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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Alumina spot price in China sheds RMB26/t after growing two days in a row; A00 aluminium ingot price closes lower at RMB18400/t
After growing for the past two consecutive days from RMB 2,340 per tonne to RMB 2,375 per tonne, the average alumina spot price in China has shed RMB 26 per tonne on Wednesday, April 28, to settle at RMB 2,349 per tonne, according to the Shanghai Metals Market. In Shanxi, the price has plunged by...
China alumina spot price grows to RMB2352/t after more than a week-long restraint; A00 aluminium ingot price jumps by RMB140/t
After remaining restrained for the past ten days, the average alumina spot price in China has recorded an increase of RMB 12 per tonne to stand at RMB 2,352 per tonne on Monday, April 26, found the Shanghai Metals Market. In Shanxi, alumina price has grown by RMB 15 per tonne to RMB 2,360 per...
Vedanta raises its aluminium wire rod and billets prices by INR3750/t on April 23
Vedanta Limited has raised its aluminium products and aluminium ingot prices by INR 3,750 per tonne with effect from Friday, April 23. Hence, the company is now selling its aluminium wire rod price at INR 213,250-220,750 per tonne compared to INR 209,500-217,000 per tonne on April 20. Vedanta’s...
Hindalco further grows its aluminium ingot price by INR2750/t with effect from April 23
Hindalco Industries Limited has further increased its aluminium ingot and aluminium products prices this week with effect from Friday, April 23. With the latest hike, Hindalco’s aluminium ingot price has come in at INR 206,000 per tonne, up by INR 2,750 per tonne or 1.35 per cent from INR 203,250...
ELLWOOD Aluminum completes construction of its Hubbard plant
ELLWOOD Aluminum, a manufacturer of aluminium ingot and billet, rectangular slab, and cast plate, has announced the completion of its Hubbard plant. The work on 12,000-square-foot casting plant started in 2018 to increase the company’s production capabilities. ELLWOOD Aluminum has invested $60...
A00 aluminium ingot price gains RMB140/t to settle at RMB18,180/t; Aluminium alloy(A356) price grows by RMB100/t
After showing restraint and declining in the past two days, A00 aluminium ingot price in China has recorded an increase of RMB 140 per tonne to RMB 18,180 per tonne, as of Thursday, April 22, according to the Shanghai Metals Market. The average prices are expected to range between RMB 18,160 per...
China’s aluminium ingot price drops by RMB 80/t; Aluminium alloy (ADC12) price declines to stand at RMB 18050/t
SMM aluminium ingot price registered a drop after remaining unchanged yesterday. The aluminium price reduced by RMB 80 per tonne from RMB 18120 per tonne. The price came in at RMB 18040 per tonne as of Wednesday, 21 April 2021 and is expected to move within a range of RMB 18020-18060 per tonne. In...
Vedanta’s aluminium wire rod and billets prices see a raise of INR2500/t on April 20
Vedanta Limited has raised its aluminium products prices by INR 2,500 per tonne with effect from Tuesday, April 20. The company’s aluminium wire rod price has come in at INR 209,500-217,000 per tonne compared to INR 207,000-214,500 per tonne on April 17, while the price of Vedanta’s aluminium...
Hindalco Industries grows its aluminium ingot price by 2% with effect from April 20
Hindalco Industries Limited has again significantly increased its aluminium ingot and aluminium products prices with effect from Tuesday, March 20, following a slash on last Saturday, April 17. With the latest hike, Hindalco’s aluminium ingot price has come in at INR 203,250 per tonne, up by INR...
China’s A00 aluminium ingot price shows restraint at RMB18120/t amid muted input costs: SMM
Primary aluminium ingot price in China has shown restraint on Tuesday, April 20, amid muted input costs. According to the Shanghai Metals Market data, A00 aluminium ingot price is resting at RMB 18,120 per tonne, with average prices to continue to range between RMB 18,100 per tonne and RMB 18,140...
Hindalco and Vedanta cut their aluminium billets & wire rod prices by more than 1% with effect from April 17
A day after increasing the aluminium products prices by INR 7,000 per tonne on April 16, both Hindalco Industries Limited and Vedanta Limited reduced the prices by a little more than 1 per cent with effect from April 17, 2021. Hindalco’s aluminium wire rod price came in at INR 210,350 per tonne on...
A00 aluminium ingot price in China sheds RMB10/t to settle at RMB18120/t after a week-long hikes: SMM
A00 aluminium ingot price in China has opened the week on Monday, April 19, with a slight drop of RMB 10 per tonne to RMB 18,120 per tonne, following a week-long surge from US$ 17,380-18,130 per tonne during April 12-16, according to the Shanghai Metals Market. Today, the average prices are...
NALCO further expands its aluminium ingot price by INR7000/t with effect from April 16
National Aluminium Company Limited (NALCO) has again raised its aluminium ingot and aluminium products prices significantly after increasing them by INR 6,600 per tonne last week, April 9. With effect from April 16, NALCO’s aluminium ingot price came in at INR 201,250-204,750 per tonne, up by INR...
Vedanta raises its aluminium products prices by over 3% in line with LME aluminium price surge above US$2300/t
Vedanta Limited has increased its aluminium ingot and aluminium products prices for the fifth time in a row with effect from Friday, April 16. In tandem with the continuous surge in LME aluminium benchmark price, the company has sharply increased the prices of its products by INR 7,000 per tonne...
Hindalco’s aluminium ingot price sees a sharp rise of INR7000/t with effect from April 16
Hindalco’s aluminium ingot and aluminium products prices have witnessed a steep growth after a week of last raise in tandem with incessant increase in LME aluminium benchmark prices. With effect from Friday, April 16, the company’s aluminium ingot price has come in at 202,500 per tonne, reflecting...
China's alumina spot price inches up by RMB2/t after a month-long restraint; A00 aluminium ingot price expands to RMB18130/t
After remaining restrained for almost a month at RMB 2,338 per tonne, the average alumina spot price in China has inched up by RMB 2 per tonne to stand at RMB 2,340 per tonne on Friday, April 16, learned the Shanghai Metals Market. In Shanxi, the price has gained RMB 5 per tonne to come in at RMB...
A00 aluminium ingot price in China closes near 10-year high at RMB17760/t on production curb fears
A00 aluminium ingot price in China has jumped by RMB 290 per tonne on Wednesday, April 14, to reach near 10-year high at RMB 17,760 per tonne on fears that Chinese primary aluminium producers will limit their output to meet environmental targets. The average prices are expected to range between RMB...
A00 aluminium ingot price in China closes RMB90/t higher at RMB17470/t amid muted input costs: SMM
A00 aluminium ingot price in China has climbed by RMB 90 per tonne to close at RMB 17,470 per tonne on Tuesday, April 13, following the two consecutive days of decline, learned the Shanghai Metals Market. The average prices are expected to range between RMB 17,450 per tonne and RMB 17,490 per...
