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 reports INR 2,500/t hike in its aluminium ingot price
Vedanta has hiked its aluminium products price by more than 1%. With effect from Wednesday, July 14 2021, the prices of some aluminium ingots have increased by INR 2,500 per tonne to stand at INR 215,750-228,750 per tonne, from INR 213,250-226,250- per tonne on July 13. The billets price stands at...
Hindalco Industries cuts its aluminium ingot price by 1% to INR212750/t on July 13
Hindalco Industries Limited decreased its aluminium ingot and aluminium products prices by INR 2,250 per tonne or 1 per cent with effect from Tuesday, July 13. This has brought the company’s aluminium ingot price to INR 212,750 per tonne from INR 215,000 per tonne on July 10. Hindalco Industries’...
Vedanta reduces its aluminium wire rod and billet prices by INR2250/t or 1% with effect from July 13
Vedanta Limited has reduced its aluminium products and aluminium ingot prices with effect from Tuesday, July 13, in line with the decline in LME aluminium benchmark price on Monday, July 12. Vedanta’s aluminium wire rod price has come in at INR 220,750- 228,250 per tonne, up by INR 2,250 per tonne...
Iran’s aluminium production increases 30% in three months
Iran's aluminium production stood at 131,376 tonnes during the first three months of the current Iranian year (March 21-June 21), from 101,202 tonnes in the previous year. Aluminum ingot output registered a hike of 30% compared with the same period last year, according to data released by the...
Vedanta raises its aluminium ingots price by INR 2,750/t on July 10
Vedanta has raised its aluminium products price after cutting the price of same product on July 9. With effect from Saturday, July 10 2021, the prices of some aluminium ingots have risen by INR 2,750 per tonne to stand at INR 215,500-228,500 per tonne, from INR 212,750-225,750- per tonne on July 9....
Hindalco’s aluminium wire rod price grows by INR2750/t with effect from July 10
Hindalco Industries Limited increased its aluminium products and aluminium ingot prices on Saturday, July 10, a day soon after it sharply reduced the prices. The company grew its aluminium wire rod price by INR 2,750 per tonne to sell the product at INR 226,100 per tonne. On Friday, July 9,...
Bauxite (4.5≤Al/Si＜5.5) Henan price grows RMB27.50/t after a month-long restraint; A00 aluminium ingot price soars above RMB19000/t
After a month-long restraint, bauxite (4.5≤Al/Si＜5.5) Henan price has increased by RMB 27.50 per tonne to stand at RMB 387.50 per tonne as of Monday, July 12, found the Shanghai Metals Market. The average prices are expected to range between RMB 365-410 per tonne. Among other primary aluminium...
Hindalco’s aluminium ingot price sees a sharp cut of 3% or INR7000/t with effect from July 9
Hindalco Industries Limited has reduced its aluminium ingot price by 3 per cent or INR 7,000 per tonne with effect from Friday, July 9, bringing it to INR 212,250 per tonne from INR 219,250 per tonne on July 3. With the latest cut, Hindalco is selling its aluminium wire rod at INR 223,350 per...
China’s aluminium price inches up to RMB 18850/t; expected to range at RMB 18830-18870/t
SMM aluminium ingot price stands at RMB 18850 per tonne on Friday, July 9, 2021, marking an increase of RMB 30 per tonne from Thursday’s price of RMB 18820 per tonne. The price is expected to move within a range of RMB 18830-18870 per tonne. In Foshan, the price has increased by RMB 20 per tonne to...
Vedanta sharply cuts its aluminium wire rod and billet prices by INR7000/t with effect from July 9
Vedanta Limited has slashed its aluminium products and aluminium ingot prices after a week since it increased the prices by INR 4,000 per tonne on July 3. The company has decreased its aluminium wire rod and aluminium billet prices sharply by INR 7,000 per tonne or 3 per cent with effect from...
NALCO hikes its aluminium ingot price for the third time in a row to INR217,750-221,250/t on July 7
National Aluminium Company Limited’s (NALCO) aluminium ingot and aluminium products prices have extended their hikes for the third time in a row, from June 25 to July 7. With the latest rise on Wednesday, July 7, NALCO’s aluminium ingot price has come in at INR 217,750-221,250 per tonne, up by INR...
SMM aluminium ingot price slips RMB 280/t; Aluminium Alloy (A356) price stands lower at RMB19450/t
SMM aluminium ingot dropped after two days of hike. The price stood at RMB 18840 per tonne on Wednesday, 07 July 2021, from RMB 19120 per tonne. That was down RMB 280 per tonne. The price is expected to move within a range of RMB 18820-18860 per tonne today. In Foshan and Wuxi, the price declined...
Vedanta hikes its aluminium ingot price by INR 4,000/t
Vedanta has hiked its aluminium products price by more than 1%. With effect from Saturday, July 3 2021, the prices of some aluminium ingots have risen by INR 4,000 per tonne to stand at INR 219,750-232,750 per tonne, from INR 215,750-228,750- per tonne on July 2. The billets price stands at INR...
China’s A00 aluminium ingot price slows down its growth to RMB20/t; Aluminium alloys prices stand muted
On Tuesday, July 6, A00 aluminium ingot price in China has slowed down its growth to RMB 20 per tonne compared to the sharp rise of RMB 430 per tonne on the previous day. According to the Shanghai Metals Market, the price is standing at RMB 19,120 per tonne, with average prices expected to range...
Hindalco increases aluminium wire rod and billets prices by INR3500/t with effect from July 3
Hindalco Industries Limited further increased its aluminium wire rod and billets prices, although slower than the previous day, with effect from Saturday, July 3. Both aluminium wire rod and aluminium billets prices rose by INR 3,500 per tonne to come in at INR 230,350 per tonne and INR 226,350 per...
Vedanta raises its aluminium ingot price by INR 3,750 on July 1
Vedanta has raised its aluminium products price by more than 1%. With effect from Thursday, July 1 2021, the prices of some aluminium ingots have risen by INR 3,750 per tonne to stand at INR 219,000-232,000 per tonne, from INR 215,250-228,250- per tonne on June 30. The billets price stands at INR...
NALCO aluminium ingot price grows sharply by over 4% to reach at 212,850-216,350/t on June 30
National Aluminium Company Limited (NALCO) sharply increased its aluminium ingot and aluminium products prices by INR 9,600 per tonne or 4.6 per cent on Wednesday, June 30. That brought its aluminium ingot price at INR 212,850-216,350 per tonne in comparison with 203,250-206,750 per tonne on...
Prebaked anode price in East China grows by RMB 112.5/t; Aluminium alloys (ADC12) price stands at RMB 18150 per/t
Prebaked anode price in East China market has climbed by RMB 112.5 per tonne on Thursday, July 01, after remaining restrained since June 1. The price stands at RMB 4825 per tonne. It is likely to range at RMB 4300-5350 per tonne. Central China’s prebaked anode prices has also risen by RMB 75 per...
