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...
LME aluminium price chart rises further to $3,325/t; stocks remain stable
The London Metal Exchange (LME) aluminium price chart continues to record an upward trend across the pricing and contract segments on the September 8 trading session, reporting gains over the September 7 close . Opening stocks remained stable, not reporting any further decline. The LME aluminium...
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LME aluminium price moves up by US$5.5/t to US$2,176/t; SHFE price contracts by US$15/t
LME aluminium opened at US$2,215 per tonne on Thursday, with its high and low at US$2,244.5 per tonne and US$2,196.5 per tonne, respectively, before closing at US$2,209 per tonne, an increase of US$1 per tonne, or 0.05 per cent. On Thursday, July 27, both the LME aluminium cash bid price and LME...
LME aluminium price drops by US$13.5/t to US$2,170.5/t; SHFE price grows to US$2,582/t
LME aluminium opened at US$2,238 per tonne on Wednesday, with its high and low at US$2,240 per tonne and US$2,206 per tonne, respectively, before closing at US$2,208 per tonne, a decrease of US$28.5 per tonne or 1.27 per cent. On Wednesday, July 26, both LME aluminium cash bid price and LME...
LME Clear appoints Michael Carty as the new Chief Executive Officer
On July 25, 2023, LME Clear announced the appointment of Michael Carty as Chief Executive Officer and LME Clear Board Director, effective October 2, 2023. As stated by the LME, Michael brings extensive knowledge and experience in financial infrastructure and technology. He joins LME Clear from...
LME aluminium price expands by 1.35% to settle at US$2184/t; SHFE aluminium price gains US$4/t
Three-month LME aluminium opened at US$2,205.50 per tonne on Tuesday, with its high and low at US$2,246.50 per tonne and US$2,204 per tonne, respectively, before closing at US$ 2236.50 per tonne, an increase of US$29 per tonne or 1.31 per cent. On Tuesday, July 25, LME aluminium cash bid price and...
LME aluminium benchmark price inches up by US$1.5/t to US$2,155/t; SHFE price gains US$16/t
LME aluminium opened at US$2,207.5 per tonne on Monday, with its low and high at US$2,185 per tonne and US$2,213.5 per tonne, respectively, before closing at US$2,207.5 per tonne, down US$3 per tonne or 0.14 per cent. As of Monday, July 24, both LME aluminium cash bid price and LME aluminium...
Hydro thinks Russian aluminium stocks in LME weighing on benchmark prices; urges exchange to look into it
Norsk Hydro wrote a letter to the London Metal Exchange last week urging to rethink the decision not to ban Russian aluminium from its warehouse network. Norsk Hydro believes that a large volume of aluminium arriving from Russia is weighing on the benchmark metal price on LME. "As LME aluminium...
LME aluminium price ended the week with a decline of US$18.5/t; SHFE price stretched its fall over the weekend
LME aluminium opened at US$$2,255 per tonne last Friday, with its high and low at US$2,262 per tonne and US$2,201 per tonne, respectively, before closing at US$2,205.50 per tonne, a drop of US$51.50 per tonne or 2.28 per cent. On Friday, July 21, LME aluminium cash bid price and LME aluminium...
Hindalco & Vedanta’s aluminium ingot prices close this week 1 per cent lower, partly offset by today’s raise
Hindalco and Vedanta’s aluminium prices stood lower by the end of the week after several cuts from July 18 to 20, 2023. On Tuesday, July 18, Hindalco axed its aluminium ingot price by INR 3,750 per tonne to INR 212,250 per tonne. The company’s aluminium wire rod and billet prices also saw a similar...
LME aluminium benchmark price expands by US$30/t; SHFE price dips to US$2,546/t
On Thursday, July 20, both LME aluminium cash bid price and LME aluminium official settlement price hiked by US$29.5 per tonne or 1.37 per cent and US$30 per tonne or 1.40 per cent to settle at US$2,171 per tonne and US$2,172 per tonne. 3-month bid price and 3-month offer price also expanded by...
LME aluminium price on downward trail since last Thursday drops US$27.5/t; SHFE price slumps 1.9% W-o-W, up US$23/t today
On Wednesday, July 19, the LME aluminium cash bid price stopped at US$2,141.50 per tonne, shrinking by US$27 per tonne or 1.24 per cent, and LME official settlement price settled at US$2,142 per tonne, with a fall of US$27.50 per tonne or 1.27 per cent. The LME benchmark price on July 12 was...
LME aluminium price falls by US$25.5/t to US$2,169.5/t; SHFE price drops to US$2,528/t
LME aluminium opened at US$2255 per tonne Tuesday, with low and high at US$2201 per tonne and US$2262 per tonne before closing down 2.28 per cent at US$2205.5 per tonne. On Tuesday, July 18, both LME aluminium cash bid price and LME aluminium official settlement price slumped by US$25.5 per tonne...
LME aluminium price shrinks over the weekend by US$30/t but still stands higher W-o-W; SHFE price settles lower at US$2542/t
The LME aluminium benchmark price movement slowed down since last Friday, registering a total fall of US$41 per tonne in two days. On Monday, July 17, both LME aluminium cash bid price and LME aluminium official settlement price declined drastically over the weekend by US$30.50 per tonne and US$30...
LME aluminium price closes the week with a drop of US$11/t; SHFE price tumbles to US$2,564/t
LME aluminium opened at US$2279 per tonne last Friday, with low and high at US$2263 per tonne and US$2292 per tonne before closing down 0.42 per cent at US$2273.5 per tonne. On Friday, July 14, both LME aluminium cash bid price and LME aluminium official settlement price dropped by US$11 per tonne...
LME aluminium spot price heightens by US$88.5/t, down 4.6% Y-o-Y; SHFE aluminium price gains US$34/t, up 0.93% Y-o-Y
LME aluminium opened at US$2,134 per tonne last Friday, with its low and high at US$2,127 per tonne and US$2,151 per tonne respectively before closing at US$2,141 per tonne, up US$11 per tonne or 0.52 per cent. On Thursday, July 13, the LME aluminium cash bid price and LME official settlement price...
Imported aluminium scrap prices in India record W-o-W fall of US$50/t
The Indian imported aluminium scrap market recorded unpredictable patterns and considerable price contraction W-o-W in some grades by up to US$50 per tonne. As of today, Middle East-origin aluminium tension prices contracted by up to $50 per tonne to $1,520 CIF, whereas the remaining scrap grades...
LME aluminium benchmark price hikes to US$2,147.5/t; SHFE price expands by US$34/t
On Wednesday, July 12, both LME aluminium cash bid price and LME official settlement price hiked by US$18 per tonne or 0.84 per cent and US$18.5 per tonne or 0.86 per cent to close at US$2,146.50 per tonne and US$2,147.50 per tonne. 3-month bid price and 3-month offer price moved up by US$6 per...
LME benchmark aluminium price soars by US$33/t; SHFE aluminium rises for three days straight to US$2543/t
On Tuesday, July 11, the LME aluminium cash bid price and LME official settlement price halted at US$2,128.50 per tonne and US$2,129 per tonne, with a 1.57 per cent or US$33 per tonne upward growth. The LME aluminium spot price has suffered quite a lot with uncertain fluctuations all the way in...
LME aluminium price grows to US$2,096/t; SHFE price moves up by US$6/t
On Monday, July 10, both LME aluminium cash bid price and LME aluminium official settlement price grew by US$10.5 per tonne or 0.50 per cent and US$10 per tonne or 0.47 per cent to close at US$2,095.50 per tonne and US$2,096 per tonne. 3-month bid price and 3-month offer price also hiked by US$14.5...
