Today, the centre of SHFE aluminium futures fell from the previous trading day, market shipment sentiment was relatively pronounced, and overall spot aluminium transactions shifted to discounts. Today, market transactions for A00 aluminium ingot premiums were between a discount of RMB 40 per tonne...
Futures: SHFE aluminium closed at RMB 24,010 per tonne, down 0.62 per cent, with the price breaking below MA5 (around 24,160) but holding slightly above MA10 (23,988.5); short-term moving average support faces a test, while medium-term MA30 (23,469.5) and MA60 (23,699.67) remain in bullish...
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LME aluminium opened at US$2,213 per tonne on Thursday, with its high and low at US$2,233 per tonne and US$2,197 per tonne, respectively, before closing at US$2,232.5 per tonne, an increase of US$22 per tonne or 1.02 per cent. On Monday, August 7, both LME aluminium cash bid price and LME aluminium...
LME aluminium opened at US$$2,255 per tonne last Friday, with its high and low at US$2,262 per tonne and US$2,201 per tonne, respectively, before closing at US$2,205.50 per tonne, a drop of US$51.50 per tonne or 2.28 per cent. On Friday, July 21, LME aluminium cash bid price and LME aluminium...
LME aluminium opened at US$2255 per tonne Tuesday, with low and high at US$2201 per tonne and US$2262 per tonne before closing down 2.28 per cent at US$2205.5 per tonne. On Tuesday, July 18, both LME aluminium cash bid price and LME aluminium official settlement price slumped by US$25.5 per tonne...
On Friday, June 2, the Shanghai Futures Exchange (SHFE) announced receiving alumina futures trading permission from Beijing after the Securities Regulatory Commission approved the plan. That makes the SHFE the first exchange on Earth to offer an alumina contract with physical delivery. Noting...
Except for nickel, all non-ferrous metals prices on the London Metal Exchange (LME) have registered growth. Aluminium futures gained 0.3 per cent to $2,237 per tonne, while lead futures increased by 0.2 per cent to $2,078 per tonne. Copper prices increased by 2.2% to $8,135/t. Zinc prices, on the...
The prices of imported aluminium scrap into India have decreased by $50-60 per tonne this week compared to the previous week. This is due to unimpressive London Metal Exchange futures prices. While prices have declined steadily, market sentiment remains uncertain due to highly volatile LME futures....
According to the National Bureau of Statistics, China's aluminium production in April 2023 (30 calendar days) fell 1.2 per cent month-on-month at 3.33 million tonnes. In March 2023 (31 calendar days), the output was 3.37 million tonnes, which brought the Q1 production to 9.8 million tonnes. In the...
On Thursday, May 4, domestic aluminium scrap prices in India remained range-bound d-o-d. Aluminium tense scrap prices stood at INR 163,000 per tonne - INR 164,000 per tonne, whereas, for utensils, the price closed at INR 172,000 per tonne. However, owing to moderate demand, the price of aluminium...
The London Metal Exchange (LME) for non-ferrous metal prices kept falling, as recorded on April 25, 2023. The three-month contract for aluminium futures fell 1.9 per cent to $2,335/t. To $2,600/t, zinc prices decreased by 2.6 per cent. Lead prices dropped 1.7 per cent to $2,106/t. The price of...
On 14 April 2023, nonferrous metals prices on the London Metal Exchange (LME) displayed a downward trend. The three-month aluminium futures contract fell 0.8 per cent to $2,367 per tonne, while zinc prices fell 0.7 per cent to $2,837 per tonne. Lead prices fell by 1.1 per cent to $2,146 per tonne....
Three-month LME aluminium opened at US$2,436 per tonne on Wednesday and closed at US$2,450 per tonne, up US$10.5 per tonne or 0.43 per cent. On Wednesday, April 19, the LME aluminium cash bid price decreased by US$18.50 per tonne to stand at US$2,381.50 per tonne, while the LME aluminium official...
Three-month LME aluminium opened at US$2,386 per tonne on Monday and closed at US$2,372.50 per tonne, down US$17.5 per tonne or 0.73 per cent. On Monday, April 17, both LME aluminium cash bid price and LME aluminium official settlement price expanded at the same rate to reach US$2,363.50 per tonne...
LME aluminium opened at US$2,362 per tonne last Friday and closed at US$2,390 per tonne, up US$28 per tonne or 1.14 per cent. On Friday, April 14, both LME aluminium cash bid price and LME aluminium official settlement price expanded by US$26 per tonne or 1.11 per cent to halt at US$2,355 per tonne...
On April 11, 2023, the non-ferrous metals prices on the London Metal Exchange (LME) closed a mixed trend. The three-month aluminium futures contract fell 1.3 per cent to $2,302/t, while zinc prices fell 0.4 per cent to $2,779/t. Lead dropped 0.4% to $2,087/t. In the meantime, nickel prices climbed...
LME aluminium opened at US$2,383 per tonne on Wednesday, with its high and low at US$2,423 per tonne and US$2,366.5 per tonne, respectively, before closing at US$2,380 per tonne, an increase of US$2.5 per tonne or 0.1 per cent. On Wednesday, March 29, both LME aluminium cash bid price and LME...
The Chicago Mercantile Exchange (CME) Group reported enthusiastic market participation in its aluminium futures contract at the beginning of 2023, with a record average daily volume of 3,161 contracts in February - 300 per cent more than the previous year. CME said that in the first two months of...
LME aluminium closed at US$2,269 per tonne, down US$14.5 per tonne or 0.63 per cent, from the previous trading day. On Tuesday, March 21, both LME aluminium cash bid price and LME aluminium official settlement price moved down by US$2.5 per tonne or 0.11 per cent to settle at US$2,234.50 per tonne...
Hindalco Industries Limited again cut its aluminium products prices on March 16 after an intermittent hike the previous day. According to the latest price list, the company’s aluminium wire rod price has come in at INR 225,100 per tonne as of March 16, down by INR 2,000 per tonne. On March 15, the...
