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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Vedanta hikes its aluminium ingot price by INR 1,750/t with effect from 18 November
Vedanta has hiked its aluminium products price for the fifth time in a row. With effect from Wednesday, 18 November 2020, the prices of some aluminium ingots are in the range of INR 164,250-177,250 per tonne, up by INR 1,750 per tonne from INR 162,500-175,500 per tonne on November 14. The company’s...
Aluminium price climbs by RMB160/t; Al Fluoride price in China stands at RMB 8250/t
SMM aluminium ingot price registered a hike today after a decline yesterday. The price rose by RMB 160 per tonne to stand at RMB 15750 per tonne on Wednesday, 18 November 2020. The price is expected to range at RMB 15730-15770 per tonne. In Foshan and Wuxi, the price rose by RMB 160 per tonne each...
NALCO raises its aluminium ingot price for the sixth time in a row by nearly 2% to INR 167,050-170,550/t w.e.f. Nov 17
National Aluminium Company Limited (NALCO) has expanded its aluminium ingot and aluminium product prices for the sixth time in a row with effect from Tuesday, November 17. Compared with the hike of INR 1,400 per tonne on November 13, NALCO has increased its aluminium ingot price by INR 3,000 per...
Hindalco’s aluminium ingot price further rose to INR165,500/t on Nov 14 in line with incessant LME aluminium price hike
Hindalco Industries Limited has further increased the prices of its aluminium ingot and aluminium products, with effect from Saturday November 14. This marks the fifth consecutive time since October 31, 2020, that Hindalco has been increasing its aluminium prices. On November 14, the company...
China’s A00 aluminium ingot price trends down by RMB80/t after seven consecutive days of hike; Input costs remain muted
After hiking for the seven consecutive days, A00 aluminium ingot price has trended down by RMB 80 on Tuesday, November 17, to stand at RMB 15,590 per tonne, found the Shanghai Metals Market. The average prices are expected to range between RMB 15,570 per tonne and RMB 15,610 per tonne, with spot...
Iran's production of aluminium ingots up by 69% in seven months
Iran's production of aluminium ingots stood at 247,335 tonnes during the first seven months of the current Iranian calendar year (20 March-21 October). That was up 69 per cent compared with the same period last year. Aluminium ingot output rose by 56 per cent in the seventh month of this year. The...
Vedanta raises its aluminium ingot price by INR 1,500/t
Vedanta has hiked its aluminium products price for the fourth time in a row. With effect from Saturday, 14 November 2020, the prices of some aluminium ingots are in the range of INR 162,500-175,500 per tonne, up by INR 1,500 per tonne from INR 161,000-174,000 per tonne on November 13. The company’s...
Aluminium ingot prices in China stands at RMB 15670/t; Aluminium Alloy (A356) price up by RMB 50/t
SMM aluminium ingot price has started the week higher. The price stands at RMB 15670 per tonne on Monday, 16 November 2020, marking an increase of RMB 40 per tonne. The price is expected to range at RMB 15650-15690 per tonne. In Foshan and Wuxi, the price has risen by RMB 30 per tonne and RMB 40...
NALCO now selling its aluminium ingot at INR1400/t higher with effect from November 13
National Aluminium Company Limited (NALCO) has further increased the prices of its aluminium ingot and aluminium product, although lesser than the previous week, with effect from Friday, November 13. Compared with the hike of INR 4,500 per tonne on November 4, NALCO has raised its aluminium ingot...
Vedanta’s aluminium wire rods & billets prices increase for the third time in a row by INR1500/t w.e.f. Nov 13
Vedanta has increased the prices of its aluminium product and aluminium ingot for the third time in a row, with effect from Friday, November 13. The last time Vedanta hiked its aluminium prices was on November 4. This week, the company has raised its aluminium wire rods price by INR 1,500 per tonne...
Hindalco expands its aluminium ingot price by INR2000/t after more than a week
Hindalco Industries Limited has increased the prices of its aluminium ingot and aluminium products after more than a week, with effect from Friday, November 13. The company's aluminium ingot price is now standing at INR 163,750 per tonne, registering a hike of INR 2,000 per tonne or 1.24 per cent...
A00 aluminium ingot price in China stands RMB140/t higher to close the week above RMB15600/t
A00 aluminium ingot price has been continuing to hover above RMB 15,000 per tonne since the past ten days, and today, on November 13, the price has exceeded RMB 15,500 per tonne level. Growing by RMB 140 per tonne from RMB 15,490 per tonne on November 12, A00 aluminium ingot price has closed the...
Aluminium ingot prices in China rise for the fifth time in a row; Aluminium Alloy (A356) price up by RMB 150/t
SMM aluminium ingot price has increased for the fifth time in a row. The price stands at RMB 15490 per tonne on Thursday, 12 November 2020, representing an increase of RMB 140 per tonne. The price is expected to range at RMB 15470-15510 per tonne. In Foshan and Wuxi, the price has risen by RMB 160...
A00 aluminium ingot price soars by RMB170/t to stand at RMB15,350/t, Aluminium alloy (A356) price climbs by RMB200/t
A00 aluminium ingot price has soared by RMB 170 per tonne to stand at RMB 15,350 per tonne on Wednesday, November 11, marking the fourth consecutive day of rising, according to the Shanghai Metals Market data. The average prices are expected to range between RMB 15,330-15,370 per tonne, with spot...
Aluminium ingot price rises by RMB 20/t; Aluminium Alloy (A356) stands at RMB 15800/t
SMM aluminium ingot price has registered a hike for the three days in a row. The price stands at RMB 15180 per tonne on Tuesday, 10 November 2020, marking a growth of RMB 20 per tonne. The price is expected to range at RMB 15160-15200 per tonne. In Foshan and Wuxi, the price has increased by RMB 20...
A00 aluminium price rises by RMB10/t; expected to range at RMB15070-15110 /t
SMM aluminium ingot price has risen by RMB 10 per tonne from its earlier price to RMB15090 per tonne on Friday, 06 November 2020. The price has registered a hike after two days of decline. It expected to move within a range of RMB 15070-15110 per tonne. In Foshan and Wuxi, the price has increased...
Hindalco’s aluminium ingot price increases for the third time in a row to stand at INR161,750/t w.e.f. Nov 4
Hindalco Industries Limited further increased the prices of its aluminium ingot and aluminium products on November 4, marking the third consecutive hike since October 31. The price of Hindalco’s aluminium ingot is now standing at INR 161,750 per tonne after an increase of INR 4,750 per tonne or...
Primary aluminium inventories in China fall sharply by 34,000 tonnes on November 5, 2020
According to the Shanghai Metals Market, social inventories of primary aluminium ingots have shrunk sharply this week, ending on Thursday, November 5, due to robust downstream demand and limited arrivals of stocks. Data shows the inventories have decreased by 34,000 tonnes across eight major...
