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
Vedanta grows its aluminium wire rod and billets prices for the third time in a row by INR2500/t
Vedanta Limited has increased its aluminium products prices for the third time in a row since last Wednesday, August 11. With effect from August 18, the company’s aluminium wire rod price has come in at INR 235,000-242,500 per tonne, up by INR 2,500 per tonne from INR 232,500-240,000 per tonne on...
NALCO grows its aluminium ingot and product prices by INR5000/t on August 17 after a cut ten days ago
National Aluminium Company Limited (NALCO) has significantly increased its aluminium ingot and aluminium product prices with effect from Tuesday, August 17, following a cut of INR 3,400 per tonne more than ten days ago on August 6. The company’s aluminium ingot price is now ranging between INR...
A00 aluminium ingot price in China dips by RMB20/t to stand at RMB20230/t; Caustic soda price inches down by RMB5/t
A00 aluminium ingot price in China has dipped by RMB 20 per tonne on Tuesday, August 17, to come in at RMB 20,230 per tonne, following a hike of RMB 200 per tonne on the previous day, found the Shanghai Metals Market. The average prices are expected to range between RMB 20,210 per tonne and RMB...
ASI certifies Yunnan Yongshun Aluminium Co., Ltd. against Chain of Custody Standard Certification
Aluminium Stewardship Initiative has reportedly certified Yunnan Yongshun Aluminium Co., Ltd. against the ASI Chain of Custody Standard Certification for its smelting, casting and sawing activities for the production of aluminium alloy flat ingots. Yunnan Yongshun Aluminium Co., Ltd., a joint...
Iran’s aluminium ingots production escalates by 26% in the first four months
The Iranian Mines and Mining Industries Development and Renovation Organization (IMIDRO) has reported that the aluminium ingots production of the nation has escalated by 26.30% during the first four months of the current Iranian year (from March 21 through July 22, 2021), when compared to the same...
Hindalco’s aluminium ingot price sees another hike this week to reach at INR 224,500/t
Hindalco Industries Limited has continued to increase its aluminium ingot and aluminium product prices by INR 1,500 per tonne or 0.67 per cent with effect from Friday, August 13. Marking the second consecutive hike this week, Hindalco’s aluminium ingot price has come in at INR 224,500 per tonne...
Vedanta Limited continues to grow aluminium ingot price by INR1500/t w.e.f. August 13
Vedanta Limited has extended growth of its aluminium ingot and aluminium product prices on Friday, August 13. The company’s aluminium ingot price has come in at INR 225,000-238,000 per tonne, up by INR 1,500 per tonne from INR 223,500-236,500 per tonne on August 11. Vedanta’s aluminium wire rod...
A00 aluminium ingot price in China grows by RMB30/t to close the week at RMB20,050/t: SMM
A00 aluminium ingot price in China has climbed by RMB 30 per tonne to close the week, ending on Friday, August 13, at RMB 20,050 per tonne, found the Shanghai Metals Market. The average prices are expected to range between RMB 20,030 per tonne and RMB 20,070 per tonne, with spot contract to be...
Hindalco Industries: aluminium products price registers a hike of INR 3,000 per tonne
Hindalco Industries Limited has hiked its aluminium products price after cutting the price of the same products yesterday. With effect from Wednesday, 11 August 2021, aluminium billets and wire rods prices have come in at INR 230,100 per tonne and INR 234,100 per tonne, a growth of INR 3,000 per...
Vedanta’s aluminium billet price recovers from the decline by INR3000/t on August 11
Vedanta Limited has increased its aluminium product prices on August 11, a day after it significantly reduced the prices on August 10. The latest hike has brought the company’s aluminium billet price to INR 231,500 per tonne, up by INR 3,000 per tonne from INR 228,500 per tonne. Vedanta’s aluminium...
A00 aluminium ingot price in China exceeds RMB20,000/t; Alumina spot price inches up by RMB2/t
On Wednesday, August 11, A00 aluminium ingot price in China has jumped by RMB 210 per tonne to stand above RMB 20,000 per tonne, following the two consecutive days of decline. According to the Shanghai Metals Market data, the price has come in at RMB 20,080 per tonne as of August 11, with average...
Hindalco Industries reduces its aluminium products price by INR 5,500/t
Hindalco Industries Limited has cut its aluminium products price by INR 5,500 per tonne. With effect from Tuesday, 10 August 2021, aluminium billets and wire rods prices have come in at INR 227,100 per tonne and INR 231,100 per tonne. This is down by more than 2% from INR 232,600 per tonne and INR...
China’s aluminium production grows 1.9% M-o-M and 5% Y-o-Y to 3.28 million tonnes in July 2021: SMM
In July 2021, China produced 3.28 million tonnes of aluminium, which stood 1.86 per cent higher month-on-month from 3.22 million tonnes and 5 per cent on year from 3.12 million tonnes. However, the average daily output edged lower on a month by 1 per cent to 106,000 tonnes in July. The output...
Vedanta’s aluminium wire rod price sees a sharp decline of INR5500/t on August 10
Vedanta Limited has sharply reduced its aluminium product prices with effect from Tuesday, August 10, in tandem with the plunge in LME aluminium benchmark price on August 9. Vedanta’s aluminium wire rod price has seen a cut of INR 5,500 per tonne or 2.30 per cent on Tuesday and standing at INR...
Vedanta raises its aluminium ingots price by INR 3,500/t
Vedanta has increased its aluminium products price by more than 1%. With effect from Saturday, August 7 2021, the prices of some aluminium ingots have stood at INR 226,000-239,000 per tonne, an increase of INR 3,500 per tonne from INR 222,500-235,500- per tonne on August 5. The billets price stands...
Hindalco’s aluminium ingot price builds-up INR3500/t after two back-to-back cuts
Hindalco Industries Limited has increased its aluminium ingot and aluminium product prices with effect from Saturday, August 7, in line with two consecutive hikes on August 5 & 6 from US$ 2,575.50 per tonne to US$ 2,618.50 per tonne. Hindalco’s aluminium ingot price has been raised by INR 3,500 per...
Alumina spot price in China grows for the second day in a row by RMB11/t; A00 aluminium ingot price declines to RMB19890/t
The average alumina spot price in China has opened the week on Monday, August 9, with an increase of RMB 11 per tonne to RMB 2,603 per tonne. This marks the second consecutive day of hike, following a rise of RMB 8 per tonne from RMB 2,584 per tonne to RMB 2,592 per tonne. In Shanxi and Shandong,...
NALCO’s aluminium ingot price sees a downfall of INR3400/t with effect from August 6
National Aluminium Company Limited (NALCO) has reduced its aluminium ingot and aluminium product prices with effect from Friday, August 6, following a sharp hike in the previous week. NALCO’s aluminium ingot price is currently ranging between INR 221,850-225,350 per tonne, down by INR 3,400 per...
