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...
Grow with
AL Circle
Hindalco hikes its aluminium billets price by INR3250/t w.e.f. December 17 after two back-to-back cuts
After the two consecutive days of decline, Hindalco Industries’ aluminium products and its aluminium ingot prices have seen a hike with effect from Friday, December 17. The company’s aluminium billets price has witnessed an increase of INR 3,250 per tonne to INR 248,850 per tonne. On the previous...
Average alumina spot price in China slumps by RMB 26/t to close in at RMB 2,834/t; A00 aluminium ingot price surges by RMB 350/t
According to the Shanghai Metals Market, the average alumina spot price has been in the declining phase since early November. On Friday, December 17, the price has dropped by RMB 26 per tonne or by 0.96 percent to settle at RMB 2,834 per tonne. In Shandong and Henan, the average alumina spot price...
Hindalco Industries back-to-back reduces aluminium ingot price by INR2750/t in line with LME aluminium price slump
Hindalco Industries Limited has reduced its aluminium ingot and aluminium products prices back-to-back, with effect from Thursday, December 16. After a cut of INR 2,750 per tonne on December 15, Hindalco’s aluminium ingot price sees another slash of the same amount on December 16 to stand at INR...
Average alumina spot price in China slips by RMB 41/t to close in at RMB 2,860/t; A00 aluminium ingot price descends by RMB 70/t
On Thursday, December 16, the average alumina spot price has slumped by RMB 41 per tonne to stand at RMB 2,860 per tonne, says Shanghai Metals Market. To begin with, in Henan and Shanxi, the average alumina spot price has slipped by RMB 50 per tonne to peg at RMB 2,850 per tonne for both provinces,...
Hindalco hikes its aluminium billets and wire rod prices by INR5250/t or 2% with effect from December 14
Hindalco Industries Limited has further increased its aluminium products and aluminium ingot prices, with effect from Tuesday, December 14, after the last hike nearly a week ago on December 8. Hindalco’s aluminium wire rod price has climbed by INR 5,250 per tonne or 2.16 per cent to stand at INR...
Average alumina spot price in China slumps by RMB 24/t to stand at RMB 2,953/t; A00 aluminium ingot price soars up by RMB 380/t
On Tuesday, December 14, the average alumina spot price in China has recorded a continued decline of RMB 24 per tonne or by 0.80 percent to close at RMB 2,953 per tonne, found the Shanghai Metals Market. The average alumina price in Guizhou and Guangxi has slipped by RMB 15 per tonne to settle at...
NALCO grows its aluminium ingot price by 1% to INR229,250- 232,750/t with effect from December 10
National Aluminium Company Limited (NALCO) has increased its aluminium ingot and aluminium products prices, with effect from Friday, December 10, following a cut on December 7. The company, under the ownership of Ministry of Mines, has raised its aluminium ingot price by INR 3,000 per tonne or 1.33...
China’s alumina spot price falls yet again to stand below RMB3000/t; Aluminium fluoride price touches new milestone at RMB13000/t
According to the Shanghai Metals Market, China's average alumina spot price has opened the third straight week, dates December 13, with a decline to stand below RMB 3,000 per tonne. SMM data shows the price has decreased by RMB 43 per tonne to come in at RMB 2,977 per tonne. However, in Guizhou,...
Average alumina spot price in China slips by RMB 52/t to close at RMB 3,020/t; A00 aluminium ingot price climbs up by RMB 80/t
On Friday, December 10, the average alumina spot price in China has slumped by RMB 52 per tonne or by 1.69 percent to settle at RMB 3,020 per tonne, found the Shanghai Metals Market. The average alumina price in Henan and Shanxi has slipped by RMB 50 per tonne to settle at RMB 3,010 per tonne and...
Hindalco grows its aluminium ingot price by INR2250/t to INR231750/t with effect from December 8
Hindalco Industries Limited raised its aluminium ingot and aluminium products prices on Wednesday, December 8, following a cut on the previous day, December 7. The company’s aluminium ingot price saw a rise of INR 2,250 per tonne from INR 229,500 per tonne to INR 231,750 per tonne, as of December...
China’s average alumina spot price continues to decline to RMB3072/t; A00 aluminium ingot price sheds RMB90/t
The average alumina spot price in China has recorded a continued decline of RMB 55 per tonne to RMB 3,072 per tonne on Thursday, December 9, found the Shanghai Metals Market. In Shandong, the price has shrunk by RMB 75 per tonne to RMB 3,175 per tonne, while the price in Shanxi has dwindled by RMB...
Average alumina spot price in China descends by RMB 68/t to stand at RMB 3,127/t; A00 aluminium ingot price hikes by RMB 100/t
The average alumina spot price has been in the declining phase since November 25. According to the Shanghai Metals Market, the average alumina spot price has shrunk by RMB 68 per tonne or by 2.12 percent to close at RMB 3,127 per tonne, as of December 8. The average alumina price in Henan and...
NALCO’s aluminium ingot price sees a cut of INR5600/t or 2.4% since a hike two weeks ago
National Aluminium Company Limited (NALCO) has reduced its aluminium ingot and aluminium products prices with effect from Tuesday, December 7, following a hike about two weeks ago. The Navratna CPSE has cut its aluminium ingot price by INR 5,600 per tonne or 2.4 per cent to INR 226,250-229,750 per...
Average alumina spot price in China drops by RMB53/t to close at RMB 3,195/t; A00 aluminium ingot price shrinks by RMB 90/t
According to the Shanghai Metals Market, on Tuesday, December 7, the average alumina spot price has dropped by RMB 53 per tonne or by 1.63 percent to settle at RMB 3,195 per tonne. The average alumina price in Shandong and Henan has slipped by RMB 60 per tonne to total at RMB 3,290 per tonne and...
Hindalco’s aluminium wire rod and billets prices cut by INR3000/t with effect from December 7
Hindalco Industries Limited has reduced its aluminium products and aluminium ingot prices for the second time in a row, with effect from Tuesday, December 7. Hindalco’s aluminium wire rod price has seen a cut of INR 3,000 per tonne from INR 243,600 per tonne on December 4 to INR 240,600 per tonne...
Hindalco Industries reduces its aluminium ingot price by INR1500/t with effect from December 4
Hindalco Industries Limited again reduced its aluminium ingot and aluminium products prices, with effect from Saturday, December 4, following an intermittent rise on December 2. The company cut its aluminium ingot price by INR 1,500 per tonne on December 2, bringing the price to INR 232,500 per...
Average alumina spot price in China further slumps by RMB55/t, but A00 aluminium ingot price grows to RMB18780/t
The average alumina spot price in China has continued to fall on December 6, 2021, by RMB 55 per tonne to RMB 3,248 per tonne, found the Shanghai Metals Market. This marks the eighth consecutive working day of decline. In Shandong and Shanxi, alumina spot price has slumped by RMB 75 per tonne and...
Hindalco’s aluminium ingot price sees a rise of INR2250/t on December 2 in line with LME aluminium price hike
Hindalco Industries Limited grew its aluminium ingot and aluminium products prices on December 2, a day after it reduced the prices by INR 1,250 per tonne. With effect from December 2, the company’s aluminium ingot price saw an increase of INR 2,250 per tonne to INR 234,000 per tonne, backed on the...
