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 $3,353/t; stocks remain unchanged at 244,525t
The LME aluminium price moved higher on September 9 compared with the previous trading day, with cash and three-month aluminium prices recording gains, while total warehouse stocks remained unchanged. On September 9, the LME aluminium cash bid price stood at USD 3351.5 per tonne, up USD 27.5 per...
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LME aluminium declines marginally by 0.54% to stand at US$ 1745.5 per tonne
Benchmark aluminium price on London Metal Exchange dropped 0.54 per cent to US$ 1745.5 per tonne on Wednesday, October 7, from US$ 1755 per tonne on Tuesday. As of Wednesday October 7, LME aluminium cash (bid) price stands at US$ 1745.50 per tonne, LME official settlement price stands at US$...
Benchmark aluminium price on LME ended slightly higher at $1755/t on October 6, 2020
Benchmark aluminium price on the London Metal Exchange rose by nearly 1 per cent to US$ 1755 per tonne on Tuesday, October 6, from US$ 1741.50 per tonne on Monday. As of Tuesday, both LME aluminium cash (bid) price and LME official settlement price continued to increase for the second day in a row,...
LME aluminium rose 2.14% to close Monday’s trading at US$ 1741.5 per tonne
Benchmark aluminium price on London Metal Exchange rose 2.14 per cent to US$ 1741.5 per tonne on Monday, October 5, from US$ 1705 per tonne on Friday. As of Friday October 5, LME aluminium cash (bid) price stands at US$ 1741.50 per tonne, LME official settlement price stands at US$ 1741.50 per...
Benchmark aluminium price on LME ended 0.64% lower at $1705/t on Friday; SHFE was closed for National Day holidays
Benchmark aluminium price on the London Metal Exchange stood lower by 0.64 per cent at US$ 1705 per tonne on Friday, October 2, from US$ 1716 per tonne on Thursday. As of Friday, both LME aluminium cash (bid) price and LME official settlement price declined for the third consecutive day from US$...
LME aluminium price trended down this week from $1737/t to $1705/t; SHFE rose to $2120/t before National Day holidays
Three-month LME aluminium settled 1.28 per cent firmer at US$ 1784.50 per tonne on Monday, but ended 0.34% lower at US$1,778.5 per tonne on the very next day. LME aluminium cash (bid) price and LME official settlement price started the week on Monday, September 28, at US$ 1737 per tonne, increasing...
Hindalco cuts its aluminium product prices by INR1250/t w.e.f. October 2 in line with dwindling LME prices
Hindalco Industries Limited has reduced the price of its aluminium ingots and aluminium products with effect from Friday, October 2, following a hike on Tuesday, September 29. Hindalco’s aluminium ingot price has come in at INR 145,750 per tonne, down by INR 1,250 per tonne from INR 147,000 per...
LME aluminium price closed Thursday’s trading at US$ 1716/t
Benchmark aluminium price on London Metal Exchange dropped 1.21 per cent to US$ 1716 per tonne on Thursday, October 1, from US$ 1737 per tonne on Wednesday. As of Thursday October 1, LME aluminium cash (bid) price stands at US$ 1716 per tonne, LME official settlement price stands at US$ 1716 per...
LME aluminium price plunged to $1737/t after three days of hike in a row; SHFE is closed for National Day Holiday
LME aluminium price decreased on Wednesday, September 30, to US$ 1737 per tonne after three consecutive days of hike US$ 1697 per tonne to US$ 1746 per tonne. As of Wednesday, September 30, both LME aluminium cash (bid) price and LME official settlement price again stood at US$ 1737 per tonne...
Three-month LME aluminium settled lower at US$1,778.5/t; SHFE aluminium edged up 1.65%
Three-month LME aluminium ended 0.34% lower at US$1,778.5 per tonne on Tuesday. Shanghai Metals Market expects the contract to trade between US$1,760-1,790 per tonne today. As of Tuesday September 29, LME aluminium cash (bid) price stands at US$ 1746 per tonne, LME official settlement price stands...
Vedanta increases its aluminium ingot and product prices by INR1500/t after two consecutive declines
Vedanta Limited has increased its aluminium ingot and aluminium product prices with effect from Tuesday, September 29, following two consecutive declines on September 18 and 24. Vedanta is now selling its aluminium ingot at INR 145,750-158,750 per tonne, up by INR 1,500 per tonne or 1 per cent from...
LME aluminium price grew significantly by $28.5/t to $1737/t; SHFE price extended hike to $2113/t
The dollar pulled back from a two-month high against a basket of currencies on Monday, September 28, as equities rallied after four straight weeks of declines ahead of a slew of economic data and political developments in the United States. Three-month LME aluminium settled 1.28 per cent firmer at...
Three-month LME aluminium closed Friday’s trading at US$1,762/t; SHFE aluminium advanced 0.32%
Three-month LME aluminium strengthened 0.83% to close at US$1,762 per tonne on Friday. The contract is likely to move between US$1,750-1,780 per tonne today. As of Friday September 25, LME aluminium cash (bid) price stands at US$ 1708.50per tonne, LME official settlement price stands at US$...
LME to launch new cash-settled European duty-paid aluminium premium contract in 2021
According to a recent report, the London Metal Exchange will add to its aluminium pricing offering a new cash-settled European duty-paid aluminium premium contract settled against Fastmarkets’ benchmark Rotterdam premium. The news came after Alex Shaw, head of product development and research at...
LME aluminium price declined by over $20/t to stand at $1697/t; SHFE remained restrained
The US dollar traded at a two-month high and was set for a fifth day of gains on Thursday, September 24, as investors sought safety on concerns over economic recovery as coronavirus cases surged in Europe and on US data showed rising unemployment claims. As of Thursday, September 24, both LME...
Vedanta extends aluminium ingot price cut this week in response to continuous downfall in LME aluminium price
The new aluminium price list of Vedanta shows that the company has reduced its aluminium ingot and aluminium product prices further for the second consecutive day, with effect from Thursday, September 24. With the latest cut, Vedanta’s aluminium ingot price is now ranging between INR 144,250 per...
Three-month LME aluminium ended lower at US$1,754.5/t; SHFE aluminium dropped 1.68%
Three-month LME aluminium trended lower on Wednesday, September 23. It closed 1.38% weaker at US$1,754.5 per tonne. As of Wednesday September 23, LME aluminium cash (bid) price stands at US$ 1718.50per tonne, LME official settlement price stands at US$ 1718.50per tonne; 3-months bid price stands at...
Metal Industry suggests LME to focus on enhancing services instead of creating a separate low carbon aluminium trading platform
According to a Reuters report, the metal industry sees no need for a separate platform on the London Metal Exchange (LME) to trade low carbon aluminium. The industry thinks the exchange should focus on services instead that users need more urgently, such as euro-denominated steel contract. Last...
Three-month LME aluminium weakened 0.17% to close at US$ 1779/t; SHFE price plunged for the second day in a row
As of Tuesday, September 22, Three-month LME aluminium weakened 0.17 per cent to close at US$ 1,779 per tonne after hitting its lowest in nearly two weeks earlier in the session. LME aluminium cash (bid) price and LME official settlement price decreased from US$ 1752.50 per tonne to US$ 1744 per...
