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 inches by 0.03% to US$3,315/t; SHFE price surges by US$57/t
LME aluminium opened at US$3,265.5 per tonne on Monday and closed at US$3,290 per tonne, an increase of US$23.5 per tonne or 0.72%. On Monday, February 21, LME aluminium cash bid price remained the same as Friday, February 18, to close at US$3,313 per tonne. But, LME aluminium official settlement...
LME aluminium price soars up by US$20/t to US$3,314/t; SHFE price drops by US$17/t
LME aluminium opened at US$3,257 per tonne last Friday and closed at US$3,266.5 per tonne, an increase of US$8 per tonne or 0.25%. On Friday, February 18, LME aluminium cash bid price surged by US$21 per tonne or 0.63% to close at US$3,313 per tonne. On other hand, LME aluminium official settlement...
LME aluminium price surges by US$12/t to peg at US$3,294/t; SHFE price hikes by 0.16%
LME aluminium opened at US$3,250 per tonne on Thursday and closed at US$3,258 per tonne, an increase of US$8.5 per tonne or 0.26%. On Thursday, February 17, LME aluminium cash bid price hiked by US$12 per tonne or 0.36% to close at US$3,292 per tonne. On the other hand, LME aluminium official...
LME aluminium price regains US$59/t as tensions ease between Russia and US; SHFE price grows to US$3581/t
LME aluminium opened at US$3,191 per tonne on Wednesday, February 16, and closed at US$3,250 per tonne, an increase of US$56 per tonne or 1.75 per cent. LME aluminium cash (bid) price and LME aluminium official settlement price moved up by US$59 per tonne or 1.83 per cent to US$3,280 per tonne and...
Hindalco’s aluminium wire rod price rebounds to INR296,600/t with effect from February 15
Hindalco’s aluminium products prices rebounded on Tuesday, February 15, in line with the LME aluminium benchmark price hike on the previous day. Hindalco Industries Limited increased its aluminium wire rod price by INR 9,500 per tonne from INR 287,100 per tonne on February 12 to INR 296,600 per...
LME aluminium price slips by 2.51% to score at US$3,223/t; SHFE price drops by US$20/t
LME aluminium opened at US$3,223 per tonne on Tuesday and closed at US$3,194 per tonne, down US$34 per tonne or 1.05%. On Tuesday, February 15, LME aluminium cash (bid) price had slumped by US$84 per tonne or 2.54% to score at US$3,221 per tonne. LME aluminium official settlement price has also...
LME aluminium price hikes by 3.31% to peg at US$3,306/t; SHFE price ascends by US$11/t
LME aluminium opened at US$3,189.5 per tonne on Monday and closed at US$3,228 per tonne, an increase of $29 per tonne or 0.91%. On Monday, February 14, LME aluminium cash (bid) price had escalated by US$105.5 per tonne or by 3.29% to close at US$3,305 per tonne. For the same day, LME aluminium...
Hindalco sharply cuts its aluminium ingot price by INR7750/t as LME aluminium price slips by US$113/t
After three consecutive hikes from February 5 to February 11, Hindalco Industries Limited slashed its aluminium ingot and aluminium products prices, with effect from Saturday, February 12, in line with the LME aluminium price plunge. With the latest cut, Hindalco’s aluminium ingot price came in at...
LME aluminium benchmark price shrinks by US$113/t to close at US$3200/t; SHFE price settles lower at US$3555/t
LME aluminium opened at US$3,238 per tonne last Friday and ranged between US$3,108-3,240 per tonne before closing at US$3,199 per tonne, a decrease of US$39 per tonne or 1.2 per cent. On Friday, February 11, LME aluminium cash (bid) price slipped by US$112.50 per tonne to come in at US$3,199.50 per...
Commodity trading giant Trafigura alerts aluminium stockpiles to fade
The Singapore-based multinational commodity trading giant Trafigura Group Pte Ltd. has delivered a sheer caution for aluminium buyers that extensive dearth of one of the most universally used metals of the world witness to fade away of stockpiles by 2024. Aluminium is a heavily demanded metal after...
LME aluminium benchmark price hits 14-year high this week; SHFE price closes above US$3600/t
The LME aluminium benchmark price continued to trend up throughout the week from Monday, February 7, to Thursday, February 10, to reach a 14-year high. It started the week at US$3,148 per tonne, seeing a rise of US$61 per tonne or 1.98 per cent from the previous day. On Tuesday, February 8, the LME...
LME aluminium price surges by 65/t to score at US$3,313/t; SHFE price slips by 1.50%
After a jump in stocks raised the chance that supplies are not as tight as anticipated, aluminium prices dipped from their highest levels in more than 13 years on Thursday. On Thursday, February 10, LME aluminium cash (bid) price had increased by US$66 per tonne or by 2.03% to score at US$3,312per...
LME aluminium benchmark price inches up by US$3/t to US$3248/t; SHFE price soars by US$69/t
The LME aluminium benchmark price rose slightly on Wednesday, February 9, following four consecutive days of hike from US$3,043 per tonne to US$3,245 per tonne. On Wednesday, February 9, LME aluminium cash (bid) price inched up by US$2 per tonne, while LME aluminium official settlement price gained...
LME aluminium price hikes by 3.08% to score at US$3,245/t; SHFE price soars up by US$82/t
On Tuesday, February 8, LME aluminium cash (bid) price had gone up by US$96.5 per tonne or 3.06% to score at US$3,244 per tonne. For the same day, LME aluminium official settlement price also surged by US$97 per tonne or by 3.08% to peg at US$3,245 per tonne. 3-month bid price and 3-month offer...
LME aluminium benchmark price soars 2% to settle at US$3148/t; SHFE price exceeds US$3500/t level
Three-month LME aluminium opened at US$3,090 per tonne and rose 1.52 per cent to close at US$3,134 per tonne on Monday, January 7. On the same day, LME aluminium cash (bid) price and LME aluminium official settlement price soared up by US$61 per tonne or 1.98 per cent to settle at US$3,147.50 per...
Hindalco’s aluminium wire rod & billets prices grow by INR2000/t w.e.f. Feb. 5 in response to LME price increase
Hindalco Industries Limited increased its aluminium products and aluminium ingot prices on Saturday, February 5, in response to the LME aluminium price growth. With effect from February 5, Hindalco’s aluminium wire rod price witnessed a rise of INR 2,000 per tonne or 0.73 per cent from INR 273,850...
LME aluminium price moves up by US$28.5/t to close at US$3,087/t; SHFE price pegs at US$3,488/t
Three-month LME aluminium opened at US$3,035 per tonne last Friday, and closed at US$3,087 per tonne, up US$51 per tonne or 1.68%. On Friday, February 4, LME aluminium cash (bid) price soared up by US$28.5 per tonne or by 0.93% to close at US$3,086.50 per tonne. For the same day, LME aluminium...
LME aluminium benchmark price stands 0.51% higher at US$3058.5/t; SHFE is closed for CNY holiday
The LME aluminium benchmark price gained US$15.50 per tonne or 0.51 per cent on Thursday, February 3, following three consecutive days of fall from US$3,110 per tonne to US$3,043 per tonne. LME aluminium cash (bid) price and LME aluminium official settlement price settled at US$3,058 per tonne and...
