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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Vedanta continues to grow aluminium billet price by over 1.5% to sell it at INR258,750/t
Vedanta Limited has continued to grow its aluminium products prices for the fifth time in row, with effect from Tuesday, September 14. According to the price list revealed by Vedanta, its aluminium billets price has come in at INR 258,750 per tonne, up by INR 4,000 per tonne or 1.57 per cent from...
Hindalco’s aluminium ingot price sees highest growth of INR10500/t in tandem with LME aluminium price leap to US$3000/t
Hindalco Industries Limited has sharply increased its aluminium ingot and aluminium products prices with effect from Tuesday, September 14, in tandem with the LME aluminium price leap to a new high in 13 years at US$3,000 per tonne on September 13. Hindalco has raised its aluminium ingot price by...
Vedanta expands its aluminium billet & wire rod prices by INR6250/t
Vedanta Limited expanded its aluminium products prices by INR 6,250 per tonne on Saturday, September 11, bringing its aluminium wire rod price to INR 254,250-261,750 per tonne, in comparison with INR 248,500-255,500 on Friday, September 10. As per Vedanta’s report, its aluminium billet price grew...
NALCO’s aluminium ingot price sees highest growth of INR14700/t with effect from September 11
National Aluminium Company Limited has reported a sharp growth in aluminium ingot price and aluminium products prices with effect from Saturday, September 11. NALCO’s aluminium ingot price has witnessed a spike of INR 14,700 per tonne to INR 245,850-249,350 per tonne, in comparison with INR...
A00 aluminium ingot price in China soars by RMB770/t to stand the highest since 2008; Aluminium alloys(ADC12) price grows above RMB230000/t
Shanghai aluminium prices have reached the highest level on Monday since 2008, fuelled by supply concerns in China, the world’s biggest consumer of the metal. Output curbs in China, the world’s biggest aluminium producer, and political turmoil in Guinea, China’s top source of bauxite, have further...
Primary Aluminium Weekly Recap: China’s A00 aluminium ingot price sees a 13-year high; Rusal appoints former Chalco trader Deng Gang
This week, the global aluminium industry is shook by the military coup in Guinea on September 5, which has impacted the raw material supply to the metal industry. As a result, the primary aluminium production is facing a disruption, causing an incessant hike in prices. Both the global aluminium...
Vedanta Limited increases its aluminium wire rod price back-to-back to INR248,000-255,500/t
Vedanta Limited expanded its aluminium products prices by INR 4,250 per tonne on Thursday September 9, bringing its aluminium wire rod price to INR 244,500-252,000 per tonne. On Friday, September 10, Vedanta’s aluminium wire rod price again saw a hike of INR 3,500 per tonne to come in at INR...
Hindalco sharply grows its aluminium ingot price by INR4,250/t or 2% w.e.f. September 9
Hindalco Industries Limited has continued to increase its aluminium ingot and aluminium products prices for the fourth time in a row, with effect from Thursday, September 9. Hindalco’s aluminium ingot price has come in at INR 236,500 per tonne, up by INR 4,250 per tonne or 1.83 per cent from INR...
Vedanta’s aluminium ingot selling price gains INR4250/t to INR232,750-245,750/t w.e.f. September 7
Vedanta Limited announced that it increased its aluminium ingot and aluminium products prices with effect from Tuesday, September 7, bringing its aluminium ingot price to INR 232,750-245,750 per tonne. That was an increase of INR 4,250 per tonne from INR 228,500-241,500 per tonne on September 3....
Hindalco Industries hikes its aluminium wire rod and billets prices by 2% in line with LME aluminium price rally
Hindalco Industries Limited continued to increase its aluminium products and aluminium ingot prices in line with LME aluminium benchmark price rally as an outcome of interrupted raw material supply due to military coup in Guinea. With effect from Tuesday, September 7, Hindalco’s aluminium wire rod...
NALCO sharply increases its aluminium ingot price by INR6400/t as LME aluminium price hit 10-year high yet again
A week after reducing the aluminium ingot price by INR 2,000 per tonne, National Aluminium Company Limited (NALCO) has sharply increased the price of its ingot with effect from Tuesday, September 7. Seeing a rise of INR 6,400 per tonne or 2.80 per cent on September 7, NALCO’s aluminium ingot price...
Vedanta’s aluminium wire rod and billets prices see a hike of INR2250/t with effect from September 3
Vedanta Limited increased its aluminium products prices by INR 2,250 per tonne or 1 per cent with effect from Friday, September 3, bringing aluminium wire rod price to INR 236,000-243,500 per tonne from INR 233,750-241,250 per tonne on September 2. Since the last hike, the company’s aluminium...
Hindalco’s aluminium ingot price grows by INR2000/t to INR227,750/t with effect from September 3
Hindalco Industries Limited increased its aluminium ingot and aluminium products prices with effect from September 3, the next day after it reduced the prices by INR 4,000 per tonne. The company’s aluminium ingot price came in at INR 227,750 per tonne, up by INR 2,000 per tonne or 0.90 per cent...
ASI certifies Alcoa’s two smelting facilities in Quebec against Performance Standard Certification
According to a recent report, Aluminium Stewardship Initiative (ASI) has successfully certified Alcoa’s Aluminerie de Bécancour (ABI) and Aluminerie de Deschambault smelters in Quebec, Canada, against the Performance Standard Certification for responsible production, sourcing and stewardship of...
China’s alumina spot price continues to grow to stand at RMB3074/t; A00 aluminium ingot price settles RMB100/t higher
The average alumina spot price in China has continued to grow for the fifth day in a row to reach at RMB3,074 per tonne as of Friday, September 3. According to the Shanghai Metals Market, the price has increased by RMB45 per tonne today from RMB3,029 per tonne on September 2. In Shandong, alumina...
NALCO’s aluminium ingot selling price drops by INR2000/t with effect from September 1
National Aluminium Company Limited (NALCO) has decreased its aluminium ingot and aluminium products prices with effect from Wednesday, September 1. After rebounding by INR 8,000 per tonne on August 25, NALCO’s aluminium ingot price has reduced by INR 2,000 per tonne or 0.88 per cent from INR...
Vedanta cuts aluminium wire rod and billet prices by 1.7% on September 2 after three consecutive hikes
Vedanta Limited has decreased its aluminium products prices by INR 4,000 per tonne or 1.68 per cent with effect from Thursday, September 2, bringing the aluminium wire rod price to INR 233,750-241,250 per tonne from INR 237,750-245,250 per tonne on August 28. The company’s aluminium billet price...
Hindalco Industries reduces aluminium ingot price by INR4,000/t as LME aluminium price descends from 10-year high
Hindalco Industries Limited has decreased its aluminium ingot and aluminium products prices with effect from Thursday, September 2, after increasing them for three consecutive times from August 24-28. From today, Hindalco is selling its aluminium ingot at INR 225,750 per tonne, down by INR 4,000...
