LME aluminium price rises to $3,310/t: Can EGA and Alba repairs bring back 2025 levels?
The London Metal Exchange (LME) aluminium price reported improvements across the pricing and contract segments on the September 7 close, recovering from the downward trend reported at the September 4 session . As the repair and operations stabilise at the facilities of Emirates Global Aluminium...
LME aluminium offer price slips to $3,292.5/t as lower exchange stocks point to tighter availability
LME aluminium prices edged lower on September 4 compared with the previous trading day, while aluminium stocks also declined marginally. The most notable movement was in cancelled warrants, which fell by more than 38 per cent day on day. On September 4, the LME aluminium cash bid price stood at USD...
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LME aluminium benchmark price expands to US$2599/t; SHFE price gains US$14/t
The previous trading day, LME aluminium opened at US$2,608.5 per tonne, reached a high of US$2,675 per tonne and a low of US$2,603 per tonne, and closed at US$2,658 per tonne, up US$36.5 per tonne or 1.39 per cent. On Friday, May 24, the LME aluminium cash bid price and LME aluminium official...
NALCO lifts its aluminium prices by INR 10,000 per tonne with effect from May 23
National Aluminium Company Limited (NALCO) has revised its aluminium ingot and product prices, with effect from Thursday, May 23. Compared to May 1, the company’s aluminium prices have been expanded significantly by about 4 per cent, in tandem with a gradual increase in aluminium prices on the...
LME benchmark aluminium price inches up by US$7/t W-o-W; SHFE aluminium price gains US$4/t today
On the previous trading day, LME aluminium opened at US$2,638 per tonne, reached a high of US$2,645.5 per tonne, a low of US$2,586.5 per tonne, and closed at US2,614 per tonne, down US$26.5 per tonne, a decrease of 1 per cent. On Thursday, May 23, both LME aluminium cash bid price and LME aluminium...
LME aluminium benchmark price drops by US$20/t; SHFE price loses US$11/t
The previous trading day, LME aluminium opened at US$2,710.5 per tonne, reached a high of US$2,749 per tonne and a low of US$2,621 per tonne, and closed at US$2,640.5 per tonne, down US$75 per tonne, a decrease of 2.76 per cent. On Wednesday, May 22, both LME aluminium cash bid price and LME...
LME benchmark aluminium price augments by 16.93% Y-o-Y; SHFE aluminium price adds 1.28% today
The previous trading day, LME aluminium opened at US$2,628 per tonne, hit a high of US$2,765.50 per tonne and a low of US$2,607 per tonne, and closed at US$2,715.5 per tonne, up US$89 per tonne or 3.39 per cent. On Tuesday, May 21, both LME aluminium cash bid price and LME aluminium official...
LME aluminium benchmark price opens the week with a growth of US$24/t; SHFE price loses US$12/t
LME aluminium opened at US$2,621 per tonne in the previous trading day, with its low and high at US$2,605 per tonne and US$2,648 per tonne, respectively, before closing at US$2,626.5 per tonne, up US$5.5 per tonne or 0.21 per cent. On Monday, May 20, both LME aluminium cash bid price and LME...
Domestic base metal prices on LME witness positive trends W-o-W; Three-month LME aluminium futures hiked by 3.2%
At the close of trading on Friday, May 17, 2024, all base metals on the London Metal Exchange (LME) showed positive week-over-week trends. On the LME, three-month aluminium futures hiked by 3.2 per cent to reach $2,612 per tonne, while nickel settled at $21,080 per tonne, marking an impressive...
LME aluminium benchmark price moves up by US$5.5/t; SHFE price gains US21/t
LME aluminium opened at US$2,586 per tonne in the previous trading day, with its low and high at US$2,582 per tonne and US$2,623 per tonne, respectively, before closing at US$2,621 per tonne, up US$33 per tonne or 1.28 per cent. On Friday, May 17, both LME aluminium cash bid price and LME aluminium...
Hindalco’s latest price hike brings its aluminium ingot price to INR248500/t
This week, dated May 15 and 16, Hindalco’s aluminium prices saw two consecutive days of alteration. On Wednesday, May 15, Hindalco’s aluminium prices were cut from the previous week in line with the LME aluminium price fall, while Hindalco’s prices on May 16 saw an elevation in concurrence with the...
LME aluminium benchmark price grows by US$9/t; SHFE aluminium price discards US$20/t
LME aluminium opened at US$2,596 per tonne in the previous trading day, with its low and high at US$2,563 per tonne and US$2,627 per tonne respectively before closing at US$2,588 per tonne, down 0.46 per cent. As per the London Metal Exchange market , on Thursday, May 16, the LME aluminium cash bid...
Alba posts a 48% decline in Q1 2024 profit amid higher sales volume, owing to sluggish LME prices
Aluminium Bahrain B.S.C. (Alba) has posted an uptick in its operational performance but a downfall in financial results for the first quarter (Q1) of 2024 ended March 31. The company’s profits and comprehensive income decreased year-on-year despite increased production and sales. Financial output...
LME aluminium benchmark price surges to US$2529.5/t; SHFE price expands by US$65/t
LME aluminium opened at US$2,550.5 per tonne in the previous trading day, with its low and high at US$2,539 per tonne and US$2,620 per tonne respectively before closing at US$2,600 per tonne, up 1.92 per cent. As per the LME data, on Wednesday, May 15, both LME aluminium cash bid price and LME...
LME aluminium price slumps by US$32.5/t due to unprecedented surge in stocks; SHFE dips by US$7/t
LME aluminum opened at US$2,548 per tonne in the previous trading day, with its low and high at US$2,519 per tonne and US$2,559 per tonnes, respectively, before closing at $2,549 per tonne, up 0.28 per cent. On Tuesday, May 14, LME aluminium cash bid price and LME aluminium official settlement...
LME aluminium benchmark price dips to US$2510/t; SHFE price remains restrained at US$2837/t
LME aluminium opened at US$2,520.5 per tonne in the previous trading day, with its low and high at US$2,508 per tonne and US$2,556.5 per tonne respectively before closing at US$2,547.5 per tonne, up 1.07 per cent. On Monday, May 13, both LME aluminium cash bid price and LME aluminium official...
Swiss-based commodity trader Trafigura delivers 400,000 tonnes of aluminium to LME
Commodity trader Trafigura delivered more than 400,000 tonnes of aluminium to the London Metal Exchange-approved warehouses last week for lucrative financial deals, said three sources familiar with the matter to Reuters. This monumental delivery of stocks brought the LME inventories to more than a...
Aluminium scrap prices in India record sluggish movement amidst dip in LME rates
During the week ending on May 10, 2024, the London Metal Exchange (LME) witnessed considerable volatility in the prices of most base metals. Three-month aluminium futures on the LME slid by 0.86 per cent to reach $2,529 per tonne, while nickel settled at $18,925 per tonne, marking a decline of 1.62...
LME aluminium price marks upward swing of US$21/t; SHFE aluminium price loses US$16/t
LME aluminium opened at US$2,570 per tonne last Friday, with its low and high at US$2,517 per tonne and US$2,589.50 per tonne, respectively, before closing at US$2,520 per tonne, down 1.6 per cent. On Friday, May 10, both LME aluminium cash bid price and LME aluminium official settlement price...
Stocks in LME-approved warehouses reach more than 2-year high with an 88% gain
On Thursday, May 9, aluminium stocks in London Metal Exchange-registered warehouses surged by 88 per cent to 903,850 tonnes, reaching the highest level since January 2022. Some sources said last month that inventories are subject to so-called rent share deals. Traders are taking Russia-made...
