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 in China ascends to RMB15,350/t; It drives aluminium alloy (A356) price hike to RMB16,050/t
A00 aluminium ingot price has soared by RMB 320 per tonne to stand at RMB 15,350 per tonne on Thursday, February 4, following a plunge of RMB 160 per tonne to RMB 15,030 per tonne on February 3, found Shanghai Metals Market. The average prices are expected to range between RMB 15,330 per tonne and...
Vedanta cuts aluminium ingot price by 1.05% to INR165,500-178,500/t on February 3
Vedanta Limited decreased its aluminium ingot and aluminium products prices for the second time in a row with effect from Wednesday, February 3. The company is currently selling its aluminium ingot at INR 165,500-178,500 per tonne, down by INR 1,750 per tonne or 1.05 per cent from INR...
Hindalco reduces its aluminium wire rod and billets prices by INR1750/t with effect from February 3
Hindalco Industries Limited has further reduced its aluminium products and aluminium ingot prices, albeit slower than the previous time, with effect from Wednesday, February 3. The company reveals that it is now selling its aluminium wire rod price at INR 176,850 per tonne compared to 178,600 per...
China’s average alumina spot price stands lower at RMB2388/t after a restraint last day; A00 aluminium ingot price extends decline
The average alumina spot price in China has recorded a decline of RMB 14 per tonne to stand at RMB 2,388 per tonne on Wednesday, February 3, following a restraint last day at RMB 2,402 per tonne, found Shanghai Metals Market data. In Henan and Shanxi, alumina price has plunged by RMB 17.50 per...
Prebaked anode price in Central China grows by RMB55/t after almost a month-long restraint; A00 aluminium ingot price declines
According to Shanghai Metals Market, prebaked anode price in central China has recorded a hike of RMB 55 per tonne to peg at RMB 3,700 per tonne on Tuesday, February 2, following almost a month-long restraint at RMB 3,645 per tonne. The average prices are expected to range between RMB 3,500 per...
Vedanta’s aluminium ingot & products prices down by INR2250/t after a hike this week
Vedanta Limited has reduced its aluminium ingot and aluminium products prices with effect from Friday, January 29, in line with sluggish LME aluminium benchmark price since January 27. Decreasing the aluminium ingot price by INR 2,250 per tonne, Vedanta is now selling it at INR 167,250-180,250 per...
NALCO elevates its aluminium ingot price by INR1400/t with effect from January 28
National Aluminium Company Limited (NALCO) has raised its aluminium ingot and aluminium products prices with effect from Thursday, January 28, after two consecutive weeks of decline. With the latest hike, NALCO’s aluminium ingot price has come in at INR 169,250-172,750 per tonne versus INR...
Hindalco Industries’ aluminium billets price dipped by 1.3% to INR 174,600/t
Hindalco Industries Limited has cut its aluminium products price by INR 2250 per tonne. With effect from Friday, 29 January 2021, wire rods price stands at INR 178,600 per tonne, a decrease of 1.24% from INR 180,850 per tonne on January 26. The company is selling its aluminium billets and aluminium...
A00 aluminium ingot price gains RMB100/t after three consecutive days of decline; Input costs remain muted
A00 aluminium ingot price has recorded a hike of RMB 100 per tonne to close the week on Friday, January 29, at RMB 14,970 per tonne, after declining in the past three days in a row from RMB 15,030 per tonne to RMB 14,870 per tonne, found Shanghai Metals Market. The average prices are expected to...
China’s aluminium price declines by RMB 40/t; Aluminium Alloy (A356) stands at RMB15550/t
SMM aluminium ingot price has registered a drop for the three days in a row. As of Thursday, 28 January 2021, the price now stands at RMB 14870 per tonne, representing a decline of RMB 40 per tonne from Wednesday’s price of 14910 per tonne. The price is expected to range at RMB 14850-14890 per...
Hindalco increases its aluminium ingot price to nearly INR170,000/t in line with LME aluminium price surge
Hindalco Industries Limited expanded its aluminium ingot and aluminium products prices for the second time in a row, with effect from Tuesday, January 26. Hindalco’s aluminium ingot price is currently standing at INR 169,750 per tonne, up by INR 2,250 per tonne from INR 167,500 per tonne on January...
Vedanta further raises aluminium ingot price by INR2,250/t in response to LME aluminium price hike over the weekend
Vedanta Limited has expanded its aluminium ingot and aluminium products prices for the second consecutive time, with effect from Tuesday, January 26. The company has raised its aluminium ingot price to INR 169,500-182,500 per tonne from INR 167,250-180,250 per tonne on January 21. This records an...
Alumina spot price in China expands for the third day to clock at RMB2,398/t; A00 aluminium ingot price losses RMB70/t
The average alumina spot price in China has recorded growth for the third consecutive day to stand at RMB 2,398 per tonne on Tuesday, January 26, according to Shanghai Metals Market. In Guizhou and Guangxi, alumina price is hovering around RMB 2,360 per tonne, registering a hike of RMB 10 per tonne...
Chinese alumina spot price further expands to settle at RMB 2,394/t; A00 aluminium ingot price gains RMB30/t
Average alumina spot price in China has opened the week on Monday, January 25, with a further hike of RMB 9 per tonne to stand at RMB 2,394 per tonne, according to Shanghai Metals Market data. In Shandong, Guizhou, and Guangxi, alumina spot price has increased the highest by RMB 15 per tonne, found...
LME aluminium price edged lower at US$1975.50/t after two consecutive days of hike; SHFE expanded to US$2310/t
Three-month LME aluminium fell 0.28 per cent to close at US$ 1,994.50 per tonne on Friday, January 22, with open interest rising to 738,000 lots. It is expected to trade between US$1,920-2,030 per tonne today. LME aluminium cash (bid) price and LME official settlement price decreased to US$ 1975.50...
Hindalco’s aluminium ingot price grows by INR1750/t on January 21 after four consecutive declines
Hindalco Industries Limited reduced its aluminium ingot and aluminium products prices by INR 2,250 per tonne on January 20 but increased a day later by INR 1,750 per tonne. On Wednesday, January 20, Hindalco’s aluminium ingot price had come in at INR 165,750 per tonne, which rebounded to INR...
NALCO continues to decrease aluminium ingot price by INR1700/t this week
National Aluminium Company Limited (NALCO) has further reduced its aluminium ingot and aluminium products prices with effect from Thursday, January 21. After cutting the aluminium ingot price by INR 2000 per tonne last week on January 16, NALCO this week has narrowed the price by INR 1700 per tonne...
A00 aluminium ingot price rebounds to over RMB15000/t; Aluminium alloy (A356) price surges by RMB250/t
A00 aluminium ingot price has jumped by RMB 270 per tonne on Thursday, January 21, to stand above RMB 15,000 per tonne, following the past two consecutive days of decline. Shanghai Metals Market data shows the primary aluminium ingot price has come in at RMB 15,020 per tonne, with average prices to...
