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 further increases its aluminium wire rod and billets price by INR2500/t with effect from March 27
Hindalco Industries Limited further raised its aluminium products and aluminium ingot prices with effect from Saturday, March 27. The company’s aluminium wire rod price came in at INR 200,850 per tonne as of March 27, up by INR 2,500 per tonne from INR 198,350 per tonne on March 25. Hindalco’s...
A00 aluminium ingot price grows by RMB60/t to settle at RMB17390/t; Australian alumina (FOB) price drops by US$15/t
A00 aluminium ingot price opened the week higher by RMB 60 per tonne to RMB 17,390 per tonne as of Monday, March 29, found the Shanghai Metals Market. This marks the second consecutive day of rise from RMB 17,330 per tonne on Friday, March 26. The average prices are expected to range between RMB...
NALCO expands its aluminium ingot price for the second week in a row by above INR5000/t
National Aluminium Company Limited (NALCO) has expanded its aluminium ingot and aluminium products prices for the second week in a row, with effect from Saturday, March 27. A week ago, with effect from March 20, NALCO increased its aluminium prices by INR 1,500 per tonne, but this week the prices...
Hindalco hikes its aluminium wire rod price by 1% on March 25 after a sharp cut of INR4250/t on March 24
Hindalco Industries Limited increased its aluminium products and aluminium ingot prices on Thursday, March 25, following a sharp cut on March 24. Hindalco’s aluminium wire rod price witnessed a slash of INR 4,250 per tonne on March 24 from INR 200,350 per tonne to INR 196,100 per tonne. However, on...
China’s aluminium ingot price rises for the second day in a row; Aluminium alloy (ADC12) price climbs by RMB 50/t
SMM aluminium ingot price increased for the second day in a row. The price increased from RMB 17200 per tonne to RMB 17330 per tonne on Friday, 26 March 2021. That was up by RMB 130 per tonne from Thursday’s price. It is expected to move within a range of RMB 17310-17350 per tonne. Aluminium price...
Vedanta’s aluminium ingot price nosedived by INR4000/t on March 24 but gained 1% on March 25 to settle at INR185500-198500/t
Vedanta Limited slashed its aluminium ingot and aluminium products prices by INR 4,000 per tonne with effect from March 24, following a hike of INR 3,500 per tonne on March 23. That brought the company’s aluminium ingot price to INR 183,250-196,250 per tonne from INR 187,250-200,250 per tonne on...
A00 aluminium ingot price builds-up RMB120/t to stand at RMB17200/t; Aluminium alloy(A356) price settles at RMB17900/t
According to the Shanghai Metals Market, A00 aluminium ingot price has recorded a hike of RMB 120 per tonne to stand at RMB 17,200 per tonne on Thursday, March 25, following two consecutive days of decline from RMB 17,540 per tonne to RMB 17,080 per tonne. The average prices are expected to range...
Hindalco Industries further expands aluminium wire rod price by INR3750/t with effect from March 23
Hindalco Industries Limited further expanded its aluminium products and aluminium ingot prices with effect from Tuesday, March 23. With the latest hike, Hindalco’s aluminium wire rod price is standing above INR 200,000 per tonne. It was increased by INR 3,750 per tonne on March 23 to INR 200,350...
Vedanta hikes its aluminium ingot price by INR 3,500/t
Vedanta has hiked its aluminium products price by around 2% today. With effect from Tuesday, 23 March 2021, the prices of some aluminium ingots stand at INR 187,250-200,250 per tonne. The price registered an increase of INR 3,500 per tonne from INR 183,750-196,750 per tonne on March 18. The company...
China’s aluminium price edges lower by RMB 320/t; Aluminium alloy (A356) reduces to RMB 17900/t
SMM aluminium ingot price stood at RMB 17220 per tonne on Tuesday, 23 March 2021, indicating a decline of RMB 320 per tonne from Monday’s price of RMB 17540 per tonne. It is expected to move within a range of RMB 17200-17240 per tonne. Aluminium price in Foshan and Wuxi declined by RMB 310 per...
China’s aluminium ingot price stands higher by RMB140/t; Aluminium alloy (ADC12) price up by RMB 100/t
SMM aluminium ingot price marked a growth after a drop on Friday. The aluminium price increased by RMB 140 per tonne from Friday’s price of RMB 17400 per tonne to RMB 17540 per tonne on Monday, 22 March 2021. It is expected to move within a range of RMB 17520-17560 per tonne. In Foshan and Wuxi,...
LME aluminium price decreased for the second day in a row to US$2188/t; SHFE price rose 1.5% to US$2707/t
Three-month LME aluminium rose 2.82 per cent to close at US$ 2,277.50 per tonne on Friday. It is expected to fluctuate between US$ 2,190-2,220 per tonne today. LME aluminium stocks increased nearly 70,000 tonnes to 1.97 million tonnes. The contract is expected to fluctuate at US$ 2,200-2,270 per...
NALCO’s aluminium ingot price gains INR1500/t with effect from March 20, 2021
National Aluminium Company Limited has raised its aluminium ingot and aluminium products prices after reducing them by INR 3,400 per tonne about three weeks ago. With effect from Saturday, March 20, NALCO’s aluminium ingot price has come in at INR 183,350-186,850 per tonne, up by INR 1,500 per...
Weekly update: Aluminium ingot price in China ended the week lower; Alumina price remained muted
SMM aluminium ingot price started the week with a hike of RMB 250 per tonne on Monday, March 15 2021 to RMB 17620 per tonne. The price on Wednesday stood lower by RMB 230 per tonne to RMB 17530 per tonne, from Tuesday’s price of RMB 17760 per tonne. The aluminium price closed the week lower at RMB...
Hindalco Industries increases aluminium wire rod and billets prices by INR2250/t after an intermittent cut
Hindalco Industries Limited has again increased its aluminium products and aluminium ingot prices with effect from March 18 after an intermittent cut on March 17. The company’s aluminium wire rod price has been raised by INR 2,250 per tonne to INR 196,600 per tonne after being cut by INR 1,250 per...
Alumina spot price in China gains RMB6/t after about two-weeks of restraint; A00 aluminium ingot price falls below RMB17500/t
After about two weeks of restraint at RMB 2,332 per tonne, the average alumina spot price in China has inched up by RMB 6 per tonne to close the week on Friday, March 19, at RMB 2,338 per tonne, according to the Shanghai Metals Market. In Shanxi, alumina price has increased by RMB 10 per tonne to...
Vedanta aluminium price marks growth of INR 2,500/t on March 18
Vedanta has registered a hike of 1.32% in its aluminium products price on March18. With effect from Thursday, 18 March 2021, the prices of some aluminium ingots stand at INR 183,750-196,750 per tonne, an increase of 1.32% or INR 2,500 per tonne from INR 181,250-194,250 per tonne on March 17. The...
Hindalco reduces aluminium ingot price by INR1250/t w.e.f. March 17 after raising it a day before
Hindalco Industries Limited reduced its aluminium ingot price and aluminium products prices on Wednesday, March 17, soon after raising the prices by INR 3,500 per tonne on Tuesday, March 16. With effect from March 17, Hindalco’s aluminium ingot price came in at INR 183,250 per tonne, down by INR...
