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 falls by US$84.50/t to US$2,832.50; SHFE falls significantly to US$2957/t
LME aluminium opened at US$2,936 per tonne last Friday and closed at US$2,835 per tonne, down US$101 per tonne or 3.44 per cent. LME aluminium cash bid price and official settlement price halted at US$2,832 per tonne and US$2,832.50 per tonne, respectively, both experiencing a decrease of 2.9 per...
LME inclining downwards at US$2917/t; SHFE further bends to US$3053/t
LME aluminium opened at US$2,997 per tonne on Thursday and closed at US$2,936 per tonne, down US$49 per tonne or 1.64 per cent. LME aluminium cash bid price and official settlement price halted at US$2,916.50 per tonne and US$2,917 per tonne, respectively, both experiencing a 0.41 per cent or US$12...
LME travels up in graph to settle at US$2929/t; SHFE rises after the May Day vacation to US$3144/t
LME aluminium opened at US$2,924 per tonne on May 4 and closed at US$2,985 per tonne, an increase of US$57 per tonne or 1.95 per cent. On 4 th May, LME aluminium cash bid price and official settlement price halted at US$2,928.50 per tonne and US$2,929 per tonne, respectively, both experiencing a...
LME aluminium price drifts lower by US$127.5/t to US$2911.50 /t; SHFE is closed till Wednesday for May Day
On Tuesday, April 3, LME aluminium cash bid price stood at US$2,911 per tonne, after experiencing a fall of US$127 per tonne or 4.18 percent. For the same day, LME aluminium official settlement price plunged by US$127.5 per tonne or 4.19 percent to peg at US$2911.50 per tonne. 3-month bid price and...
LME slumps for the third day at US$3039/t; SHFE is closed till Wednesday for May Day
On 29 th April, LME aluminium cash bid price stood at US$3,038 per tonne, witnessing a 0.88 per cent or US$27 per tonne decline, while LME aluminium official settlement price halted at US$3,039, diving down by 0.86 per cent or US$26.50 per tonne. 3-month bid price stood at US$3,043 per tonne,...
LME aluminium benchmark price closed the week at US$51/t lower; SHFE price slid US$100/t to US$3139/t
LME aluminium prices further shrank this week, with LME aluminium cash bid price and LME aluminium official settlement price starting at US$3,089 per tonne and US$3,090 per tonne on Monday, April 25, and ending at US$3,038 per tonne and US$3,039 per tonne on Friday, April 29. That was a decline of...
AMAG reports highest quarterly earnings for 1Q2022 with a 60% hike in revenue
AMAG Austria Metall AG, the biggest company in the Austrian Aluminium industry sector, has reported a continued positive performance for the 1st quarter of 2022 ended March 31. By the data revealed, the company has achieved the highest quarterly earnings in its history for 1Q2022, contributed by...
Vedanta cuts its aluminium ingot selling price by nearly 1% with effect from April 29
Vedanta Limited has further reduced its aluminium ingot and products prices, with effect from Friday, April 29, in line with back-to-back LME aluminium price drop. Vedanta has cut its aluminium ingot price by INR 2,500 per tonne or 0.9 per cent to INR 269,500-305,200 per tonne on April 29, while...
Hindalco trims its aluminium billets & wire rod prices by INR2500/t with effect from April 29
Hindalco Industries Limited has continued to reduce its aluminium products and ingot prices, with effect from April 29, albeit slower than the previous day. Hindalco has cut its aluminium billets price by INR 2,500 per tonne or 0.87 per cent to stand at INR 283,600 per tonne. On the last cut on...
LME aluminium price falls for the second day at US$3065.50/t; SHFE stoops down to US$3139/t
LME aluminium opened at US$3,107 per tonne on Thursday and closed at US$3,040 per tonne, down US$76 per tonne or 2.44 per cent. On 28 th April, LME aluminium cash bid price stood at US$3,065 per tonne, facing a 1.10 per cent or US$34 per tonne decline, while LME aluminium official settlement price...
NALCO’s aluminium ingot price sees a sharp cut of INR10000/t in line with LME price slump
National Aluminium Company Limited has slashed its aluminium ingot and aluminium products prices by INR 10,000 per tonne or 3.5 per cent on April 28, in line with the continued decrease in LME aluminium benchmark price since April 22. With the latest cut, NALCO’s aluminium ingot price has come in...
LME aluminium price drops again at US$3100/t; SHFE grows to US$3173/t after six days of decline
LME aluminium opened at US$3,071.5 per tonne on Wednesday and closed at US$3,116 per tonne, an increase of US$36 per tonne or 1.17 per cent. On 27 th April, the LME aluminium cash bid price stood at US$3,099 per tonne, with a 0.10 per cent or US$3 per tonne decline. LME aluminium official...
LME aluminium price moving upwards at US$3102.50/t; SHFE falls for the sixth day in a row to US$3168/t
LME aluminium opened at US$3,087per tonne on Tuesday and closed at US$3,080 per tonne, down US$2 per tonne or 0.06 per cent. On 26 th April, the LME aluminium cash bid price stood at US$3,102 per tonne, increasing by 0.42 per cent or US$13 per tonne. LME aluminium official settlement price halted...
Vedanta continues to reduce aluminium wire rod & billet prices by INR11250/t with effect from April 26
Vedanta Limited has continued to cut its aluminium products and aluminium ingot prices, with effect from Tuesday, April 26. The company has reduced its aluminium wire rod price significantly by INR 11,250 per tonne or 3.8 per cent to INR 279,500- 287,000 per tonne. The last cut on April 21 brought...
Hindalco sharply cuts its aluminium wire rod price by INR11250/t in line with LME’s plunge by US$172/t
Hindalco Industries Limited has sharply cut its aluminium products and aluminium ingot prices, with effect from Tuesday, April 26, in line with the two back-to-back declines in LME aluminium benchmark price. Hindalco has slashed its aluminium wire rod price by INR 11,250 per tonne to sell the...
LME aluminium price descends to US$3090/t; SHFE suffers the fifth day of fall closing at US$3171/t
LME aluminium opened at US$3,230 per tonne on Monday and closed at US$3,082 per tonne, down US$162.5per tonne or 5.01 per cent. On 25 th April, LME aluminium cash bid price stood at US$3,089 per tonne, facing a 4.76 per cent or US$154.50 per tonne decline, while LME aluminium official settlement...
LME aluminium suffers fall till US$3244/t; SHFE aluminium is at US$3239/t enduring the fourth day of decline
LME aluminium opened at US$3,301 per tonne last Friday and closed at US$3,244.5 per tonne, down US$58 per tonne or 1.76 per cent. On 22nd April, LME aluminium cash bid price stood at US$3,243.50 per tonne, facing a 0.54 per cent or US$17.50 decline, while LME aluminium official settlement price...
LME aluminium price swings down this week by US$68/t to US$3244/t; SHFE price shrinks to US$3384/t
The LME aluminium benchmark price resumed from the Easter Holiday on Tuesday, April 19, with a growth of 2 per cent. LME aluminium cash bid price and LME aluminium official settlement price grew by 2.25 per cent and 2.30 per cent on April 19 to settle at RMB 3,310 per tonne and RMB 3,312 per tonne,...
