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 Limited cuts its aluminium wire rod and billets prices by INR1250/t
Hindalco Industries Limited decreased its aluminium products and aluminium ingot prices, with effect from Wednesday, December 1, following a hike on the previous day. The company reduced its aluminium wire rod price by INR 1,250 per tonne from INR 244,100 per tonne on November 30 to INR 242,850 per...
Alumina spot price in China declines for the sixth day in a row to RMB3351/t, but A00 aluminium ingot price inches up by RMB10/t
The decline in average alumina spot price in China has been continuing since a week starting from November 25, 2021. According to the Shanghai Metals Market data, the price has decreased by RMB 43 per tonne on Thursday, December 2, to stand at RMB 3,351 per tonne. In Guangxi and Guizhou, alumina...
Average alumina spot price in China descends by RMB 10/t to close at RMB 3,394/t; A00 aluminium ingot price climbs by RMB 30/t
According to the Shanghai Metals Market, the average alumina spot price has shrunk by RMB 10 per tonne to close at RMB 3,394 per tonne, as of Wednesday, December 1. The average alumina price in Henan has decreased by RMB 10 per tonne to stand at RMB 3,415 per tonne, as of December 1. For the same...
Replacement of primary aluminium by scrap will be sluggish until usage increases in the associated areas
The market has recently begun to speculate the impact of aluminium scrap on primary aluminium consumption in the coming year. However, the impact of scrap aluminium on primary aluminium will be less than anticipated as it has a number of drawbacks. The fundamental reason for this is because all...
Hindalco grows its aluminium ingot price over the weekend ending November 30 by over 1.5% to INR233000/t
Hindalco Industries Limited has increased its aluminium ingot and aluminium products prices, with effect from Tuesday, November 30, following a sharp cut on Saturday, November 27. The latest hike has brought the company’s aluminium ingot price to INR 233,000 per tonne, up by INR 3,750 per tonne or...
Hindalco Industries sharply cuts its aluminium wire rod price by INR9000/t with effect from November 27
Hindalco Industries Limited slashed its aluminium products and aluminium ingot prices on Saturday, November 27, following three consecutive hikes since November 23. The latest cut brought the company’s aluminium wire rod price to INR 240,350 per tonne from INR 249,350 per tonne on November 26. That...
Average alumina spot price in China descends by RMB 23/t to close at RMB 3,414/t; Aluminium Fluoride price surges by RMB 500/t
The average alumina spot price in China has opened the week on Monday, November 29, dropping down by RMB 23 per tonne or 0.66 percent to come in at RMB 3,414 per tonne, found the Shanghai Metals Market. The average alumina price in Guangxi has plunged by RMB 100 per tonne to settle at RMB 3,250 per...
Hindalco Industries hikes its aluminium ingot price for the third time in a row to INR238250/t
Hindalco Industries Limited has hiked its aluminium ingot and aluminium products prices for the third time in a row, with effect from Friday, November 26. The company’s aluminium ingot price has come in at INR 238,250 per tonne, up by INR 4,000 per tonne or 1.71 per cent from INR 234,250 per tonne....
Hindalco grows its aluminium ingot price back-to-back to INR234250/t
Hindalco Industries Limited grew its aluminium ingot and aluminium products prices back-to-back on Wednesday, November 24. The company’s aluminium ingot price came in at INR 234,250 per tonne, seeing an increase of INR 3,250 per tonne from INR 231,000 per tonne on November 23. Hindalco’s aluminium...
Average alumina spot price in China shrinks by RMB 195/t to close at RMB 3,496/t; A00 aluminium ingot price surges by RMB 200/t
On Thursday November 25, the average alumina spot price has plummeted after 4 days of remaining restraint. The recorded price closed at RMB 3,496 per tonne, showing a decrease of 5.28 percent or RMB 195 per tonne, found the Shanghai Metals Market. The average alumina price in Henan has descended by...
NALCO’s aluminium ingot price surges by INR7800/t or 3.5% to INR231,850- 235,350/t w.e.f. November 24
National Aluminium Company Limited (NALCO) has hiked its aluminium ingot and aluminium products prices with effect from Wednesday, November 24, following an intermittent cut on November 19. The latest rise has brought the company’s aluminium ingot price to INR 231,850- 235,350 per tonne versus INR...
Hindalco Industries increases its aluminium billets selling price by INR4500/t after two days of decline
Hindalco Industries Limited has grown its aluminium products and aluminium ingot prices with effect from Tuesday, November 23, following two consecutive days of cut on November 17 and 19. Hindalco has increased its aluminium billets price by INR 4,500 per tonne to INR 241,600 per tonne on November...
A00 aluminium ingot price in China surges for the third day in a row to RMB19170/t; Aluminium alloy (A356) price builds-up RMB200/t
According to the Shanghai Metals Market, A00 aluminium ingot price in China has increased for the third day in a row by RMB 250 per tonne to stand at RMB 19,170 per tonne on Tuesday, November 23. The average prices are estimated to range between RMB 19,150 per tonne and RMB 19,190 per tonne, with...
Hindalco’s aluminium wire rod and billets prices undergo a cut of INR2750/t with effect from November 19
Hindalco Industries Limited continued to reduce its aluminium products and aluminium ingot prices on Friday, November 19, in line with the LME aluminium benchmark price fall. Hindalco’s aluminium wire rod price came in at INR 237,600 per tonne on November 19 after being declined by INR 2,750 per...
Bauxite (4.5≤Al/Si＜5.5) price in Shanxi drops by RMB7.5/t to RMB492.5/t; But A00 aluminium ingot price jumps by RMB390/t
According to the Shanghai Metals market, bauxite (4.5≤Al/Si＜5.5) price in Shanxi has dropped by RMB 7.5 per tonne on Monday, November 22, to come in at RMB 492.50 per tonne. The average prices are likely to range between RMB 480-505 per tonne. The decline followed two consecutive days of restraint...
NALCO’s aluminium ingot and products prices see a downfall of INR6300/t after two hikes in a row
After two consecutive hikes since November 11, National Aluminium Company Limited reduced its aluminium ingot and aluminium products prices with effect from Friday, November 19. The decrease could be attributed to the decline in LME aluminium benchmark price during November 16-18. NALCO’s aluminium...
Hindalco’s aluminium ingot selling price shrinks by INR3750/t with effect from November 17
After three hikes since November 11, Hindalco Industries Limited has cut its aluminium ingot and aluminium products prices with effect from Wednesday, November 17. The company’s aluminium ingot price has come in at INR 229,250 per tonne, down by INR 3,750 per tonne or 1.61 per cent from INR 233,000...
NALCO hikes its aluminium ingot price by INR10500/t or 4.7% with effect from November 16
National Aluminium Company Limited (NALCO) has hiked its aluminium ingot and aluminium product prices for the second time in a row, with effect from Tuesday, November 16. The company’s aluminium ingot price has come in at INR 230,350-233,850 per tonne after being sharply increased by INR 10,500 per...
