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 $3,353/t; stocks remain unchanged at 244,525t
The LME aluminium price moved higher on September 9 compared with the previous trading day, with cash and three-month aluminium prices recording gains, while total warehouse stocks remained unchanged. On September 9, the LME aluminium cash bid price stood at USD 3351.5 per tonne, up USD 27.5 per...
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LME aluminium price closed Tuesday’s trading at US$ 1986/t; SHFE aluminium dropped 1.02%
Benchmark aluminium price on London Metal Exchange dropped 0.9 per cent to US$ 1986 per tonne on Tuesday, 08 December 2020, from US$ 2004 per tonne on Monday. As of Tuesday December 8, LME aluminium cash (bid) price stands at US$ 1986 per tonne, LME official settlement price stands at US$ 1986 per...
Vedanta reduces its aluminium ingot price by 1.6% to INR167,250-180,250/t with effect from December 8
Vedanta Limited has reduced the prices of its aluminium ingot and aluminium product with effect from Tuesday, December 8, following a hike last week on December 2. Vedanta has cut its aluminium ingot price by INR 2,750 per tonne or 1.62 per cent from INR 170,000-183,000 per tonne to INR...
Hindalco cuts its aluminium ingot price by INR 2750/t on December 8 in line with global aluminium price fall on LME
Hindalco Industries Limited has cut its aluminium ingot and aluminium product prices with effect from Tuesday, December 8, in line with the decline in global aluminium benchmark price on the London Metal Exchange since December 3. With the latest cut, Hindalco's aluminium ingot price has come in at...
Benchmark aluminium price on LME stood 1.16% lower at $2004/t; SHFE price declined to $2504/t
The LME complex ended mixed on Monday, with aluminium fell 1.37 per cent. Benchmark aluminium price on the London Metal Exchange plunged by 1.16 per cent on Monday, December 7. Both LME aluminium cash (bid) price and LME official settlement price extended downfall from US$ 2027.50 per tonne on...
Three-month LME aluminium ended higher at US$2,041/t on Friday; SHFE aluminium dropped 0.82%
Three-month LME aluminium closed1.29% higher at US$2,041 per tonne on Friday, 4 December 2020. SMM expects the contract to trade between US$2,010-2,060 per tonne today. As of Friday December 4, LME aluminium cash (bid) price stands at US$ 2027.50per tonne, LME official settlement price stands at...
LME aluminium price hiked by $13/t this week to settle at $2027.50/t; SHFE closed range-bound at $2510/t
Benchmark aluminium price on the London Metal Exchange recorded a hike of 99 per cent during November 30-December 4. LME aluminium cash (bid) price and LME official settlement price started the week on Monday, November 30, at US$ 2014.50 per tonne, soaring by US$ 39.50 per tonne from US$ 1975 per...
LME aluminium price slipped by $23.50/t to peg at $2028/t; SHFE closed the week at $2510/t
The LME complex closed mixed on Thursday, with aluminium dropped 2.23 per cent. Benchmark aluminium price on the London Metal Exchange declined by US$ 23.50 per tonne on December 3. LME aluminium cash (bid) price and LME official settlement price slipped from US$ 2051.50 per tonne to US$ 2028 per...
Hindalco’s aluminium ingot price soars by over INR5000/t to peg at INR173,000/t w.e.f. December 2
Hindalco Industries Limited has significantly increased the prices of its aluminium ingot and aluminium product with effect from Wednesday, December 2, in line with rallied global aluminium benchmark price on the London Metal Exchange. Hindalco is now selling its aluminium ingot at INR 5,500 per...
LME aluminium price closed slightly higher on Wednesday; SHFE aluminium advanced 1.2%
Benchmark aluminium price on the London Metal Exchange rose by 0.29 per cent to US$ 2051.5 per tonne on Wednesday December 2. That was up from US$ 2045.5 per tonne on Tuesday. As of Wednesday December 2, LME aluminium cash (bid) price stands at US$ 2051.50 per tonne, LME official settlement price...
RHB Research raises its earnings forecasts for Press Metal Aluminium
Press Metal Aluminium Holdings Bhd’s earnings estimates have been raised by the RHB Research. The growth in forecasts is due to rise in aluminium prices on the London Metal Exchange. "PMAH expects the recovery in LME aluminium prices to extend into 2021, due to healthy supply-demand conditions...
Japan aluminium buyers agree to pay premiums at $138-$140/t for January-March
According to a Reuters report, the premium for aluminium shipments to Japanese buyers has been set at $138-$140 per tonne for January-March. The premium marked an increase of 57-59 per cent from this quarter, reported sources involved in market pricing. The increase in premium was due to recovery...
NALCO expands its aluminium ingot and aluminium product prices by over INR5000/t with effect from December 1
National Aluminium Company Limited (NALCO) has expanded the prices of its aluminium ingot and aluminium products with effect from Tuesday, December 1, following a cut last week on November 26. Since the latest hike on December 1, NALCO’s aluminium ingot price has come in at INR 173,850-177,350 per...
LME aluminium price settled higher by $31/t to $2045.5/t; SHFE extended growth to $2591/t
The LME complex rose for the most part, including aluminium, which added 0.91 per cent. Global aluminium benchmark price on the London Metal Exchange climbed 1.54 per cent on December 1. LME aluminium cash (bid) price and LME official settlement price surged to US$ 2045.50 per tonne on December 1...
LME aluminium price climbed to stand at US$ 2014.5/t; SHFE aluminium advanced 2.93%
Benchmark aluminium price on the London Metal Exchange rose by 2 per cent to US$ 2014.5 per tonne on Monday, November 30 from US$ 1975 per tonne on Friday. As of Monday November 30, LME aluminium cash (bid) price stands at US$ 2014.50 per tonne, LME official settlement price stands at US$ 2014.50...
LME aluminium price climbed $13.5/t to hover at $1975/t; SHFE rose for the fourth consecutive day to $2500/t
The LME complex rose on Friday, November 27, with aluminium climbed up by 1.65 per cent. Benchmark aluminium price on the London Metal Exchange rose by 0.69 per cent on November 27 from US$ 1961.50 per tonne on Thursday, November 26. Both LME aluminium cash (bid) price and LME official settlement...
LME aluminium closed lower at US$ 1961.5/t; SHFE aluminium added 0.22%
Benchmark aluminium price on London Metal Exchange dropped 0.28 per cent to US$ 1961.5 per tonne on Thursday, November 26, from US$ 1967 per tonne on Wednesday. As of Thursday November 26, LME aluminium cash (bid) price stands at US$ 1961.50 per tonne, LME official settlement price stands at US$...
NALCO's aluminium ingot price declines by INR1800/t w.e.f November 26 after seven consecutive rises
National Aluminium Company Limited (NALCO) has cut the prices of its aluminium ingot and aluminium products with effect from Thursday, November 26, after raising them for seven times in a row till November 19. The Navratna Group has reduced its aluminium ingot price by INR 1,800 per tonne or 1.06...
Hindalco cuts its aluminium wire rod & billets prices by INR2000/t with effect from November 25
Hindalco Industries Limited has reduced the prices of its aluminium products and aluminium ingot with effect from Wednesday, November 25, in line with the downtrend in global aluminium benchmark price on the London Metal Exchange after November 19. Hindalco has cut its aluminium wire rod price by...
