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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Aluminium Ingot production in Iran grows 23% Y-o-Y to 260,679 tonnes during H1 2021
The Iranian Mines and Mining Industries Development and Renovation Organization (IMIDRO) reported that the aluminium ingot production in Iran registered a hike of 23 per cent during the first six months of the nation’s calendar year (from March 21 to September 21) as compared to the same period...
Hindalco Industries continues to reduce aluminium prices by INR5250/t with effect from October 23
Hindalco Industries Limited has decreased its aluminium products and aluminium ingot prices with effect from Saturday, October 23, bringing its aluminium wire rod price to INR 267,100 per tonne. That was down by INR 5,250 per tonne or 1.93 per cent from INR 272,350 per tonne on October 22....
A00 aluminium ingot price plunges by RMB250/t to settle at RMB21650/t; Aluminium alloy (A356) price closes lower at RMB25350/t
A00 aluminium ingot price in China has opened the week with a plunge of RMB 250 per tonne on Monday, October 25, to stand at RMB 21,650 per tonne, found the Shanghai Metals Market. The average prices are expected to range between RMB 21,630 per tonne and RMB 21,650 per tonne, with average prices...
NALCO sharply reduces its aluminium ingot price by INR18500/t or 6.8% with effect from October 23
National Aluminium Company Limited has sharply reduced its aluminium ingot and aluminium products prices with effect from Saturday, October 23, following a significant rise of INR 24,300 per tonne on October 15. With the latest cut, NALCO’s aluminium ingot price has come in at INR 253350-256850 per...
Europe’s largest smelter ‘Aluminium Dunkerque’ settles refinancing
On 22 nd October 2021, the largest aluminium smelter in Europe that specialises in the production of aluminium slabs and ingots, Aluminium Dunkerque Industries France SAS, formerly known as Liberty Industries France SAS accomplished the refinancing of its Senior Facility Agreement, comprising...
Hindalco’s aluminium ingot price plummets by INR10,500/t in line with two consecutive falls in LME aluminium price
Hindalco Industries Limited has sharply cut its aluminium ingot and aluminium products prices with effect from Friday, October 21, following several growths until October 19. Hindalco’s aluminium ingot price has shrunk by INR 10,500 per tonne from INR 277,000 per tonne to INR 266,500 per tonne. The...
China’s A00 aluminium ingot price sharply falls by RMB1120/t amid a gain in alumina price; Aluminium alloy(A356) price plummets by RMB1100/t
After hiking for the last three days exceeding RMB 24,000 per tonne, A00 aluminium ingot price in China has recorded a sharp fall of RMB 1,120 per tonne to come at the level of RMB 23,000 per tonne. According to the Shanghai Metals Market data, A00 aluminium ingot price has settled at RMB 23,120...
Hindalco’s aluminium billets price further gains INR2500/t to stand at INR287600/t on October 19
Hindalco Industries Limited has continued to increase its aluminium products prices, in line with the continuous rise in LME aluminium benchmark price. With effect from Tuesday, October 19, Hindalco’s aluminium billets price stood at INR 287,600 per tonne, up by INR 2,500 per tonne from INR 285,100...
NALCO’s aluminium ingot price sees a surge of INR24300/t or 10% W-o-W in line with a new leap of LME aluminium price
National Aluminium Company Limited has significantly increased its aluminium ingot and aluminium products prices, in line with a new leap of LME aluminium benchmark price. With effect from Friday, October 15, NALCO’s aluminium ingot price came in at INR 271,850-275,350 per tonne, up by INR 24,300...
Hindalco’s aluminium wire rod price soars by INR5750/t to be sold at INR285,600/t w.e.f. October 18
Hindalco Industries Limited has sharply increased its aluminium products prices with effect from Friday, October 15. The company’s aluminium wire rod price has seen a surge of INR 5,750 per tonne to come in at INR 285,600 per tonne. On October 14, the price stood at INR 279,850 per tonne, up by INR...
A00 aluminium ingot price exceeds RMB24000/t on October 18; Aluminium alloy (A356) price soars by RMB500/t
A00 aluminium ingot price in China has touched a new milestone by exceeding RMB 24,000 per tonne, found the Shanghai Metals Market. On Monday, October 18, the price has jumped by RMB 450 per tonne to come in at RMB 24,100 per tonne. The average prices are expected to range between RMB 24,080 per...
A00 aluminium ingot price rises by RMB90/t to settle at RMB23330/t; Aluminium alloy (A356) price soars to RMB27450/t
A00 aluminium ingot price witnessed a third-day rise in price as of the week. According to SMM, the primary aluminium ingot price has soared by RMB 90 per tonne to come in at RMB 23,330 per tonne. However, the average prices are expected to range between RMB 23,280 per tonne and RMB 23,320 per...
Alumina price in China climbs RMB91/t to settle at RMB3884/t; A00 aluminium ingot price exceeds RMB23000/t yet again
The average alumina spot price in China has hiked by RMB 91 per tonne on Tuesday, October 12, following restraint at RMB 3,884 per tonne from October 8 to October 11. According to the Shanghai Metals Market, the increase has brought the alumina spot price to RMB 3,975 per tonne. In Henan and...
Yunnan YunLv Yongxin Aluminium Co., Ltd. receives ASI Performance Standard certification for aluminium smelting and casting
Yunnan YunLv Yongxin Aluminium Co., Ltd., located in Yangjie Industrial Park, Jianshui County, has bagged the Aluminium Stewardship Initiative’s Performance Standard certification for aluminium smelting and casting operations. The products the company produces include electrolytic aluminium liquid,...
Hindalco Industries continues to grow its aluminium ingot price by INR3000/t with effect from October 8
Hindalco Industries Limited continued to expand its aluminium ingot and aluminium products prices for the third time in a row, with effect from Friday, October 8. Hindalco is presently selling its aluminium ingot at INR 253,750 per tonne, which is an increase of INR 3,000 per tonne or 1.20 per cent...
NALCO grows its aluminium ingot price by INR2600/t w.e.f. October 7 after a cut last week
National Aluminium Company Limited has increased its aluminium ingot and aluminium products prices with effect from Thursday, October 7, following a decline of INR 1,400 per tonne on October 1. NALCO’s aluminium ingot price is now standing at INR 247,550- 251,050 per tonne, up by INR 2,600 per...
Hindalco Industries increases aluminium ingot price back-to-back to INR250750/t
Hindalco Industries Limited further increased its aluminium ingot and aluminium products prices on the immediate next day, on October 6, 2021. That brought the company’s aluminium ingot price to INR 250,750 per tonne, up by INR 3,250 per tonne or 1.31 per cent from INR 247,500 per tonne on October...
Hindalco’s aluminium ingot price sees an increase of INR3000/t over the weekend ending October 5
Hindalco Industries Limited has increased its aluminium ingot and aluminium products prices with effect from Tuesday, October 5, following a cut of over 1.5 per cent on Friday, October 1. Over the weekend, Hindalco’s aluminium ingot price has gained INR 3,000 per tonne to come in at INR 247,500 per...
