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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Average alumina spot in China registers at RMB 3,305/t; A00 aluminium ingot price hikes by RMB 300/t
According to the Shanghai Metals Market, on Tuesday, February 22, the average alumina spot price has remained restrained to settle at US$3,305 per tonne. The price has remained the same since Wednesday, February 16. The price in provinces like Shandong and Henan has also remained constant to score...
Average alumina spot price in China pegs at RMB 3,305/t; A00 aluminium ingot price dips by RMB 120/t
On Monday, January 21, the average alumina spot price in China has remained restrained to score at RMB 3,305 per tonne, found the Shanghai Metals Market. For the same day in Shandong and Henan the price has remained restrained to peg at RMB 3,300 per tonne and RMB 3,320 per tonne. The average...
Hindalco’s aluminium billets price experiences an increase of INR2500/t with effect from February 17
Hindalco Industries Limited increased its aluminium products and aluminium ingot prices on Thursday, February 17, following a cut on the previous day. The company raised its aluminium billets price by INR 2,500 per tonne to bring it to INR 295,850 per tonne versus INR 293,350 per tonne on February...
NALCO expands its aluminium ingot price by INR5400/t with effect from February 17
National Aluminium Company Limited has further expanded its aluminium ingot and aluminium products prices, with effect from Thursday, February 17. The company’s aluminium ingot price has seen a hike of INR 5,400 per tonne to range between INR 280,450-283,950 per tonne. On February 9, the price had...
Hindalco chops its aluminium ingot price by INR6250/t with effect from February 16
Hindalco Industries Limited chopped its aluminium ingot and aluminium products prices on Wednesday, February 16, following a hike of INR 9,500 per tonne on the previous day. With effect from February 16, Hindalco’s aluminium ingot price was cut by INR 6,250 per tonne from INR 285,500 per tonne on...
Average alumina spot price in China closes at RMB 3,305/t; A00 aluminium ingot price grows by RMB 70/t
On Thursday, February 17, the average alumina spot price in China has remained unchanged to close at RMB 3,305 per tonne, found the Shanghai Metals Market. For the same day in Shandong and Henan the price has remained restrained to peg at RMB 3,300 per tonne and RMB 3,320 per tonne. The average...
Iran’s aluminium ingot output in ten-month grows 24% to 453,436t; aims to produce 1.5 MT annually in next 4 years
Aluminium ingot production in Iran rose 24 per cent during the first ten months of the current Iranian calendar year (March 21, 2021-January 20, 2022) to come in at 453,436 tonnes versus 364,783 tonnes during the same period last year. As was announced earlier by Iranian Mines and Mining Industries...
Hindalco’s aluminium wire rod price rebounds to INR296,600/t with effect from February 15
Hindalco’s aluminium products prices rebounded on Tuesday, February 15, in line with the LME aluminium benchmark price hike on the previous day. Hindalco Industries Limited increased its aluminium wire rod price by INR 9,500 per tonne from INR 287,100 per tonne on February 12 to INR 296,600 per...
Average alumina spot price in China soars up by RMB 6/t to RMB 3,303/t; A00 ingot price grows by RMB 100/t
According to the Shanghai Metals Market, the average alumina spot price in China has gone up by RMB 6 per tonne to score at RMB 3,303 per tonne as of Tuesday, February 15. For the same day in Guangxi the price has surged by RMB 10 per tonne to come in at RMB 3,190 per tonne. In Shandong and Henan,...
Hindalco sharply cuts its aluminium ingot price by INR7750/t as LME aluminium price slips by US$113/t
After three consecutive hikes from February 5 to February 11, Hindalco Industries Limited slashed its aluminium ingot and aluminium products prices, with effect from Saturday, February 12, in line with the LME aluminium price plunge. With the latest cut, Hindalco’s aluminium ingot price came in at...
Hindalco further expands its aluminium ingot price by INR4600/t in response to uninterrupted LME aluminium price hike
Hindalco Industries Limited has further expanded its aluminium ingot and aluminium products prices, in line with a continuous increase in the global aluminium benchmark price. With effect from Friday, February 11, Hindalco’s aluminium ingot price has come in at INR 283,750 per tonne, up by INR...
NALCO’s aluminium ingot price sees a surge of INR14500/t on February 9 in response to LME aluminium new price high since 2008
National Aluminium Company Limited (NALCO) has hiked its aluminium ingot and aluminium products prices on Wednesday, February 9, in response to the LME aluminium new price high since 2008. NALCO has increased its aluminium ingot price by INR 14,500 per tonne to INR 275050- 278550 per tonne on...
Hindalco’s aluminium wire rod & billet prices surge by INR12500/t or 4.5% in line with LME aluminium price hike to a four-month high
Hindalco Industries Limited has dramatically increased its aluminium products and aluminium ingot prices in line with the LME aluminium price growth to a four-month high. With effect from Wednesday, February 9, Hindalco’s aluminium wire rod price has hiked by INR 12,500 per tonne or 4.53 per cent...
New COVID-19 cases in Baise, Guangxi aggravate aluminium supply disruptions
On Tuesday, February 7, Baise, the leading aluminium-producing Chinese city, reported a surge in local COVID-19 cases for the third straight day and ensuing lockdown, which aggravated worries about supply disruption of the metal. The city of Guangxi, with 3.6 million populations, recorded 64 new...
Average alumina spot price in China grows by RMB 12/t to RMB 3,196/t; A00 aluminium ingot price surges by RMB 220/t
On Tuesday, February 8, average alumina spot price in China has hiked by RMB 12 per tonne to close at RMB 3,196 per tonne, found the Shanghai Metals Market. For the same day in Shandong, the price has moved up by RMB 20 per tonne to stand at RMB 3,210 per tonne. In Henan and Shanxi, the price has...
Hindalco’s aluminium wire rod & billets prices grow by INR2000/t w.e.f. Feb. 5 in response to LME price increase
Hindalco Industries Limited increased its aluminium products and aluminium ingot prices on Saturday, February 5, in response to the LME aluminium price growth. With effect from February 5, Hindalco’s aluminium wire rod price witnessed a rise of INR 2,000 per tonne or 0.73 per cent from INR 273,850...
NALCO cuts its aluminium ingot price by INR4500/t or 1.7% with effect from February 1
National Aluminium Company Limited (NALCO) slashed its aluminium ingot and aluminium products prices, with effect from, Tuesday, February 1, following five consecutive hikes since January 7. With the latest cut, NALCO’s aluminium ingot price came in at INR 260,550-264,050 per tonne, down by INR...
Hindalco’s aluminium ingot price sees a back-to-back cut to stand at INR262,750/t on February 2
Hindalco Industries Limited back-to-back reduced its aluminium ingot and aluminium products prices, with effect from Wednesday, February 2. The company’s aluminium ingot price saw a cut of INR 2,000 per tonne or 0.76 per cent to come in at INR 262,750 per tonne. On February 1, the price stood at...
