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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US, European economic slowdown cools the demand for aluminium
The surge in global aluminium output coincided with growing concerns that an economic slowdown would reduce demand for the metal. Europe's industrial economy suffered greatly due to the geopolitical-induced energy crisis. Fears of a recession were raised in the US due to inflation and rising...
LME benchmark aluminium price ascends by US$17/t; SHFE aluminium price jumps US$10/t up
LME aluminium prices finished the day at US$2,382.5 per tonne, a gain of US$17.5 per tonne or 0.74 per cent. On March 28, Tuesday, the LME aluminium cash bid price and the LME aluminium official settlement price soared by US$17 per tonne or 0.74 per cent to close at US$2,314 per tonne and US$2,315...
LME aluminium price opens the week with a growth of US$33/t; SHFE price hikes by US$19/t
LME aluminium opened at US$2,341 per tonne on Monday, with its high and low at US$2,372 per tonne and US$2,323 per tonne, respectively, before closing at US$2,365 per tonne, an increase of US$21 per tonne or 0.9 per cent. On Monday, March 27, both LME aluminium cash bid price and LME aluminium...
LME benchmark aluminium price remains stuck at US$2265/t on March 24; SHFE aluminium price increases by US$2/t
LME aluminium opened at US$2,329 per tonne last Friday, with its high and low at US$2,364.5 per tonne and US$2,312.5 per tonne respectively before closing at US$2,344 per tonne, an increase of US$17.5 per tonne or 0.75 per cent. On March 24, Friday, the LME aluminium cash bid price and the LME...
CME reports participation in its aluminium futures contract going strong
The Chicago Mercantile Exchange (CME) Group reported enthusiastic market participation in its aluminium futures contract at the beginning of 2023, with a record average daily volume of 3,161 contracts in February - 300 per cent more than the previous year. CME said that in the first two months of...
LME aluminium benchmark price hikes by US$33/t to US$2,265/t; SHFE price moves up by US$5/t
LME aluminium opened at US$2,291 per tonne on Thursday, with its high and low at US$2,345.5 per tonne and US$2,287 per tonne, respectively, before closing at US$2,326.5 per tonne, an increase of US$41.5 per tonne or 1.82 per cent. On Thursday, March 23, both LME aluminium cash bid price and LME...
LME benchmark aluminium price tumbles by US$3/t to US$2232/t; SHFE price ascends US$31/t
LME aluminium opened at US$2,275 per tonne on Wednesday, with its high and low at US$2,285 per tonne and US$2,261 per tonne respectively before closing at US$2,285 per tonne, an increase of US$15.5 per tonne or 0.68 per cent. On March 22, Wednesday, the LME aluminium cash bid price and the LME...
LME aluminium benchmark price slips by US$2.5/t to US$2,235/t; SHFE price moves up to US$2,645/t
LME aluminium closed at US$2,269 per tonne, down US$14.5 per tonne or 0.63 per cent, from the previous trading day. On Tuesday, March 21, both LME aluminium cash bid price and LME aluminium official settlement price moved down by US$2.5 per tonne or 0.11 per cent to settle at US$2,234.50 per tonne...
LME benchmark aluminium price on a slothful pace since March 8 gains US$5.5/t; SHFE sheds US$4/t
LME aluminium opened at US$2,284.5 per tonne on Monday, with its high and low at US$2,300 per tonne and US$2,254 per tonne, respectively, before closing at US$2,284 per tonne, an increase of US$6 per tonne or 0.26 per cent. On March 20, Monday, the LME aluminium cash bid price ascended by US$7 per...
LME aluminium price slips to US$2,232/t; SHFE price moves down by US$3/t to US$2,645/t
LME aluminium opened at US$2,280.5 per tonne last Friday, with its high and low at US$2,314 per tonne and US$2,262 per tonne, respectively, before closing at US$2,278 per tonne, a drop of US$2 per tonne or 0.09 per cent. On Friday, March 17, LME aluminium cash bid price and LME aluminium official...
Primary aluminium weekly recap: Alcoa decides to curtail 75% production at Portland aluminium smelter; Vedanta forms alliance with Dalmia Cement delivering fly ash for low-carbon cement
This week, the primary aluminium sector has witnessed major impending issues, like the Slovenian aluminium producer Talum’s closed operations, directly affecting the jobs and livelihood of 189 workers. While on the other side, we see €1.2 million from the European Globalisation Adjustment Fund for...
Production cost surge fails to suppress Rusal’s aluminium output in 2022 but weighs on profit
On Friday, March 17, Rusal announced a higher aluminium production in 2022, mitigating several challenges like Australia’s alumina export ban to Russia, suspension of alumina production at the Mykolaiv refinery, and inflated production cost due to energy and raw materials price hike. Rusal’s...
LME aluminium price settles at US$8.5/t lower; SHFE price grows reflecting a W-o-W hike
Three-month LME aluminium opened at US$2,283 per tonne and settled at US$2,280 per tonne, down 0.07 per cent. On Thursday, March 16, the LME aluminium cash bid price saw a further drop of US$8 per tonne or 0.36 per cent to stand at US$2,237 per tonne, and the LME aluminium official settlement price...
LME benchmark aluminium price sheds US$26/t on March 15; SHFE aluminium price slumps by US$33/t
LME aluminium opened at US$2,349 per tonne on Wednesday and sank to US$2,261 per tonne before closing at US$2,281 per tonne, down 3 per cent. On March 15, Wednesday, the LME aluminium cash bid price dropped by US$26 per tonne or 1.14 per cent to clock at US$2,245 per tonne, and the LME aluminium...
Vedanta’s aluminium ingot price sees a growth after several cuts since March 7, thanks to the LME price hike
Vedanta Limited has lifted its aluminium ingot and aluminium products prices on Wednesday, March 15, after several cuts, in response to the LME aluminium price hike. Vedanta, India's leading aluminium producing company, has added INR 4,500 per tonne to its aluminium ingot price to sell the primary...
LME aluminium benchmark price grows to US$2,272/t; SHFE price remains the same at US$2,663/t
LME aluminium opened at US$2,321 per tonne on Tuesday and closed at US$2,352 per tonne, an increase of US$32 per tonne or 1.38 per cent. On Tuesday, March 14, both LME aluminium cash bid price and LME aluminium official settlement price surged by US$35.5 per tonne or 1.58 per cent to close at...
Hindalco continues to cut its aluminium products prices, bringing the wire rod price to INR222600/t on March 14
Hindalco Industries Limited has continued to cut its aluminium products prices for the fourth consecutive time since March 2 in line with the sluggish trend in the LME aluminium benchmark price. With effect from Tuesday, March 14, Vedanta has reduced its aluminium wire rod price by INR 1,500 per...
LME benchmark aluminium price slides down by US$12.5/t to US$2236.5/t; SHFE price soars US$17/t
LME aluminium opened at US$2310 per tonne on Monday and fell to US$2,275 per tonne before closing at US$2,320 per tonne, up 0.59 per cent. On March 13, Monday, the LME aluminium cash bid price slumped by US$12.50 per tonne or 0.56 per cent to clock at US$2,235.50 per tonne, and the LME aluminium...
