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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China’s aluminium ingot price climbs by RMB 150/t; Aluminium Alloy (A356) stands at RMB 18400/t
SMM aluminium ingot price has inched up by RMB 150 per tonne on Thursday, 18 March 2021. The price now stands at RMB 17680 per tonne from Wednesday’s price of RMB 17530 per tonne. The price is expected to range at RMB 17660-17700 per tonne. In Foshan and Wuxi, the price has risen by RMB 150 per...
Vedanta’s aluminium ingot price stands at INR 181,250-194,250/t with effect from March 17
Vedanta has cut its aluminium products price after raising it by INR 3,750 per tonne on March 16. With effect from Wednesday, 17 March 2021, the prices of some aluminium ingots are in the range of INR 181,250-194,250 per tonne, a drop of INR 1,500 per tonne from INR 182,750-195,750 per tonne on...
Vedanta raised its aluminium ingot price by INR 3,750/t with effect from March 16
Vedanta has increased its aluminium products price by INR 3,750 per tonne. With effect from Tuesday, 16 March 2021, the prices of some aluminium ingots are in the range of INR 182,750-195,750 per tonne, representing a hike of more than 2% from INR 179,000-192,000 per tonne on March 13. The...
Albras’ aluminium production plant certified against ASI Performance Standard and Chain of Custody Standard
Albras – Alumínio Brasileiro S/A has been certified against ASI Performance Standard and ASI Chain of Custody (CoC) Standard certification for its smelting and casting activities at the Barcarena, Brazil facility. The plant manufactures primary aluminium, as well as aluminium foundry alloy ingots,...
Hindalco Industries reports INR 3,500/t growth in aluminium products price
Hindalco Industries Limited has raised its aluminium products price after cutting it for the second time in a row. With effect from Tuesday, 16 March 2021, aluminium billets price stands at INR 191,600 per tonne, an increase of INR 3,500 per tonne from INR 188,100 per tonne on March 13. The company...
Hindalco Industries reduces its aluminium products price by INR 1,750/t with effect from March 13
Hindalco Industries Limited has cut its aluminium products price for the second time in a row. With effect from Saturday, 13 March 2021, aluminium billets price stands at INR 188,100 per tonne. This is down by INR 1,750 per tonne from INR 189,850 per tonne on March 9. Aluminium ingot and wire rods...
Vedanta cuts its aluminium ingot price by INR 2,000/t with effect from March 13
Vedanta has cut its aluminium products price for the second day in a row. With effect from Saturday, 13 March 2021, the prices of some aluminium ingots are in the range of INR 179,000-192,000 per tonne, marking a decrease of 1.1% or INR 2,000 per tonne from INR 181,000-194,000 per tonne on March 9....
China’s aluminium ingot price hikes by RMB 10/t; expected to range at RMB 17350-17390/t
SMM aluminium ingot price registers a hike for the second day in a row. The price stands at RMB 17370 per tonne on Friday, March 12 2021. This is a growth of RMB 10 per tonne from Thursday’s price of RMB 17360 per tonne. The price is expected to move within a range of RMB 17350-17390 per tonne. In...
A00 aluminium ingot price in China settles RMB270/t higher on March 11 after two consecutive declines: SMM
After two consecutive downfalls on March 9 and 10 from RMB 17,490 per tonne to RMB 17,090 per tonne, A00 aluminium ingot price has recorded a surge of RMB 270 per tonne on Thursday, March 11, to settle at RMB 17,360 per tonne. The average prices are expected to range between RMB 17,340 per tonne...
Hindalco reduces aluminium wire rod and billets prices by 1% with effect from March 9
Hindalco Industries Limited has again cut its aluminium products and aluminium ingot prices with effect from Tuesday, March 9, after an intermittent hike on Saturday, March 6. Hindalco has reduced its aluminium wire rod price by INR 2,000 per tonne or 1.02 per cent from INR 195,850 per tonne to INR...
Vedanta’s aluminium ingot price stands lower at INR181000-194000/t with effect from March 9
Vedanta Limited has cut its aluminium ingot and aluminium products prices with effect from Tuesday, March 9, after a rise on Saturday, March 6. The aluminium ingot price has come in at INR 181,000-194,000 per tonne, representing a decline of INR 2,000 tonne from INR 183,000-196,000 per tonne on...
Hindalco Industries hikes its aluminium products price by INR 1,500/t
Hindalco Industries Limited has hiked its aluminium products price after cutting it on Friday. With effect from Saturday, 06 March 2021, aluminium billets price stands at INR 191,850 per tonne, an increase of INR 1,500 per tonne from INR 190,350 per tonne on March 5. The company’s aluminium ingot...
China’s aluminium ingot price registers a hike of RMB390/t; Aluminium alloy (ADC12) price stands at RMB 18100/t
SMM aluminium ingot price marked a growth of RMB 390 per tonne on Monday, March 8 2021. The aluminium price stood at RMB 17490 per tonne today from Friday’s price of RMB 17100 per tonne. The price is expected to move within a range of RMB 17470-17510 per tonne. In Foshan and Wuxi, the price rose by...
Vedanta raises its aluminium ingots price by INR 1,500/t
Vedanta has hiked its aluminium products price by INR 1,500 per tonne. With effect from Saturday, 06 March 2021, the prices of some aluminium ingots are in the range of INR 183,000-196,000 per tonne, representing an increase of 0.83 per cent from INR 181,500-194,500 per tonne on March 5. The...
Hindalco Industries reports INR 2,750/t decline in its aluminium products price
Hindalco Industries Limited has cut its aluminium products price after hiking it for the second time in a row. With effect from Friday, 05 March 2021, aluminium billets price stands at INR 190,350 per tonne. This is down by INR 2,750 per tonne from INR 193,100 per tonne on March 4. The company is...
US primary aluminium production rebounded in December 2020 to 77,000 tonnes; Total output in 2020 lowers 7% YoY
The United States domestic primary aluminium production stood at 77,000 tonnes in December 2020, up by 3,000 tonnes or 4.05 per cent from 74,000 tonnes in November, showed the recent data released by the United States Geological Survey. With this, the total aluminium production in 2020 came in at...
Alumina spot price in China shrinks to RMB2332/t after a week-long restraint; A00 aluminium ingot price declines by RMB480/t
The average alumina spot price in China has recorded a drop of RMB 12 per tonne to close the week on Friday, March 5, at RMB 2,332 per tonne, following a week-long restraint at RMB 2,344 per tonne, found the Shanghai Metals Market. In Shandong and Guangxi, the alumina spot price has decreased by...
Vedanta’s aluminium products prices grow back-to-back by INR1250/t with effect from March 4
Vedanta Limited has increased its aluminium products and aluminium ingot prices for the second day in a row, with effect from Thursday, March 4. The price of Vedanta's aluminium wire rod has been raised by INR 1,250 per tonne to INR 192,500 – 200,000 per tonne, in comparison with INR 191,250 –...
