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 benchmark aluminium price stoops to US$2597/t with US$1/t fall; SHFE aluminium closes at US$2826/t
LME aluminium opened at US$2,593 per tonne last Monday, with its weekly high and low at US$2,664 per tonne and US$2,593 per tonne respectively before closing at US$2,627.5 per tonne, an increase of US$37.5 per tonne or 1.45 per cent. On January 27, Friday, the LME aluminium cash bid price dropped...
LME aluminium benchmark price loses US$8/t to close at US$2598/t; SHFE is closed for CNY
The LME aluminium benchmark price slipped on Thursday, January 26, after three consecutive days of rise. While the LME aluminium cash bid price shrank by US$8.5 per tonne or 0.33 per cent to US$2,597 per tonne, the LME aluminium official settlement price contracted by US$8 per tonne to stand at...
LME aluminium price moves up for the third day in a week to US$2606/t; SHFE is closed for CNY
The LME aluminium benchmark price continued to grow for the third consecutive day this week, and that too at a higher rate than the two previous days. On Wednesday, January 25, both the LME aluminium cash bid price and the LME aluminium official settlement price grew by US$11.50 per tonne or 0.44...
LME aluminium benchmark price grows marginally by US$1.5/t; SHFE is closed for CNY holiday
The LME aluminium benchmark price started the week on Monday with a marginal rise and continued to do so the next day. On Tuesday, January 24, both the LME aluminium cash bid price and the LME aluminium official settlement price climbed only US$1.50 per tonne to settle at US$2,594 per tonne and...
LME benchmark aluminium price moves up by US$7.5/t to US$2593/t; SHFE stays shut for Chinese New Year
On January 23, Monday, the LME aluminium cash bid price and the LME aluminium official settlement price had a meagre elevation of US$7.50 per tonne or 0.29 per cent, closing at US$2,592.50 per tonne and US$2,593 per tonne, respectively. Though the previous week was completely in turmoil as the...
LME benchmark aluminium price skips to US$2585.5/t gaining US$44.5/t; SHFE remains closed for Chinese New Year
On January 20, Friday, the LME aluminium cash bid price spiked by US$46 per tonne or 1.81 per cent, and the LME aluminium official settlement price went upward by US$44.50 per tonne or 1.75 per cent, closing at US$2,585 per tonne and US$2,585.50 per tonne, respectively. The 3-month bid price marked...
Vedanta’s aluminium wire rod & billet prices experience a slash of over 3% on Jan 20
Vedanta Limited has slashed the prices of aluminium products from January 20 following a surge on the previous day. The company has cut its aluminium wire rod price by INR 9,250 per tonne or 3.5 per cent to INR 245,500-253,000 per tonne as of January 20. On January 19, the price stood at INR...
LME benchmark aluminium price faces US$95/t slump; SHFE aluminium price treks upwards by US$5/t
LME aluminium opened at US$2,638 per tonne on Thursday and closed at US$2,583.5 per tonne, a drop of US$54.5 per tonne or 2.07 per cent. On January 19, Thursday, the LME aluminium cash bid price plummeted by US$96 per tonne or 3.64 per cent, and the LME aluminium official settlement price stooped...
LME aluminium benchmark price closes 3% higher at US$2636/t; SHFE uptrends to US$2796/t
The three-month LME aluminium opened at US$2,618.50 per tonne on Wednesday, January 18, and closed at US$2,611.50 per tonne, a decrease of US$7 per tonne or 0.27 per cent. On the same day, the LME aluminium cash bid price and the LME aluminium official settlement price surged by US$73 per tonne and...
NALCO’s aluminium ingot price escalates by 4% with effect from January 18
National Aluminium Company Limited (NALCO) has continued to significantly increase its aluminium ingot and aluminium products prices in line with the LME aluminium price hike. With effect from Wednesday, January 18, NALCO has escalated its aluminium ingot price by INR 10,000 per tonne to range...
LME aluminium benchmark price records a drop of 1.6% after two hikes in a row; SHFE gains US$10/t
The three-month LME aluminium opened at US$2,618.50 per tonne on Tuesday and closed at US$2,624.50 per tonne, an increase of US$6 per tonne or 0.23 per cent. On Tuesday, January 17, the LME aluminium cash bid price and the LME aluminium official settlement price recorded a downfall of US$40.50 per...
LME benchmark aluminium price travels US$92/t up to US$2603/t; SHFE loses US$6/t
LME aluminium opened at US$2,595 per tonne on Monday and closed at US$2,603.5 per tonne, an increase of US$8.5 per tonne or 0.33 per cent. On January 16, Monday, the LME aluminium cash bid price and the LME aluminium official settlement price glided up by US$92 per tonne or 3.66 per cent, closing...
Goldman Sachs projects bullish global aluminium price trend in 2023 buoyed by higher demand
The Goldman Sachs Group, a leading global investment bank and financial services company, shared aluminium price forecasts whereby it projected a growth led by soaring demand in Europe and China. But the setback it might create is supply shortages. As per the prediction noted by analysts like...
Hindalco continues to increase its aluminium prices in line with LME price rally; ingot price sums at INR234,500/t
Hindalco Industries Limited back-to-back hiked its aluminium ingot and aluminium products prices on January 14. Previously, on January 12, Hindalco lifted its aluminium ingot price by INR 3,250 per tonne from INR 226,750 per tonne to INR 230,000 per tonne. On Saturday, January 14, the price was...
LME aluminium price surges by US$64/t to US$2,511/t; SHFE price ascends by US$24/t
LME aluminium opened at US$2,552 per tonne last Friday and closed at US$2,592.6 per tonne, an increase of US$44.1 per tonne or 1.73 per cent. On Friday, January 13, both LME aluminium cash bid price and LME aluminium official settlement price shot up by US$94.5 per tonne or 3.86 per cent and US$64...
Primary aluminium weekly recap: Slovalco closes aluminium operations after 70 working years; Aluminium Dunkerque to begin operations surpassing electricity problems
This week the primary aluminium sector has marked various shortcomings, with Slovalco closing the only aluminium smelter in Slovakia after 70 years of successful operation. The rising energy crisis in Europe and the impending effects of the Russia-Ukraine crisis have started showing their shades...
LME benchmark aluminium price strides down by US$4/t; SHFE marks sixth day of rise with US$31/t spike
LME aluminium opened at US$2,458 per tonne on Wednesday and closed at US$2,489 per tonne, an increase of US$26 per tonne or 1.06 per cent. On January 12, Thursday, the LME aluminium cash bid price swamped in a long time by US$4.50 per tonne or 0.18 per cent, closing at US$2,446 per tonne, and the...
LME aluminium price rallies by US$54/t to close at US$2451/t; SHFE price edges a US$21/t hike
Three-month LME aluminium opened at US$2,458 per tonne on Wednesday and closed at US$$2,489 per tonne, an increase of US$26 per tonne or 1.06 per cent. On Wednesday, January 11, both the LME aluminium cash bid price and the LME aluminium official settlement price recorded a surge for the third day...
