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 falls to US$2,122/t; SHFE price loses US$13/t
LME aluminium opened at US$2,172 per tonne last Friday, with high and low at US$2,182 per tonne and US$2,158.5 per tonne, respectively, before closing at US$2,172.5 per tonne, an increase of US$4.5 per tonne or 0.21 per cent. On Friday, January 19, both LME aluminium cash bid price and LME...
LME benchmark aluminium price shrinks by US$11.5/t to reach US$2130.5/t; SHFE aluminium price discards US$4/t
LME aluminium opened at US$2,180 per tonne on Thursday, with high and low at US$2,192.5 per tonne and US$2,162 per tonne, respectively, before closing at US$2,168 per tonne, a drop of US$46 per tonne or 2.08 per cent. On January 18, the London Metal Exchange price chart displayed shrinking...
Low demand and falling LME prices directly influence the imported aluminium scrap market in India
The Indian scrap aluminium market is dampening due to a drop in futures contracts on the London Metal Exchange (LME) and low demand. Despite this, there have been moderate transactions in the Indian market, even with the recent increase in freight rates, as market participants try to maintain...
LME aluminium benchmark price slumps by US$16.5/t to US$2,142/t; SHFE price falls by US$5/t
LME aluminium opened at US$2,215 per tonne on Wednesday, with high and low at US$2,217 per tonne and US$2,175 per tonne, respectively, before closing at US$2,176 per tonne, a drop of US$24 per tonne or 1.09 per cent. On Wednesday, January 17, both LME aluminium cash bid price and LME aluminium...
LME aluminium price graph nosedives US$444.50/t Y-o-Y to US$2158.5/t; SHFE sheds 4.29% Y-o-Y
LME aluminium opened at US$2,201.5 per tonne on Tuesday, with high and low at US$2,217.5 per tonne and US$2,195 per tonne, respectively, before closing at US$2,214 per tonne, a drop of US$1.5 per tonne or 0.07 per cent. On January 16, the London Metal Exchange price chart displayed an ascending...
LME aluminium benchmark price contracts by US$22/t to US$2,153/t; SHFE price loses US$26/t
LME aluminium opened at US$2,221.5 per tonne yesterday, with high and low at US$2,230 per tonne and US$2,198 per tonne, respectively, before closing at US$2,200 per tonne, a drop of US$15.5 per tonne or 0.70 per cent. On Monday, January 15, LME aluminium cash bid price and LME aluminium official...
LME aluminium market seems volatile due to heavy stock accumulation; SHFE shrinks by US$12/t
LME aluminium opened at US$2,239 per tonne last Friday, with high and low at US$2,245 per tonne and US$2,206 per tonne, respectively, before closing at US$2,215.5 per tonne, a drop of US$19.5 per tonne or 0.87 per cent. The London Metal Exchange price chart, on January 12, registered a downward...
LME aluminium benchmark price inches down to US$2,203/t; SHFE price moves up by US$1/t
LME aluminium opened at US$2,234 per tonne on Thursday, with high and low at US$2,252 per tonne and US$2,229.5 per tonne, respectively, before closing at US$2,235 per tonne, unchanged from the previous trading day. On Thursday, January 11, both LME aluminium cash bid price and LME aluminium...
India’s imported aluminium scrap prices retreat amidst limited trade activities
The recent downturn in the Indian aluminium scrap market can be attributed to a notable price decrease, primarily driven by a fall in futures contracts on the London Metal Exchange (LME). This decline results from limited transactions despite an increase in the number of improved offers. Many...
Russian aluminium dominates LME stocks, soaring to 90%
A dramatic shift in the origin of aluminium stockpiled in the London Metal Exchange (LME) warehouses has taken place, with Russian metal now dominating the stocks. At the end of December 2023, a staggering 90 per cent of the aluminium stored in the LME was of Russian origin, according to the...
LME aluminium official settlement price moves up to US$2,204/t; SHFE price loses US$10/t
LME aluminium opened at US$2,243.5 per tonne on Wednesday, with high and low at US$2,258.5 per tonne and US$2,230.5 per tonne, respectively, before closing at US$2,235 per tonne, a drop of US$7 per tonne or 0.31 per cent. On Wednesday, January 10, both LME aluminium cash bid price and LME aluminium...
LME aluminium price loses 0.25% reaching US$2200/t mark; SHFE expands by US$6/t
LME aluminium opened at US$2,239 per tonne on Tuesday, with its high and low at US$2,257.5 per tonne and US$2,227 per tonne respectively before closing at US$2,242 per tonne, an increase of US$5 per tonne or 0.22 per cent. On January 9, the London Metal Exchange price chart marked a slump in...
LME aluminium benchmark price drops by US$10/t to US$2,205.5/t; SHFE price dips by US$14/t
LME aluminium opened at US$2,274.5 per tonne on Monday, with high and low at US$2,276 per tonne and US$2,234 per tonne, respectively, before closing at US$2,237 per tonne, a drop of US$35 per tonne or 1.54 per cent. On Monday, January 8, both LME aluminium cash bid price and LME aluminium official...
LME benchmark aluminium price further sheds US$20/t owing to US Dollar index rise; SHFE expands 3.7% Y-o-Y
LME aluminium opened at US$2,279 per tonne last Friday, with its high and low at US$2,294.5 per tonne and US$2,251 per tonne, respectively, before closing at US$2,272 per tonne, a drop of US$13 per tonne or 0.57 per cent. On January 5, the London Metal Exchange price chart registered dampening...
LME aluminium benchmark price contracts by US$20/t to US$2,235.5/t; SHFE price loses US$20/t
LME aluminium opened at US$2,304 per tonne yesterday, with high and low at US$2,316.5 per tonne and US$2,269 per tonne, respectively, before closing at US$2,285 per tonne, a decrease of US$21 per tonne or 0.91 per cent. On Thursday, January 4, aluminium prices experienced a decline as worries...
LME aluminium benchmark price plunges by US$81/t; SHFE aluminium price loses US$18/t today
LME aluminium opened at US$2,326 per tonne yesterday, with its high and low at US$2,337.5 per tonne and US$2,287 per tonne, respectively, before closing at US$2,306 per tonne, a decrease of US$19.5 per tonne or 0.84 per cent. On January 3, the London Metal Exchange registered falling aluminium...
LME aluminium price moves up to US$2,336.5/t; SHFE price loses US$21/t
LME aluminium opened at US$2,388.5 per tonne yesterday, with its high and low at US$2,398 per tonne and US$2,316.5 per tonne, respectively, before closing at US$2,325.5 per tonne, a decrease of US$62 per tonne or 2.6 per cent. On Tuesday, January 2, both LME aluminium cash bid price and LME...
SHFE aluminium price sheds US$10/t in New Year’s wake; LME market remains closed for Winter Holidays
Today, on January 2, the SHFE price chart has shown deflecting aluminium price trends, with the official SHFE aluminium price halting at US$2,746 per tonne with a loss of US$10 per tonne or 0.36 per cent from US$2,756 per tonne, recorded on December 29. It is safe to say that 2024 has started with...
