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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Aluminium surges to 14-month high amidst strong market sentiment
On Wednesday, aluminium prices surged to their highest levels in 14 months, alongside other industrial metals reaching new peaks. Investors flooded into the sector, driven by optimism surrounding the global economy. As per the data from MarketScreener, the benchmark three-month aluminium on the...
Russian-origin aluminium dominates 91% of LME warehouses in March
Amidst ongoing market fluctuations, the London Metal Exchange (LME) has reported that the share of available aluminium stocks originating from Russia remained steady at 91% in March, mirroring figures from the previous month. This data, while reflective of current market realities, underscores a...
LME aluminium slackens by US$3.5/t, up US$200/t M-o-M; SHFE adds 1.09% after Qingming Festival
LME aluminum opened at US$2,435 per tonne last Friday, with its high and low at US$2,455.50 per tonne and US$2,418.50 per tonne respectively before closing at US$2,451 per tonne, an increase of US$6 per tonne or 0.25 per cent. The London Metal Exchange graph registered slightly declining prices on...
Chinese economic boost propels LME base metals prices to move upwards
The London Metal Exchange (LME) witnessed significant price surges across base metals following optimistic macroeconomic reports from China, with all metals marking gains by Wednesday, 3 March. Three-month aluminium futures showed a modest uptick of 2 per cent to reach $2,429 per tonne (t), while...
LME aluminium price surges by US$60.5/t boosted by strong Japan premiums; SHFE market is closed for the Qingming Festival
Aluminium showed strong performance yesterday, supported by factors like higher premiums in Japan and better-than-expected economic data from China, which countered worries about reduced demand from the world's largest consumer. Additionally, encouraging news from U.S. manufacturing, showing...
LME aluminium benchmark price hikes by US$11.5/t ; SHFE market will remain closed for the Qingming Festival
On Wednesday, April 3, LME aluminium cash bid price and LME aluminium official settlement price hiked by US$11.5 per tonne or 0.49 per cent to stand at US$2,333.50 per tonne and US$2,334 per tonne. As per the LME data, 3-month bid price and 3-month offer price hiked by US$15.5 per tonne or 0.65 per...
Key highlights from the global aluminium industry, March 2024
The price of aluminium on the LME experienced a gradual upward trend throughout March 2024, fluctuating within a range of approximately USD$85-90. Similarly, the SHFE price also increased slightly, hovering around USD$65-70, albeit with considerable fluctuations. However, according to a research...
LME benchmark aluminium price increases by 2.31% over the Good Friday weekend; SHFE aluminium price gains US$21/t
LME aluminium opened at US$2,342 per tonne in the previous trading day, with its high and low at US$2,387.50 per tonne and US$2,332 per tonne, respectively, before closing at US$2,372 per tonne, up US$35 per tonne or 1.5 per cent. The London Metal Exchange was temporarily out of action for the Good...
Market apprehensions for tight production in Yunnan lead to SHFE price growth for the fourth day
The SHFE aluminium benchmark price has continued to grow on Tuesday, April 2, albeit at a lower rate. According to the data, the price has increased by US$3 per tonne to reach US$2,721 per tonne. Compared to the same period last year, the price is 0.33 per cent higher than US$2,712 per tonne. On a...
SHFE price gains US$11/t to US$2,718/t; LME closed for Good Friday Holiday
On Monday, April 1, the SHFE aluminium benchmark price has gained US$11 per tonne or 0.40 per cent to settle at US$2,718 per tonne. The most-traded SHFE 2405 aluminium contract opened at RMB 19,710 per tonne last Friday night, with its lowest and highest at RMB 19,645 per tonne and RMB 19,820 per...
LME benchmark aluminium price adds US$32/t; SHFE grows by 0.74% to reach US$2700/t mark
LME aluminium opened at US$2,300.50 per tonne in the previous trading day, with its high and low at US$2,340 per tonne and US$2,292 per tonne, respectively, before closing at US$2,335 per tonne, up US$32 per tonne or 1.39 per cent. On March 28, the London Metal Exchange graph marked a noticeable...
Hindalco Industries’ aluminium prices experience a slash of INR3500/t on March 28
Hindalco Industries Limited has updated its aluminium selling prices on two consecutive days this week in line with the LME aluminium benchmark price. On Wednesday, March 27, Hindalco increased its aluminium prices as the LME aluminium price rallied by 1.29 per cent over the two days to US$2,275.50...
LME aluminium benchmark price drops by US$37.5/t; SHFE price moves up by US$4/t
LME aluminium opened at US$2,303 per tonne in the previous trading day, with its high and low at US$2,309.5 per tonne and US$2,276 per tonne, respectively, before closing at US$2,303 per tonne, up US$3 per tonne or 0.13 per cent. On Wednesday, March 27, both LME aluminium cash bid price and LME...
LME benchmark aluminium price grows 0.35% after hitting 11-weeks high, up US$135/t M-o-M; SHFE drains 0.92% today
LME aluminium opened at US$2,329 per tonne yesterday, with its high and low at US$2,331 per tonne and US$2,296.5 per tonne, respectively, before closing at US$2,300 per tonne, down US$26.5 per tonne or 1.14 per cent. On March 26, the London Metal Exchange registered considerable escalations in...
LME aluminium prices gain on concerns over sluggish production recovery in Yunnan; SHFE price loses US$9/t
LME aluminium opened at US$2,305 per tonne in the previous trading day, with its high and low at US$2,331 per tonne and US$2,294 per tonne respectively before closing at US$2,326.5 per tonne, up US$17.5 per tonne or 0.76 per cent. Aluminium prices surged to an 11-week high on Monday due to worries...
LME aluminium price sheds off US$17/t but still stands 1% W-o-W high; SHFE price grows by US$16/t
LME aluminum opened at US$2,310 per tonne in the previous trading day, with high and low at US$2,312.50 per tonne and US$2,281 per tonne, respectively, before closing at $2,309 per tonne, unchanged from the previous trading day. On Friday, March 22, LME aluminium cash bid price and LME aluminium...
LME aluminium price hits 11-week high amidst improved demand prospects in China; SHFE price drops to US$2,683/t
LME aluminium opened at US$2,290 per tonne in the previous trading day, with its high and low at US$2,313.5 per tonne and US$2,285.5 per tonne, respectively, before closing at US$2,309 per tonne, up US$25.5 per tonne or 1.12 per cent. On Thursday, aluminium prices surged to their highest point in...
LME benchmark aluminium price jumps every alternate day to reach US$2231.50/t; SHFE aluminium price marks 2% increase Y-o-Y
The London Metal Exchange market has shown a sudden upward streak, on March 20, with the LME aluminium cash bid price closing at US$2,231 per tonne and the LME aluminium official price halting at US$2,231.50 per tonne, gaining US$29 per tonne or 1.32 per cent. If the LME aluminium price on March 20...
