Low inventory supports aluminium prices to consolidate at highs; Peak season recovery pace awaits verification
Futures: The most-traded SHFE aluminium contract opened at RMB 24,590 per tonne in the night session on September 9, reached a high of RMB 24,660 per tonne and a low of RMB 24,565 per tonne, and closed at RMB 24,650 per tonne, up RMB 90 per tonne or 0.37 per cent from the previous close. Futures...
LME aluminium cash offer rises 0.84% to $3,353/t; stocks remain unchanged at 244,525t
The LME aluminium price moved higher on September 9 compared with the previous trading day, with cash and three-month aluminium prices recording gains, while total warehouse stocks remained unchanged. On September 9, the LME aluminium cash bid price stood at USD 3351.5 per tonne, up USD 27.5 per...
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LME aluminium price rebounded to US$2011.50/t amid continued decrease in opening stock; SHFE price down by US$11/t
Three-month LME aluminium rose 1.28 per cent to close at US$ 2,020 per tonne on Monday, January 25, with open interest rising to 740,000 lots. Schumer, the leader of the Senate Majority Party, said that he would strive to launch a round of programs by mid-March at the latest, and the US$ 1.9...
“We can see some positive signals from the market. I believe that the LME returns to a level that is viable for our customers, which should free-up investments”, Benjamin Ulmann, Fives’ Aluminium Regional Sales Director, Middle East
Benjamin, graduated in 2005, worked for 8 year as Sales & Marketing for US based company named LUFKIN (now part of GE), a worldwide leading manufacturer of gearing solutions. Then in 2013, he worked for a UK based company named WELDING ALLOYS, a manufacturer of advanced welding consumables,...
“2021 will probably be a year of slow healing for the complete industry. What I see is that the effect of LME on aluminium pricing was probably as important as the COVID-crisis”, Peter Vanvuchelen, Director Sales & Business Development, Hencon
AlCircle: How do you visualize 2021 for the global aluminium industry after the COVID-19 economic impact? Mr Peter Vanvuchelen: It is very difficult to predict what will happen, and how industries will react, as a pandemic situation as COVID is a completely new situation for every one of us. 2021...
LME aluminium price edged lower at US$1975.50/t after two consecutive days of hike; SHFE expanded to US$2310/t
Three-month LME aluminium fell 0.28 per cent to close at US$ 1,994.50 per tonne on Friday, January 22, with open interest rising to 738,000 lots. It is expected to trade between US$1,920-2,030 per tonne today. LME aluminium cash (bid) price and LME official settlement price decreased to US$ 1975.50...
LME aluminium price grew by US$16.50/t to close the week at US$1992.50/t; SHFE rose to US$2306/t
The LME complex performed similarly on Thursday, with aluminium advanced 0.84 per cent. Benchmark aluminium price on the London Metal Exchange grew by 0.84 per cent to close Thursday, January 21, at US$ 1992.50 per tonne. LME aluminium cash (bid) price and LME official settlement price continued to...
LME aluminium benchmark price climbed 1.26% to clock at US$1976/t; SHFE gained US$28/t to settle at US$2299/t
The LME complex rose across the board on Wednesday, with aluminium climbed 0.79 per cent. Benchmark aluminium price on the London Metal Exchange grew by 1.26 per cent to close at US$ 1976 per tonne on January 20. LME aluminium cash (bid) price and LME official settlement price increased to US$ 1976...
LME aluminium price settles further lower at US$1951.50/t amid increasing opening stock; SHFE price down to US$2271/t
Three-month LME aluminium climbed 0.15 per tonne to close at US$ 1,973 per tonne on Tuesday, with open interest falling to 742,000 lots. The impact of LME aluminium inventory changes on prices should continue to be monitored. It is expected to trade between US$ 1,900-2,010 per tonne today. As of...
Vedanta further cuts aluminium ingot price by INR2250/t in line with LME aluminium price drop below US$2000/t
Vedanta Limited has further reduced its aluminium ingot and products prices for the second time in a row with effect from Tuesday, January 19. The company is currently selling its aluminium ingot at INR 167,750-180,750 per tonne, down by INR 2,250 per tonne or 1.32 per cent from INR 170,000-183,000...
LME aluminium price slipped 1.05 % to US$ 1979.50/t; SHFE aluminium advanced 0.54%
Benchmark aluminium price on London Metal Exchange declined by 1.05 per cent on Monday, 18 January 2021, to stand at US$ 1979.50 per tonne, from US$ 2000.5 per tonne on Friday January 15. As of Monday January 18, LME aluminium cash (bid) price stands at US$ 1979.50 per tonne, LME official...
Three-month LME aluminium closed lower at US$1,982/t on Friday; SHFE aluminium added 0.92%
Three-month LME aluminium closed 1.29% lower at US$1,982 per tonne on Friday, with open interest increasing 2,467 lots to 750,000 lots. SMM expects the contract to fluctuate between US$1,950-2,010 per tonne today. As of Friday January 15, LME aluminium cash (bid) price stands at US$ 2000.50per...
NALCO’s aluminium prices shrink by INR2000/t on January 16 in line with sluggish LME aluminium benchmark price
National Aluminium Company Limited (NALCO) has cut its aluminium ingot and products prices with effect from Saturday, January 16, following a significant hike ten days ago on January 6. According to the company’s price update, aluminium ingot price has come in at INR 169,550-173,050 per tonne, down...
LME aluminium benchmark price shrinks to US$2000.50/t this week; SHFE price declines 3% to US$2297/t
Benchmark aluminium price on the London Metal Exchange decreased this week by 0.37 per cent to settle at US$ 2000.50 per tonne amid the incessant decline in LME aluminium opening stock from 1305825 tonnes to 1288675 tonnes. LME aluminium cash (bid) price and LME official settlement price closed...
LME aluminium price grew marginally to close at US$2010.50/t; SHFE price increased to US$2297/t after consecutive declines
The LME complex closed mixed on Thursday. Benchmark aluminium price on the London Metal Exchange grew slightly by 0.50 per cent to close at US$ 2010.50 per tonne on January 14. LME aluminium cash (bid) price and LME official settlement price inched up marginally by US$ 1 per tonne from US$ 2009.50...
LME aluminium price lost US$16/t to close at US$2009.50/t; SHFE aluminium fell for the fourth day to US$2274/t
The LME complex ended mostly lower on Wednesday, January 13, with aluminium lost 0.62 per cent. Benchmark aluminium price on the London Metal Exchange edged 0.79 per cent lower on Wednesday. LME aluminium cash (bid) price and LME official settlement price decreased by US$ 16 per tonne from US$...
Hindalco Industries cuts its aluminium products price by INR 1,500/t
Hindalco Industries Limited has cut its aluminium products price following a hike of INR 2,250 per tonne on Saturday. With effect from Tuesday, 12 January 2021, wire rods price stands at INR 181,850 per tonne, a decline of 0.82% from INR 183,350 tonne on January 09. The company is selling its...
LME aluminium price closed higher at US$2025.50/t; SHFE price decreased for the third day to US$2316/t
Benchmark aluminium price on the London Metal Exchange stood 0.87 per cent higher on Tuesday, January 12. As of Tuesday, January 12, LME aluminium cash (bid) price and LME official settlement price surged by US$ 17.50 per tonne to US$ 2025.50 per tonne, following a plunge in the previous day from...
LME aluminium price dropped 1.06% to settle at US$ 2008/t; SHFE aluminium fell 2.66%
Benchmark aluminium price on London Metal Exchange declined by 1.06 per cent on Monday, 11 January 2021, standing at US$ 2008 per tonne. The price was US$ 2029.5 per tonne on Friday January 8. As of Monday January 11, LME aluminium cash (bid) price stands at US$ 2008 per tonne, LME official...
Egyptalum’s tender for car wheel rims production line receives 6 bids from European and Chinese firms
The Egypt Aluminium Company, Egyptalum has disclosed that six European and Chinese companies have submitted bids towards the tender for a car wheel rims production line. Egyptalum publicized on 21 st December’20 for the opening of the submissions window on an international tender for the production...
