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 shrinks by US$60/t amid stock gain; SHFE price declines to US$2549/t
Three-month LME aluminium opened at $2,266 per tonne on Tuesday, with its low and high at US$2,216per tonne and US$2,270 per tonne, respectively, before closing at US$2,220 per tonne, a drop of US$43.50 per tonne or 1.92 per cent. On Tuesday, May 23, the LME aluminium cash bid price extended its...
LME benchmark price slumps US$38/t at the week’s start; SHFE aluminium price sheds US$16/t
LME aluminium opened at US$2,288 per tonne on Monday, with its low and high at US$2,249.5 per tonne and US$2,289.5 per tonne respectively before closing at US$2,263.5 per tonne, a drop of US$20.5 per tonne or 0.9 per cent. On May 22, Monday, the LME aluminium cash bid price closed at US$2,261 per...
LME aluminium price closes 0.51% lower at US$2,300/t; SHFE price steps down by US$7/t
LME aluminium opened at US$2,288 per tonne last Friday, with its low and high at US$2,284 per tonne and US$2,288 per tonne, respectively, before closing at US$2,286.5 per tonne, an increase of US$2.5 per tonne or 0.11 per cent. On Friday, May 19, both LME aluminium cash bid price and LME aluminium...
UK plans to forbid aluminium and other commodities from Russia
A recent report states Britain will ban aluminium imports from Russia, among other commodities like diamond, copper and nickel. The news came on Friday, May 19, after Britain announced its plans targeting companies allegedly stealing Ukrainian grain. British Prime Minister Rishi Sunak said, “We...
LME benchmark price grows US$43/t reaching US$2,312/t mark on Thursday; SHFE price plunges US$25/t
LME aluminium opened at US$2,300.50 per tonne on Thursday, with its low and high at US$2,264.5 per tonne and US$2,309 per tonne respectively before closing at US$2,282 per tonne, a drop of US$18 per tonne or 0.78 per cent. The LME aluminium price trends have been on a constant decline in the month...
Hindalco, Vedanta slashed their aluminium ingot prices by over 3% during May 10-12
Last week, both Hindalco and Vedanta back-to-back cut their aluminium prices on May 11 and 12 in response to the LME aluminium price fall of US$92 per tonne in just two days. However, the companies started the week on May 10 with a rise in their aluminium ingot prices by INR 3,000 per tonne and INR...
India's imported aluminium scrap price tanks due to uncertainty in global aluminium market
The prices of imported aluminium scrap into India have decreased by $50-60 per tonne this week compared to the previous week. This is due to unimpressive London Metal Exchange futures prices. While prices have declined steadily, market sentiment remains uncertain due to highly volatile LME futures....
LME aluminium benchmark price grows to US$2,269/t; SHFE price hikes by US$25/t
LME aluminium opened at US$2,261 per tonne on Wednesday, with its high and low at US$2,308 per tonne and US$2,258.5 per tonne, respectively, before closing at US$2,300 per tonne, an increase of US$35 per tonne or 1.55 per cent. On Wednesday, May 17, both LME aluminium cash bid price and LME...
LME benchmark aluminium price falls US$25/t to US$2235.50/t; SHFE loses US$2/t
LME aluminium opened at US$2,265.5 per tonne on Tuesday, with its low and high at US$2237.5 per tonne and US$2,273 per tonne respectively before closing at US$2,265 per tonne, a drop of US$4 per tonne or 0.18 per cent. On May 16, Wednesday, the LME aluminium cash bid price stopped at US$2,235 per...
LME aluminium benchmark price hikes by US$30/t to US$2,260.5/t; SHFE price grows to US$2,612/t
LME aluminium opened at US$2,243 per tonne on Monday, with its low and high at US$2,221.5 per tonne and US$2,280 per tonne, respectively, before closing at US$2,269 per tonne, an increase of US$26 per tonne or 1.16 per cent. On Monday, May 15, both LME aluminium cash bid price and LME aluminium...
LME benchmark aluminium price rising slow in May moves US$1.5/t up; SHFE marks US$10/t growth
LME aluminium opened at US$2,214 per tonne last Friday, with its low and high at US$2,203.5 per tonne and US$2,245 per tonne, respectively, before closing at US$2,244 per tonne, an increase of US$31 per tonne or 1.4 per cent. On May 12, Friday, the LME aluminium cash bid price stopped at US$2,230...
LME aluminium benchmark price plunges by US$47/t to US$2,229/t; SHFE price dwindles by US$54/t
LME aluminium opened at US$2,275.5 per tonne on Thursday, with its high and low at US$2,282 per tonne and US$2,202 per tonne, respectively, before closing at US$2,213 per tonne, a drop of US$56.5 per tonne or 2.49 per cent. On Thursday, May 11, both LME aluminium cash bid price and LME aluminium...
LME benchmark aluminium price slumps US$45/t amidst lower US inflation rates; SHFE strolls down US$13/t
LME aluminium opened at US$2,321 per tonne on Wednesday, with its high and low at US$2,325 per tonne and US$2,266 per tonne respectively before closing at US$2,269.5 per tonne, a drop of US$45.5 per tonne or 1.97 per cent. The rate of inflation in the US has decreased, and there are indications...
LME aluminium price surges by US$43.5/t over the weekend to US$2,321/t; SHFE price closes at US$2,650/t
LME aluminium opened at US$2,327 per tonne on Tuesday, with its high and low at US$2,338.5 per tonne and US$2,293 per tonne, respectively, before closing at US$2,315 per tonne, a drop of US$3.5 per tonne or 0.15 per cent. On Tuesday, May 9, both LME aluminium cash bid price and LME aluminium...
India’s domestic aluminium scrap price remains stable owing to moderate demand
On Thursday, May 4, domestic aluminium scrap prices in India remained range-bound d-o-d. Aluminium tense scrap prices stood at INR 163,000 per tonne - INR 164,000 per tonne, whereas, for utensils, the price closed at INR 172,000 per tonne. However, owing to moderate demand, the price of aluminium...
Primary aluminium recap: Hydro posts 4.11% revenue growth for Q1 while Alba’s revenue falls by 19%
Norsk Hydro reported first-quarter results for 2023, which ended March 31, indicating a 4.11 per cent year-on-year increase in revenue from NOK 46,616 million to NOK 48,534 million, driven by a steady LME aluminium pricing that began the quarter at US$2,378 per tonne and concluded at US$2,413 per...
LME aluminium benchmark price continues with May downward trend at US$2297/t; SHFE aluminium price drops US$26/t
LME aluminium opened at US$2,320 per tonne on Thursday, with its high and low at US$2,334.5 per tonne and US$2,284 per tonne, respectively, before closing at US$2,295.5 per tonne, a drop of US$25.5 per tonne or 1.1 per cent. On May 4, Thursday, the LME aluminium cash bid price anchored at US$2,296...
Hydro’s Adjusted EBITDA slumps 33% in 1QCY2023 due to sluggish aluminium demand
Norsk Hydro announced the first quarter results of 2023 ended March 31, revealing a 4.11 per cent year-on-year rise in revenue from NOK 46,616 million to NOK 48,534 million, driven by the stable LME aluminium price starting the quarter at US$2,378 per tonne and ending at US$2,413 per tonne. But...
