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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Achievement amid COVID-19: Sohar Aluminium’s 2020 primary aluminium production exceeds capacity totalling 396,929 tonnes
Sohar Aluminium Company, the first aluminium smelter in the Sultanate of Oman, has reportedly overcome all the challenges posed by the COVID-19 pandemic since early 2020 and has successfully achieved an annual primary aluminium production of 396,929 tonnes. That exceeded the smelter’s production...
Hindalco Industries continues to increase aluminium ingot price to INR229,750/t w.e.f. August 28
Hindalco Industries Limited continued to increase aluminium ingot and aluminium products prices with effect from Saturday, August 28. Hindalco raised its aluminium ingot price by INR 2,000 per tonne from INR 227,750 per tonne on August 25 to INR 229,750 per tonne on August 28. Hindalco’s aluminium...
Vedanta Limited further increases aluminium billet and wire rod prices by INR2000/t with effect from August 28
Vedanta Limited has continued to increase its aluminium products prices for the third time in a row, with effect from Saturday, August 28, after a cut of INR 3,500 per tonne on August 19. The company’s aluminium wire rod price has come in at INR 237,750-245,250 per tonne, up by INR 2,000 per tonne...
Alumina price in China climbs by RMB 6/t; Aluminium price stands at RMB 20540/t
The alumina price in China has registered a hike of RMB 6 per tonne. The price stands at RMB 2757 per tonne on Thursday, 26 August, from 2751 per tonne, as updated by Shanghai Metals Market. The prices of alumina in Shandong, Guizhou and Guangxi markets have risen to stand at RMB 2760 per tonne,...
NALCO’s aluminium ingot price rebounds to INR226,750-230,250/t in line with LME aluminium price hike
National Aluminium Company Limited’s aluminium ingot price and aluminium products prices rebounded on Wednesday, August 25, following a sharp decline in the previous week. The company has reported that it is now selling its aluminium ingot at INR 226,750-230,250 per tonne, up by INR 8,000 per tonne...
Hindalco expands its aluminium wire rod and billets prices for the second day in row by INR2750/t on August 25
Hindalco Industries Limited has further expanded its aluminium wire rod and billets prices on Wednesday, August 25, marking the second day of hike in a row. The company is currently selling its aluminium wire rod at INR 238,850 per tonne, up by INR 2,750 per tonne or 1.16 per cent from INR 236,100...
Vedanta raises its aluminium ingot price by INR 2,750/t to INR 228,250-241,250/t
Vedanta has hiked its aluminium products price by INR 2,750 per tonne. With effect from Wednesday, 25 August 2021, the prices of some aluminium ingots stand at INR 228,250-241,250 per tonne, up by more than 1% from INR 225,500-238,500- per tonne on August 24. The billets price stands at INR 236,250...
Alumina spot price in China further grows by RMB53/t to settle at RMB2751/t; A00 aluminium ingot price exceeds RMB20500/t
Average alumina spot price in China has continued to increase by RMB 53 per tonne for the second consecutive day to come in at RMB 2,751 per tonne as of Wednesday, August 25, found the Shanghai Metals Market. In Henan, the price has grown the highest by RMB 75 per tonne to stand at RMB 2,800 per...
Vedanta slightly increases aluminium wire rod price by 0.65% to INR233,000-240,500/t on August 24
Vedanta Limited has increased its aluminium products prices and aluminium ingot price with effect from Tuesday, August 24. The company’s aluminium wire rod price has come in at INR 233,000-240,500 per tonne, up by INR 1,500 per tonne from INR 231,500-239,000 per tonne on August 19. Hindalco is...
Hindalco grows its aluminium ingot price by INR1500/t on August 24 in line with LME aluminium price uptrend
Hindalco Industries Limited has increased its aluminium ingot and aluminium products prices by INR 1,500 per tonne with effect from Tuesday, August 24. The company’s aluminium ingot price has come in at INR 225,000 per tonne compared to INR 223,500 per tonne on August 19. Hindalco is selling its...
NALCO’s aluminium ingot price sees a sharp fall of INR8100/t with effect from August 20
National Aluminium Company Limited (NALCO) sharply cut its aluminium ingot and aluminium products prices, with effect from Friday, August 20, following a hike of 2.25 per cent on Tuesday, August 17. The company’s aluminium ingot price witnessed a slash of INR 8,100 per tonne or 3.57 per cent from...
A00 aluminium ingot price in China opens the week higher at RMB20360/t; Imported alumina price grows by US$5/t
A00 aluminium ingot price in China has jumped by RMB 260 per tonne to open the week on Monday, August 23, at RMB 20,360 per tonne, found the Shanghai Metals Market. The average prices are expected to range between RMB 20,340 per tonne and RMB 20,380 per tonne, with spot contract to be traded at a...
China’s aluminium price inches up to RMB 20100/t; expected to range at RMB 20080-20120/t
SMM aluminium ingot price stands at RMB 20100 per tonne on Friday, 20 August 2021, representing an increase of RMB 20 per tonne from Thursday’s price of RMB 20080 per tonne. The price is expected to move within a range of RMB 20080-20120 per tonne. In Wuxi, the price has increased by RMB 85 per...
Vedanta cuts its aluminium ingots price by INR 3,500/t
Vedanta has cut its aluminium products price by more than 2%. With effect from Thursday, 19 August 2021, the prices of some aluminium ingots have come in at INR 224,000-237,000 per tonne. This is down by INR 3,500 per tonne from INR 227,500-240,500- per tonne on August 18. The billets price stands...
Hindalco Industries reduces aluminium ingot selling price to INR223,500/t with effect from August 19
Hindalco Industries Limited has reduced its aluminium ingot and aluminium products prices with effect from Thursday, August 19, after increasing them three times in a row since the week last. Hindalco’s aluminium ingot price has witnessed a slash of INR 3,500 per tonne or 1.54 per cent from INR...
Alumina spot price in China climbs RMB23/t after over a week-long restraint; A00 aluminium ingot price plunges by RMB260/t
The average alumina spot price in China has climbed by RMB 23 per tonne to RMB 2,667 per tonne on Thursday, August 19, after remaining restrained at RMB 2,644 per tonne from August 6 to 18, found the Shanghai Metals Market. In Guangxi, the price has increased by RMB 35 per tonne to stand at RMB...
Hindalco Industries hikes its aluminium billets price by INR 2,500/t to INR 234,100/t
Hindalco Industries Limited has raised its aluminium products price by more than 1%. With effect from Wednesday, 18 August 2021, aluminium billets and wire rods prices have come in at INR 234,100 per tonne and INR 238,100 per tonne. This is up by INR 2,500 per tonne from INR 231,600 per tonne and...
China’s aluminium ingot price grows by RMB 110/t; Aluminium alloy (A356) inches up to RMB 20950/t
SMM aluminium ingot price increased after registering a drop yesterday. The price grew by RMB 110 per tonne to stand at RMB 20340 per tonne on Wednesday, August 18, from RMB 20230 per tonne on August 17. The price is expected to move within a range of RMB 20320-20360 per tonne today. In Foshan and...
