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 soars to US$2170.5/t; SHFE also goes up by US$21/t
LME aluminium opened at US$2,180 per tonne on Tuesday, with its high and low at US$2,250 per tonne and US$2,156.5 per tonne, respectively, before closing at US$2,215 per tonne, an increase of US$38 per tonne or 1.75 per cent. On October 25, Tuesday LME aluminium cash bid price went up the graph by...
LME aluminium benchmark price grows slightly by US$4.5/t; SHFE price descends to US$2538/t
Three-month LME aluminium opened at US$2,227.50 per tonne, with the highest and lowest prices at US$2,234.50 per tonne and US$2,170.50 per tonne before closing at US$2,177 per tonne, down US$41.50 per tonne or 1.87 per cent. On Monday, October 24, LME aluminium cash bid price and LME aluminium...
Hindalco’s aluminium products prices loss INR6000/t on October 22 in line with LME price plunge
Hindalco Industries’ aluminium products prices suffered a loss of INR 6,000 per tonne on October 22, the same amount as they grew by the previous day. Therefore, the company’s aluminium billets price came in at INR 219,600 per tonne on Saturday, October 22, versus INR 225,600 per tonne on Friday,...
LME aluminium price plunges to US$2,155.50/t; SHFE price slips by US$2/t
LME aluminium opened at US$2,218 per tonne last Friday, with its high and low at US$2,240.5 per tonne and US$2,165.5 per tonne, respectively, before closing at US$2,218.5 per tonne, an increase of US$1.5 per tonne or 0.07 per cent. On Friday, October 21, both LME aluminium cash bid price and LME...
Primary aluminium weekly recap: LME warehouse in South Korea receives Russian-origin aluminium from Glencore; US sanctions speculation called 'irresponsible' by En+ Group chairman
The ongoing Russia-Ukraine has changed a lot in the global primary aluminium industry. To begin with, on Tuesday, October 18, the London Metal Exchange (LME) registered warehouses in Gwangyang, South Korea, received significant shipments of Russian-origin aluminium from the Anglo-Swiss...
LME aluminium price trended down this week to $2155.5/t due to large arrivals of stocks; SHFE price closed higher at $2576/t
Both LME aluminium cash bid price and LME aluminium official settlement price started the week on Monday, October 17, with a plunge of US$69.50 per tonne and US$69 per tonne, respectively, to rest at US$2,239 per tonne and US$2,240 per tonne due to large deliveries to warehouses approved by the...
Rusal dominates the bauxite and alumina supply chain in addition to primary aluminium production
As the global economy is driving through a challenging situation, the aluminium sector witnessed’s price drop amidst the alleged dumping of Russian aluminium, weakening the demand for metal and propelling the cost of production. Aluminium stocks in London Metals Exchange (LME) warehouses surged...
LME benchmark aluminium price gains US$45/t arriving at US$2214/t; SHFE records 1.1% boost
LME aluminium opened at US$2,186 per tonne on Thursday, with its high and low at US$2,209.5 per tonne and US$2,186.5 per tonne, respectively, before closing at US$2,217 per tonne, an increase of US$27 per tonne or 1.23 per cent. On October 20, Thursday, LME aluminium cash bid price elevated by...
LME aluminium price drops by US$31.5/t to US$2,169/t; SHFE price hikes by US$9/t
LME aluminium opened at US$2,186 per tonne on Wednesday, with its high and low at US$2,209.5 per tonne and US$2,162 per tonne, respectively, before closing at US$2,190 per tonne, a drop of US$10 per tonne or 0.46 per cent. On Wednesday, October 19, both LME aluminium cash bid price and LME...
Hindalco Industries cuts its aluminium wire rod & billet prices for the third day by INR4000/t
Hindalco Industries Limited has back-to-back cut its aluminium products and aluminium ingot prices on October 18 and 19. As per the revised prices revealed, Hindalco’s latest aluminium wire rod price stands at INR 218,850 per tonne on October 19 versus INR 222,850 per tonne on October 18. Today,...
LME warehouse in South Korea receives Russian-origin aluminium from Glencore
On Tuesday, October 18, Switzerland-headquartered Anglo-Swiss multinational commodity trading and mining company Glencore shipped substantial volumes of Russian-origin aluminium to London Metal Exchange (LME) registered warehouses in Gwangyang, South Korea. As per the sources, the aluminium shipped...
LME aluminium benchmark price slips to US$2,200.50/t; SHFE price moves down by US$6/t
LME aluminium opened at US$2,245 per tonne on Tuesday, with its high and low at US$2,258 per tonne and US$2,178 per tonne, respectively, before closing at US$2,180 per tonne, a drop of US$64 per tonne or 2.85 per cent. Growing inventory and weak demand sent LME aluminium lower. On Tuesday, October...
LME aluminium price declines to US$2,240/t due to jump in inventory; SHFE price slumps by US$43/t
LME aluminium opened at US$2,301 per tonne on Monday and closed at US$2,214 per tonne, down US$46.5 per tonne or 2.03 per cent. On Monday, October 17, aluminium prices dropped due to large deliveries to warehouses approved by the London Metal Exchange (LME). Both LME aluminium cash bid price and...
LME aluminium price declines to US$2,309/t; SHFE price falls by US$24/t
LME aluminium opened at US$2,330 per tonne last Friday, with its intraday high and low at US$2,393 per tonne and US$2,287 per tonne, respectively, before closing at US$2,290 per tonne, a drop of US$61.5 per tonne or 2.61 per cent. The decline was caused by the growing LME aluminium inventory. On...
Primary aluminium recap final: Joe Biden's administration considering a complete ban on Russian aluminium; LME plans to limit aluminium trade with Russia
The ongoing Russia-Ukraine crisis has changed a lot of things in the industry. From the domestic aluminium prices witnessing a hike over the past week to Alcoa influencing the Biden administration to prevent American imports of Russian aluminium, it has brought about a lot of differences. As a...
Hindalco’s aluminium ingot price uptrends by INR 13,750/t after two back-to-back cuts
Hindalco Industries Limited has expanded its aluminium ingot and aluminium product prices in line with the global aluminium benchmark price increase. As of Friday, October 14, Hindalco’s latest aluminium ingot price closed at INR 223,750 per tonne, up by INR 13,750 per tonne from INR 210,000 per...
LME aluminium price soars 6.6% to stand at US$2374/t; SHFE builds up by US$26/t
LME aluminium moved around the 5-day moving average after opening at US$2,330 per tonne on Thursday, and closed at US$2,337 per tonne, a decrease of 0.64 per cent. On Thursday, October 13, LME aluminium cash bid price skyrocketed by US$147.50 per tonne or 6.63 per cent to stand at US$2,373.50 per...
LME plans to limit aluminium trade with Russia; Chinese producers to reap benefit
According to Platts analytics, domestic aluminium prices in China have increased over a week based on the possibility that the London Metal Exchange may curb the entry of Russian metal, Beijing’s support for domestic producers, and production cut in both Europe and China. There is also a...
