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 closes the week with a plunge of US$42.5/t; SHFE price nosedives to US$2,582/t
LME aluminium opened at US$2,222 per tonne last Friday and closed at US$2,167 per tonne, down US$56 per tonne or 2.52 per cent. On Friday, September 23, both LME aluminium cash bid price and LME aluminium official settlement price dwindled by US$43 per tonne or 1.95 per cent and US$42.5 per tonne...
LME aluminium price loses US$79/t this week to settle at US$2153/t; SHFE price trends down by US$48/t
The LME aluminium benchmark price has slipped by US$79 per tonne this week from September 19 to 23. On Monday, both LME aluminium cash bid price and LME aluminium official settlement price began the week with a decline of US$26 per tonne and US$27 per tonne, respectively, to stand at US$2,231 per...
LME benchmark aluminium price soars up to US$2195.5/t; SHFE hikes US$14/t
LME aluminium opened at US$2,200.50 per tonne on Thursday and closed at US$2,223 per tonne, an increase of US$20 per tonne or 0.91 per cent. LME aluminium cash bid price has increased by US$6 per tonne or 0.27 per cent to settle at US$2,195 per tonne, and LME aluminium official settlement price has...
LME aluminium price hits 18-month low as market braces for hefty interest rate rise; SHFE price inches down by US$1/t
LME aluminium opened at US$2,250.5 per tonne on Wednesday and closed at US$2,203 per tonne, down US$52 per tonne or 2.31 per cent. On Wednesday, September 21, aluminium prices dropped to their lowest in 18 months since March 2021 as markets prepared for another significant increase in US interest...
LME benchmark aluminium price marks a rise of US$13.5/t ; SHFE sheds 1.75%
LME aluminium opened at US$2,256 per tonne on Tuesday and closed at US$2,255 per tonne, up US$6 per tonne or 0.27 per cent. LME aluminium cash bid price has risen by US$14 per tonne or 0.63 per cent to settle at US$2,245 per tonne and LME aluminium official settlement price gains US$13.50 per tonne...
ISRI Commodity Roundtables: Both recycled and primary aluminium demand witnesses a ‘marked turnaround’
Greg Wittbecker, an advisor to London-based CRU International, reported that aluminium experienced a "marked turnaround in primary demand" since scrap processors and traders gathered in Las Vegas for the Institute of Scrap Recycling Industries (ISRI) Convention & Exposition (ISRI2022) in late...
LME aluminium price slips by US$27/t to US$2,232/t; SHFE price descends to US$2,677/t
LME aluminium opened at US$2,284 per tonne on Monday and closed at US$2,249 per tonne, down US$34 per tonne or 1.49 per cent. On Monday, September 19, both LME aluminium cash bid price and LME aluminium official settlement price dipped by US$26 per tonne or 1.15 per cent and US$27 per tonne or 1.19...
Average daily volumes of aluminium futures surged 359% in Q3: CME Group Inc.
CME Group Inc., a futures exchange operator, said on 16 th September 2022 that aluminium futures volumes soared 359% in Q3 to date from Q1 and topped 6,709 contracts in the fourth quarter. A futures contract for aluminium is a standardized, exchange-traded contract in which the contract buyer...
LME benchmark aluminium price subsides by US$13/t to US$2259/t; SHFE drops US$16/t
LME aluminium opened at US$2,312.5 per tonne on Friday and closed at US$2,283 per tonne, down US$21 per tonne or 1.38 per cent. LME aluminium cash bid price dropped by US$14 per tonne or 0.62 per cent to settle at US$2,257 per tonne and LME aluminium official settlement price slipped by US$13 per...
European market uncertain about ordering aluminium for 2023: Ali Al-Baqali
Customers in Europe are hesitant to place orders for next year due to recession concerns, causing a decline in demand, as stated by Ali Al-Baqali, the Chief Executive of Aluminium Bahrain (Alba). Ali Al-Baqali commented on the sidelines of an aluminium conference in Barcelona, "The overall demand...
LME aluminium price mounts to US$2,272/t; SHFE price hikes by US$35/t
LME aluminium opened at US$2,276 per tonne on Thursday and closed at US$2,315 per tonne, up 1.83 per cent. On Thursday, September 15, both LME aluminium cash bid price and LME aluminium official settlement price surged by US$44 per tonne or 1.97 per cent and US$44.5 per tonne or 1.99 per cent to...
NALCO’s aluminium ingot price accumulates INR3100/t in five days
National Aluminium Company Limited (NALCO) has increased its aluminium ingot and aluminium products prices, with effect from Wednesday, September 14, following a sharp cut last week, September 9. NALCO’s aluminium ingot price has gained INR 3,100 per tonne from the earlier time to stand at INR...
LME benchmark aluminium price plummets 3.55% to US$2227.5/t; SHFE loses US$1/t
LME aluminium opened at US$2,309.5 per tonne on Wednesday and closed at US$2,273.5 per tonne, down 1.43 per cent. LME aluminium cash bid price and LME aluminium official settlement price both plunged by US$82 per tonne or 3.55 per cent to rest at US$2,227 per tonne and US$2,227.50 per tonne on...
LME aluminium price climbs up the graph by US$21/t to US$2,309.50/t; SHFE price drops by US$47/t
LME aluminium opened at US$2,298 per tonne on Tuesday and closed at US$2,306 per tonne, up 1.03 per cent. On Tuesday, September 13, both LME aluminium cash bid price and LME aluminium official settlement price increased by US$21 per tonne or 0.91 per cent to close at US$2,309 per tonne and...
LME benchmark aluminium price grows by US$8.5/t to US$2288.5/t; SHFE collects US$9/t
LME aluminium opened at US$2,289 per tonne on Monday and closed at US$2,290 per tonne. LME aluminium cash bid price and LME aluminium official settlement price both witnessed an US$8.50 per tonne or 0.37 per cent hike to rest at US$2,288 per tonne and US$2,288.50 per tonne on Monday, September 12....
LME aluminium price mounts to US$2,280/t on September 9; SHFE market is closed on the occasion of Mid-Autumn Festival
On Friday, September 9, both LME aluminium cash bid price and LME aluminium official settlement price hiked by US$24 per tonne or 1.06 per cent to settle at US$2,279.50 per tonne and US$2,280 per tonne. 3-month bid price and 3-month offer price grew by US$22 per tonne or 0.97 per cent to rest at...
LME aluminium price edges US$34.50/t lower this week to US$2,280/t; SHFE grows to US$2709/t
The LME aluminium benchmark price has slumped this the week by US$34.50 per tonne. On Monday, September 5, LME aluminium cash bid price and LME aluminium official settlement price decreased by US$18 per tonne and US$18.50 per tonne to stand at US$2,290 per tonne and US$2,290.50 per tonne,...
LME benchmark aluminium price soars up 1.14% to US$2256/t; SHFE collects US$59/t
LME aluminium opened at US$2,284 per tonne on Thursday and closed at US$2,277 per tonne. LME aluminium cash bid price and LME aluminium official settlement price both witnessed an US$25.50 per tonne or 1.14 per cent hike to rest at US$2,255.50 per tonne and US$2,256 per tonne on Thursday, September...
