Aluminium prices drift higher as September peak season operations recover amid low inventory
Futures: The most-traded SHFE aluminium contract opened at RMB 24,400 per tonne in the night session on September 7, reached a high of RMB 24,470 per tonne and a low of RMB 24,335 per tonne, and closed at RMB 24,450 per tonne, up 30 from the previous close, a gain of 0.12 per cent. Prices traded...
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,...
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Molten aluminium ratio declines at Chinese aluminium smelters in December 2020: Know Why?
In December 2020, molten aluminium accounted for 66.6 per cent of China’s total aluminium production, found the Shanghai Metals Market. That was down by 1.17 percentage points from the previous month, owing to the increased proportion of ingot output at smelters in north China. The decline was most...
Hindalco Industries’ aluminium products price grows by INR 2,250/t
Hindalco Industries Limited has raised its aluminium products price by INR 2,250 per tonne on Saturday. With effect from 09 January 2021, wire rods price stands at INR 183,350 per tonne, an increase of 1.24% from INR 181,100 tonne on January 8. Aluminium billets price has hiked to stand at INR...
Vedanta raises its aluminium products prices by INR2250/t following an intermittent cut
Vedanta Limited increased its aluminium products and aluminium ingot prices with effect from Saturday, January 9, following an intermittent cut on Friday, January 8. That marked the fifth consecutive day since Tuesday, January 5, that Vedanta revised its aluminium products and ingot prices. With...
Hindalco cuts aluminium ingot price by over 2% with effect from January 8
Hindalco Industries Limited has sharply reduced its aluminium ingot and aluminium products prices with effect from Friday, January 8, after hiking them in the past two consecutive days. With the latest cut, Hindalco’s aluminium ingot price has come in at INR 170,000 per tonne, a decrease of INR...
Vedanta sharply cuts its aluminium products prices by INR4,500/t after three consecutive hikes
Vedanta Limited has decreased its aluminium ingot and aluminium products prices with effect from Friday, January 8, following the three consecutive days of hike. The company’s aluminium ingot price is now hovering at INR 169,750-182,750 per tonne, down by INR 4,500 per tonne from INR...
Vedanta’s aluminium ingot price stands at INR 174,250-187,250/t with effect from January 7
Vedanta has risen its aluminium products price for the third time in a row. With effect from Thursday, 07 January 2021, the prices of some aluminium ingots are in the range of INR 174,250-187,250 per tonne, representing a growth of INR 3,000 per tonne from INR 171,250-184,250 per tonne on January...
China’s alumina price stands marginally higher; Alumina (Imported) price stands at RMB 2460/t
As updated by Shanghai Metals Market, average spot alumina price in China has increased by RMB 2 per tonne on Thursday, 07 January 2021 to come in at RMB 2340 per tonne, after remaining flat at 2338 per tonne since December 29. Alumina price in Shanxi has risen by RMB 5 per tonne to stand at RMB...
Hindalco back-to-back increases its aluminium products prices; Aluminium wire rod price grows by INR3000/t
Hindalco Industries Limited has back-to-back increased the prices of its aluminium ingot and aluminium products, with effect from Thursday, January 7. After increasing the price of aluminium wire rod by INR 2750 per tonne or 1.53 per cent on January 6, Hindalco Industries on the very next day has...
NALCO increases aluminium ingot price by INR4100/t on January 6 after two consecutive declines
National Aluminium Company Limited (NALCO) has raised the prices of its aluminium ingot and aluminium products with effect from Wednesday, January 6, after reducing them for the two consecutive times. NALCO’s aluminium ingot price has come in at INR 171,550-175,050 per tonne, recording a...
Vedanta hikes its aluminium ingot price by INR 1,250/t with effect from January 6
Vedanta has increased its aluminium products price for the second time in a row. With effect from Wednesday, 06 January 2021, the prices of some aluminium ingots are in the range of INR 171,250-184,250 per tonne. This marks an increase of INR 1,250 per tonne from INR 170,000-183,000 per tonne on...
Hindalco Industries’ billets price rises by 1.56% to INR 178,600/t
Hindalco Industries Limited has risen its aluminium products price INR 2,750 per tonne. With effect from Wednesday, 06 January 2021, the company’s wire rods price stands at INR 182,600 per tonne, from INR 179,850 tonne on December 30. Aluminium billets price has hiked to stand at INR 178,600 per...
A00 aluminium ingot price remains muted at RMB15690/t; Australian alumina FOB price climbs by US$2/t
According to the Shanghai Metals Market, A00 aluminium ingot price has remained restrained at RMB 15,690 per tonne, with average prices expected to range between RMB 15,670 per tonne and RMB 15,710 per tonne, as of Wednesday, January 6. Spot contract is expected to trade at a premium price of RMB...
Vedanta’s aluminium ingot price jumps by INR 6,250/t with effect from January 05
Vedanta has hiked its aluminium products price after declining it for the third time in a row. With effect from Tuesday, 05 January 2021, the prices of some aluminium ingots are in the range of INR 170,000-183,000 per tonne, a jump of INR 6,250 per tonne from INR 163,750-176,750 per tonne on...
A00 aluminium ingot price declines for the fifth consecutive day to RMB15590/t; Prebaked anode price up by RMB60/t
According to the Shanghai Metals Market, A00 aluminium ingot price in China has reopened the market after the New Year Holiday with a plunge of RMB 120 per tonne to stand at RMB 15,590 per tonne, as of January 4, 2021. This marks the fifth consecutive day of decline since December 28, 2020. The...
Weekly update: Aluminium ingot price in China performed lower this week; Aluminium inventories closed the year 2020 at 613,000 tonnes
SMM aluminium ingot price trended lower this week. The price on Monday, 28 December declined by RMB 120 per tonne to stand at RMB 16190 per tonne. The price further dropped on Tuesday and Wednesday, ending the price at RMB 15870 per tonne and RMB 15770 per tonne. Aluminium ingot price ended lower...
NALCO begins the year 2021 with a significant aluminium ingot price cut by INR4900/t with effect from January 1
National Aluminium Company Limited (NALCO) has continued to reduce the prices of its aluminium ingot and aluminium products for the second time in a row after two weeks on January 1, 2021. With the latest cut, NALCO’s aluminium ingot price has come in at INR 167,450-170,950 per tonne, down by INR...
Vedanta cuts its aluminium ingot price by INR2,500/t with effect from January 1
Vedanta has reduced its aluminium products price for the third time in a row. With effect from Friday, 01 January 2021, the prices of some aluminium ingots are in the range of INR 163,750-176,750 per tonne. This is up by INR 2,500 per tonne from INR 166,250-179,250 per tonne on December 30. The...
China’s Aluminium ingot price fell by RMB60/t to RMB15710/t; Aluminium Alloy (A356) declines by RMB50/t
SMM aluminium ingot price has dropped for the fourth day in a row. As of Thursday, 31 December 2020, the price now stands at RMB 15710 per tonne. This is down by RMB 60 per tonne from Wednesday’s price of 15,770 per tonne. The price is expected to range at RMB 15690-15730 per tonne. In Foshan and...
