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 climbs up the graph by US$8.5/t to US$2,227/t; SHFE price ascends by US$8/t
LME aluminium slid to US$2,200 per tonne after opening at US$2,240 per tonne on Wednesday but then jumped more than 6 per cent to US$2,400 per tonne as the United States was considering retaliatory measures against Rusal. LME aluminium closed at US$2,344 per tonne, an increase of 4.11 per cent. On...
Hindalco Industries cuts its aluminium wire rod & billet prices for the second day by INR5000/t
Hindalco Industries Limited has back-to-back cut its aluminium products and aluminium ingot prices on October 11 and 12. As per the revised prices revealed, Hindalco’s latest aluminium wire rod price is standing at INR 221,100 per tonne versus INR 226,100 per tonne on October 11. Today, the price...
LME aluminium price falls for the third day in a row to US$2218.5/t; SHFE price dips by US$14/t
Three-month LME aluminium hit a low of US$$2,191 per tonne after opening at US$2,255 per tonne on Tuesday, October 11, but then rallied and closed at US$2,251 per tonne, down 0.16 per cent. On Tuesday, October 11, LME aluminium cash bid price and LME aluminium official settlement price continued to...
LME aluminium price contracts by US$68/t to US$2,274/t; SHFE price slips to US$2,592/t
LME aluminium opened at US$2,285 per tonne on Monday and closed at US$2,255 per tonne, down 1.38 per cent. On Monday, October 10, both LME aluminium cash bid price and LME aluminium official settlement price declined by US$67.5 per tonne or 2.88 per cent and US$68 per tonne or 2.90 per cent to...
LME benchmark aluminium price stoops to US$2342/t with US$13/t loss; SHFE stands at US$2608/t after National Day week
LME aluminium rose from around US$2,140 per tonne to US$2,420 per tonne before falling back to around US$2,300 per tonne during the National Day holiday. LME aluminium closed at US$2,286 per tonne last Friday, up US$145 per tonne or 6.7 per cent during the National Day holiday. On October 7,...
LME aluminium price escalated by US$178/t this week to settle at US$2342/t; SHFE was closed for National Day holiday
The LME aluminium benchmark price soared through this week except the fact it started with a decline. On Monday, October 3, LME aluminium cash bid price and LME aluminium official settlement price slumped by US$16.5 per tonne and US$16 per tonne, respectively, to initiate the week at US$2,163 per...
NALCO’s aluminium ingot price soars by INR19800/t with effect from October 6, 2022
National Aluminium Company Limited (NALCO) has significantly raised its aluminium ingot and aluminium products prices, effective from Thursday, October 6, following a sharp cut on September 27. NALCO’s aluminium ingot price has witnessed a surge of INR 19,800 per tonne to stand at INR...
LME aluminium price mounts to US$2,355/t; SHFE remains closed for National Day Holiday
On Thursday, October 6, both LME aluminium cash bid price and LME aluminium official settlement price soared up by US$66.5 per tonne or 2.90 per cent and US$66 per tonne or 2.88 per cent to settle at US$2,354.50 per tonne and US$2,355 per tonne. 3-month bid price and 3-month offer price surged by...
Rusal strongly refutes the recent reports on planning large-scale deliveries to LME warehouses
The world's leading aluminium producer Rusal, further to a recent media report, refutes in the strongest terms any suggestion that it is planning to deliver large quantities of metal on the LME, in Europe, the U.S. or any other location. Rusal also commented that the statements otherwise are highly...
LME benchmark aluminium price earns US$27.5/t; SHFE marks second last day of National Holidays
On October 5, Wednesday, LME aluminium cash bid price has seen a rise of US$27 per tonne or 1.19 per cent to close at US$2,288 per tonne, and LME aluminium official settlement price also shot up by US$27.50 per tonne or 1.22 per cent to rest at US$2,289 per tonne. 3-month bid price has jumped up by...
LME’s dialogue on considering to outlaw Russian metals from trading creates disquiet among aluminium producers
The London Metal Exchange's (LME) consultation a few days back on whether outlaw from trading of a powerful metal-producing nation has stimulated disquiet about an upturn twirl in the price of aluminium and diminishing demand for the metal. The London Metal Exchange is a futures and forwards...
LME levitates by US$97.50/t closing at US$2261.50/t; SHFE remains closed for National Day
On October 4, Tuesday LME aluminium cash bid price has escalated by US$98 per tonne or 4.53 per cent to settle at US$2,261 per tonne, and LME aluminium official settlement price also has hiked by US$97.50 per tonne or 4.5 per cent to rest at US$2,261.50 per tonne. 3-month bid price has skyrocketed...
LME aluminium price slips by US$16/t to US$2,164/t; SHFE market is closed for National Day Holiday
On Monday, October 3, both LME aluminium cash bid price and LME aluminium official settlement price slumped by US$16.5 per tonne or 0.75 per cent and US$16 per tonne or 0.73 per cent to settle at US$2,163 per tonne and US$2,164 per tonne. 3-month bid price and 3-month offer price settled at...
LME aluminium benchmark price descends to US$2180/t after a surge day ago; SHFE is closed for National Day holiday
On Friday, September 30, LME aluminium cash bid price and LME aluminium official settlement price plunged by US$81 per tonne, following an outstanding surge on the previous day. While LME aluminium cash bid price came in at US$2,179.50 per tonne, LME aluminium official settlement price stood at...
LME aluminium price skyrockets by US$181/t as it plans to ban Russian supplies; SHFE price mounts to US$2,581/t
LME aluminium opened at US$2,134 per tonne on Thursday and closed at US$2,232 per tonne, an increase of US$97 per tonne or 4.54 per cent. Following the London Metal Exchange's announcement that it was contemplating preventing new Russian metals from entering the market, traders became concerned...
LME benchmark aluminium price closes mid-week with a US$26/t fall; SHFE jumps up US$30/t
LME aluminium opened at US$2,109 per tonne on Wednesday and closed at US$2,135 per tonne, an increase of US$33 per tonne or 1.57 per cent. LME aluminium cash bid price has decreased by US$26.50 per tonne or 1.26 per cent to settle at US$2,079 per tonne, and LME aluminium official settlement price...
LME aluminium price dips by US$19.5/t to US$2,105.50/t; SHFE price nosedives to US$2,498/t
LME aluminium opened at US$2,136 per tonne on Tuesday and closed at US$2,102 per tonne, down US$32 per tonne or 1.5 per cent. On Tuesday, September 27, both LME aluminium cash bid price and LME aluminium official settlement price slipped by US$19.5 per tonne or 0.91 per cent to settle at...
LME benchmark aluminium price suffers a fall of 1.28%; SHFE goes down by US$30/t
LME aluminium opened at US$2,169 per tonne on Monday and closed at US$2,134 per tonne down US$33 per tonne or 1.52 per cent. LME aluminium cash bid price has slumped by US$27 per tonne or 1.25 per cent to settle at US$2,125 per tonne, and LME aluminium official settlement price has dipped by...
