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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Hindalco’s aluminium ingot price grows by INR9250/t following LME price surge on stringent production
Hindalco Industries’ aluminium ingot and aluminium products prices have continued witnessing hikes, in line with an incessant LME aluminium price surge, attributable to the anticipation of disrupted metal production due to natural gas price rise and supply scarcity. With effect from Friday, March...
LME aluminium price gallops further to US$3664/t on anticipating production disruption due to natural gas scarcity; SHFE slopes down to US$3619/t
LME aluminium opened at US$3,670per tonne on Thursday, March 24, and closed at US$3,570per tonne, down US$115 per tonne or 3.12 per cent. LME aluminium cash bid price stood at US$3,663 per tonne with a whooping rise of 2.95 per cent or US$105 per tonne and LME aluminium official settlement price...
LME aluminium price rises to US$3,560/t as Russia’s new natural gas supply policy may impact metal production; SHFE escalates at US$3,653/t
LME aluminium opened at US$3,417 per tonne on Wednesday, March 23, and closed at US$3,685 per tonne, an increase of US$179 per tonne or 5.12 per cent. LME aluminium cash bid price stood at US$3,558 per tonne with a rise of 0.22 per cent or US$8 per tonne and LME aluminium official settlement price...
LME records aluminium price hike to US$3,550.5/t as Australia’s export ban to Rusal underpins supply disruption; SHFE slips by US$11/t
LME aluminium opened at US$3,521 per tonne on Tuesday and closed at US$3,505 per tonne, a decrease of US$16.5 per tonne or 0.47 per cent. LME aluminium cash bid price rose to US$3,550 per tonne and LME aluminium official settlement price surged to US$3,550.50 per tonne, up by US$33 and US$32.50 per...
LME aluminium price again exceeds US$3500/t by gaining US$137.5/t; SHFE price falls after four successive rises
LME aluminium opened at US$3,417 per tonne on Monday and closed at US$3,522 per tonne, an increase of US$134 per tonne or 3.96 per cent. On Monday, March 21, LME aluminium cash bid price and LME aluminium official settlement price opened the week at US$3,517 per tonne and US$3,518 per tonne, up by...
LME aluminium benchmark price recovers to US$3380.5/t; SHFE grows 3% toUS$3637/t
Three-month LME aluminium opened at US$3,380 per tonne last Friday and closed at US$3,388 per tonne, an increase of US$5 per tonne or 0.15 per cent. On Friday, March 18, LME aluminium cash bid price and LME aluminium official settlement price recovered by US$92 per tonne and US$92.50 per tonne to...
Primary aluminium weekly recap: China’s A00 aluminium ingot price uptrends on improved buying sentiment, German companies support sanctions against Russia
This week continued to witness a downtrend in the global aluminium benchmark price, so much so that it stood month-on-month lower for a day. The LME aluminium price started the week at US$3,399 per tonne, reflecting a sharp downfall of US$73 per tonne from US$3,472 per tonne on March 11. The price...
Hindalco’s aluminium ingot price builds up by INR6750/t on March 17 as LME price rallies
After two consecutive days of cut this week, Hindalco Industries Limited increased its aluminium ingot and aluminium products prices on Thursday, March 17, relating to the recovery in LME aluminium benchmark price. Hindalco raised its aluminium ingot price by INR 6,750 per tonne to INR 288,500 per...
LME aluminium price drops by US$18/t to US$3,288/t; SHFE price continues to ascend by US$68/t
LME aluminium opened at US$3,250 per tonne on Thursday, touching the highest and lowest at US$3,409 per tonne and US$3,250 per tonne respectively, and closed at US$3,383 per tonne, up US$117.5 per tonne or 3.6%. Following a hike in price on Wednesday, March 16, both LME aluminium cash bid price and...
Hindalco’s aluminium wire rod & billets prices decline by INR15500/t in response to bearish LME price
In response to the sharp fall in LME aluminium benchmark price by US$181.50 per tonne on March 15, Hindalco Industries Limited has slashed its aluminium ingot and aluminium products prices, with effect from March 16. Hindalco’s aluminium wire rod price has experienced a cut of INR 15,500 per tonne...
LME aluminium price edges a hike of US$88.5/t after three consecutive days of decline; SHFE price expands to US$3472/t
LME aluminium opened at US$3,288 per tonne on Wednesday, March 16, and closed at US$3,265.50 per tonne, down by US$33.50 per tonne or 1.02 per cent. After the three consecutive days of decline from US$3,535 per tonne to US$3,217.50 per tonne, LME aluminium prices recorded a rise on Wednesday, March...
LME aluminium price drifts lower by US$181.5/t to US$3217.50/t; SHFE price steps up by US$14/t
LME aluminium opened at US$3,315 per tonne on Tuesday and closed at US$3,299 per tonne, down US$16 per tonne or 0.48%. As supply was interrupted by the increased Russia-Ukraine conflict, aluminium prices had reached a new high at around US$4,000 per tonne in early March. However, going by the...
Hindalco’s aluminium prices decline by INR5250/t on March 15; Ingot price comes in INR297250/t
Hindalco Industries Limited cuts its aluminium ingot and aluminium products prices for the third time in a row, with effect from Tuesday, March 15, as LME aluminium benchmark price slid further by US$73 per tonne on March 14. Hindalco has reduced its aluminium ingot price by INR 5,250 per tonne to...
LME aluminium price further declines to US$3399/t on anticipation of stock release; SHFE edges 1.36% lower
Three-month LME aluminium opened at US$3,497 per tonne on Monday, March 14, and closed at US$3,315 per tonne, down by US$165 per tonne or 4.74 per cent. On Monday, March 14, LME aluminium prices continued to decline for the second day in a row, based on the anticipation of stock release in the...
Hindalco’s aluminium wire rod price declines by INR4000/t on March 12 in response to LME price fall
Hindalco Industries Limited continued to reduce its aluminium products and aluminium ingot prices, with effect from Saturday, March 12, in response to LME aluminium price fall by US$63 per tonne on Friday, March 11. Hindalco cut its aluminium wire rod price by INR 4,000 per tonne to bring it to...
LME aluminium price dwindles by US$63/t to US$3,472/t; SHFE price dips by US$7/t
LME aluminium opened at US$3,400 per tonne last Friday and closed at US$3,480 per tonne, an increase of US$80 per tonne or 2.35%. On Friday, March 11, LME aluminium prices dropped after witnessing subsequent increases for the past few weeks owing to the ongoing Russia-Ukraine crisis. Both LME...
Primary aluminium weekly recap: NALCO’s aluminium ingot price sees 12% growth in line with LME aluminium new high; Lord Barker steps down as En+ Group chairman
Sanctions on Russia for its invasion of Ukraine, resulting in supply disruptions and metal price rally, has been occupying the news headlines in the global aluminium industry for over a week now. This week, the LME aluminium benchmark price touched a new high US$3,984.50 per tonne on March 7 but...
LME aluminium benchmark price touched new high this week before closing at US$3,472/t; SHFE fell behind LME at US$3455/t
LME aluminium cash bid price and LME aluminium official settlement price opened the week on March 7 with a new high, driven by metal supply disruptions due to increased international sanctions of Russia. Both the prices augmented by US$133.5 per tonne or 3.46 per cent to peg at US$3,983.50 per...
