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 benchmark price increased to US$2029.50/t; SHFE price opened the week lower at US$2372/t
Benchmark aluminium price on the London Metal Exchange rose 1.07 per cent to come in at US$ 2029.50 per tonne on Friday, January 8, 2021. As of Friday, January 8, LME aluminium cash (bid) price and LME official settlement price surged by US$ 21.50 per tonne from US$ 2008 per tonne to US$ 2029.50...
Hindalco cuts aluminium ingot price by over 2% with effect from January 8
Hindalco Industries Limited has sharply reduced its aluminium ingot and aluminium products prices with effect from Friday, January 8, after hiking them in the past two consecutive days. With the latest cut, Hindalco’s aluminium ingot price has come in at INR 170,000 per tonne, a decrease of INR...
LME aluminium price declined 2.64% to close at US$ 2008/t; SHFE aluminium shed 0.49%
Benchmark aluminium price on London Metal Exchange declined by 2.64 per cent to come in at US$ 2008 per tonne on Thursday, 7 January 2021, from US$ 2062.5 per tonne on 6 January 2021. As of Thursday January 7, LME aluminium cash (bid) price stands at US$ 2008 per tonne, LME official settlement...
Hindalco back-to-back increases its aluminium products prices; Aluminium wire rod price grows by INR3000/t
Hindalco Industries Limited has back-to-back increased the prices of its aluminium ingot and aluminium products, with effect from Thursday, January 7. After increasing the price of aluminium wire rod by INR 2750 per tonne or 1.53 per cent on January 6, Hindalco Industries on the very next day has...
LME aluminium price jumped US$32/t to clock at US$2062.5/t; SHFE decreased to $2393/t after a day restraint
Benchmark aluminium price on the London Metal Exchange closed the day on Wednesday, January 6, 1.73 per cent higher at US$ 2062.50 per tonne. LME aluminium cash (bid) price and LME official settlement price soared by US$ 32 per tonne on Wednesday, January 6, to stand at US$ 2062.50 per tonne from...
NALCO increases aluminium ingot price by INR4100/t on January 6 after two consecutive declines
National Aluminium Company Limited (NALCO) has raised the prices of its aluminium ingot and aluminium products with effect from Wednesday, January 6, after reducing them for the two consecutive times. NALCO’s aluminium ingot price has come in at INR 171,550-175,050 per tonne, recording a...
Vedanta hikes its aluminium ingot price by INR 1,250/t with effect from January 6
Vedanta has increased its aluminium products price for the second time in a row. With effect from Wednesday, 06 January 2021, the prices of some aluminium ingots are in the range of INR 171,250-184,250 per tonne. This marks an increase of INR 1,250 per tonne from INR 170,000-183,000 per tonne on...
LME aluminium closed Tuesday's trading at US$ 2027.5/t; SHFE aluminium added 0.46%
Benchmark aluminium price on London Metal Exchange inched up by 0.7 per cent to come in at US$ 2027.5 per tonne on Tuesday, 5 January 2021, from US$ 2013.5 per tonne on 4 January 2021. As of Tuesday January 5, LME aluminium cash (bid) price stands at US$ 2027.50per tonne, LME official settlement...
LME aluminium opened higher at US$ 2013.5/t after the holiday; SHFE shed 0.29%
Benchmark aluminium price on London Metal Exchange rose 1.79 per cent to stand at US$ 2013.5 per tonne on Monday, 4 January 2021, from US$ 1978 per tonne on December 31. As of Monday January 4, LME aluminium cash (bid) price stands at US$ 2013.50 per tonne, LME official settlement price stands at...
SHFE aluminium price resumes from the New Year Holiday with a drop of $2/t to $2396/t on January 4
Shanghai aluminium price resumed from the New Year Holiday on Monday, January 4, with a dip of 0.08 per cent from US$ 2398 per tonne to US$ 2396 per tonne. LME aluminium on Friday, January 1, was closed. As of last Thursday, December 31, LME aluminium cash (bid) price and LME official settlement...
LME aluminium price lost US$22/t in the last week of 2020; SHFE price decreased by US$47/t
Benchmark aluminium price on the London Metal Exchange closed the week on Thursday, December 31, lower by US$ 44 per tonne or 2.18 per cent at US$ 1978 per tonne. LME aluminium cash (bid) price and LME official settlement price started the week on Tuesday, December 29, at US$ 2000 per tonne, down...
Vedanta cuts its aluminium ingot price by INR2,500/t with effect from January 1
Vedanta has reduced its aluminium products price for the third time in a row. With effect from Friday, 01 January 2021, the prices of some aluminium ingots are in the range of INR 163,750-176,750 per tonne. This is up by INR 2,500 per tonne from INR 166,250-179,250 per tonne on December 30. The...
LME aluminium price closed lower at US$ 1978/t on the last day of the year; SHFE slightly fell
Benchmark aluminium price on London Metal Exchange dropped 0.88 per cent on the last day of the year. The price came in at US$ 1978 per tonne on Thursday, 31 December 2020, from US$ 1995.5 per tonne on Wednesday. As of Thursday December 31, LME aluminium cash (bid) price stands at US$ 1978 per...
LME aluminium price edged lower for the second consecutive day at US$1995.50/t; SHFE decreased to US$2398/t
The LME complex were mostly higher on Wednesday, with aluminium added 0.68 per cent. Benchmark aluminium price on the London Metal Exchange, however, extended drop by 0.22 per cent to finish the day at US$ 1995.50 per tonne on December 30. LME aluminium cash (bid) price and LME official settlement...
AlCircle launches new report - Aluminium Industry Recap 2020
As the year 2020 comes to an end, AlCircle recapitulates the year in its new report Aluminium Industry Recap 2020 . The report compiles the new major innovations, investments, expansions, and policy changes that either shaped or disrupted the global aluminium industry value chain in 2020. The...
Hindalco Industries reports INR 2,250/t decline in its aluminium product price
Hindalco Industries Limited has cut its aluminium products price after raising it on December 25. With effect from Wednesday, 30 December 2020, the company’s wire rods price stands at INR 179,850 per tonne, representing a drop of INR 2,250 per tonne, from INR 182,100 tonne on December 25. Aluminium...
LME aluminium price opened lower after two-day holiday; SHFE aluminium fell 2.48%
Benchmark aluminium price on London Metal Exchange declined 1.09 per cent after the Christmas Holiday. The price stood at US$ 2000 per tonne on Tuesday, 29 December 2020, from US$ 2022 per tonne on December 24. As of Tuesday December 29, LME aluminium cash (bid) price stands at US$ 2000 per tonne,...
SHFE aluminium price sheds US$33/t to US$2412/t after falling across the board in overnight trading
Shanghai base metals fell across the board in overnight trading, with aluminium decreased 0.95 per cent. The London Metal Exchange continued to remain close on Monday, December 28, for the Christmas holiday. As of Thursday, December 24, LME aluminium cash (bid) price and LME official settlement...
