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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NALCO’s aluminium ingot and products prices soar by INR5400/t with effect from February 19
National Aluminium Company Limited (NALCO) has continued to increase its aluminium ingot and aluminium products prices for the third time in a row, with effect from Friday, February 19. NALCO is currently selling its aluminium ingot at INR 179,850 – 183,350 per tonne compared to INR 174,450 -...
Hindalco Industries hikes its aluminium billets price by INR 3,750/t
Hindalco Industries Limited has continued to hike its aluminium products price. With effect from Friday, 19 February 2021, wire rods price stands at INR 191,100 per tonne. This is an increase of INR 3,750 per tonne from INR 187,350 per tonne on February 18. The company is selling its aluminium...
China’s alumina price slips by RMB 26/t; Aluminium ingot price stands RMB 220/t higher
As updated by Shanghai Metals Market, average spot alumina price in China has decreased by RMB 26 per tonne after six days of restrained. The price now stands at RMB 2362 per tonne as of Friday, 19 February 2021. Alumina prices in Henan and Shanxi have reduced by RMB 32.5 per tonne each to stand at...
Vedanta’s aluminium ingot price grows for the fifth time in a row to INR176,000-189,000/t on February 18
Vedanta Limited has further increased its aluminium ingot and aluminium products prices for the fifth consecutive time, with effect from Thursday, February 18. With the latest hike, Vedanta’s aluminium ingot price has come in at INR 176,000-189,000 per tonne, up by INR 2,000 per tonne or 1.15 per...
Hindalco Industries reports INR 2,000/t hike in aluminium products price
Hindalco Industries Limited has raised its aluminium products price today. With effect from Thursday, 18 February 2021, wire rods price stands at INR 187,350 per tonne, an increase of INR 2,000 per tonne from INR 185,350 per tonne on February 11. The company is selling its aluminium billets at INR...
Iran’s aluminium ingot production sees a hike of 58% during December-January 2021; Output in total ten months grows 65%
Aluminium ingot production in Iran rose 65 per cent to 364,783 tonnes during the first ten months of the current Iranian calendar year (March 20, 2020 – January 19, 2021) compared to the same period of the previous year. In the tenth month of the year ending on January 19, 2021, aluminium ingot...
NALCO’s aluminium ingot price further increases to INR174,450-177,950/t with effect from February 13
National Aluminium Company Limited (NALCO) increased its aluminium ingot and aluminium products prices for the second consecutive time last week on Saturday, February 13, albeit slower than on February 10. The company’s aluminium ingot price was raised by INR 2,200 per tonne to INR 174,450 -...
Hindalco Industries’ aluminium products price rises by INR 1750/t
Hindalco Industries Limited has hiked its aluminium products price by INR 1750 per tonne. With effect from Thursday, 11 February 2021, wire rods price stands at INR 185,350 per tonne, an increase of 0.95%from INR 183,600 per tonne on February 10. The company is selling its aluminium billets and...
China’s primary aluminium inventories expand by 61,000 tonnes this week to reach at 775,000 tonnes
According to the Shanghai Metals Market, primary aluminium ingot inventories in China have continued to build-up this week, on Wednesday, February 10. Data shows the stocks have significantly gained 61,000 tonnes across eight major consumption areas in China, including SHFE warrants, to come in at...
NALCO’s aluminium ingot price soars by over INR4500/t on February 10 in line with 2-years high LME aluminium price
National Aluminium Company Limited (NALCO) has raised its aluminium ingot and aluminium products prices significantly with effect from Thursday, February 11, after reducing them last week. NALCO’s data shows its aluminium ingot price has soared by INR 4,600 per tonne to come in at INR 172,250 -...
Vedanta hikes its aluminium ingot price by INR 1,750/t
Vedanta has hiked its aluminium products price for the fourth time in a row. With effect from Wednesday, 10 February 2021, the prices of some aluminium ingots are in the range of INR 172,250-185,250 per tonne. This marks a growth of INR 1,750 per tonne from INR 170,500-183,500 per tonne on February...
China’s aluminium price grows by RMB 30/t; Aluminium alloy (ADC12) price stands at RMB 17100/t
SMM aluminium ingot price has registered a hike for the five days in a row. As of Wednesday, 10 February 2021, the price now stands at RMB 15770 per tonne, marking a growth of RMB 30 per tonne. The price is expected to range at RMB 15750-15790 per tonne. In Foshan and Wuxi, the price has risen by...
Vedanta selling its aluminium ingot higher at INR170,500-183,500/t with effect from February 9
Vedanta Limited has increased its aluminium ingot and aluminium products prices for the third day in a row, with effect from Tuesday, February 9. Aluminium ingot price has been raised by INR 1,250 per tonne from INR 169,250-182,250 per tonne on February 6 to INR 170,500-183,500 per tonne on...
Hindalco’s aluminium wire rod and billets prices reflect third consecutive growth of INR1250/t on February 9
Hindalco Industries Limited has increased its aluminium products and aluminium ingot prices for the third time in a row, albeit slower than the previous time, with effect from Tuesday, February 9. Hindalco’s aluminium wire rod price has come in at INR 181,850 per tonne after being raised by INR...
NALCO reduces its aluminium ingot price this week by INR1600/t
National Aluminium Company Limited has reduced its aluminium ingot and aluminium products prices this week, with effect from Friday, February 5. NALCO’s aluminium ingot price has thus come in at INR 167,650-171,150 per tonne, down by INR 1,600 per tonne from INR 169,250-172,750 per tonne on last...
Vedanta back-to-back raises its aluminium ingot price on February 5 & 6 in line with 3-month aluminium futures surge on LME
Vedanta Limited increased its aluminium ingot and aluminium products prices back-to-back on February 5 and 6, in line with LME aluminium price hike. On February 5, the company raised its aluminium ingot price by INR 1,500 per tonne from INR 165,500-178,500 per tonne to INR 167,000-180,000 per...
Vedanta Jharsuguda bags the ‘Best Exporter’ Award, presented by Govt of Odisha
India’s largest producer of aluminium and value-added products, Vedanta Aluminium’s Jharsuguda plant has bagged the ‘Best Exporter’ Award for the years 2017-18 & 2018-19 at the Odisha State Export Award. Directorate of Export Promotion & Marketing (DEPM), Odisha organized the event and the awards...
Hindalco raises aluminium ingot price by INR1500/t w.e.f. February 5 after two consecutive cuts
Hindalco Industries Limited has raised its aluminium ingot and aluminium products prices with effect from Friday, February 5, after reducing them for the past two consecutive times. The company has revealed that it is now selling its aluminium ingot at INR 167,250 per tonne compared to INR 165,750...
