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 gains US$36.5/t to US$2,485/t; SHFE price slips by US$35/t
LME aluminium opened at US$2,565 per tonne on Monday and fell to US$2,510 per tonne before closing at US$2,507 per tonne, down US$49 per tonne or 1.92 per cent. On Monday, December 5, both LME aluminium cash bid price and LME aluminium official settlement price expanded by US$36.5 per tonne or 1.49...
LME benchmark aluminium price mounts up by US$18/t to US$2448.5/t; SHFE also treks upward by US$73/t
LME aluminium opened at US$2,477 per tonne last Friday and closed at US$2,556 per tonne, an increase of US$81 per tonne or 3.27 per cent. On December 2, Friday LME aluminium cash bid price and the LME aluminium official settlement price went up US$18 per tonne or 0.74 per cent, closing the week at...
LME aluminium benchmark price hikes by US$43.5/t to US$2,430.50/t; SHFE price dips by US$3/t
LME aluminium opened at US$2,491.5 per tonne on Thursday and closed at US$2,475 per tonne, down US$16 per tonne or 0.64 per cent. On Thursday, December 1, both LME aluminium cash bid price and LME aluminium official settlement price surged by US$44 per tonne or 1.84 per cent and US$43.5 per tonne...
LME benchmark aluminium price glides up by US$45.5/t; SHFE escalates to US$2729/t with US$84/t addition
LME aluminium opened at US$2,377.50 per tonne on Wednesday and closed at US$2,491 per tonne, an increase of US$109.50 per tonne or 4.6 per cent. On November 30, Wednesday LME aluminium cash bid price gained US$45 per tonne or 1.92 per cent, closing at US$2,386 per tonne and the LME aluminium...
LME aluminium price gains US$26/t to US$2341.5/t; SHFE price dips by US$11/t
LME aluminium opened at US$2,371 per tonne on Tuesday and closed at US$2,381.5 per tonne, an increase of US$7.5 per tonne or 0.32 per cent. On Tuesday, November 29, both LME aluminium cash bid price and LME aluminium official settlement price hiked by US$26 per tonne or 1.12 per cent to settle at...
LME benchmark aluminium price lowers down to US$2315.5/t with US$30.5/t loss; SHFE rises by US$55/t
LME aluminium opened at US$2,352 per tonne on Monday and closed at US$2,374 per tonne, an increase of US$9 per tonne or 0.38 per cent. On November 28, Monday LME aluminium cash bid price and the LME aluminium official settlement price dived down by US$30.50 per tonne or 1.3 per cent to close at...
LME aluminium price grows US$2/t to stand at US$2381/t; SHFE price glides down by US$40/t
LME aluminium opened at US$2,380 per tonne last Friday and closed at US$2,365 per tonne, down US$3 per tonne or 0.13 per cent. On Friday, November 25, both LME aluminium cash bid price and LME aluminium official settlement price inched up by US$2 per tonne to stand at US$2,345.50 per tonne and...
Primary aluminium weekly recap: Alcoa supports Rusal's call for LME to disclose the source of all metal stocks; Sales of two smelting giants surge following LME's rejection of Russian metal ban
This week, the global primary aluminium segment recorded many important events. To begin with, with the news of the London Metal Exchange not prohibiting Russian metal from being traded on its platform, there was a rush to negotiate contracts with the two largest mining and smelting firms in...
LME aluminium benchmark price remained range-bound this week between US$2344-2346/t; SHFE reflected the same
LME aluminium cash bid price and LME aluminium official settlement price started the week on Monday, November 21, with a decline of US$26 per tonne and US$25 per tonne, respectively, to stand at US$2,342 per tonne and US$2,344 per tonne. But the next day, the prices jumped by US$51.50 per tonne and...
LME benchmark aluminium price dwindles down by US$20/t; SHFE also loses US$27/t
LME aluminium opened at US$2,394 per tonne on Thursday and closed at US$2,368 per tonne, down US$22 per tonne or 0.92 per cent. On November 24, Thursday LME aluminium cash bid price slumped to US$2343.50 per tonne after US$19.50 per tonne or 0.82 per cent was subtracted from it, and the LME...
LME aluminium price falls by US$30 per tonne to US$2,364/t; SHFE price ascends by US$23/t
LME aluminium opened at US$2,433 per tonne on Wednesday and closed at US$2,390 per tonne, down US$46 per tonne or 1.89 per cent. On Wednesday, November 23, LME aluminium cash bid price and LME aluminium official settlement price dropped by US$30.5 per tonne or 1.27 per cent and US$30 per tonne or...
Vedanta lifts its aluminium ingot price by INR4500/t on Nov. 23 after a cut on the previous day
Vedanta Limited has hiked its aluminium ingot and aluminium products prices, with effect from Wednesday, November 23, following a cut on the previous day. On Tuesday, November 22, Vedanta reduced its aluminium ingot price by INR 2,000 per tonne to INR 221,750-252,750 per tonne, following which, the...
Alcoa supports Rusal's call for LME to disclose the source of all metal stocks
The Pittsburgh, US-based industrial corporation and eighth-largest aluminium producer, Alcoa, supports the proposal submitted last week by Russian aluminium giant Rusal for the London Metal Exchange to bring forth the details concerning the source of all metal in LME-approved warehouses. Following...
LME benchmark aluminium price rises to US$2394/t with US$50/t gain; SHFE although loses US$7/t
LME aluminium opened at US$2,387 per tonne on Tuesday and closed at US$2,436 per tonne, an increase of US$56 per tonne or 2.35 per cent. On November 22, Tuesday LME aluminium cash bid price went up the graph to US$2393.50 per tonne after US$51.50 per tonne or 2.2 per cent was added to it, and the...
LME aluminium price slips by US$25/t to US$2,344/t; SHFE price climbs up to US$2,652/t
LME aluminium opened at US$2,406 per tonne on Monday and closed at US$2,380 per tonne, a drop of US$35 per tonne or 1.45 per cent. On Monday, November 21, LME aluminium cash bid price and LME aluminium official settlement price slumped by US$26 per tonne or 1.09 per cent and US$25 per tonne or 1.05...
LME benchmark aluminium price soars by US$26.5/t arriving at US$2369/t; SHFE plunges US$35/t
LME aluminium opened at US$2,395 per tonne last Friday and closed at US$2,415 per tonne, an increase of US$20 per tonne or 0.84 per cent. On November 18, Friday LME aluminium cash bid price escalated to US$2368 per tonne after US$26 per tonne or 1.11 per cent was added last week, and the LME...
Sales of two smelting giants surge following LME's rejection of Russian metal ban
According to our European report, there has been a rush to sign contracts with the two major mining and smelting companies in Russia following the London Metal Exchange's decision not to forbid Russian metal from being traded on its platform and stored at its warehouses. Some buyers had postponed...
LME aluminium benchmark price slumps by US$50.5/t; but SHFE price heightens by US$34/t
Three-month LME aluminium opened at US$2,412 per tonne on Thursday, with high and low at US$2,419.5 per tonne and US$2,361 per tonne, respectively, before closing at US$2,379 per tonne, a drop of US$15 per tonne or 0.62 per cent. On Thursday, November 17, LME aluminium cash bid price and LME...
