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Why Aluminium prices are going up? Here's an analysis

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Aluminium prices have moved up nearly 5 percent in the past week. In the last one month, it is up by closed to 12 percent and in this calendar year increased by 25 percent. CNBC-TV18’s Nigel D'Souza gets more details.

Aluminium prices have moved up nearly 5 percent in the past week. In the last one month, it is up by closed to 12 percent and in this calendar year increased by 25 percent.
The prices of aluminium are moved up but they are not at an all-time high. For steel, it is at a decade high.
Demand has been very strong in China whether it is white goods products, autos or home appliances. Therefore, Chinese demand has been very strong.
Inventories have been coming down. Lower inventory is always good for premium on aluminium.
Aluminium production has been curtailed in China. In a couple of provinces, due to emission norms, some supply has been pulled out of the market.
On the valuation side, Nalco is trading at a discount because it is a government-owned company, Vedanta has its own set of issues but they are also into other commodities. Hindalco will gain because LME prices are moving up and Hindustan Zinc is fairly expensive valuation wise.
Watch accompanying video for more.

Market Movers

CompanyPriceChange%Loss
Adani Ports768.45 -71.30
Coal India159.35 -3.30
Kotak Mahindra1,768.05 -26.30
HDFC2,539.20 -20.60
Maruti Suzuki7,177.85 -45.95
CompanyPriceChange%Loss
Kotak Mahindra1,768.25 -27.20
HDFC2,539.20 -19.50
Sun Pharma677.25 -4.00
Bajaj Auto4,148.50 -23.70
NTPC118.15 -0.60
CompanyPriceChange%Gain
Tata Motors355.95 5.20
Reliance2,244.90 31.75
Wipro561.60 7.30
Divis Labs4,388.05 53.55
Bajaj Finance6,194.15 74.15
CompanyPriceChange%Gain
Reliance2,245.30 32.30
Bajaj Finance6,194.20 75.40
ONGC124.85 1.30
Infosys1,461.40 14.65
Power Grid Corp248.70 2.40

Currency

CompanyPriceChng%Chng
Dollar-Rupee73.27000.20250.28
Euro-Rupee88.72800.02000.02
Pound-Rupee103.3510-0.0420-0.04
Rupee-100 Yen0.66760.00130.20