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’s aluminium ingot price sees a decline of INR1500/t with effect from May 12
Hindalco’s aluminium ingot and aluminium products prices witnessed a decline on Wednesday, May 12, following a rise on the previous day. The company reduced its aluminium ingot price by INR 1,500 per tonne to INR 215,500 per tonne with effect from May 12. On May 11, the price stood at INR 217,000...
Vedanta sharply cuts its aluminium wire rod and billet prices by INR7250/t as LME aluminium benchmark price shrinks
Vedanta Limited, a subsidiary of Vedanta Resources Limited, has sharply cut its aluminium products and aluminium ingot prices with effect from Thursday, May 13. Vedanta's aluminium wire rod price has come in at INR 217,000-224,500 per tonne, down by INR 7,250 per tonne from INR 224,250-231,750 per...
Hindalco Industries’ aluminium billets price up by 1.24% to INR 224,100 /t
Hindalco Industries Limited has raised its aluminium products price by more than 1%. With effect from Tuesday, 11 May 2021, aluminium billets price stands at INR 224,100 per tonne, representing a growth of 1.24% or INR 2,750 per tonne from INR 221,350 per tonne on May 8. Aluminium ingot and wire...
NALCO’s aluminium ingot price mounts to INR214,350-217,850/t as LME aluminium benchmark price surges
National Aluminium Company Limited (NALCO) has sharply increased its aluminium ingot and aluminium products prices with effect from Tuesday, May 11. NALCO’s aluminium ingot price has witnessed a surge of INR 7,500 per tonne to range between INR 214,350-217,850 per tonne. More than a week ago, on...
A00 aluminium ingot price in China gains RMB160/t to settle at RMB19980/t; Aluminium alloys prices build-up by RMB100/t
A00 aluminium ingot price in China has recorded an increase of RMB 160 per tonne to stand at RMB 19,980 per tonne on Wednesday, May 12, following a plunge last day from RMB 20,030 per tonne to RMB 19,820 per tonne, according to the Shanghai Metals Market. The average prices are expected to range...
Vedanta reports INR 2,750/t hike in its aluminium ingot price on May 11
Vedanta has raised its aluminium products price for the sixth time in a row. With effect from Tuesday, 11 May 2021, the prices of some aluminium ingots have come in at INR 216,750-229,750 per tonne, indicating a growth of 1.3% or INR 2,750 per tonne from INR 214,000-227,000 per tonne on May 8. The...
Hindalco raises its aluminium wire rod and billets prices by INR2750/t on the second consecutive day
Hindalco Industries Limited increased its aluminium products and aluminium ingot prices for two consecutive days last week. Following a hike of INR 3,250 per tonne on May 7, Hindalco’s aluminium wire rod price witnessed a rise of INR 2,750 per tonne or 1.24 per cent on May 8 to stand at INR 225,350...
A00 aluminium ingot price in China soars above RMB20,000/t; Alumina price gains RMB25/t
A00 aluminium ingot price in China has continued to rise and exceeded RMB 20,000 per tonne level on Monday, May 10. According to the Shanghai Metals Market, the price has jumped by RMB 340 per tonne to reach a new high of RMB 20,030 per tonne, with average prices likely to range between RMB 20,010...
Vedanta raises its aluminium ingot price by INR 2,750/t on May 8
Vedanta has raised its aluminium products price for the fifth time in a row. With effect from Saturday, 08 May 2021, the prices of some aluminium ingots have increased by 1.3% or INR 2,750 per tonne to stand at INR 214,000-227,000 per tonne from INR 211,250-224,250 per tonne on May 7. The company’s...
Vedanta’s aluminium ingot price grows for the fourth time in a row by 1.5% w.e.f. May 7
Vedanta Limited has expanded its aluminium ingot and aluminium products prices for the fourth time in a row, with effect from Friday, May 7. The last raise was a week ago, on April 30, by INR 2,250 per tonne. This week, Vedanta’s aluminium ingot price has witnessed an increase of INR 3,250 per...
Hindalco's aluminium billets and aluminium wire rod prices build-up INR3250/t on May 7
Hindalco Industries Limited has continued to increase its aluminium products and aluminium ingot prices with effect from May 7. Hindalco’s aluminium billets price this week has witnessed a hike of INR 3,250 per tonne or 1.51 per cent to INR 218,600 per tonne, in comparison with INR 215,350 per...
China’s A00 aluminium ingot price exceeds RMB19000/t amid improved input costs; Prekabed anode price jumps by RMB205/t
On Thursday, May 6, A00 aluminium ingot price in China has crossed RMB 19,000 per tonne after resuming the market from the Labour Day Holiday. According to Shanghai Metals Market data, the primary aluminium ingot price has gained over RMB 300 per tonne to come in at RMB 19,150 per tonne, marking...
NALCO’s aluminium ingot price grows for the fourth time in a row by INR1800/t with effect from May 1
National Aluminium Company Limited (NALCO) grew its aluminium ingot and aluminium products prices for the fourth time in a row with effect from Saturday, May 1, 2021. NALCO’s aluminium ingot price witnessed a hike of INR 1,800 per tonne or 0.88 per cent to INR 206,850-210,350 per tonne. Earlier on...
Vedanta’s aluminium ingot price grows by INR 2,250/t on April 30
Vedanta has reported a growth in its aluminium products by INR 2,250 per tonne. With effect from Friday, 30 April 2021, the prices of some aluminium ingots have increased by more than 1% to stand at INR 208,000-221,000 per tonne from INR 205,750-218,750 per tonne on April 23. The company’s billets...
Secondary aluminium and alloy ingots output declines 12% in 2020-21: Japan Aluminium Alloy Refiners Association
Japan produced 697,999 tonnes of secondary aluminium and alloy ingots in the April 2020-March 2021 fiscal year, according to data released by the Japan Aluminium Alloy Refiners Association. The output declined 12% year-on-year due to lower demand for casting and die-casting products from the car...
Hindalco expands its aluminium ingot price for the third consecutive time by INR2250/t with effect from April 30
Hindalco Industries Limited has further expanded its aluminium ingot and aluminium products prices for the third time in a row. The last hike was a week ago, on April 23, by INR 2,750 per tonne. This week the prices have witnessed a hike of INR 2,250 per tonne with effect from Friday, April 30....
A00 aluminium ingot price in China reaches a new high of RMB18830/t; Aluminium fluoride price plunges by RMB550/t
A00 aluminium ingot price in China has reached a new high of RMB 18,830 per tonne on Friday, April 30, expanding further by RMB 100 per tonne after a surge of RMB 330 per tonne on the previous day, found the Shanghai Metals Market. The average prices are expected to range between RMB 18,810 per...
NALCO increases aluminium wire rod and billets prices for the third consecutive week by INR3800/t
National Aluminium Company Limited (NALCO) has expanded its aluminium products and aluminium ingot prices with effect from Tuesday, April 27. This marks the third consecutive week of NALCO’s aluminium price hike. With the latest raise, NALCO’s aluminium wire rod price has come in at INR...
