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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A00 aluminium ingot price in China grows above RMB19500/t; Aluminium alloys(ADC12) price gains RMB200/t
A00 aluminium ingot price in China has opened the week on Monday, July 26, with a surge of RMB 300 per tonne to come in at RMB 19,630 per tonne. The average prices are expected to range between RMB 19,610 per tonne and RMB 19,650 per tonne, with spot contract to be traded at a premium price of RMB...
Vedanta hikes its aluminium ingot price by INR 4,500/t on July 24
Vedanta has raised its aluminium products price by more than 2%. With effect from Saturday, July 24 2021, the prices of some aluminium ingots have risen by INR 4,500 per tonne to stand at INR 216,750-229,750 per tonne, from INR 212,250-225,250- per tonne on July 20. The billets price stands at INR...
NALCO’s aluminium ingot price declines to INR211,250-214,750/t with effect from July 23
National Aluminium Company Limited (NALCO) has decreased its aluminium ingot price by INR 4,000 per tonne with effect from Friday, July 23. This has brought the price to INR 211,250-214,750 per tonne versus INR 215,250- 218,750 per tonne on last Saturday, July 17. NALCO’s aluminium billets price...
China’s aluminium price jumps by RMB 270/t; Aluminium alloy (ADC12) price rises to RMB 18850/t
SMM aluminium ingot price increased by RMB 270 per tonne from Thursday. The price stood at RMB 19330 per tonne on Friday, July 23, 2021, from RMB 19060 per tonne. The price is expected to move within a range of RMB 19310-19350 per tonne today. In Foshan and Wuxi, the price inched up by RMB 270 per...
Alumina spot price in China climbs by RMB31/t after a week-long restraint; A00 aluminium ingot price slips to RMB19060/t
According to the Shanghai Metals Market, the average alumina spot price in China has increased by RMB 31 per tonne after remaining restrained at RMB 2,489 per tonne for a week. Thus, the price has come in at RMB 2,520 per tonne as of Thursday, July 22. In Henan, the average alumina price has gained...
China’s aluminium ingot price climbs to RMB 19090/t; Aluminium alloy (A356) price rises by RMB50/t
SMM aluminium ingot price increased by RMB 50 per tonne after two days of decline. The price came in at RMB 19090 per tonne on Wednesday, July 21, 2021, from RMB 19040 per tonne on July 20. The price is expected to move within a range of RMB 19070-19110 per tonne today. In Foshan and Wuxi, the...
Vedanta’s aluminium ingot price falls by INR 5,000 with effect from July 20
Vedanta has slashed its aluminium products price for the two days in a row. With effect from Tuesday July 20 2021, the prices of some aluminium ingots came in at INR 212,250-225,250 per tonne, down by more than 2% or INR 5,000 per tonne from INR 217,250-230,250 per tonne on July 16. The billets...
Hindalco’s aluminium ingot price sees a sharp fall of INR6000/t to INR211750/t w.e.f. July 20
Hindalco Industries Limited has sharply reduced its aluminium ingot and aluminium products prices with effect from Tuesday, July 20, following the two consecutive hikes last week. Hindalco’s aluminium ingot price has witnessed a cut of INR 6,000 per tonne on July 20 to come in at INR 211,750 per...
China's A00 aluminium ingot price continues to decline to RMB19040/t; Aluminium alloy(A356) price plunges by RMB300/t
A00 aluminium ingot price in China has continued to decrease for the second straight day to come close to RMB 19,000 per tonne. According to the Shanghai Metals Market, the price has plunged by RMB 290 per tonne to settle at RMB 19,040 per tonne on Tuesday, July 20.The average prices are expected...
RUSAL deploys neural network at the Irkutsk Aluminium Smelter to detect production quality of aluminium ingots
The Russian aluminium giant, RUSAL has deployed a neural network to detect the quality of aluminium ingots produced at the Irkutsk Aluminium Smelter. The latest system automatically scans the surface quality of small aluminium ingots during production. Surface defects on each aluminium ingot are...
NALCO increases aluminium ingot price by INR1200/t to INR215250- 218750/t w.e.f. July 17
National Aluminium Company Limited (NALCO) increased its aluminium ingot and aluminium products prices by INR 1,200 per tonne or 0.55 per cent with effect from Saturday, July 17. That brought the aluminium ingot price to INR 215250- 218750 per tonne versus INR 214,050-217,550 per tonne on...
China’s aluminium ingot price drops by RMB 80/t; Aluminium alloy (ZLD102) price stands lower at RMB20,000/t
SMM aluminium ingot price marked a decline of RMB 80 per tonne in Monday, 19 July, 2021. The price stood at RMB 19330 per tonne, from RMB 19410 per tonne on July 16. The price is expected to move within a range of RMB 19310-19350 per tonne today. In Foshan and Wuxi, the price dropped by RMB 60 per...
Vedanta slashes its aluminium ingot price by INR 1,250/t
Vedanta has cut its aluminium products price after raising it for the two days in a row. With effect from Friday July 16 2021, the prices of some aluminium ingots stood at INR 217,250-230,250 per tonne, a drop of by INR 1,250 per tonne from INR 218,500-231,500 per tonne on July 15. The billets...
Weekly update: Aluminium ingot price in China performed higher this week; Alumina price remained flat
SMM aluminium ingot price performed higher this week. The week started with an increase of RMB 210 per tonne and RMB 100 per tonne on Monday and Tuesday to RMB 19060 per tonne and RMB 19160 per tonne. The price then dropped to RMB 19140 per tonne, down RMB 20 per tonne on Wednesday. Aluminium price...
Hindalco Industries: Aluminium wire rods price inches up to INR 228,850/t
Hindalco Industries Limited has further hiked its aluminium products price. With effect from Friday, 15July 2021, aluminium billets and wire rods prices stand at INR 224,850 per tonne and INR 228,850 per tonne, an increase of INR 2,500 per tonne from INR 222,350 per tonne and INR 226,350 per tonne...
Vedanta’s aluminium ingot price climbs by 1.27% to INR 218,500-231,500/t with effect from July 15
Vedanta has continued to raise its aluminium products price. With effect from Thursday, July 15 2021, the prices of some aluminium ingots have come in at INR 218,500-231,500 per tonne, up by INR 2,750 per tonne or 1.27% from INR 215,750-228,750 per tonne on July 14. The billets price stands at INR...
Hindalco Industries’ aluminium billets price grows by INR 2,500/t with effect from July 14
Hindalco Industries Limited has raised its aluminium products price by INR 2,500 per tonne or more than 1%. With effect from Wednesday, 14 July 2021, aluminium billets and wire rods prices stand at INR 222,350 per tonne and INR 226,350 per tonne. That was an increase of INR 2,500 per tonne from INR...
NALCO reduces its aluminium ingot price by over 1.5% to INR214,050-217,550/t w.e.f. July 14
National Aluminium Company Limited (NALCO) has decreased its aluminium ingot and aluminium products prices, following a hike last week, June 7. With effect from Wednesday, July 14, NALCO’s aluminium ingot price has come in at INR 214,050-217,550 per tonne, down by INR 3,700 per tonne or 1.7 per...
