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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Slow trading pushes down aluminium alloy ingot (ADC12) price by INR 1000/t in India
Domestic pricing of aluminium alloy ingot ADC12 in India fell by INR 1,000 per tonne W-o-W to INR 200,000 per tonne. Although the present demand and supply situation seems modest, selling pressure in the local markets influences prices. Factors like higher import costs and limited transactions are...
LME aluminium benchmark price drops by US$23/t to US$2,330/t; SHFE price grows to US$2,682/t
LME aluminium opened at US$2,355 per tonne on Wednesday. With its low and high at US$2,316.5 per tonne and US$2,360 per tonne before closing at US$2,322.5 per tonne, a drop of US$33 per tonne or 1.4 per cent. On Wednesday, May 3, both LME aluminium cash bid price and LME aluminium official...
Indian aluminium producers reduced their products' prices last week in line with the downward LME price
The three major Indian aluminium producers – Hindalco, Vedanta, and NALCO cut their aluminium prices last week in line with the LME aluminium price fall by US$46.50 per tonne over the week from US$2,388.50 per tonne on April 21 to US$2,342 per tonne on April 28. Hindalco reportedly curtailed INR...
Imported aluminium scrap prices in India uptrend following growth in LME and MCX
Following growth in major commodity markets like the London Metal Exchange (LME) and the Multi Commodities Exchange (MCX), the price of imported aluminium scrap in India witnessed significant progress this week. Despite higher prices, buyers are sourcing imported material from overseas markets like...
LME benchmark aluminium price jumps US$11/t at the start of May; SHFE remains closed for Worker’s Day
On May 2, Tuesday, the LME aluminium cash bid price came in at US$2,352.50 per tonne, with a gain of US$12.50 per tonne or 0.53 per cent and the LME aluminium official settlement price settled at US$2,353 per tonne, moving up US$11 per tonne or 0.47 per cent. The 3-month bid price saw US$11 per...
Non-ferrous metal prices entered the negative territory in Week 17
In the 17 th week of 2023, non-ferrous metals prices on the London Metal Exchange (LME) stayed negative. However, despite modest transactions, the market started to decline. All major non-ferrous metal stocks at LME-registered warehouses decreased by up to 2.9 per cent week over week. But copper...
LME aluminium benchmark price expands by US$40/t to US$2,342/t; SHFE market is closed due to International Worker’s Day
On Friday, April 28, both LME aluminium cash bid price and LME aluminium official settlement price hiked by US$38.5 per tonne or 1.67 per cent and US$40 per tonne or 1.73 per cent to settle at US$2,340 per tonne and US$2,342 per tonne. LME aluminium 3-month bid price and 3-month offer price...
Primary aluminium weekly: INTA vice-chair backs aluminium’s entry in EU’s strategic raw material list; Alcoa increases price to combat reducing shipment
The exclusion of aluminium from the strategic raw material list put down by the European Commission has raised fundamental questions about the long-term future of the primary sector. Anna-Michelle Asimakopoulou, the vice-chair of the European Parliament's International Trade Committee (INTA),...
Negative trends continue in non-ferrous metal prices
The London Metal Exchange (LME) for non-ferrous metal prices kept falling, as recorded on April 25, 2023. The three-month contract for aluminium futures fell 1.9 per cent to $2,335/t. To $2,600/t, zinc prices decreased by 2.6 per cent. Lead prices dropped 1.7 per cent to $2,106/t. The price of...
LME benchmark aluminium price marks US$37.5/t slump; SHFE aluminium price increases by US$16/t
LME aluminium opened at US$2,332 per tonne on Thursday and closed at US$2,326 per tonne, down 0.21 per cent. Growing concerns around inflation in the West have simultaneously raised brows in the trade sector, with LME maintaining a below US$2,500 per tonne mark and the Chinese inventories on a...
LME aluminium benchmark price hikes by US$26.5/t to US$2,339.50/t; SHFE price drops to US$2,686/t
LME aluminium opened at US$2,332 per tonne on Wednesday and closed at US$2,331 per tonne, down 0.04 per cent. On Wednesday, April 26, both LME aluminium cash bid price and LME aluminium official settlement price increased by US$27 per tonne or 1.16 per cent and US$26.5 per tonne or 1.14 per cent to...
LME aluminium benchmark price trends down 3.67% W-o-W to US$2313/t; SHFE price declines by US$22/t overnight
Three-month LME aluminium opened at US$2,381 per tonne on Tuesday and closed at US$2,331 per tonne, down 2.1 per cent. On Tuesday, April 25, the LME aluminium cash bid price plunged by US$42 per tonne to US$2,312 per tonne, and LME aluminium official settlement price declined by US$41.50 per tonne...
US primary aluminium production plummets by 21% Y-o-Y during Feb’23
According to the US Census Bureau data, domestic primary aluminium production in February 2023 was 59,000 tonnes, reflecting a decline of 5,000 tonnes or 7.81 per cent month-on-month. In January, the US primary aluminium output was 64,000 tonnes, muted from the previous month. On a year-on-year...
LME aluminium benchmark price drops by US$34/t to US$2,354.50/t; SHFE price loses US$9/t
LME aluminium fell after opening at US$2,399 per tonne on Monday but rebounded towards the end of the day and closed at US$2,385 per tonne, a drop of 0.73 per cent. On Monday, April 24, both LME aluminium cash bid price and LME aluminium official settlement price dropped by US$34 per tonne or 1.42...
LME aluminium benchmark price shrinks to US$2388.5/t; SHFE price descends by US$13/t
On Friday, April 21, three-month LME aluminium opened at US$2,422 per tonne last Friday and closed at US$2,402 per tonne, a drop of 0.85 per cent. On the same day, the LME aluminium cash bid price and LME aluminium official settlement price shrank by US$21.50 per tonne or 0.89 per cent. That marked...
LME aluminium price gains US$28/t to close at US$2,410/t; SHFE price drops to US$2,751/t
LME aluminium opened at US$2,445 per tonne on Thursday and closed at US$2,422 per tonne, down US$23 per tonne or 1.12 per cent. On Thursday, April 20, both LME aluminium cash bid price and LME aluminium official settlement price hiked by US$28 per tonne or 1.17 per cent to settle at US$2,409.50 per...
Downward trends observed in non-ferrous metal prices
On 14 April 2023, nonferrous metals prices on the London Metal Exchange (LME) displayed a downward trend. The three-month aluminium futures contract fell 0.8 per cent to $2,367 per tonne, while zinc prices fell 0.7 per cent to $2,837 per tonne. Lead prices fell by 1.1 per cent to $2,146 per tonne....
LME aluminium price records a fall of US$19/t after four consecutive hikes; SHFE continues to grow
Three-month LME aluminium opened at US$2,436 per tonne on Wednesday and closed at US$2,450 per tonne, up US$10.5 per tonne or 0.43 per cent. On Wednesday, April 19, the LME aluminium cash bid price decreased by US$18.50 per tonne to stand at US$2,381.50 per tonne, while the LME aluminium official...
