China continues destocking, coupled with recovering peak-season demand; aluminium prices are expected to consolidate at highs with an upward bias next week
1. Macro perspective The US-Iran conflict escalated sharply. On September 9, Iran's Revolutionary Guard struck multiple oil tankers and merchant vessels in the Strait of Hormuz, causing a significant drop in strait traffic. Brent crude broke through USD 100 per bbl, closing at USD 101.21, while WTI...
ADC12 consolidates on a strong note as costs rise and orders see marginal improvement
Aluminium scrap: This week, China's aluminium scrap market price centre edged up alongside primary aluminium. As of September 10, SMM A00 aluminium prices closed at RMB 24,560 per tonne, up RMB 210 per tonne from RMB 24,350 per tonne last Thursday. Domestic aluminium scrap prices followed with...
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Vedanta Limited expands its aluminium wire rod and billets prices by 2% with effect from February 19
Vedanta Limited has continued to increase its aluminium products and aluminium ingot prices with effect from Friday, February 19. The company’s aluminium wire rod price has come in at INR 187,250 – 194,750 per tonne, up significantly by INR 3,750 per tonne or 2.04 per cent from INR 183,500—191,000...
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...
LME aluminium price climbed 2.41% to stand at US$2147/t; SHFE price gained US$21/t to US$2548/t
The LME complex performed similarly on Thursday, with aluminium increased 1.35 per cent. Benchmark aluminium price on the London Metal Exchange edged 2.41 per cent higher on Thursday, February 18. LME aluminium cash (bid) price and LME official settlement price continued to increase to reach at US$...
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...
Three-month LME aluminium closed higher at US$2,112.5/t; SHFE rose after CNY holidays
Three-month LME aluminium advanced 1.2% to settle at US$2,112.5 per tonne on Wednesday, with open interest decreasing 5,068 lots to 681,000 lots. As of Wednesday, February 17, LME aluminium cash (bid) price stands at US$ 2096.50 per tonne, LME official settlement price stands at US$ 2096.50 per...
A00 aluminium ingot price stands above RMB16000/t after a week-long CNY holiday; Aluminium alloy (A356) grows by RMB450/t
A00 aluminium ingot price has opened the market after a week-long Chinese New Year Holiday with a surge of RMB 440 per tonne to stand above RMB 16,000 per tonne, found the Shanghai Metals Market. According to the data, the price today, on February 18, has pegged at RMB 16,210 per tonne, the highest...
FY21: NALCO CMD forecasts Aluminium production to cross 4.1 lakh tonne
The National Aluminium Company Limited (NALCO), a Navratna CPSE under Ministry of Mines, Govt. of India has posted higher EBITDA in Q3FY21 driven by a strong performance by the aluminium business piloted by higher LME aluminium prices and favourable costs. Sridhar Patra, CMD, NALCO explained:...
Benchmark aluminium price on LME inched down by US$2/t to clock at US$2077/t; SHFE remained closed for CNY holiday
Benchmark aluminium price on the London Metal Exchange edged slightly lower to US$ 2077 per tonne on Tuesday, February 16, from US$ 2079 per tonne on Monday. LME aluminium cash (bid) price and LME official settlement price slipped by US$ 2 per tonne on Tuesday, February 16, to stand at US$ 2077 per...
LME aluminium price slightly hiked to stand at US$ 2079/t on Monday
Benchmark aluminium price on London Metal Exchange increased by 0.14 per cent to US$ 2079 per tonne on Monday, February 15, from US$ 2076 per tonne on Friday. As of Monday, February 15, LME aluminium cash (bid) price stands at US$ 2079 per tonne, LME official settlement price stands at US$ 2079 per...
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...
LME aluminium price closed Friday’s trading at US$ 2076/t
Benchmark aluminium price on London Metal Exchange slightly increased to US$ 2076 per tonne on Friday, February 12, from US$ 2075.5 per tonne on Thursday. As of Friday, February 12, LME aluminium cash (bid) price stands at US$ 2076 per tonne, LME official settlement price stands at US$ 2076 per...
Benchmark aluminium price on LME further gained US$5/t to stand at US$2075.50/t; SHFE closed for CNY holiday
Benchmark aluminium price on the London Metal Exchange inched up by US$ 5 per tonne or 0.24 per cent on Thursday, February 11. LME aluminium cash (bid) price and LME official settlement price continued to hike for the past one week to reach at US$ 2075.50 per tonne on Thursday, February 11, from...
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 -...
Rusal’s Q4 2020 aluminium production stands 1.2% higher at 950,000 tonnes, while full-year output remains flat
Rusal recently announced its fourth-quarter and full-year operating results of 2020, revealing that its aluminium production in Q4 stood at 950,000 tonnes, bringing the total full-year output to 3.755 million tonnes. The production in Q4 saw an increase of 1.2 per cent from 939,000 tonnes in Q3,...
