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 Industries slashes its aluminium ingot price by INR3250/t with effect from February 1
Hindalco Industries Limited slashed its aluminium ingot and aluminium products prices, with effect from Tuesday, February 1, after two consecutive hikes on January 26 and 28. The company cut its aluminium ingot price by INR 3,250 per tonne to INR 264,750 per tonne. On the previous day, January 28,...
Hindalco’s aluminium wire rod price surges by INR5250/t with effect from January 28
Hindalco Industries Limited hiked its aluminium products and aluminium ingot prices for the second time in a row last week, with effect from Friday, January 28. The company’s aluminium wire rod price saw a surge of INR 5,250 per tonne or 1.92 per cent to INR 279,100 per tonne as of January 28. On...
NALCO aluminium ingot price gains INR3900/t over the week ending January 29
National Aluminium Company Limited (NALCO) again increased its aluminium ingot and aluminium products prices after a week, with effect from Saturday, January 29. The company’s aluminium ingot price grew by INR 3,900 per tonne from INR 261,150- 264,650 per tonne on January 22 to INR 265,050-268,550...
Average alumina spot price in China stands at RMB 3,143; A00 aluminium ingot price surges by RMB 210/t
On Thursday, January 28, the average alumina spot price in China has remained unchanged to close at RMB 3,143 per tonne, found the Shanghai Metals Market. In provinces like Shandong and Guizhou, the price has remained restrained to close at RMB 3,145 per tonne and RMB 3,020 per tonne. For the same...
Hindalco’s aluminium ingot price gains INR2000/t to stand at INR262750/t on January 26
Hindalco Industries Limited increased its aluminium ingot and aluminium products prices, with effect from January 26, soon after it reduced the prices on the past two days. Hindalco grew its aluminium ingot price by INR 2,000 per tonne, bringing it to INR 262,750 per tonne. On January 25,...
Hindalco further cuts its aluminium billets and wire rod prices by INR2750/t with effect from January 25
Hindalco Industries Limited further reduced its aluminium products and aluminium ingot prices, with effect from Tuesday, January 25, in tandem with a downfall in LME aluminium price by US$35 per tonne on January 24. The company cut its aluminium billets price by INR 2,750 per tonne from INR 277,600...
Average alumina spot price in China moves up by RMB 14/t to peg at RMB 3,143/t; A00 aluminium ingot price surges by RMB 420/t
According to the Shanghai Metals Market, average alumina spot price in China has grown by RMB 14 per tonne to close at RMB 3,143 per tonne. In Shandong and Guizhou, the price has moved up by RMB 10 per tonne to stand at RMB 3,145 per tonne and RMB 3,020 per tonne. On the other hand in Henan and...
Average alumina spot price in China hikes by RMB 14/t to close at RMB 3,129/t; A00 aluminium ingot price grows by RMB 40/t
On Tuesday, January 25, average alumina spot price in China climbed up by RMB 14 per tonne to clock at RMB 3,129 per tonne, finds the Shanghai Metals Market. In Shandong and Guangxi, the average alumina spot price has moved up by RMB 20 per tonne to stand at RMB 3,135 per tonne and RMB 3,050 per...
Hindalco cuts its aluminium wire rod and billets prices by INR1750/t after four hikes in a row
Hindalco Industries Limited cut its aluminium products and aluminium ingot prices, with effect from Saturday, January 22, following four consecutive hikes since January 15, 2022. The company reduced its aluminium wire rod price by INR 1,750 per tonne to INR 274,600 per tonne, compared to INR...
NALCO’s aluminium ingot price continues to rise by INR6300/t or 2.4% with effect from January 22
National Aluminium Company Limited (NALCO) increased its aluminium ingot and aluminium products prices for the fourth time in a row on Saturday, January 22. The company raised its aluminium ingot price by INR 6,300 per tonne or 2.4 per cent from INR 254,850-258,350 per tonne on January 19 to INR...
Average alumina spot price in China grows over the weekend to RMB3115/t; A00 aluminium ingot price plunges by RMB230/t
The average alumina spot price in China has grown by RMB 10 per tonne over the weekend ending January 24 to come in at RMB 3,115 per tonne, found the Shanghai Metals Market. In Guizhou, alumina price has jumped by RMB 25 per tonne to stand at RMB 3,000 per tonne, followed by the increase of RMB 15...
Hindalco Industries further increases its aluminium ingot price by 2% to INR265250/t with effect from January 21
Hindalco Industries Limited has further increased its aluminium ingot and aluminium products prices by INR 5,250 per tonne or 2 per cent, with effect from Friday, January 21. The hike for the fourth time in a row has brought the company’s aluminium ingot price to INR 265,250 per tonne from INR...
Average alumina spot price in China grows by RMB 45/t to total at RMB 3,105/t; A00 aluminium ingot price slips by RMB 20/t
According to the Shanghai Metals Market, the average alumina spot price in China has surged by RMB 45 per tonne to come in at RMB 3,105 per tonne. The average alumina spot price in Shandong has also grown by RMB 35 per tonne to settle at RMB 3,110 per tonne. On the other hand, in Henan and Shanxi...
Hindalco’s aluminium wire rod & billets prices see a hike for the third consecutive time by INR3000/t on January 20
Hindalco Industries Limited has continued to increase its aluminium ingot and aluminium products prices for the third time in a row, with effect from Thursday, January 20. Hindalco has raised its aluminium wire rod price by INR 3,000 per tonne from INR 268,100 per tonne on January 18 to INR 271,100...
China’s average alumina spot price hikes by RMB53/t to settle at RMB3060/t; A00 aluminium ingot price plunges by RMB270/t
The average alumina spot price in China has hiked for the ninth day in a row by RMB 53 per tonne to stand at RMB 3,060 per tonne, found the Shanghai Metals Market. In Henan and Guizhou, alumina spot price has surged by RMB 60 per tonne to close at RMB 3,085 per tonne and RMB 2,950 per tonne, while...
NALCO’s aluminium ingot price increases for the third consecutive time to stand at INR254850-258350/t on January 19
National Aluminium Company Limited (NALCO) has hiked its aluminium ingot and aluminium products prices for the third time in a row, with effect from Wednesday, January 19. The company has raised its aluminium ingot price by INR 5,300 per tonne to the range INR 254,850-258,350 per tonne. On Friday,...
Alumina spot price in China escalates by RMB 35/t to stand at RMB 3,007/t; A00 aluminium ingot price soars up by RMB 440/t
According to the Shanghai Metals Market, the average alumina spot price in China has moved up by RMB 35 per tonne to close at RMB 3,007 per tonne, as of Wednesday, January 19. In Henan and Shanxi, the average alumina spot price has ascended by RMB 30 per tonne to clock at RMB 3,025 per tonne. On...
Hindalco’s aluminium ingot price grows by INR3250/t over two days ending January 18, 2022
Hindalco Industries Limited has further increased its aluminium ingot and aluminium products prices over the last two days ending January 18, 2022. The company has raised its aluminium ingot price by INR 3,250 per tonne or 1.28 per cent to INR 257,000 per tonne. On Saturday, January 15, Hindalco’s...
