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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A00 aluminium ingot price in China further dips by RMB250/t to RMB18940/t; Aluminium alloy (A356) price shrinks by RMB300/t
A00 aluminium ingot price in China on 16 th November has revealed a further dip of RMB 250 per tonne to RMB 18,940 per tonne, while the average prices are likely to range between RMB 18,920 per tonne and RMB 18,960 per tonne. The spot contract is estimated to be traded at a premium price of RMB...
Hindalco grows its aluminium ingot price for the second straight day to INR233000/t w.e.f. November 13
Hindalco Industries Limited increased its aluminium ingot and aluminium products prices for the second straight day on Saturday, November 13. That brought the company’s aluminium ingot price to INR 233,000 per tonne, up by INR 2,500 per tonne from INR 230,500 per tonne on November 12. Hindalco’s...
Hindalco hikes its aluminium billets and wire rod prices by INR8250/t or 3.5% with effect from November 12
Hindalco Industries Limited has increased its aluminium products and aluminium ingot prices on Friday, November 12, following a cut on the previous day. The company’s aluminium billets price has come in at INR 241,100 per tonne on November 12, up by INR 8,250 per tonne or 3.54 per cent from the...
NALCO grows its aluminium ingot price by INR3700/t w.e.f. November 11 after three consecutive cuts
National Aluminium Company Limited (NALCO) has increased its aluminium ingot and aluminium products prices with effect from November 11, following three consecutive cuts since October 25. The latest hike has brought the company’s aluminium ingot price to INR 219,850-223,350 per tonne versus INR...
Hindalco Industries’ aluminium wire rod price sees a rise of INR3500/t with effect from November 10, 2021
After a sharp cut on November 9, Hindalco Industries Limited increased its aluminium products prices by INR 3,500 per tonne, with effect from November 10. Thus, the company is now selling its aluminium wire rod price at INR 234,850 per tonne versus INR 231,350 per tonne on November 9. Hindalco’s...
A00 aluminium ingot price in China records a hike of RMB290/t to RMB18800/t; Aluminium alloys (ADC12) price gains RMB50/t
A00 aluminium ingot price in China has increased by RMB 290 per tonne to stand at RMB 18,800 per tonne on Thursday, November 11, following a plunge of RMB 440 per tonne on the previous day. SMM data shows the average prices are expected to range between RMB 18,780 per tonne and RMB 18,820 per...
Vedanta’s aluminium ingot price hovers around INR224000-237000/t on November 10, 2021
Vedanta Limited is selling its aluminium ingot price at INR 224,000-237,000 per tonne as of November 10, 2021. Among aluminium products prices, the company’s aluminium wire rod price has come in at INR 231,500- 239,000 per tonne, while aluminium billets price is standing at INR 232,000 per tonne....
Hindalco Industries Limited sharply cuts its aluminium billets price by more than INR15000/t on November 9
Hindalco Industries Limited has sharply cut its aluminium products prices, with effect from Tuesday, November 9, following the last hike on November 4. Hindalco’s aluminium billets price has witnessed a slash of INR 15,500 per tonne or 6.29 per cent to INR 230,850 per tonne. On November 4, the...
NALCO reports a steep fall of aluminium ingot selling price to INR216150-219650/t
National Aluminium Company Limited further decreased its aluminium ingot and aluminium products prices significantly on Saturday, November 6, more than a week after the last cut on October 28. The latest slash brought the company’s aluminium ingot price to 216,150-219,650 per tonne versus INR...
Hindalco increases its aluminium wire rod and billets prices by INR1500/t with effect from November 4
Hindalco Industries Limited has increased its aluminium products and aluminium ingot prices after continuous cuts since October 21, 2021. With effect from November 4, Hindalco’s aluminium wire rod price has witnessed a rise of INR 1,500 per tonne to INR 246,850 per tonne. On November 3, the price...
Alumina spot price in China continues to decline to come below RMB4000/t; A00 aluminium ingot price falls sharply by RMB1300/t
The average alumina spot price in China has declined for the fourth day in a row to stand below RMB 4,000 per tonne, found the Shanghai Metals Market. On Friday, November 5, the price has sharply decreased by RMB 88 per tonne to come in at RMB 3,926 per tonne. In Shandong and Guizhou, alumina price...
Hindalco Industries Ltd further reduces aluminium ingot price by INR2500/t w.e.f. November 3
Hindalco Industries Limited has further reduced its aluminium ingot and aluminium products prices with effect from Wednesday, November 3. The company’s aluminium ingot price has come in at INR 234,250 per tonne, down by INR 2,500 per tonne from INR 236,750 per tonne on October 28. Hindalco, with...
Average alumina spot price in China slips by RMB9/t to settle at RMB4110/t; A00 aluminium ingot price declines by RMB130/t
The average alumina spot price in China has slipped by RMB 9 per tonne on November 2 after over a week-long restraint from October 22 to November 1. According to the Shanghai Metals Market data, the average alumina spot price has come in at RMB 4,110 per tonne as of November 2. In Henan and Shanxi,...
Primary Aluminium Weekly Recap: QAMCO reports highest ever quarterly net profit of QR233 million for 3Q2021; NALCO slashes aluminium ingot price by INR19100/t
This week has been a week for quarterly updates from many stalwart primary aluminium companies such as Hydro, Qamco, Chalco, and Vedanta. Hydro announced that in 3Q2021, it produced 573,000 tonnes of primary aluminium, which was 2 per cent up from 561,000 tonnes in Q2 2021 and 10 per cent higher...
Hindalco Industries Limited further cuts its aluminium wire rod price significantly by INR11000/t
Hindalco Industries Limited again cut its aluminium products prices significantly, with effect from Thursday, October 28. Hindalco’s aluminium wire rod price came in at INR 247,850 per tonne after being plunged by INR 11,000 per tonne or 4.25 per cent from INR 258,850 per tonne on October 27....
NALCO continues to slash its aluminium ingot price by INR19100/t in line with M-o-M downfall of LME aluminium price
National Aluminium Company Limited (NALCO) has yet again cut its aluminium ingot price significantly, with effect from Thursday, October 28. In tandem with the incessant decline in LME aluminium benchmark price, NALCO has reduced its ingot price by INR 19,100 per tonne from INR 253,350-256,850 per...
China’s A00 aluminium ingot price continues to fall sharply by RMB1140/t; Aluminium alloy (A356) price comes below RMB23000/t
A00 aluminium ingot price in China has nosedived by RMB 1,140 per tonne to come below RMB 20,000 per tonne on October 28. According to the Shanghai Metals Market, the price is standing at RMB 19,340 per tonne, with average prices likely to range between RMB 19,320 per tonne and RMB 19,360 per...
Hindalco sharply cuts its aluminium billets price by INR6500/t in tandem with sixth consecutive fall of LME aluminium price
On Wednesday, October 27, Hindalco Industries Limited has slashed its aluminium products prices, in line with the sixth consecutive day of LME aluminium price fall. The company has reduced its aluminium billets price by INR 6,500 per tonne to INR 258,350 per tonne. On the previous day, the price...
