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LME aluminium price expands by US$36.5/t to US$2,401/t; SHFE price grows to US$2,764/t
19 APR 20232MINS

LME aluminium price expands by US$36.5/t to US$2,401/t; SHFE price grows to US$2,764/t

LME aluminium opened at US$2,377 per tonne on Tuesday and closed at US$2,439.5 per tonne, up US$26.5 per tonne or 2.82 per cent. On Tuesday, April 18, both LME aluminium cash bid price and LME aluminium official settlement price hiked by US$36.5 per tonne or 1.54 per cent to settle at US$2,400 per...

LME aluminium benchmark price edges US$8.5/t higher at US$2,364.5/t; SHFE gains US$14/t
18 APR 20232MINS

LME aluminium benchmark price edges US$8.5/t higher at US$2,364.5/t; SHFE gains US$14/t

Three-month LME aluminium opened at US$2,386 per tonne on Monday and closed at US$2,372.50 per tonne, down US$17.5 per tonne or 0.73 per cent. On Monday, April 17, both LME aluminium cash bid price and LME aluminium official settlement price expanded at the same rate to reach US$2,363.50 per tonne...

LME aluminium benchmark price closes the week with a hike of US$26/t to US$2,356/t; SHFE price falls by US$14/t
17 APR 20232MINS

LME aluminium benchmark price closes the week with a hike of US$26/t to US$2,356/t; SHFE price falls by US$14/t

LME aluminium opened at US$2,362 per tonne last Friday and closed at US$2,390 per tonne, up US$28 per tonne or 1.14 per cent. On Friday, April 14, both LME aluminium cash bid price and LME aluminium official settlement price expanded by US$26 per tonne or 1.11 per cent to halt at US$2,355 per tonne...

Primary aluminium weekly recap: Kenanga Bank keeps “neutral” stance on CBAM affecting seaports and logistics; Prices of non-ferrous metals reflect mixed results
15 APR 20233MINS

Primary aluminium weekly recap: Kenanga Bank keeps “neutral” stance on CBAM affecting seaports and logistics; Prices of non-ferrous metals reflect mixed results

Kenanga Investment Bank Bhd, a financial institution in Malaysia that offers investment management services, reiterated its "neutral" stance on the carbon emissions tax imposed on the seaports and logistics sectors. Rio Tinto is upgrading its casting facility to add new, cutting-edge machinery such...

LME benchmark aluminium price treks US$71.5/t higher at US$2,330/t after Good Friday weekend; SHFE increases by US$47/t
14 APR 20232MINS

LME benchmark aluminium price treks US$71.5/t higher at US$2,330/t after Good Friday weekend; SHFE increases by US$47/t

LME aluminium opened at US$2,330.5 per tonne on Thursday, with its high and low at US$2,385 per tonne and US$2,321 per tonne respectively before closing at US$2,363 per tonne, an increase of US$39 per tonne or 1.68 per cent. On April 13, Thursday, the LME aluminium cash bid price came in at...

LME aluminium benchmark price dips by US$9.5/t to US$2,258.50/t; SHFE price gains US$17/t
13 APR 20232MINS

LME aluminium benchmark price dips by US$9.5/t to US$2,258.50/t; SHFE price gains US$17/t

LME aluminium opened at US$2,306.5 per tonne on Wednesday, with its high and low at US$2,333 per tonne and US$2,290.5 per tonne, respectively, before closing at US$2,324 per tonne, an increase of US$21 per tonne or 0.91 per cent. On Wednesday, April 12, both LME aluminium cash bid price and LME...

LME benchmark aluminium price loses US$32.50/t after Good Friday; SHFE aluminium price drops US$3/t
12 APR 20232MINS

LME benchmark aluminium price loses US$32.50/t after Good Friday; SHFE aluminium price drops US$3/t

LME aluminium prices opened at US$2,337.5 per tonne with the highest point of US$2,344 per tonne and the lowest point of US$2,296 per tonne and finally closed at US$2,303 per tonne, a decrease of US$37 per tonne or 1.58 per cent from the previous trading day. On April 11, Tuesday, the LME aluminium...

SHFE aluminium price slumps by US$37/t to US$2,678/t; LME aluminium remained closed for Good Friday
11 APR 20232MINS

SHFE aluminium price slumps by US$37/t to US$2,678/t; LME aluminium remained closed for Good Friday

On Tuesday, April 11, the SHFE aluminium benchmark price contracted by US$37 per tonne or 1.36 per cent to halt at US$2,678 per tonne. SHFE 2305 aluminium closed down RMB 25 per tonne or 0.13 per cent at RMB 18,615 per tonne. The open interest dipped from 1,968 lots to 201,697 lots. At Monday’s...

SHFE aluminium price gains US$3/t reaching US$2,715/t; LME aluminium remains closed for Good Friday
10 APR 20232MINS

SHFE aluminium price gains US$3/t reaching US$2,715/t; LME aluminium remains closed for Good Friday

On April 10, today, the SHFE aluminium benchmark price has clocked at US$2,715 per tonne, with a slight escalation of US$3 per tonne or 0.11 per cent. The SHFE aluminium price has been hovering around the average price of US$2,708.80 throughout the first week of April, with traits of remaining...

LME aluminium benchmark price dips by US$5.5/t to US$2,300.50/t; SHFE price grows by US$12/t
07 APR 20232MINS

LME aluminium benchmark price dips by US$5.5/t to US$2,300.50/t; SHFE price grows by US$12/t

LME aluminium opened at US$2,342 per tonne on Thursday, with its high and low at US$2,367 per tonne and US$2,327 per tonne, respectively, before closing at US$2,340 per tonne, a drop of US$0.5 per tonne or 0.02 per cent. On Thursday, April 6, both LME aluminium cash bid price and LME aluminium...

LME benchmark aluminium price sheds US$35.5/t; SHFE aluminium price halts at US$2,700/t mark losing US$5/t
06 APR 20232MINS

LME benchmark aluminium price sheds US$35.5/t; SHFE aluminium price halts at US$2,700/t mark losing US$5/t

LME aluminium moved all the way down to a low of US$2,325 per tonne after opening at US$2,372 per tonne on Wednesday, and closed the day at US$2,340.5 per tonne, a drop of US$34.5 per tonne or 1.45 per cent. On April 5, Wednesday, the LME aluminium cash bid price slumped by US$35 per tonne or 1.49...

LME aluminium benchmark price falls by US$39/t to US$2,341.50/t; SHFE market is closed for Qingming Festival
05 APR 20232MINS

LME aluminium benchmark price falls by US$39/t to US$2,341.50/t; SHFE market is closed for Qingming Festival

On Tuesday, April 4, both LME aluminium cash bid price and LME aluminium official settlement price contracted by US$39.5 per tonne or 1.65 per cent and US$39 per tonne or 1.63 per cent to settle at US$2,340.50 per tonne and US$2,341.50 per tonne. 3-month bid price and 3-month offer price dropped by...

LME benchmark aluminium price mounts by US$44/t to US$2380.50/t; SHFE stoops US$7/t down
04 APR 20232MINS

LME benchmark aluminium price mounts by US$44/t to US$2380.50/t; SHFE stoops US$7/t down

LME aluminium opened at US$2,415 per tonne on Monday, with its high and low at US$2,434 per tonne and US$2,385 per tonne respectively before closing at US$2,389 per tonne, a drop of US$28 per tonne or 1.16 per cent. On April 3, Monday, the LME aluminium cash bid price and the LME aluminium official...

LME aluminium benchmark price falls by US$7.5/t to US$2,336.50/t; SHFE price declines to US$2,712/t
03 APR 20232MINS

LME aluminium benchmark price falls by US$7.5/t to US$2,336.50/t; SHFE price declines to US$2,712/t

LME aluminium opened at US$2,389 per tonne last Friday, with its high and low at US$2,420 per tonne and US$2,368.5 per tonne, respectively, before closing at US$2,417 per tonne, an increase of US$25 per tonne or 1.05 per cent. On Friday, March 31, both LME aluminium cash bid price and LME aluminium...

Primary aluminium weekly recap: China’s Yunnan province might restrict aluminium production due to energy crisis; Government of India to sell remaining BALCO stakes
01 APR 20236MINS

Primary aluminium weekly recap: China’s Yunnan province might restrict aluminium production due to energy crisis; Government of India to sell remaining BALCO stakes

At this moment, the primary sector is the most vulnerable area in the aluminium value chain, with the global energy crisis at its peak and the Russia-Ukraine crisis causing enough turfs in the economic conditions. Last week, there were reports of China facing a recurring energy shortage in the...

Glencore deposits 100,000 tonnes of Russian aluminium at the LME warehouse in South Korea
31 MAR 20231MINS

Glencore deposits 100,000 tonnes of Russian aluminium at the LME warehouse in South Korea

Glencore, the Swiss multinational commodity trading house, has unloaded more than 100,000 tonnes of aluminium at the LME-registered warehouses in the South Korean port of Gwangyang, as reported by one of the world's largest news agencies. Several buyers and consumers in the transport, packaging and...

LME benchmark aluminium price goes US$22/t down to US$2344/t; SHFE aluminium price marks US$24/t rise
31 MAR 20232MINS

LME benchmark aluminium price goes US$22/t down to US$2344/t; SHFE aluminium price marks US$24/t rise

LME aluminium opened at US$2,380.5 per tonne on Thursday, with its high and low at US$2,400 per tonne and US$2,369.5 per tonne respectively before closing at US$2,386.5 per tonne, an increase of US$3.5 per tonne or 0.15 per cent. On March 30, Wednesday, the LME aluminium cash bid price and the LME...

LME aluminium price escalates by US$51/t to US$2,366/t; SHFE price moves down by US$9/t
30 MAR 20232MINS

LME aluminium price escalates by US$51/t to US$2,366/t; SHFE price moves down by US$9/t

LME aluminium opened at US$2,383 per tonne on Wednesday, with its high and low at US$2,423 per tonne and US$2,366.5 per tonne, respectively, before closing at US$2,380 per tonne, an increase of US$2.5 per tonne or 0.1 per cent. On Wednesday, March 29, both LME aluminium cash bid price and LME...