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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NALCO grows aluminium ingot price by INR2100/t on April 21 in response to three back-to-back hikes in LME
National Aluminium Company Limited has revised its aluminium ingot and aluminium products prices since its last cut on April 12. With effect from Thursday, April 21, NALCO has increased its aluminium ingot price by INR 2,100 per tonne or 0.75 per cent to sell it at INR 282,650-286,150 per tonne. On...
LME on rise again closing at US$3262/t; SHFE falls for three straight days to US$3384/t
LME aluminium opened at US$3,269 per tonne on Thursday and closed at US$3,302.5 per tonne, an increase of US$39.5 per tonne or 1.21 per cent. On 21 st April, LME aluminium cash bid price stood at US$3,261 per tonne and LME aluminium official settlement price halted at US$3,262. The former recorded...
LME descends after Easter to US$3240/t; SHFE suffers a fall marking US$3402/t
LME aluminium opened at US$3,263 per tonne on Wednesday and closed at US$3,263 per tonne, an increase of US$11 per tonne or 0.34 per cent. On 20 th April, LME aluminium cash bid price stood at US$3,239 per tonne and LME aluminium official settlement price halted at US$3,240. The former recorded a...
Hindalco hikes its aluminium products prices after two back-to-back cuts; aluminium wire rod price sees a raise of INR8750/t
Hindalco Industries Limited has expanded its aluminium products and aluminium ingot prices, with effect from April 20, following two back-to-back cuts on April 13 and 14. As per the revised price list revealed by Hindalco, the company’s aluminium wire rod price has come in at INR 299,850 per tonne...
LME rises after Easter Holidays to US$3312/t; SHFE falls at US$3408/t after five days of steep rise
LME aluminium opened at US$3,295 per tonne on Tuesday and closed at US$3,252 per tonne, down US$47 per tonne or 1.42 per tonne. LME aluminium cash bid price stood at US$3,310 per tonne and LME aluminium official settlement price halted at US$3,312, gaining 2.25 per cent and 2.30 per cent...
SHFE aluminium moves upward in the graph to US$3466/t; LME is closed for Easter and will resume tomorrow
On Tuesday, 19 th April, the benchmark aluminium price for SHFE has increased by US$40 per tonne or 0.23 per cent to stand at US$3,466 per tonne. Overnight, the most-traded SHFE 2205 aluminium contract opened at RMB 21,895 per tonne, with the highest and lowest at RMB 22,200 per tonne and RMB...
SHFE rises for the fourth day to settle at US$3426/t; LME to open after Good Friday festivities
On Monday, 18 th April, the benchmark aluminium price for SHFE has expanded by US$8 per tonne or 0.23 per cent to stand at US$3,426 per tonne. The most-traded SHFE 2205 aluminium contract opened at RMB 21,820 per tonne during last Friday’s night session and rose to RMB 21,905 per tonne before...
Primary aluminium weekly recap: Alcoa to supply low-carbon EcoLum™ aluminum to Speira; Green hydrogen a solution to keep Tiwai aluminium smelter operational beyond 2024
This week the world’s primary aluminium segment reflected sporadic yet crucial changes. LME aluminium benchmark price on Monday, April 11, had opened the week with a fall of 4.72 percent to register at US$3,234.50 per tonne. However, on Thursday, April 14, the price had inched up by 0.95 percent to...
LME aluminium price moves up on graph to US$3237.5/t; SHFE gains 1.9% to stop at US$3418/t
LME aluminium opened at US$3,257 per tonne on Thursday and closed at US$3,299 per tonne, down US$42 per tonne or 1.29 per cent. LME aluminium cash bid price stood at US$3,237 per tonne and LME aluminium official settlement price halted at US$3,237.50, gaining 1 per cent and 0.95 per cent...
Hindalco further trims its aluminium products prices by INR1250/t with effect from April 14
Hindalco Industries Limited has again cut its aluminium products and aluminium ingot prices, with effect from Thursday, April 14, albeit much lesser than the previous day. As against the slash of INR 12,500 per tonne on Tuesday April 12, Hindalco’s aluminium wire rod price has seen a trim of INR...
LME aluminium further nosedives to US$3207/t; SHFE on rise stopping at US$3,354/t
LME aluminium opened at US$3,280 per tonne on Wednesday and closed at US$3,257 per tonne, down US$17 per tonne or 0.52 per cent. LME aluminium cash bid price stood at US$3,205 per tonne and LME aluminium official settlement price halted at US$3,207 loosing 0.28 per cent and 0.23 per cent...
Hindalco’s aluminium wire rod & billets prices shrink by 4% on April 12 in response to LME price fall over weekend
Hindalco Industries Limited again slashed its aluminium products and aluminium ingot prices, with effect from Tuesday, April 12, following a hike on April 9. As per the revised prices published by Hindalco, the company’s aluminium wire rod price is standing at INR 292,350 per tonne after being...
LME aluminium price slips by US$20/t to US$3214.50/t; SHFE price rises by US$26/t
LME aluminium opened at US$3,250 per tonne on Tuesday and closed at $3,274 per tonne, an increase of $22.5 per tonne or 0.69 percent. On Tuesday, April 12, LME aluminium cash bid price closed at US$3,214 per tonne and LME aluminium official settlement price halted at US$3,214.50 per tonne. The...
NALCO sharply cuts its aluminium ingot price by INR15700/t w.e.f. April 12 as LME price plummets by 7.7%
National Aluminium Company Limited has further slashed its aluminium ingot and aluminium products prices since its last cut on April 1, 2022. With effect from Tuesday, April 12, NALCO has chopped its aluminium ingot price by INR 15,700 per tonne or 5.30 per cent to INR 280,550- 284,050 per tonne as...
LME tumbles down to US$ 3234.50/t; SHFE suffers fall stopping at US$ 3,276/t
LME aluminium opened at US$3,361 per tonne on Monday and closed at US$3,251.5 per tonne, down US$120.5 per tonne or 3.57 per cent. LME aluminium cash bid price halted at US$3,233.50 per tonne and LME aluminium official settlement price stopped at US$3,234.50 per tonne, with a downfall of 4.7 per...
LME aluminium price strolls higher at US$3395/t; SHFE moves down to US$3358/t
LME aluminium opened at US$3,392 per tonne last Friday and closed at US$3,372 per tonne, down US$28 per tonne or 0.82 per cent. Prices of commodities might be on the rise once again as East of Ukraine is still being vacated for this might just be the beginning of the end. LME aluminium cash bid...
Primary aluminium weekly recap: EGA and Ma’aden to move towards greener aluminium smelting technology;LME halts aluminium loading in its warehouse due to extra tax
The primary aluminium sector has witnessed a mixed yet significant response this week both in terms of prices and other activities. If on one hand, Hindalco’s aluminium ingot price had escalated by INR 3,250 per tonne after 4 successive downfalls, LME aluminium benchmark price had stayed on the...
Vedanta lifts its aluminium ingot price by INR4000/t on April 9 in response to LME price rise
After a sharp cut of INR 7,250 per tonne across all the aluminium products on April 8, Vedanta Limited has lifted its aluminium prices, with effect from April 9. The company has increased its aluminium ingot price by INR 4,000 per tonne to INR 294,000- 341,500 per tonne on April 9 as against INR...
