According to SMM statistics, aluminium billet inventory in mainstream domestic consumption areas stood at 206,000 tonnes on Jan. 15, up 21,500 tonnes from Monday and 36,500 tonnes w-o-w. During Jan. 5-11, total warehouse withdrawals of domestic aluminium billets amounted to 38,500 tonne, up 4,500 ...
Domestic aluminium prices in India continued to strengthen w-o-w, supported by upward revisions from primary producers amid firm LME and MCX aluminium futures and ongoing global supply concerns. The price increase came despite adequate domestic availability and only moderate downstream demand, hig ...
Macro perspective: Macro sentiment was mixed between long and short factors. Domestically, positive macro sentiment remained strong. The Ministry of Finance held a national video conference to promote a package of policies for fiscal and financial coordination to boost domestic demand, requiring f ...
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