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 grows slightly by US$3/t to US$3535/t; SHFE price outperforms LME standing at US$3455/t
Three-month LME aluminium opened at US$3,302 per tonne on Thursday, March 10, and hit a high and low of US$3,557.5 per tonne and US$3,302 per tonne, respectively, before closing at US$3,400 per tonne. A low level of inventory across the globe amid tight demand-supply situation due to geopolitical...
LME aluminium price marches ahead by US$31.5 per tonne to US$3,532; SHFE price falls by US$101/t
LME aluminium opened at US$3,680 per tonne on Wednesday and hit a high and low of US$3,680 per tonne and US$3,300 per tonne respectively before closing at US$3,301 per tonne, a drop of US$380 per tonne or 10.32%. Following a plunge in the price of aluminium on Tuesday, LME aluminium benchmark price...
Hindalco Industries sharply cuts its aluminium ingot price by INR40500/t as LME price plummets by US$484/t
Hindalco Industries Limited has slashed its aluminium ingot and aluminium products prices, with effect from Wednesday, March 9, in response to LME aluminium price plunge after a week of unabated growth. Hindalco has axed its aluminium ingot price by INR 40,500 per tonne or 11.66 per cent to INR...
LME aluminium price nosedives to US$3500.50/t after a week of unabated growth; SHFE price declines to US$3497/t
Three-month LME aluminium opened at US$3,740 per tonne on Tuesday, March 8, and hit a high of US$3,900 per tonne before closing at US$3,681 per tonne, a drop of US$59 per tonne or 1.58 per cent. After an uninterrupted rise through the week nearing US$4000 per tonne, LME aluminium cash bid price and...
Hindalco’s aluminium wire rod & billets prices witness a rise of INR14750/t as LME price nears US$4000/t
Hindalco Industries Limited has continued to hike its aluminium products and aluminium ingot prices, with effect from Tuesday, March 8, in line with the rally of LME aluminium price close to US$4,000 per tonne. Aluminium wire rod selling price of the company has seen a raise of INR 14,750 per tonne...
LME aluminium opens the week with a growth of US$133.5/t to US$3,984.50/t; SHFE price declines by US$180/t
LME aluminium opened at US$3,876 per tonne on Monday and hit a high of US$4,073.5 per tonne before closing at US$3,740 per tonne, a drop of US$100.5 per tonne or 2.62%. Supply disruptions due to increased sanctions on Russia have caused the LME aluminium cash bid price and LME aluminium official...
Supply disruption fear continues to lift LME aluminium price exponentially to US$3851/t; SHFE price underperforms LME at US$3774/t
Three-month LME aluminium opened at US$3,765 per tonne last Friday and hit a high of US$3,867 per tonne before closing at US$3,840.50 per tonne, an increase of $74 per tonne or 1.96 per cent. On Friday, March 4, LME aluminium benchmark prices continued to rise exponentially to exceed US$3,800 per...
LME aluminium hits all-time high at US$3728.50/t amidst supply woes; SHFE price descends by US$6/t
LME aluminium opened at US$3,575.5 per tonne on Thursday and closed at US$3,766.5 per tonne, an increase of US$190.5 per tonne or 5.33%. On Thursday, March 3, LME aluminium prices recorded their greatest weekly rise, as supply disruption worries intensified among new sanctions against Russia. Both...
LME aluminium price spurts to a fresh high at $3605/t on fear of logistical challenges; SHFE price mounts to $3740/t
Three-month LME aluminium opened at US$3,487 per tonne on Wednesday, March 2, and closed at US$3,576 per tonne, an increase of US$90 per tonne or 2.58 per cent. Much to the anticipation of market analysts, including Alcoa’s chief financial officer Willian Oplinger, LME aluminium prices jumped to a...
Russia-Ukraine conflict keeps LME aluminium price on a structural uptrend at US$3,495.50/t; SHFE price surges by US$46/t
LME aluminium opened at US$3,390 per tonne yesterday and closed at US$3,486 per tonne, an increase of US$91 per tonne or 2.68%. LME aluminium benchmark prices have been on a structural uptrend due to the Russia-Ukraine conflict. On Tuesday, March 1, LME aluminium cash bid price expanded by US$47...
Hindalco’s aluminium ingot price rallies to INR297000/t in line with new global price high driven by sanctions on Russia
Hindalco Industries Limited has hiked its aluminium ingot and aluminium products prices, with effect from Tuesday, March 1, in response to LME aluminium benchmark price surge to a new high owing to more sanctions imposed on major producer Russia over the weekend, heightening supply disruptions....
Sanctions on Russia lift LME aluminium price to another record high at $3450/t; SHFE price slips by $8/t
Three-month LME aluminium opened at US$3,407 per tonne on Monday, February 28, and closed at US$3,395 per tonne, an increase of US$15 per tonne or 0.44 per cent. LME aluminium benchmark prices grew another record high after Western nations unveiled more sanctions on major producer Russia in...
LME aluminium price reflects 4.64% fall to peg at US$3,355.50/t; SHFE price dips by US$11/t
LME aluminium opened at US$3,376 per tonne last Friday and closed at U$3,380 per tonne, an increase of US$15 per tonne or 0.45%. On Friday, February 25, LME aluminium cash bid price recorded a fall of US$163.5 or 4.64% to total at US$3,354.50 per tonne. For the same day, LME aluminium official...
LME aluminium benchmark price rallies to 13-year high this week before closing at US$3355/t; SHFE price settles at US$3607/t
The LME aluminium benchmark price rallied to a 13-year high this week, driven by the Ukraine-Russia conflict fuelling reduced metal supply concerns. After starting the week on Monday, February 21, at US$3,313 per tonne and US$3,315 per tonne, LME aluminium cash bid price and LME aluminium official...
NALCO’s aluminium ingot selling price inflates by INR20,000/t on worldwide supply woes
National Aluminium Company Limited has continued to increase its aluminium ingot and aluminium products prices for the third time in a row since February 9. With effect from Friday, February 25, NALCO’s aluminium ingot price has witnessed a surge of INR 20,000 per tonne or 7 per cent for the first...
LME aluminium price hits new high at US$3519/t driven by Ukraine-Russia conflict; SHFE price gains US$13/t to US$3607/t
LME aluminium opened at US$3,288 per tonne on Thursday and closed at US$3,365 per tonne, an increase of US$71 per tonne or 2.16 per cent. On Thursday, February 24, LME aluminium prices jumped to a record high since 2008, driven by reduced metal supplies concerns due to Ukraine-Russia conflict....
LME aluminium price dips by US$96.5/t to record at US$3,323.50/t; SHFE price slips by US$17/t
Three-month LME aluminium opened at US$3,305 per tonne on Wednesday morning in European trading hours, and lost US$9 per tonne or 0.27% to close at US$3,294 per tonne. On Wednesday, February 23, LME aluminium cash bid price slipped by US$96 per tonne or 2.80% to peg at US$3,323 per tonne. For the...
LME aluminium price escalates by US$105/t to peg at US$3,420/t; SHFE price slips by US$16/t
Three-month LME aluminium opened at US$3,285 per tonne on Tuesday morning, and gained US$13 per tonne or 0.4% to close at US$3,303 per tonne. On Tuesday, February 22, LME aluminium cash bid price had escalated by US$106 per tonne or by 3.19% to settle at US$3,419 per tonne. LME aluminium official...
