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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China’s primary aluminium production grows 8.7% YoY to 3.18MT with daily output hit a record high in November 2020
Data from the National Bureau of Statistics (NBS) showed China’s primary aluminium production in November grew 8.7 per cent year-on-year to 3.18 million tonnes, with daily output hit a record high. Despite a month-on-month downfall of 0.6 per cent in production from October's 3.2 million tonnes,...
Iran’s primary aluminium production grows 52.2% YoY to 271,300 tonnes during March-November 2020
According to the latest data shared by the Iranian Mines and Mining Industries Development and Renovation Organisation (IMIDRO), aluminium ingot production in Iran rose by 52.2 per cent year-on-year during March-November 2020 to stand at 271,300 tonnes. By the end of the current Iranian calendar...
A00 aluminium ingot price declines to RMB16,650/t amid aluminium fluoride price growth to RMB8,700/t
According to the Shanghai Metals Market data, A00 aluminium ingot price has opened the week on Monday, December 14, with a downfall of RMB 70 per tonne to stand at RMB 16,650 per tonne, following two consecutive hikes to RMB 16,720 per tonne. The average prices are expected to range between RMB...
Vedanta hikes its aluminium ingot price by INR 1,500/t
Vedanta has hiked its aluminium products price after cutting it for the second time in a row. With effect from Thursday, December 10 2020, the prices of some aluminium ingots are in the range of INR 167,500-180,500 per tonne. This marks an increase of INR 1,500 per tonne from INR 166,000-179,000...
NALCO reduces its aluminium wire rod and billets prices by INR2600/t w.e.f. December 10 after global price fall
National Aluminium Company Limited (NALCO) has reduced the prices of its aluminium product and aluminium ingot with effect from Thursday, December 10, following a hike last week on December 1. NALCO has cut its aluminium wire rod price by INR 2,600 per tonne or 1.47 per cent from INR...
Hindalco raises its aluminium products price by INR 2,000/t with effect from December 11
Hindalco Industries Limited has hiked its aluminium products price for the third time in a row. With effect from Friday, 11 December 2020, , the company’s wire rods price stands at INR 183,350 per tonne, up by INR 2,000 per tonne, from INR 181,350 tonne on December 10. Aluminium billets price has...
Hindalco extends aluminium ingot price cut by INR1500/t to INR168,750/t with effect from December 9
Hindalco Industries Limited extended its aluminium ingot and aluminium product price cut on Wednesday, December 9, despite a hike in global aluminium benchmark price on the London Metal Exchange. Hindalco’s aluminium ingot price has been reduced by INR 1,500 per tonne to INR 168,750 per tonne,...
Alumina spot price in China grows for the third day in a row to RMB2314/t; A00 aluminium ingot price surges by RMB200/t
The average alumina spot price in China has extended growth for the third consecutive day by RMB 4 per tonne to RMB 2,314 per tonne, as of Thursday, December 10, according to the Shanghai Metals Market. In Henan and Shanxi, the alumina price has come in at RMB 2,325 per tonne growing by RMB 5 per...
Vedanta’s aluminium ingot price declines by INR 1,250/t with effect from December 9
Vedanta has cut its aluminium products price for the second time in a row. With effect from Wednesday, December 9 2020, the prices of some aluminium ingots are in the range of INR 166,000-179,000 per tonne, down by INR 1,250 per tonne from INR 167,250-180,250 per tonne on December 8. Billet price...
Alumina spot price in China settles higher at RMB2310/t, while A00 aluminium ingot price decreases to RMB16410/t
China’s average alumina spot price has recorded a hike of RMB 7 per tonne on Wednesday, December 9, to come in at RMB 2,310, found the Shanghai Metals Market. In Henan and Shanxi, the price has grown by RMB 10 per tonne to stand at RMB 2,320 per tonne. In Guizhou and Guangxi, alumina price has...
Vedanta reduces its aluminium ingot price by 1.6% to INR167,250-180,250/t with effect from December 8
Vedanta Limited has reduced the prices of its aluminium ingot and aluminium product with effect from Tuesday, December 8, following a hike last week on December 2. Vedanta has cut its aluminium ingot price by INR 2,750 per tonne or 1.62 per cent from INR 170,000-183,000 per tonne to INR...
Hindalco cuts its aluminium ingot price by INR 2750/t on December 8 in line with global aluminium price fall on LME
Hindalco Industries Limited has cut its aluminium ingot and aluminium product prices with effect from Tuesday, December 8, in line with the decline in global aluminium benchmark price on the London Metal Exchange since December 3. With the latest cut, Hindalco's aluminium ingot price has come in at...
Alumina price in China rises by RMB 11/t; Aluminium ingot price in Foshan stands at RMB 16500/t
As updated by Shanghai Metals Market, average spot alumina price in China has registered a hike after three days of restraint. The price has marked an increase of RMB 11 per tonne to stand at RMB 2303 per tonne on Tuesday, 08 December 2020. The prices of alumina in Shandong, Henan and Shanxi China...
Weekly update: Aluminium ingot price in China saw mixed performance this week; Alumina prices edged higher
SMM aluminium ingot price started the week higher. The price on Monday, 30 November stood at RMB 16770 per tonne, up RMB 440 per tonne from Friday. The price continued to perform higher till Wednesday. Aluminium ingot price ended the week lower at RMB 16610 per tonne on Friday, 4 December 20202020,...
Prebaked anode price in Southwest China edges higher by RMB 135/t; Al Fluoride stands at RMB 8600/t
Prebaked anode price in Southwest China market has edged higher by RMB 135 per tonne. As on Friday, 04 December 2020, prebaked anode price has ranged at RMB 3565-3850 per tonne. The average price stands at RMB 3,707.5 per tonne, from its previous price of RMB 3572.5 per tonne. The average prices of...
Hindalco’s aluminium ingot price soars by over INR5000/t to peg at INR173,000/t w.e.f. December 2
Hindalco Industries Limited has significantly increased the prices of its aluminium ingot and aluminium product with effect from Wednesday, December 2, in line with rallied global aluminium benchmark price on the London Metal Exchange. Hindalco is now selling its aluminium ingot at INR 5,500 per...
A00 aluminium ingot price declines by RMB230/t after six days of hike in a row; Prebaked anode price grows by RMB270/t
A00 aluminium ingot price in China has decreased by RMB 230 per tonne to stand at RMB 16,850 per tonne, as of Thursday, December 3, following six consecutive days of hike from RMB 15,930 per tonne to RMB 17,080 per tonne, according to the Shanghai Metals Market. The average prices are expected to...
Shri Bijay Kumar Das becomes Director (Production) at NALCO
Shri Bijay Kumar Das has been elevated to the Director (Production) at the Navratna CPSE National Aluminium Company Limited (NALCO), with effect from December 1, 2020. Shri Das was serving NALCO as Executive Director (Projects) at Corporate Office, Bhubaneswar. The association of Mr Das with NALCO...
