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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A00 aluminium ingot price shrinks by RMB110/t to RMB17380/t; Aluminium fluoride price declines to RMB8300/t
A00 aluminium ingot price in China has opened the week on Monday, April 12, with a decline of RMB 110 per tonne to RMB 17,380 per tonne, following two consecutive hikes last week from RMB 17,390 per tonne to RMB 17,490 per tonne, found the Shanghai Metals Market. The average prices are expected to...
NALCO sharply increases its aluminium ingot price by more than INR6500/t with effect from April 9
National Aluminium Company Limited (NALCO) has sharply raised its aluminium ingot and aluminium product prices with effect from Friday, April 9, following a cut more than a week ago on April 1. NALCO’s aluminium ingot price has come in at INR 194,250-197,750 per tonne, reflecting an increase of INR...
Hindalco Industries raises its aluminium wire rods price by INR 3,000/t on April 9
Hindalco Industries Limited has raised its aluminium products price by more than 1%. With effect from Friday, 09 April 2021, aluminium billets price stands at INR 202,600 per tonne, a growth of 1.5% or INR 3,000 per tonne from INR 199,600 per tonne on April 8. Aluminium ingot and wire rods prices...
Vedanta’s aluminium ingot price stands at INR 195,500-208,550/t on April 9
Vedanta has reported a growth in its aluminium products for the fourth day in row. With effect from Friday, 09 April 2021, the prices of some aluminium ingots have increased by more than 1% or INR 2,750 per tonne from Thursday’s price of INR 192,750-205,750 per tonne. Aluminium price is currently...
Vedanta hikes its aluminium ingot price for the third day in a row
Vedanta has hikes its aluminium products price for the three consecutive days. With effect from Thursday, 08 April 2021, the prices of some aluminium ingots are in the range of INR 192,750-205,750 per tonne. The price has marked a growth of 0.78% or INR 1,500 per tonne from INR 191,250-204,250 per...
Hindalco increases its aluminium wire rod & billets prices for the second day in a row w.e.f. April 8; Prices up by INR1500/t
Hindalco Industries Limited has increased its aluminium products and aluminium ingot prices for the second day in a row on Thursday, April 8. Hindalco has expanded its aluminium wire rod price by INR 1,500 per tonne with effect from April 8 compared to the hike of INR 2,750 per tonne on April 7....
A00 aluminium ingot price gains RMB80/t to settle at RMB17470/t; Aluminium alloys prices remain muted
Increase in domestic primary aluminium consumption has led to the growth in China’s A00 aluminium ingot price for the second day this week, even amid the muted raw materials costs. According to the Shanghai Metals Market, A00 aluminium ingot price has built up by RMB 80 per tonne on Thursday, April...
Hindalco Industries’ raises its billets price by INR 2,750/t to INR 198,100/t
Hindalco Industries Limited has continued to raise its aluminium products price. With effect from Wednesday, April 7 2021, aluminium billets price stands at INR 198,100 per tonne, an increase of INR 2,750 per tonne from INR 195,350 per tonne on March 31. Aluminium ingot and wire rods prices stand...
Vedanta reports INR 2,500/t hike in its aluminium ingot price
Vedanta has raised its aluminium products price for the second day in a row. With effect from Wednesday, 07 April 2021, the prices of some aluminium ingots stand at INR 191,250-204,250 per tonne, indicating an increase of 1.25% or INR 2,500 per tonne from INR 188,750-201,750 per tonne on April 6....
Aluminium price in China stands at RMB 17390/t; Cryolite price down by RMB150/t
SMM aluminium ingot price has dropped after three days of hike. The price declines by RMB 120 per tonne on Wednesday, 07 April 2021 to stand at RMB 17390 per tonne from Tuesday’s price of RMB 17510 per tonne. The price is expected to range at RMB 17370-17410 per tonne. In Foshan and Wuxi, the price...
Vedanta hikes its aluminium ingots price by INR 2,250/t
Vedanta has hiked its aluminium products price by INR 2,250 per tonne today. With effect from Tuesday, 06 April 2021, the prices of some aluminium ingots stand at INR 188,750-201,750 per tonne, an increase of 1.16% from INR 186,500-199,500 per tonne on March 31. Billets price has come in at INR...
A00 aluminium ingot price in China stands above RMB17500/t post Qingming Festival; Aluminium Fluoride price declines by RMB100/t
A00 aluminium ingot price in China has witnessed a rise of RMB 80 per tonne to settle at RMB 17,510 per tonne as of Tuesday, April 6, marking the third consecutive hike since April 1, found the Shanghai Metals Market. Data shows the average prices are expected to range between RMB 17,490 per tonne...
Govt. of India: Ministry of Commerce mandates import registration compulsory on a score of aluminium products
The Ministry of Commerce, Govt. of India has mandated import registration compulsory for 43 aluminium and 46 copper items under non-ferrous metal import monitoring system. This is a move to boost domestic production and obstruct imports of such goods. As per the notification of the department of...
NALCO reduces its aluminium ingot price by INR1000/t on April 1 after two consecutive weeks of hike
National Aluminium Company Limited (NALCO) has reduced its aluminium ingot and aluminium products prices with effect from Thursday, April 1, following a sharp rise of INR 5,000 per tonne last week on March 27. The company has decreased its aluminium ingot price by only INR 1,000 per tonne this week...
Vedanta cuts aluminium wire rod and billet prices by INR1500/t with effect from March 31
Vedanta Limited has reduced its aluminium products and aluminium ingot prices with effect from March 31, following a raise on March 27. Vedanta’s aluminium wire rod price has come in at INR 194,000-201,500 per tonne, down by INR 1,500 per tonne or 0.77 per cent from INR 195,500-203,000 tonnes on...
Prebaked anode price in China grows by RMB290/t after a month-long restraint; A00 aluminium ingot price climbs to RMB17260/t
After a month-long restraint at RMB 3902.50 per tonne, prebaked anode price in east China has surged by RMB 290 per tonne on April 1, 2021, to clock at RMB 4,192.50 per tonne. The average prices are expected to range between RMB 3,885 per tonne and RMB 4,500 per tonne. In central China, prebaked...
Hindalco reduces aluminium products prices by INR1500/t on March 31 in line with lower LME aluminium price
Hindalco Industries Limited has reduced its aluminium products and aluminium ingot prices with effect from Wednesday, March 31, following two consecutive hikes on March 25 and March 27. Hindalco’s aluminium wire rod price has come in at INR 199,350 per tonne, down by INR 1,500 per tonne or 0.75 per...
Vedanta raises its aluminium ingot price by INR 2,500/t
Vedanta has raised its aluminium products price by more than 1% today. With effect from Saturday, 27 March 2021, the prices of some aluminium ingots came in at INR 188,000-201,000 per tonne, an increase of 1.29% or INR 2,500 per tonne from INR 185,500-198,500 per tonne on March 25. Billets price...
