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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Three-month LME aluminium closed down at US$1,821/t; SHFE aluminium fell 0.24%
Three-month LME aluminium hit its lowest in more than two weeks at US$1,812 per tonne earlier in the session, closing down 0.05% to settle at US$1,821 per tonne on Tuesday. It is expected to fluctuate between US$1,800-1,840 per tonne today. As of Tuesday October 27, LME aluminium cash (bid) price...
LME aluminium price shed $6.5/t to settle at $1822.5/t; SHFE price decreased to $2200/t
Three-month LME aluminium shed 1.11 per cent to settle at US$ 1,822 per tonne on Monday, after hitting its lowest in more than two weeks at US$ 1,821.5 per tonne earlier in the session. It is likely to fluctuate between US$ 1,810-1,850 per tonne today. LME aluminium cash (bid) price and LME...
Three-month LME aluminium closed lower at US$1,842.5/t on Friday; SHFE aluminium fell 0.24%
Three-month LME aluminium declined 0.3% to close at US$1,842.5 per tonne on last Friday, with open interest rising to 747,000 lots. SMM expects the contract to trade between US$1,830-1,870 per tonne today. As of Friday October 23, LME aluminium cash (bid) price stands at US$ 1829 per tonne, LME...
Three-month LME aluminium ended flat on Thursday; SHFE aluminium advanced to RMB14,725/t
Three-month LME aluminium ended flat at US$1,848 per tonne on Thursday. Shrinking LME aluminium stocks underpinned prices. SMM expects the contract to trade between US$1,830-1,870 per tonne today. As of Thursday October 22, LME aluminium cash (bid) price stands at US$ 1828 per tonne, LME official...
Three-month LME aluminium closed at US$1,848/t; SHFE aluminium dropped 0.34%
Three-month LME aluminium settled 0.46% firmer at US$1,848 per tonne on Wednesday. The contract is expected to trade between US$1,830-1,870 per tonne today. As of Wednesday October 21, LME aluminium cash (bid) price stands at US$ 1842.50 per tonne, LME official settlement price stands at US$...
LME aluminium price decreased to $1826/t on aluminium opening stock rally, SHFE price slipped by $2/t
Three-month LME aluminium weakened 0.33 per cent to end at US$ 1,839.5 per tonne on Tuesday, October 20, and is likely to fluctuate between US$ 1,820-1,860 per tonne today. LME aluminium cash (bid) price and LME official settlement price decreased for the second consecutive day from US$ 1848 per...
Three-month LME aluminium settled at US$1,845.5/t on Monday; SHFE aluminium increased 0.85%
Three-month LME aluminium slid 0.97% to settle at US$1,845.5 per tonne on Monday. The contract is expected to trade between US$1,830-1,870 per tonne today. As of Monday October 19, LME aluminium cash (bid) price stands at US$ 1848 per tonne, LME official settlement price stands at US$ 1848 per...
Three-month LME aluminium climbed to the highest since April at $1,872.5/t; SHFE rebounded to $2217/t
Three-month LME aluminium stood at US$ 1,872.5 per tonne on Friday, October 16, the highest since April 2020, before paring some gains to end 0.49 per cent higher at US$ 1,863.5 per tonne. It is expected to move between US$ 1,840-1,880 per tonne today. Both LME aluminium cash (bid) price and LME...
LME aluminium price trended up this week from $1829.5/t to $1865.5/t amid declining opening stock; SHFE price rose to $2185/t
Three-month LME aluminium rose 0.49 per cent on Monday, October 12, to end at US$ 1,856 per tonne. On October 13, it ended 0.16% lower at US$1,853 per tonne an shed further on October 14 to come in at US$ 1,847.5 per tonne. On October 15, however, the price strengthened 0.51% to end at US$1,854.5...
Three-month LME aluminium ended at US$1,854.5/t; SHFE aluminium added 0.24%
Three-month LME aluminium strengthened 0.51% to end at US$1,854.5 per tonne on Thursday. The contract is expected to fluctuate between US$1,830-1,870 per tonne today. As of Thursday October 15, LME aluminium cash (bid) price stands at US$ 1824 per tonne, LME official settlement price stands at US$...
LME aluminium price shed $5/t to stand at $1836/t after four consecutive days of hike; SHFE increased to $2218/t
Three-month LME aluminium shed 0.43 per cent to end at US$ 1,847.5 per tonne on Wednesday, October 14, after hitting an intraday high at US$ 1,858.5 per tonne earlier in the session. It is expected to move between US$ 1,830-1,870 per tonne today. Both LME aluminium cash (bid) price and LME official...
Three-month LME aluminium ended lower at US$1,853/t; SHFE aluminium rose 0.9%
Three-month LME aluminium hit the highest in more than one year at US$1,858.5 per tonne earlier in the session, ending 0.16% lower at US$1,853 per tonne on Tuesday. It is likely to move between US$1,830-1,870 per tonne today. As of Tuesday October 13, LME aluminium cash (bid) price stands at US$...
Hindalco further expands its aluminium prices by INR1750/t in line with global aluminium price hike on LME over the weekend
Hindalco has further increased its aluminium product and aluminium ingot prices with effect from Tuesday, October 13, in line with the incessant surge in global aluminium benchmark price on the London Metal Exchange. This marks the fifth consecutive hike in Hindalco’s aluminium prices. With effect...
LME aluminium price hiked for the third consecutive day to $1829.5/t amid rise in opening stock, SHFE slipped by $11/t
Three-month LME aluminium rose 0.49 per cent to end at US$ 1,856 per tonne on Monday, October 12, and is likely to move between US$ 1,830-1,870 per tonne today. Both LME aluminium cash (bid) price and LME official settlement price increased further for the third consecutive day from US$ 1805.50 per...
Three-month LME aluminium rose to a one-year high of US$1,855.5/t on Friday; SHFE aluminium advanced 1.55%
Three-month LME aluminium climbed to a one-year high of US$1,855.5 per tonne on Friday, closing 2.67% higher at US$1,847 per tonne. It is expected to move between US$1,820-1,860 per tonne today. As of Friday October 9, LME aluminium cash (bid) price stands at US$ 1805.50 per tonne, LME official...
Vedanta further hikes its aluminium prices by INR 1500/t as LME aluminium price exceeds this year’s maiden level
Vedanta Limited has consecutively increased its aluminium ingot and aluminium product prices, albeit slower than the previous day, with effect from Saturday, October 10. The company is now selling its aluminium ingot price in the range between INR 150,500 - 163,500 per tonne, up by INR 1,500 per...
EN+ Chair Barker appeals carbon disclosure to be mandatory for Aluminium producers
Gregory Barker, executive chairman of EN+, the parent company of Russian aluminium producer Rusal stated carbon disclosure needs to be made mandatory for the aluminium producers promptly. Barker was also very much clear of the fact that low-carbon aluminium futures contract needs to be introduced...
Three-month LME aluminium settled higher at $1799/t as easy US monetary policies offset worries; SHFE climbed to $2181/t
The US dollar changed against a basket of currencies on Thursday, October 8, as investors waited for fresh news on whether new US fiscal stimulus is likely in the near term. Three-month LME aluminium settled at US$ 1,799 per tonne on Thursday, up US$ 36 per tonne from the closing price on September...
