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 continues to downtrend this week by US$50.5/t; SHFE settles lower at US$3434/t
LME aluminium benchmark price continued to trend down this week from US$3,444 per tonne to US$3,395 per tonne. Both LME aluminium cash bid price and LME aluminium official settlement price started the week on Monday, April 4, with a drop of 1.12 per cent to US$3,443.50 per tonne and US$3,444 per...
LME aluminium price decreases again at US$3346/t, SHFE benchmark price is demoted to US$3434/t
LME aluminium opened at US$3,436 per tonne on Thursday and closed at US$3,400 per tonne, down US$31.5 per tonne or 0.92 per cent. On 7 th April, LME aluminium cash bid price stood at US$3,344 per tonne and LME aluminium official settlement price halted at US$3,346. The former recorded a fall of...
LME aluminium on rise again settling at US$3443.50/t, SHFE gains 2% closing at US$3481/t
LME aluminium opened at US$3,436 per tonne on Wednesday and closed at US$3,443.5 per tonne, an increase of US$12 per tonne or 0.35 per cent. LME aluminium cash bid price stood at US$3,443 per tonne and LME aluminium official settlement price halted at US$3,443.50, with a rise of 0.85 per cent and...
LME aluminium falls for six days straight halting at US$3,418/t, SHFE descends after Qingming Festival
LME aluminium opened at US$3,450 per tonne yesterday and closed at US$3,455 per tonne, an increase of US$40 per tonne or 1.17 per cent. On 5 th April, LME aluminium cash bid price stood at US$3,414 per tonne and LME aluminium official settlement price halted at US$3,415. The former recorded a fall...
LME aluminium price falls for five days in a row to US$3444/t; SHFE is closed for Qingming Festival, China
On Monday, 4 th of April, LME aluminium cash bid price stopped at US$3,443.50 per tonne and LME aluminium official settlement price was last recorded at US$3,444 per tonne, with a 1.12 per cent downfall, in comparison with the records of the previous week, both witnessed a decline of US$39 per...
LME halts loading of Russian aluminium in its warehouse to avoid members paying extra tax
On Friday, April 1, the London Metal Exchange had halted the shipment of some Russian-produced metals to its permitted warehouse in the United Kingdom, although no Russian metals are currently stored in its facilities. The decision was taken in response to Russia’s invasion of Ukraine earlier this...
China is boosting its aluminium exports to compensation the supply gaps in Western markets: Source
As observed by market experts, China is boosting its aluminium export volume to balance the supply gaps in Western markets. In February, China exported 26,378 tonnes of primary aluminium in February, the highest monthly since 2010, turning into a net exporter for the first time since November 2019....
LME price falls constantly for four days to stop at US$3,483/t; SHFE is closed for Qingming Festival
LME aluminium opened at US$3,540 per tonne on Thursday and closed at US$3,468 per tonne, down US$78.5 per tonne or 2.21 per cent. On Friday, LME aluminium cash bid price stood at US$3,482.50 per tonne and LME aluminium official settlement price halted at US$3,483 per tonne, with a fall of 0.56 per...
Primary aluminium weekly recap: NALCO, Hindalco trim their ingots selling prices as LME price retreats; Alba & EGA to explore production enhancement opportunities
As Russia retreats its military activities in some areas of Ukraine, allowing the resumption of alumina refineries and aluminium smelters, the LME aluminium benchmark price begins downsizing throughout the week with the hope of supply chain recovery. Starting at US$3,606 per tonne on Monday, March...
LME aluminium price on decline recording US$3,503/t due to Russian retreat, SHFE rises to US$3,590/t
LME aluminium opened at US$$3,540 per tonne on Thursday, March 31, and closed at US$3,468 per tonne, down US$78.5 per tonne or 2.21 per cent. The pressure created on Russia by all the other European and Australian metal giants is finally reducing the aluminium price in the London metal market. For...
Hulamin’s operational profit augments Y-o-Y to score at R538 million, thanks to higher sales volume
Hulamin’s operational profit for the year ending December 31, 2021, reflected an increment of 760 percent to close at R538 million from R81 million in 2020. The company's headline earnings increased to R560 million from a loss of R220 million the previous year. The company also said that headline...
Hindalco back-to-back trims its aluminium ingot price to INR303000/t as LME sheds off
Hindalco Industries Limited has reduced its aluminium ingot and aluminium products prices back-to-back on two consecutive days as LME aluminium benchmark price has been shedding off since March 29. With effect from Thursday, March 31, Hindalco’s aluminium ingot price has been slashed by INR 7,000...
LME aluminium declines by $75/t as supply concerns ease with Russia’s minimised military operations; SHFE grows to $3586/t
LME aluminium cash bid price and LME aluminium official settlement price continued to decrease for the second day in a row by US$75 per tonne or 2.09 per cent to stand at US$3,506 per tonne and US$3,508 per tonne, respectively. The downfall in LME aluminium prices followed the ease of supply...
LME aluminium price drops again to US$ 3583/t for Russian military immobilisation; SHFE falls at US$ 3569/t
LME aluminium opened at US$3,607 per tonne on Tuesday and closed at US$3,449 per tonne, down US$156 per tonne or 4.33 per cent. If compared with the records of the exact previous day, LME aluminium cash bid price stood at US$3,581 per tonne and LME aluminium official settlement price halted at...
LME aluminium on rise again settling at US$3606/t; SHFE taking off at US$3616/t
LME aluminium opened at US$3,616.5 per tonne on Monday and closed at US$3,605 per tonne, down US$20 per tonne or 0.55 per cent. LME aluminium cash bid price stood at US$3,604 per tonne and LME aluminium official settlement price halted at US$3,606, with a rise of 0.61 per cent and 0.64 per cent...
LME suffers first fall after five days of steep rise to US$3583/t; SHFE falls by 0.55% to rest at US$3599/t
LME aluminium opened at US$3,575 per tonne last Friday and closed at US$3,625 per tonne, an increase of US$55 per tonne or 1.54 per cent. If compared with the records of the exact previous day, LME aluminium cash bid price stood at US$3,582 per tonne and LME aluminium official settlement price...
Primary aluminium weekly recap: US, UK end their 4 year-long aluminium and steel tariff dispute; India’s domestic coal supply to aluminium smelters decline further
The world's primary aluminium segment witnessed a lot of sporadic but evident changes this week. On the market forefront, the benchmark aluminium SHFE price had been trending downward this week, except for a few infrequent rises. The LME aluminium benchmark price on Monday, March 21 had moved up by...
LME aluminium price grows through the week to US$3583/t on possible production disruption due to natural gas price hike; SHFE slips to US$3619/t
Australia’s ban on its alumina and aluminium ore exports to Rusal and Russia’s price hike on natural gas causing possible disruption in aluminium production have lifted the LME prices almost throughout the week. On Monday, March 21, LME aluminium cash bid price and LME aluminium official settlement...
