Low inventory supports aluminium prices to consolidate at highs; Peak season recovery pace awaits verification
Futures: The most-traded SHFE aluminium contract opened at RMB 24,590 per tonne in the night session on September 9, reached a high of RMB 24,660 per tonne and a low of RMB 24,565 per tonne, and closed at RMB 24,650 per tonne, up RMB 90 per tonne or 0.37 per cent from the previous close. Futures...
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...
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LME aluminium price decreases by US$0.5/t to close at US$2,628/t; SHFE price moves up by US$22/t
The most-liquid SHFE 2201 aluminium contract increased RMB 90 per tonne to settle at RMB 18,630 per tonne in overnight trading. Three-month LME aluminium rose 1.38 percent to end at US$2,608.5 per tonne last night. Both LME aluminium cash (bid) price and LME aluminium official settlement price...
LME aluminium price descends by US$49.5/t to close at US$2,628.50/t; SHFE price plummets by US$98/t
Three-month LME aluminium opened at US$2,636.5 per tonne yesterday and closed at US$2,573 per tonne, a decrease of US$61.5 per tonne or 2.33 percent. On Tuesday, November16, LME aluminium cash (bid) price plunged down by US$50 per tonne or by 1.86 percent to stand at US$2,627.50 per tonne. LME...
LME aluminium price grows by US$2/t to stand at US$2,678/t; SHFE price decreases by US$46/t
LME aluminium fell US$62.5 per tonne or 2.32 percent to settle at US$2,634 per tonne with open interest rising 4,522 lots to 708,000 lots. Both LME aluminium cash (bid) price and LME aluminium official settlement price ascended by US$2 per tonne or by 0.07 percent to close at US$2,677.50 per tonne...
LME aluminium price ascends by US$30.5/t to stand at US$2,676/t; SHFE price descends by US$13
Three-month LME aluminium opened at US$2,663.5 per tonne last Friday and closed at US$2,697 per tonne, up US$40 per tonne or 1.51 percent. On Friday, November 12, LME aluminium cash (bid) price increased by US$30.5 per tonne or by 1.15 percent to stand at US$2,675.50 per tonne. LME aluminium...
LME aluminium price ends the week higher at US$2676/t; SHFE price surges by US$71/t to exceed US$3000/t
LME aluminium cash (bid) price and LME official settlement price opened this week on Monday, November 8, at US$2,530 per tonne and US$2,530.50 per tonne, respectively, growing by US$40 per tonne or 1.61 per cent from the previous day. On Tuesday, November 9, they grew further to settle at US$2,581...
LME aluminium price surges by US$91.5/t to close at US$2645.5/t; SHFE price exceeds US$3000/t
Three-month LME aluminium opened at US$2,575 per tonne on November 11 and closed at US$2,657 per tonne, an increase of US$79 per tonne or 3.06 per cent. On Thursday, November 11, LME aluminium cash (bid) price and LME official settlement price surged by US$92 per tonne and US$91.50 per tonne,...
LME aluminium price settles higher at US$2554/t; SHFE price grows by RMB28/t to US$2951/t
Three-month LME aluminium opened at US$2,563.50 per tonne on November 10 and closed at US$2,548 per tonne, an increase of 0.62 per cent. On Wednesday, November 10, LME aluminium cash (bid) price and LME official settlement price decreased by US$28 per tonne to settle at US$2,553 per tonne and...
LME aluminium price continues to grow to settle at US$2582/t; SHFE price shrinks by US$58/t to US$2923/t
Three-month LME aluminium opened at US$2,602.50 per tonne yesterday and closed at US$2,562 per tonne, a decrease of 1.46 per cent. On Tuesday, November 9, LME aluminium cash (bid) price grew by US$51 per tonne to come in at US$2,581 per tonne, while LME official settlement price increased by...
Hindalco Industries Limited sharply cuts its aluminium billets price by more than INR15000/t on November 9
Hindalco Industries Limited has sharply cut its aluminium products prices, with effect from Tuesday, November 9, following the last hike on November 4. Hindalco’s aluminium billets price has witnessed a slash of INR 15,500 per tonne or 6.29 per cent to INR 230,850 per tonne. On November 4, the...
LME aluminium price settles 1.61% higher at US$2530.50/t; SHFE price gains US$10/t to US$2981/t
Three-month LME aluminium contract rose 1.76 per cent to settle at US$2,600 per tonne on Monday, November 8. On Monday, November 8, LME aluminium cash (bid) price and LME official settlement price increased by US$40 per tonne or 1.61 percent to stand at US$2,530 per tonne and US$2,530.50 per tonne,...
LME aluminium descends by 5.76% to stand at US$2,490.50/t; SHFE price ascends by US$47
LME aluminium opened at US$2,558 per tonne last Friday morning and closed at US$2,555 per tonne. On Friday, November 5, LME aluminium cash (bid) price shrank by US$152.5 per tonne or by 5.77 percent to stand at US$2,490 per tonne. LME aluminium official settlement price also got reduced by US$152.5...
LME aluminium moves down by 2.32% to settle at US$2,643/t; SHFE benchmark price decreases by US$208
LME aluminium opened at US$2,680.5 per tonne on Thursday morning and closed at US$2,553.5per tonne, down US$132.5 per tonne or 4.93 percent. On Thursday, November 4, both LME aluminium cash (bid) price and LME aluminium official settlement price decreased by US$63 or by 2.32 percent to settle at...
Russia envisioned to unfasten tax on aluminium exports
The expectation is gradually peering through the clouds of Russia, that the govt. might remove the taxes on aluminium exports and foster global supplies due to the triggered inventory sell-off that has marked down the prices of the metal on the physical market in the US and in Europe. Following the...
LME aluminium price ascends by 0.97% to stand at US$2,706/t; SHFE benchamark price moves up by US$14/t
LME aluminium opened at US$2,682 per tonne on Wednesday morning and closed at US$2,686 per tonne, up US$6 per tonne or 0.22 percent. On Wednesday, November 3, LME aluminium cash (bid) price moved up by US$26.5 per tonne or by 0.98 percent to close at US$2,705.50 per tonne. LME aluminium official...
LME aluminium price falls 1.2% to settle at US$2680/t; SHFE benchmark price shrinks by US$38/t
LME aluminium opened at US$2,722 per tonne on Tuesday morning and closed at US$2,680 per tonne, down $39.50 per tonne or 1.45 per cent. On Monday, November 2, LME aluminium cash (bid) price shrank by US$ 33.50 per tonne or 1.24 per cent to stand at US$ 2,679 per tonne, while LME aluminium official...
Arconic reports 5% growth in revenue for 3Q2021 on higher LME aluminium price; Sales improve 5% to $1.9 billion
Arconic Corporation, an American industrial company specialized in lightweight metals engineering and manufacturing, has reported the third-quarter results of 2021, revealing a 34 per cent hike in sales year-on-year to $1.9 billion. On a quarter-on-quarter basis, it grew by only 5 per cent. Net...
LME aluminium ascends by 0.66% to US$2,713/t; SHFE price increases by US$12
Three-month LME aluminium opened at US$2,742 per tonne yesterday and closed at US$2,719.5 per tonne, down 0.51 percent. On Monday, November 1, LME aluminium cash (bid) price soars up by US$18 or by 0.66 percent to stand at US$2,712.50 per tonne. LME aluminium official settlement price also ascended...
Alba announces stellar performance for 3Q2021 - Profit improves to BD125.9 million as revenue grows 48%
Aluminium Bahrain B.S.C. (Alba), the world’s largest aluminium smelter ex-China, has announced the third quarter and nine months report of 2021, wherein it has mentioned a profit of BD125.9 million (US$335 million) for Q3 2021, versus a Loss of BD11.6 million (US$30.9 million) for the same period...
