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 reduces its aluminium products price by INR 3,500/t on June 16
Hindalco Industries Limited has cut its aluminium products price by INR 3,500 per tonne. With effect from Wednesday, 16 June 2021, aluminium billets and wire rods prices stand at INR 215,600 per tonne and INR 219,600 per tonne. This is down by INR 3,500 per tonne from June 12’s price of INR 219,100...
Vedanta slashes its aluminium ingot price by INR 3,500 on June 16
Vedanta has slashed its aluminium products price by more than 1% after marking a hike yesterday. With effect from Wednesday, 16 June 2021, the prices of some aluminium ingots have reduced by INR 3,500 per tonne to stand at INR 207,750-220,750 per tonne, from INR 211,250-224,250- per tonne on June...
LME aluminium price slid 1.82% to settle at US$2458.50/t; SHFE price closed 1.04% lower
Three-month LME aluminium fell 1.55 per cent to end at US$ 2,450 per tonne in the overnight trading yesterday, with open interest increasing 8,499 lots to 718,000 lots, and is expected to trade between US$ 2,450-2,500 per tonne today. LME aluminium cash (bid) price and LME official settlement price...
Hindalco Industries reports INR 1,500/t hike in its aluminium products price on June 15
Hindalco Industries Limited has raised its aluminium products price for the third time in a row. With effect from Tuesday, 15 June 2021, aluminium billets price and wire rods have come in at INR 219,100 per tonne and INR 223,100 per tonne, an increase of INR 1,500 per tonne from June 12’s price of...
NALCO’s aluminium ingot price grows by over 2% to INR205650-209150/t with effect from June 11
National Aluminium Company Limited (NALCO) increased its aluminium ingot and aluminium products prices with effect from Friday, June 11, following a cut on June 8. NALCO raised its aluminium ingot price by INR 4,700 per tonne or 2.3 per cent to INR 205,650-209,150 per tonne. On June 8, NALCO’s...
Hindalco Industries’ aluminium billets price stands at INR 217,600/t
Hindalco Industries Limited has continued to increase its aluminium products price. With effect from Saturday, 12 June 2021, aluminium billets price stands at INR 217,600 per tonne. This marks an increase of up 0.93% or INR 2,000 per tonne from INR 215,600 per tonne on June 10. The wire rods and...
Vedanta’s aluminium ingot price sees a further rise of INR1750/t with effect from June 15
Vedanta Limited has further increased its aluminium ingot and aluminium products prices for the fifth time in a row, with effect from Tuesday, June 15. Vedanta’s aluminium ingot price has been raised by INR 1,750 per tonne or 0.80 per cent to INR 211,250-224,250 per tonne as of June 15. On...
Bauxite (6.5≤Al/Si＜7.5) price in Guizhou closes RMB10/t higher at RMB370/t; A00 Aluminium Ingot price builds-up RMB140/t
According to the Shanghai Metals Market data, bauxite (6.5≤Al/Si＜7.5) price in Guizhou has climbed by RMB 10 per tonne to come in at RMB 370 per tonne on Tuesday, June 15. The average prices are expected to range between RMB 340-400 per tonne Bauxite (4.5≤Al/Si＜5.5) price in Henan has grown by RMB...
Vedanta increases its aluminium wire rod price for the fourth time in a row by INR2500/t on June 12
Vedanta Limited increased its aluminium products and aluminium ingot prices for the fourth time in a row with effect from Saturday, June 12. Vedanta’s aluminium wire rod price came in at INR 217,000-224,500 per tonne, up by INR 2,500 per tonne or 1.16 per cent from INR 214,500-222,000 per tonne on...
A00 aluminium ingot price in China climbs to RMB18830/t; Aluminium alloy (A356) price closes at RMB300/t higher
A00 aluminium ingot price in China has jumped by RMB 320 per tonne, marking the third consecutive day of hike. According to the Shanghai Metals Market data, the surge on Friday, June 11, has brought the primary aluminium ingot price at RMB 18,830 per tonne. The average prices are expected to range...
Hindalco Industries raises its aluminium billets price by INR 2,000/t on June 10
Hindalco Industries Limited has hiked its aluminium products price by INR 2,000 per tonne. With effect from Thursday, 10 June 2021, aluminium billets price stands at INR 215,600 per tonne, up 0.94% from INR 213,600 per tonne on June 9. The wire rods and aluminium ingots prices have increased by INR...
NALCO’s aluminium wire rod and billets prices see a cut of more than 1% with effect from June 8
National Aluminium Company Limited (NALCO) has reduced its aluminium products and aluminium ingot prices with effect from Tuesday, June 8, a week after it significantly raised its aluminium products prices on June 1. NALCO’s aluminium wire rod price has witnessed a cut of INR 3,400 per tonne or...
Vedanta further hikes its aluminium ingot price by INR 2,000/t
Vedanta has further expanded its aluminium products price by nearly 1%. With effect from Thursday, 10 June 2021, the prices of some aluminium ingots have climbed by INR 2,000 per tonne to stand at INR 207,000-220,000 per tonne, from INR 205,000-218,000- per tonne on June 9. The billets price stands...
Aluminium price in China increases to RMB 18510/t; Al Fluoride price declines by RMB 100/t
SMM aluminium ingot price stood at RMB 18510 per tonne on Thursday, 10 June 2021, indicating a hike of RMB 120 per tonne from Wednesday’s price of RMB 18390 per tonne. It is expected to move within a range of RMB 18490-18530 per tonne. On Thursday, 10 June 2021, aluminium price in Foshan and Wuxi...
LME aluminium price gained US$20/t to settle at US$2459/t; SHFE price closed at US$24/t higher
Three-month LME aluminium increased 0.08 per cent in the overnight trading to settle at US$ 2,451.5 per tonne, and is likely to trade between US$ 2,400-2,500 per tonne today. On Wednesday, June 9, LME aluminium cash (bid) price and LME official settlement price increased for the fourth day in a row...
Hindalco Industries further grows its aluminium wire rod and billets prices by INR1750/t on June 9
Hindalco Industries Limited has further increased its aluminium products and aluminium ingot prices by INR 1,750 per tonne, with effect from Wednesday, June 9. The company’s aluminium wire rod price has thus come in at INR 217,600 per tonne as against INR 215,850 per tonne on June 5. Hindalco is...
Vedanta’s aluminium ingot price sees a rise of INR1500/t with effect from June 9
Vedanta Limited has expanded its aluminium ingot and aluminium products prices for the second time in a row since the last cut on June 4. With effect from Wednesday, June 9, Vedanta has increased its aluminium ingot price by INR 1,500 per tonne to INR 205,000-218,000 per tonne. The company is...
Bauxite (6.5≤Al/Si＜7.5) price in Guangxi rebounds to RMB280/t after a year; A00 aluminium ingot price closes RMB30/t higher
On June 9, 2021, Bauxite (6.5≤Al/Si＜7.5) price in Guangxi, China, has recorded a rise of RMB 15 per tonne after remaining restrained for over a year, found the Shanghai Metals Market. The price has rebounded to RMB 280 per tonne since its last plunge to RMB 265 per tonne on May 26, 2020. The...
