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 price dips by US$1/t to come around the previous month’s level; SHFE adds US$14/t
LME aluminum opened at US$2,235 per tonne on Monday, March 4, with high and low at US$2,242 per tonne and US$2,216.50 per tonne, respectively, before closing at US$2,238 per tonne, down 0.31 per cent. The LME aluminium cash bid price and LME aluminium official settlement price dipped by US$1 per...
LME aluminium price moves up US$20.5/t but still stands 1.3% lower M-o-M; SHFE starts the week muted
LME aluminium opened at US$2,224.50 per tonne last Friday, with high and low at US$2,248.50 per tonne and US$2,208 per tonne, respectively, before closing at US$2,236 per tonne, up 0.36 per cent. LME aluminium cash bid price and LME aluminium official settlement price added US$20.50 per tonne or...
LME aluminium benchmark price expands to US$2,163/t; SHFE price hikes by US$19/t
LME aluminium opened at US$2,193.5 per tonne on Thursday, with its high and low at US$2,230.5 per tonne and US$2,186 per tonne, respectively, before closing at US$2,225 per tonne, up US$34 per tonne or 1.55 per cent. On Thursday, February 29, both LME aluminium cash bid price and LME aluminium...
LME aluminium benchmark price closes at nearly 1% lower; SHFE price grows slightly US$3/t
LME aluminum opened at US$2,203.50 per tonne on Wednesday, February 28, with its high and low at US$2,203.50 per tonne and US$2,177 per tonne, respectively, before closing at US$2,191 per tonne, down 0.41 per cent. LME aluminium cash bid price shed off US$15.50 per tonne or 0.72 per cent to stand...
LME aluminium benchmark price moves up by US$5.5/t to US$2,146/t; SHFE price loses US$4/t
LME aluminium opened at US$2,185 per tonne on Tuesday, with its high and low at US$2,208.5 per tonne and US$2,185 per tonne, respectively, before closing at US$2,200 per tonne, up US$18 per tonne or 0.82 per cent. On Tuesday, February 27, both LME aluminium cash bid price and LME aluminium official...
LME aluminium price hits a one-month low on inventory surge in Shanghai; SHFE price gains US$14/t
On Monday, February 26, LME aluminium opened at US$2,182 per tonne, with its high and low at US$2,195 per tonne and US$2,175 per tonne, respectively, before closing at US$2,182 per tonne, down 0.09 per cent. According to the LME data, LME aluminium cash bid price and LME aluminium official...
Aluminium stocks at LME warehouses ascended by 8% to 580,275 tonnes
Base metals prices on the London Metal Exchange (LME) generally trended positively for the week ending on February 23, except aluminium, which saw a decline of 1.7 per cent due to increasing stocks. Aluminium stocks at LME warehouses notably rose by over 8 per cent to 580,275 tonnes from 534,925...
LME aluminium price closes the week with a fall of US$21.5/t; SHFE price slips to US$2,605/t
LME aluminium opened at US$2,202 per tonne last Friday, with its high and low at US$2,213 per tonne and US$2,175 per tonne, respectively, before closing at US$2,184 per tonne, down US$17 per tonne or 0.77 per cent. On Friday, February 23, both LME aluminium cash bid price and LME aluminium official...
LME aluminium benchmark price negates US$33/t today, up 3.25% M-o-M; SHFE aluminium price adds 0.31%
LME aluminium opened at US$2,225 per tonne on Thursday, with its high and low at US$2,234.5 per tonne and US$2,187.5 per tonne, respectively, before closing at US$2,201 per tonne, down 0.83 per cent. The London Metal Exchange market displayed overall plunges in aluminium prices on February 22, with...
LME aluminium price rises to a 3-week high on renewed US sanction risks; SHFE price falls by US$27/t
LME aluminium opened at US$2,227 per tonne on Wednesday, with its low and high at US$2,216 per tonne and US$2,269 per tonne respectively before closing at US$2,220.5 per tonne, up 1.23 per cent. On Wednesday, February 21, both LME aluminium cash bid price and LME aluminium official settlement price...
Aluminium prices surge amidst speculation of fresh US sanctions on the Russian Metal Industry
In a volatile twist, aluminium prices experienced a surge driven by speculations of impending US sanctions against Russia, potentially targeting the metal industry. The uncertainty surrounding the specific industries to be affected has left investors on edge, with President Joe Biden hinting at a...
LME aluminium price negates US$37.5/t to close at US$2147.5/ t; SHFE aluminium price gains 1.38% mid-week
LME aluminium opened at US$2,195.50 per tonne on Tuesday, with its low and high at US$2,180 per tonne and US$2,236 per tonne respectively before closing at US$2,223.50 per tonne, up 1.21 per cent. The London Metal Exchange market on February 20 showed down pouring traits, wherein the LME aluminium...
LME aluminium benchmark price falls by US$18/t to US$2,185/t; SHFE price descends to US$2,600/t
LME aluminium opened at $2,218 per tonne on Monday, with its high and low at $2,229.5 per tonne and $2,192 per tonne, respectively, before closing at $2,197.5 per tonne, down 0.92 per cent. On Monday, February 19, both LME aluminium cash bid price and LME aluminium official settlement price dropped...
LME aluminium price dips by $2/t but stands 1% higher M-o-M; SHFE market resumes after CNY with a 0.5% price fall
LME aluminium opened at US$2,220 per tonne last Friday, with its high and low at US$2,238 per tonne and US$2,214 per tonne, respectively, before closing at US$2,217.35 per tonne, down by US$6.50 per tonne or 0.29 per cent. On Friday, February 16, LME aluminium cash bid price and LME aluminium...
LME aluminium market registers mild upswings Mid-February, gains 1.12% W-o-W; SHFE aluminium closed for CNY Holidays
Around mid-February, the LME aluminium price chart seems to be picking up pace, with the LME cash bid price stopping at US$2,204.50 per tonne on the 15th and the LME official settlement price registering a rate of US$2,205 per tonne, both gaining US$11.50 per tonne or 0.52 per cent. If we compare...
Aluminium Bahrain 2023 financial report: Annual profit registers 71.6% Y-o-Y deflation
Aluminium Bahrain (Alba), a global aluminium-producing giant, faced headwinds in 2023. Despite navigating through volatile LME prices and fluctuating premiums, Alba reported a Q4 profit of BD23.4 million ($62.2 million), a 40.7% Y-o-Y decrease from a profit of BD39.4 million (US$104.9 million) for...
LME aluminium benchmark price drops to US$2,194/t; SHFE is closed for CNY holidays
On Wednesday, February 14, both LME aluminium cash bid price and LME aluminium official settlement price dropped by US$10 per tonne or 0.45 per cent to settle at US$2,193 per tonne and US$2,194 per tonne. As per the LME data , 3-month bid price and 3-month offer price fell by US$10 per tonne or...
LME aluminium benchmark price grows back-to-back at 0.73%; SHFE is closed for CNY holidays
On Tuesday, February 13, both LME aluminium cash bid price and LME aluminium official settlement price continued to grow by US$16 per tonne or 0.73 per cent to settle at US$2,203 per tonne and US$2,204 per tonne, respectively. On a month-on-month basis, the LME aluminium benchmark price has...
