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 higher at $1967/t after two days of decline in a row; SHFE price dropped by $3/t to $2431/t
LME aluminium price closed the day on Wednesday, November 25, 0.13 per cent higher to US$ 1967 per tonne, following two consecutive days of decline. Both LME aluminium cash (bid) price and LME official settlement price stood at US$ 1967 per tonne, growing by US$ 2.50 per tonne on November 25....
Vedanta cuts its aluminium ingot and product prices by INR1750/t after raising them for six times in a row
Vedanta has reduced the prices of its aluminium ingot and aluminium products with effect from Wednesday, November 25, after increasing them for six times in a row till a week ago. The company has cut its aluminium prices in tandem with the downtrend of global aluminium benchmark price on the London...
LME aluminium price fell for the second day in a row to $1964.5/t; SHFE rose to $2434/t
Three-month LME aluminium rose 0.91 per cent to close at US$ 1985.50 per tonne on Tuesday, November 24, with open interest rising to 727,000 lots. The pressure at US$ 2000 per tonne will be monitored in the near term. It is expected to trade between US$ 1,960-2,000 per tonne today. LME aluminium...
LME aluminium price opened the week with a fall of 0.73% to $1969.5/t; SHFE decreased to $2397/t
Three-month LME aluminium began the week on Monday, November 23, with a 0.98 per cent fall to settle at US$ 1967.5 per tonne, with open interest rising to 726,000 lots. It is expected to trade between US$ 1950-2000 per tonne today. LME aluminium cash (bid) price and LME official settlement price...
Three-month LME aluminium dropped slightly on Friday; SHFE aluminium added 0.98%
Three-month LME aluminium fell 0.1% to close at US$1,987 per tonne on last Friday. SMM expects the contract to trade between US$1,970-2,010 per tonne today. As of Friday November 20, LME aluminium cash (bid) price stands at US$ 1984 per tonne, LME official settlement price stands at US$ 1984 per...
LME aluminium price closed 2.64% higher this week at $1984/t after a dip in the previous week; SHFE grew to $2403/t
Three-month LME aluminium trended up this week during November 16-20 by 1.84 per cent. On Monday, November 16, three-month LME aluminium rose 0.96 per cent to stand at US$ 1953 per tonne. On Tuesday, November 17, the price stood at US$ 1982 per tonne further growing by 1.48 per cent. On Wednesday,...
LME aluminium price grew slower to stand at $1983/t; SHFE price dropped to $2403/t
Three-month LME aluminium fell 0.05 per cent to close at US$ 1,989 per tonne on Thursday, November 19, with open interest falling to 724,000 lots. It is expected to trade between US$ 1,970-2,010 per tonne today. Both LME aluminium cash (bid) price and LME official settlement price grew further on...
Hindalco back-to-back hikes its aluminium ingot price w.e.f November 19; price grows close to INR17,000/t
Hindalco Industries Limited is incessantly expanding the prices of its aluminium ingots and aluminium products since October 31 as the global aluminium benchmark price on the London Metal Exchange has surged significantly over more than a week. Like any other Indian aluminium producers, Hindalco...
Three-month LME aluminium climbed higher at US$1,990/t; SHFE aluminium jumped 2.63%
Three-month LME aluminium increased 0.4% to close at US$1,990 per tonne on Wednesday, with open interest falling to 728,000 lots. SMM expects the contract to trade between US$1,970-2,020 per tonne today. As of Wednesday November 18, LME aluminium cash (bid) price stands at US$ 1978 per tonne, LME...
Hindalco’s aluminium ingot & product prices again see a hike of INR1750/t on November 18
Hindalco Industries Limited continues to hike its aluminium ingot and aluminium product prices for the sixth time in a row. With effect from Wednesday, November 18, Hindalco has increased the price of its aluminium ingot from INR 165,500 on November 14 to INR 167,520 per tonne. This represents the...
LME aluminium price continued to hike for the third consecutive day to settle at $1944.5/t; SHFE closed higher at $2369/t
Three-month LME aluminium rose 1.48 per cent to close at US$ 1982 per tonne on Tuesday, with open interest falling to 743,000 lots. It is expected to trade between US$ 1950-2000 per tonne today. Both LME aluminium cash (bid) price and LME official settlement price continued to record a hike on...
Hindalco’s aluminium ingot price further rose to INR165,500/t on Nov 14 in line with incessant LME aluminium price hike
Hindalco Industries Limited has further increased the prices of its aluminium ingot and aluminium products, with effect from Saturday November 14. This marks the fifth consecutive time since October 31, 2020, that Hindalco has been increasing its aluminium prices. On November 14, the company...
Three-month LME aluminium increased slightly higher on Monday; SHFE aluminium slid 0.32%
Three-month LME aluminium rose 0.96% to close at US$1,953 per tonne on Monday, with open interest rising to 750,000 lots. SMM expects the contract to trade between US$1,930-1,980 per tonne today. As of Monday November 16, LME aluminium cash (bid) price stands at US$ 1933 per tonne, LME official...
Three-month LME aluminium closed higher at US$1,934.5/t on Friday; SHFE aluminium rose 1.77%
Three-month LME aluminium rose 0.36% to close at US$1,934.5 per tonne on Friday, with open interest rising to 750,000 lots. SMM expects the contract to trade between US$1,910-1,950 per tonne today. As of Friday November 13, LME aluminium cash (bid) price stands at US$ 1918 per tonne, LME official...
Vedanta’s aluminium wire rods & billets prices increase for the third time in a row by INR1500/t w.e.f. Nov 13
Vedanta has increased the prices of its aluminium product and aluminium ingot for the third time in a row, with effect from Friday, November 13. The last time Vedanta hiked its aluminium prices was on November 4. This week, the company has raised its aluminium wire rods price by INR 1,500 per tonne...
RHB estimates Press Metal Aluminium to report an increase in earnings in the second half of 2020
RHB Research expects Press Metal Aluminium Holdings Bhd to deliver a year-over-year growth in core earnings in the second half of 2020 on higher aluminium prices. Average aluminium prices of averaging US$1,930 per tonne on the London Metal Exchange to fuel the company’s earnings prospects. "We...
LME aluminium closed lower at US$ 1904.5/t; SHFE aluminium rose 2.03%
LME complex rose for the most part on Friday morning. Aluminium added 0.55%. Benchmark aluminium price on London Metal Exchange dropped 0.03 per cent to US$ 1904.5 per tonne on Thursday, November 12, from US$ 1905 per tonne on Wednesday. As of Thursday November 12, LME aluminium cash (bid) price...
LME aluminium price climbed $25/t to settle at $1905/t after a plunge on the previous day; SHFE price surged to $2399/t
Three-month LME aluminium rose 0.31 per cent to close at US$ 1,917 per tonne on Wednesday, November 11, with open interest rising to 749,000 lots. It is expected to trade between US$ 1,890-1,940 per tonne today. Both LME aluminium cash (bid) price and LME official settlement price recorded a surge...
