Shanghai Metals Market, the average alumina spot price in China has been moving down since Tuesday, February 22. On Friday, February 25, the price has declined by RMB 48 per tonne to score at RMB 3,188 per tonne. The price in Shandong and Shanxi has also fallen down by RMB 60 per...
Hindalco’s aluminium ingot price shrinks by 3% to INR283500/t with effect from February 24
Hindalco Industries Limited has slashed its aluminium ingot and aluminium products prices, with effect from Thursday, February 24, following a significant increase on February 23. As per the pricing published by Hindalco, the company’s aluminium ingot price has come in at INR 283,500 per tonne,...
Average alumina spot price in China dips by RMB 27/t to RMB 3,278/t; A00 aluminium ingot price slips by RMB 230/t
On Wednesday, February 23, the average alumina spot price in China has gone down by RMB 27 per tonne to score at RMB 3,278 per tonne, finds the Shanghai Metals Market. For the same day in Shandong and Henan the price has moved down by RMB 5 per tonne to settle at RMB 3,295 per tonne and RMB 3,315...
