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
Alumina powder production drops by 6% in Iran to settle at 96,400/t
The Iranian Ministry of Industry, Mining and Trade revealed that nation’s alumina powder production has dropped down by 6% as compared to the five-month production in the last year. Iran has produced around 96, 400 tons of alumina powder during the first five months of the current Iranian calendar...
Hindalco Industries cuts its aluminium billets price by over 1.5% to INR251,600/t w.e.f. October 1
Hindalco Industries Limited decreased its aluminium products prices with effect from Friday, October 1, a day after it increased the prices on September 30. The latest cut has brought the company’s aluminium billets price to INR 251,600 per tonne, down by INR 4,500 per tonne or 1.76 per cent from...
NALCO reduces its aluminium ingot price by INR1400/t w.e.f. Oct.1 in line with LME aluminium price fall W-o-W
National Aluminium Company Limited (NALCO) has reduced its aluminium ingot and aluminium products prices with effect from Friday, October 1, following an increase on September 25. NALCO has cut its aluminium ingot price by INR 1,400 per tonne to INR 244,950-248,450 per tonne on October 1. On...
Hindalco’s aluminium wire rod price amounts to INR260,100/t; sees a rise of INR3500/t on September 30
After two consecutive declines on September 25 and 28, Hindalco Industries Limited has increased its aluminium products and aluminium ingot prices with effect from Thursday, September 30. Hindalco’s aluminium wire rod price has come in at INR 260,100 per tonne, up by INR 3,500 per tonne from INR...
A00 aluminium ingot price shrinks by RMB190/t to close at RMB22630/t; Aluminium alloy (A356) price settles lower at RMB26750/t
According to the Shanghai Metals Market, A00 aluminium ingot price has shrunk by RMB 190 per tonne to come in at RMB 22,630 per tonne on Thursday, September 30, following a sharp rise of RMB 330 per tonne on the previous day to RMB 22,820 per tonne. The average prices are expected to range between...
NALCO’s aluminium ingot price sees a rise of INR3500/t with effect from September 25
National Aluminium Company Limited (NALCO) has increased its aluminium ingot and aluminium products prices with effect from Saturday, September 25, after a week it decreased the prices on September 17. With the latest hike, NALCO’s aluminium ingot price has come in at INR 246,350-249,850 per tonne,...
Average alumina spot price in China continues to grow by RMB76/t to stand above RMB3800/t; A00 aluminium ingot price climbs by RMB330/t
According to the Shanghai Metals Market, the average alumina spot price has continued to grow for the third consecutive day to stand above RMB 3,800 per tonne. SMM data shows the price has built up by RMB 76 per tonne to come in at RMB 3,820 per tonne on Wednesday, September 29. The average alumina...
Hindalco’s aluminium wire rod and billets prices stand at INR1500/t lower on Sept. 28, reflects LME aluminium price fall
Hindalco Industries Limited has further lowered its aluminium products and aluminium ingot prices on Tuesday, September 28, in line with back-to-back LME aluminium price fall. With effect from September 28, Hindalco has reduced its aluminium wire rod price by INR 1,500 per tonne to INR 256,600 per...
A00 aluminium ingot price plummets by RMB440/t to close at RMB22490/t; Alumina price gains RMB11/t to RMB3744/t
On Tuesday, September 28, A00 aluminium ingot price has plummeted by RMMB 440 per tonne to stand at RMB 22,490 per tonne, found the Shanghai Metals Market. The average prices are expected to range between RMB 22,470 per tonne and RMB 22,510 per tonne, with spot contract to be traded at a premium...
Average alumina spot price in China opens the week higher at RMB3733/t; Aluminium fluoride price soars by RMB400/t
The average alumina spot price in China has opened the week on Monday, September 27, soaring by RMB 126 per tonne to come in at RMB 3,733 per tonne, found the Shanghai Metals Market. The continued raw materials supply disruptions from Guinea as well as domestic alumina production cut as refineries...
Hindalco back-to-back grows its aluminium ingot price by INR3750/t with effect from September 24
Hindalco Industries Limited has increased its aluminium ingot and aluminium products prices for the second day in a row by INR 3,750 per tonne on Friday, September 24. The latest hike has brought the company’s aluminium ingot price at INR 249,500 per tonne, up by INR 3,750 per tonne or 1.53 per...
A00 aluminium ingot price nosedives by RMB400/t to stand at RMB22920/t; Aluminium alloy(A356) price closes lower at RMB26900/t
A00 aluminium ingot price has nosedived by RMB 400 per tonne on Friday, September 24, after hiking by RMB 500 per tonne on the previous day. According to the Shanghai Metals Market, the price has thus come in at RMB 22,920 per tonne, with average prices expected to range between RMB 22,900 per...
Hindalco’s aluminium ingot price grows by INR1250/t on September 22 after declining on the previous day
Soon after a day of decline, Hindalco’s aluminium ingot and aluminium products prices have seen a rise with effect from Wednesday, September 22. Hindalco Industries Limited has increased its aluminium ingot price by INR 1,250 per tonne or 0.52 per cent to INR 243,250 per tonne on September 22. On...
Hindalco's aluminium ingot price declines by INR5000/t on September 21 after seveal hikes since Septmber 8
Hindalco Industries Limited has reduced its aluminium ingot and aluminium products prices with effect from Tuesday, September 21, after several hikes since September 8. The company has cut its aluminium ingot price by INR 5,000 per tonne to INR 242,000 per tonne on September 21. On September 18,...
Hindalco’s aluminium wire rod price expands by INR3250/t to INR258100/t with effect from September 18
On Saturday, September 18, Hindalco Industries Limited continued to increase its aluminium products prices, bringing its aluminium wire rod price to INR 258,100 per tonne. That was an increase of INR 3,250 per tonne or 1.28 per cent from INR 254,850 per tonne on September 16. Hindalco’s aluminium...
Primary Aluminium Weekly Recap: China’s August aluminium output falls for the fourth straight month to 3.16 MT; Japanese buyer to pay $220/t premium for Q4 aluminium shipments
The most notable event we witnessed this week in the global primary aluminium sector was the LME aluminium price leap to a 13-year high at US$3,000 per tonne, fuelled by raw materials supply disruptions in Guinea coupled with production restrictions in China. But both the LME aluminium cash (bid)...
NALCO cuts aluminium ingot price by INR3000/t as LME aluminium price quits 13-year high
National Aluminium Company Limited (NALCO) has decreased its aluminium ingot and aluminium products prices as the LME aluminium benchmark price signs off from the 13-year high. With effect from Friday, September 17, NALCO’s aluminium ingot price has come in at INR 242,850-246,350 per tonne, down by...
Hindalco’s aluminium ingot selling price grows on September 16 to settle at INR243,750/t
Hindalco Industries Limited has slightly increased its aluminium ingot and aluminium products prices with effect from Thursday, September 16, the next day after it sharply reduced its aluminium prices by INR 8,250 per tonne. As of September 16, Hindalco’s aluminium ingot price is standing at INR...
