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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Hindalco Industries slashes its aluminium products price by INR 2,000/t
Hindalco Industries Limited has further slashed its aluminium products price today. With effect from Thursday, 05 August 2021, aluminium billets and wire rods prices stand at INR 229,100 per tonne and INR 233,100 per tonne. This marks a drop of INR 2,000 per tonne from INR 231,100 per tonne and INR...
Vedanta continues to decrease aluminium ingot price by INR2000/t on Aug. 5 in line with further drop in LME aluminium price
Vedanta Limited has continued to decrease its aluminium ingot and aluminium product prices for the second straight day by INR 2,000 per tonne. With effect from Thursday, August 5, Vedanta’s aluminium ingot price has been reduced to INR 222,500-235,500 per tonne from INR 224,500-237,500 per tonne a...
China’s A00 aluminium ingot price grows slightly by RMB10/t after three days of decline; Caustic soda price shrinks to RMB1005/t
After decreasing for the past three consecutive days from RMB 19,850 per tonne to RMB 19,730 per tonne, A00 aluminium ingot price in China has inched up by RMB 10 per tonne on Thursday, August 5. According to SMM data, the primary aluminium ingot price is standing at RMB 19,740 per tonne, with...
Hindalco Industries: aluminium products price slips by INR 2,500/t with effect from August 4
Hindalco Industries Limited has cut its aluminium products price by more than 1%. With effect from Wednesday, 04 August 2021, aluminium billets and wire rods prices have come in at INR 231,100 per tonne and INR 235,100 per tonne, which indicates a decline of INR 2,500 per tonne from INR 233,600 per...
Vedanta reduces its aluminium wire rod price by 1% to INR232,000-239,500/t on August 4
Vedanta Limited has decreased its aluminium ingot and aluminium product prices with effect from Wednesday, August 4, in line with the fall in the LME aluminium benchmark price on August 3. Vedanta is currently selling its aluminium wire rod at INR 232,000-239,500 per tonne, down by INR 2,750 per...
NALCO’s aluminium ingot price soars by over INR10,000/t w.e.f. July 31; Present selling price is at INR225,250-228,750/t
National Aluminium Company Limited (NALCO) has sharply increased its aluminium ingot price by INR 10,100 per tonne or 4.7 per cent with effect from Saturday, July 31. This soar in price has brought the company’s aluminium ingot price to INR 225,250-228,750 per tonne compared to INR 215,150- 218,650...
China’s A00 aluminium ingot price drops by RMB30/t for the second straight day; Prebaked anode price grows to RMB4565/t
According to the Shanghai Metals Market, A00 aluminium ingot price in China has further decreased by RMB 30 per tonne on Tuesday, August 3, to stand below RMB 19,800 per tonne. Data shows the price has come in at RMB 19,790 per tonne, with average prices likely to range between RMB 19,770 per tonne...
Hindalco’s aluminium ingot price sees a sharp hike of INR5750/t with effect from July 31
Hindalco Industries Limited significantly increased its aluminium ingot and aluminium product prices on Saturday, July 31, which marked the fourth consecutive time of hike. The company’s aluminium ingot price came in at INR 226,500 per tonne, up by INR 5,750 per tonne from INR 220,750 per tonne on...
Vedanta sees INR 5,750/t hike in its aluminium ingots price
Vedanta has further hiked its aluminium products price by more than 2%. With effect from Saturday, July 31 2021, the prices of some aluminium ingots have come in at INR 227,250-240,250 per tonne, an increase of INR 5,750 per tonne from INR 221,500-234,500- per tonne on July 30. The billets price...
Weekly update: Aluminium ingot price in China saw mixed performance over the week; Alumina price ended flat
SMM aluminium ingot price witnessed fluctuations over the week. The week started with an increase of RMB 300 per tonne to stand at RMB 19630 per tonne on Monday. The price settled lower at RMB 19450 per tonne and RMB 19370 per tonne on Tuesday July 27 and Wednesday July 28. But the week ended...
NALCO aluminium ingot price gains INR3900/t to stand at INR215,150- 218,650/t this week
National Aluminium Company Limited (NALCO) has increased its aluminium ingot and aluminium product prices with effect from Wednesday, July 28, following a cut on July 23. The hike has brought in the aluminium ingot price at INR 215,150- 218,650 per tonne, up by INR 3,900 per tonne or 1.85 per cent...
Vedanta continues to increase its aluminium product prices by INR3000/t in line with LME aluminium price rally
Vedanta Limited has continued to expand its aluminium ingot and aluminium product prices in line with the steady growth in the LME aluminium benchmark price. With effect from Friday, July 30, Vedanta's aluminium wire rod price has come in at INR 229,000-236,500 per tonne, up by INR 3,000 per tonne...
Hindalco further grows its aluminium ingot price to INR220,750/t with effect from July 30
Hindalco Industries Limited has increased its aluminium ingot and aluminium product prices for the third time in a row, with effect from Friday, July 30. The company’s aluminium ingot price has come in at INR 220,750 per tonne, gaining INR 2,750 per tonne from the previous day. On July 29, Hindalco...
Hindalco Industries: Aluminium billets price increases by INR 2,000/t to INR 225,100 per tonne on July 29
Hindalco Industries Limited has continued to hike its aluminium products price. With effect from Thursday, 29 July 2021, aluminium billets and wire rods prices stand at INR 225,100 per tonne and INR 229,100 per tonne. That marked a growth of INR 2,000 per tonne from INR 223,100 per tonne and INR...
Vedanta Ltd grows aluminium wire rod and billet prices by INR1750/t with effect from July 29
Vedanta Limited has further increased its aluminium ingot and aluminium products prices, although lower than the previous day, with effect from Thursday, July 29. This marks a growth for the second consecutive time since July 24, bringing Vedanta’s aluminium ingot price to INR 218,500-231,500 per...
Alumina spot price in China grows by RMB23/t after three days of restraint; A00 aluminium ingot price comes below RMB19500/t
The average alumina spot price in China has recorded an increase of RMB 23 per tonne on Wednesday, July 28, after remaining restrained for the past three days at RMB 2,520 per tonne. According to the Shanghai Metals Market data, the hike today has brought the average alumina spot price to RMB 2,543...
China’s aluminium price stands at RMB 19540/t; Aluminium alloy (ZLD102) drops by RMB 100/t
SMM aluminium ingot price registered a drop after two days of hike. The price stood at RMB 19540 per tonne on Tuesday, July 27 2019, a decline of RMB 90 per tonne from RMB 19630 per tonne on July 26. The price is expected to move within a range of RMB 19520-19560 per tonne today. In Foshan and...
Hindalco Industries: Aluminium billets and wire rods prices rise by INR 4,250/t
Hindalco Industries Limited has raised its aluminium products price by 2%. With effect from Saturday, 24 July 2021, aluminium billets and wire rods prices stand at INR 223,100 per tonne and INR 227,100 per tonne, a jump of INR 4,250 per tonne from July 20’s price of INR 218,850 per tonne and INR...
