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 $3,353/t; stocks remain unchanged at 244,525t
The LME aluminium price moved higher on September 9 compared with the previous trading day, with cash and three-month aluminium prices recording gains, while total warehouse stocks remained unchanged. On September 9, the LME aluminium cash bid price stood at USD 3351.5 per tonne, up USD 27.5 per...
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LME aluminium closed on Friday for the Christmas holiday; SHFE aluminium edged up 0.28%
Shanghai base metals mostly closed higher on Friday night. SHFE aluminium shed 0.91%. The London Metals Exchange was closed for the Christmas holiday. As of Thursday December 24, LME aluminium cash (bid) price and LME official settlement price rose for the second day in a row by US$ 23 per tonne to...
LME aluminium price settled 1.15% higher at US$2022/t; SHFE extended growth to US$2465/t
The LME complex cruised higher, with aluminium increased 1.3 per cent. Benchmark aluminium price on the London Metal Exchange stood 1.15 per cent higher at US$ 2022 per tonne on Thursday, December 24, from US$ 1999 per tonne on Wednesday. LME aluminium cash (bid) price and LME official settlement...
LME aluminium price rose to close at US$ 1999/t; SHFE aluminium fell 1.24%
Benchmark aluminium price on London Metal Exchange rose 0.3 per cent to US$ 1999 per tonne on Wednesday, 23 December 2020, from US$ 1993 per tonne on Tuesday. As of Wednesday December 23, LME aluminium cash (bid) price stands at US$ 1999 per tonne, LME official settlement price stands at US$ 1999...
LME aluminium price cruised lower for the second day in a row to $1993/t; SHFE price extends decline to $2425/t
The LME complex cruised lower on Tuesday, including aluminium slipped 1.63 per cent. Benchmark aluminium price on the London Metal Exchange plunged by 0.97 per cent to US$ 1993 per tonne on Tuesday, December 22, from US$ 2012.50 per tonne on Monday. Both LME aluminium cash (bid) price and LME...
LME aluminium price opened the week higher at US$ 2012.5/t; SHFE edged down 2.34%
Benchmark aluminium price on London Metal Exchange dropped 1.78 per cent to US$ 2012.5 per tonne on Monday, 21 December 2020, from US$ 2049 per tonne on Friday. As of Monday December 21, LME aluminium cash (bid) price stands at US$ 2012.50 per tonne, LME official settlement price stands at US$...
LME aluminium price surged by $21/t to close the week at $2049/t on Dec 18; SHFE opened the week at $2496/t
The LME complex ended mixed on last Friday, with aluminium fell 0.56 per cent. Benchmark aluminium price on the London Metal Exchange closed the week with an increase of 1.04 per cent to stand at US$ 2049 per tonne. Both LME aluminium cash (bid) price and LME official settlement price soared by US$...
En+ Group criticizes LME’s sustainability plans
The world's leading producer of low carbon aluminium and largest private sector generator of hydropower, EN+ Group, highlighted the response published last week by the London Metal Exchange (LME) towards industry feedback on its sustainability discussion paper that En+ counts do not address the...
NALCO’s aluminium ingot price declines by INR1400/t with effect from December 18 after an interim hike
National Aluminium Company Limited (NALCO) has reduced the prices of its aluminium ingot and aluminium products with effect from Friday, December 18, after an interim hike on December 15. With the latest cut, NALCO’s aluminium ingot price has come in at INR 172,350-175,850 per tonne, down by INR...
LME aluminium price edged higher this week by $6.5/t to settle at $2049/t; SHFE rose by $28/t to $2554/t
Benchmark aluminium price on the London Metal Exchange rose by US$ 6.5 per tonne over the week to settle at US$ 2049 per tonne, as of Friday, December 18. Both LME aluminium cash (bid) price and LME official settlement price edged higher this week during December 14-18 after swinging between US$...
LME aluminium price dipped to $2028/t while SHFE price extended growth by $42/t to $2554/t
Benchmark aluminium price on the London Metal Exchange dipped to US$ 2028 per tonne on Thursday, December 17, 2020, from US$ 2029 per tonne on Wednesday. Both LME aluminium cash (bid) price and LME official settlement price dipped marginally by US$ 1 per tonne to stand at US$ 2028 per tonne on...
LME aluminium edged up 0.35% on Wednesday; SHFE aluminium advanced 0.58%
Benchmark aluminium price on London Metal Exchange edged up 0.35 per cent to US$ 2029 per tonne on Wednesday, 16 December 2020, from US$ 2022 per tonne on Tuesday. As of Wednesday December 16, LME aluminium cash (bid) price stands at US$ 2029 per tonne, LME official settlement price stands at US$...
LME aluminium price decreased 1% to close at $2022/t; SHFE declined for the third consecutive day to $2501/t
The LME complex rose broadly on Tuesday but aluminium shed 0.98 per cent. Benchmark aluminium price on the London Metal Exchange decreased 1 per cent to US$ 2022 per tonne, as of Tuesday, December 15. Both LME aluminium cash (bid) price and LME official settlement price relapsed to US$ 2022 per...
LME aluminium price soared to $2042.50/t amid LME aluminium opening stock growth; SHFE declined to $2521/t
The LME complex ended higher on Monday, December 14, with aluminium advanced 0.76 per cent. Benchmark aluminium price on the London Metal Exchange surged 1.01 per cent to US$ 2042.50 per tonne, as of Monday. Both LME aluminium cash (bid) price and LME official settlement price soared by US$ 20.5...
LME aluminium price fell to $2022/t after two consecutive hikes; SHFE price settled 1.29% lower at $2526/t
The LME complex declined mostly on last Friday, with aluminium pulled back 0.73 per cent. Benchmark aluminium price on the London Metal Exchange declined 0.44 per cent to US$ 2022 per tonne on Friday, December 11, 2020. Both LME aluminium cash (bid) price and LME official settlement price decreased...
LME aluminium price closed higher at US$ 2031/t; SHFE aluminium climbed 2.16%
Benchmark aluminium price on London Metal Exchange rose 1.04 per cent to US$ 2031 per tonne on Thursday, 10 December 2020, from US$ 2010 per tonne on Wednesday. As of Thursday December 10, LME aluminium cash (bid) price stands at US$ 2031 per tonne, LME official settlement price stands at US$ 2031...
Hindalco extends aluminium ingot price cut by INR1500/t to INR168,750/t with effect from December 9
Hindalco Industries Limited extended its aluminium ingot and aluminium product price cut on Wednesday, December 9, despite a hike in global aluminium benchmark price on the London Metal Exchange. Hindalco’s aluminium ingot price has been reduced by INR 1,500 per tonne to INR 168,750 per tonne,...
LME aluminium price rebounded to $2010/t after a plunge; SHFE price stood higher at $2518/t
The LME complex mostly advanced on Wednesday, December 9, with aluminium increased 1.85 per cent. Benchmark aluminium price on the London Metal Exchange rose by 1.21 per cent on December 9. Both LME aluminium cash (bid) price and LME official settlement price rebounded to US$ 2010 per tonne on...
Vedanta’s aluminium ingot price declines by INR 1,250/t with effect from December 9
Vedanta has cut its aluminium products price for the second time in a row. With effect from Wednesday, December 9 2020, the prices of some aluminium ingots are in the range of INR 166,000-179,000 per tonne, down by INR 1,250 per tonne from INR 167,250-180,250 per tonne on December 8. Billet price...
