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 reports INR 1,750/t hike in aluminium billets price on June 5
Hindalco Industries Limited has raised its aluminium products price after cutting it on Friday, 04 June. With effect from Saturday 05 June 2021, aluminium billets price stands at INR 211,850 per tonne, up INR 1,750 per tonne or 0.83% from INR 210,100 per tonne on June 4. The wire rods and aluminium...
Vedanta increases its aluminium wire rod and billet prices by INR1750/t with effect from June 5
Vedanta Limited increased its aluminium products and aluminium ingot prices on Saturday, June 5, the next day after it cut the prices by INR 5,000 per tonne. The company expanded its aluminium wire rod price by INR 1,750 per tonne or 0.84 per cent to INR 211,000=218,500 per tonne, with effect from...
Primary Aluminium Weekly Recap: China’s aluminium ingot price plunged by RMB 410/t; Century Aluminum increased its production capacity at Mt. Holly aluminium smelter
Primary aluminium sector witnessed expansions and announcement of production data. LME price ended higher this week, while SMM aluminium ingot price trended downward. Let's recapitulate some of the top aluminium news from primary aluminium sector. LME aluminium cash (bid) price and LME official...
Century Aluminum to expand production capacity at Mt. Holly aluminium smelter
Century Aluminum will expand production capacity at Mt. Holly aluminium smelter. The expansion is likely to be completed by the end of 2021. The company also announced an investment of more than $60 million to create 100 new jobs in Berkeley County at its Mt. Holly plant. The smelter casts molten...
Hindalco Industries’ aluminium wire rods price drops by INR 4,000/t to INR 214,100/t on June 4
Hindalco Industries Limited has slashed its aluminium products price by INR 4,000 per tonne. With effect from Friday, 04 June 2021, aluminium billets price has reduced by 1.87% to stand at INR 210,100 per tonne from INR 214,100 per tonne on June 02. The wire rods and aluminium ingots prices stand...
Vedanta cuts its aluminium ingots price by INR 5,000/t
Vedanta has cut its aluminium products price by more than 2%. With effect from Friday, 4 June 2021, the prices of some aluminium ingots have declined by INR 5,000 per tonne to stand at INR 201,750-214,750 per tonne as against INR 206,750-219,750- per tonne on June 2. The company’s billets price...
China’s aluminium price plunges by RMB 410/t; Aluminium alloy (ADC12) price falls to RMB 18700/t
SMM aluminium ingot price plunged by RMB 410 per tonne on Friday, 4 June 2021. The price stood at RMB 18260 per tonne, from RMB 18670 per tonne on June 3. The price is expected to move within a range of RMB 18240-18280 per tonne today. In Foshan and Wuxi, the price dropped by RMB 370 per tonne and...
NALCO’s aluminium ingot price sees a sharp rise of INR8000/t or 4% with effect from June 1
National Aluminium Company Limited (NALCO) has sharply increased its aluminium ingot and aluminium products prices with effect from Tuesday, June 1, after three cuts in a row since May 19. NALCO has raised its aluminium ingot price by INR 8,000 per tonne or 4 per cent to INR 204,350-207,850 per...
Hindalco Industries reports INR 6,000/t jump in its aluminium billets price
Hindalco Industries Limited has further expanded its aluminium products price. With effect from Wednesday, 02 June 2021, aluminium billets price has jumped by INR 6,000 per tonne or 2.88% to stand at INR 214,100 per tonne. The company had reported billets price of INR 208,100 per tonne on May 28....
Vedanta’s aluminium ingot price soars by INR6250/t on June 2 in line with LME aluminium price rally
Vedanta Limited has significantly expanded its aluminium ingot and aluminium products prices for the third time in a row, with effect from Wednesday, June 2, 2021. Vedanta has raised its aluminium ingot price by INR 6,250 per tonne or 2.9 per cent to INR 206,750-219,750 per tonne on June 2. Last...
Primary Aluminium Weekly Recap: A00 aluminium ingot price in China surged by RMB480/t; Hindalco and Vedanta raised ingot prices
Primary aluminium market has witnessed a rise in LME aluminium benchmark price this week during May 24-28. The Chinese domestic aluminium ingot price has also seen a surge of RMB 480 per tonne through the week. Besides, the market has encountered hikes in Vedanta’s and Hindalco’s aluminium ingot...
Weekly update: Aluminium ingot price in China ended the week higher; Alumina price performed higher
SMM aluminium ingot price started the week with a decrease of RMB 110 per tonne on Monday, 24 May 2021 to RMB 18,340 per tonne. The price increased on Tuesday and Wednesday to stand at RMB 18370 per tonne and RMB 18390 per tonne, up by RMB 30 per tonne and RMB 20 per tonne. The aluminium price...
Hindalco’s aluminium ingot price sees a rise of more than 1% to INR201000/t with effect from May 28
Hindalco Industries Limited has further raised its aluminium ingot and aluminium products prices for the second time in a row with effect from Friday, May 28. Hindalco’s aluminium ingot price has seen an increase of INR 3,500 per tonne or 1.77 per cent to come in at INR 201,000 per tonne. On May...
Vedanta’s aluminium ingots price climbs by INR 3,250/t on May 28
Vedanta has continued to raise its aluminium products price by more than 1%. With effect from Friday, 28 May 2021, the prices of some aluminium ingots have inched up by INR 3,250 per tonne to stand at INR 200,500-213,500 per tonne from INR 197,250-210,250- per tonne on May 26. The company’s billets...
NALCO reduces its aluminium ingot price for the third time in a row to INR196,350-199,850/t
National Aluminium Company Limited (NALCO) has reduced its aluminium ingot and aluminium products prices for the third time with effect from Thursday, May 27. NALCO’s aluminium ingot price has come in at INR 196,350-199,850 per tonne after being reduced by INR 4,000 per tonne or 2 per cent from INR...
IMT Italia S.p.A becomes new Production & Transformation member of ASI
IMT Italia S.p.A has joined ASI as a Production & Transformation member, bringing the total number of ASI Members to 170. The company operates in the metallurgical sector whose ultimate purpose is the marketing of secondary aluminium ingots produced from aluminium scraps recovered and re-valorized...
Hydro signs NOK 200 million contract with Innovation Group for casthouse technology
Hydro has signed a NOK 200 million contract for the supply of new state-of-the-art casting lines. In total, four new casting lines will be supplied to the customer. Hycast, a fully owned subsidiary of Hydro, and Innovation Group, the leading manufacturer of extrusion ingots in China, have inked an...
Vedanta raises its aluminium ingot price by INR 2,500/t on May 26
Vedanta has hiked its aluminium products price by more than 1%. With effect from Wednesday, 26 May 2021, the prices of some aluminium ingots have risen by INR 2,500 per tonne, standing at INR 210,250-197,250 per tonne from INR 207,750-194,750 per tonne on May 25. The company’s billets price stands...
