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 descends by 0.95% to US$2,695/t; SHFE price decreases by US$40
LME aluminium opened at US$2,749 per tonne last Friday morning and closed at US$2,733.5 per tonne, down US$14.5 per tonne or 0.53 percent. Both LME aluminium cash (bid) price and LME aluminium official settlement price decreased by US$26 or by 0.95 percent to total at US$2,694.50 per tonne and...
LME aluminium price losses US$222/t this week to close at US$2695/t; SHFE price shrinks to US$3184/t
LME aluminium benchmark price shrunk by US$222 per tonne throughout the week ended October 29, 2021. LME aluminium cash (bid) price and LME official settlement price started the week on Monday, October 25, at US$2,916.50 per tonne and US$2,917 per tonne. They both plunged on October 26 for the...
Hydro’s primary aluminium production in 3Q2021 grows 2% to 573,000 tonnes; EBITDA from primary aluminium totals NOK4,263 million
Hydro has announced in its 3Q2021 results that it produced 573,000 tonnes of primary aluminium in the said period. That was up by 2 per cent from 561,000 tonnes in Q2 2021 and 10 per cent higher than 522,000 tonnes in Q3 2020. Backed on the increase in production and surge in LME aluminium price,...
LME aluminium increases by 0.62% to US$2,721/t; SHFE price ascends by US$124
On Thursday, October 28, both LME aluminium cash (bid) price and LME aluminium official settlement moved up by US$17 or by 0.62 percent to close at US$2,720.50 per tonne and US$2,721 per tonne respectively. 3-month bid price and 3-month offer price ascended to US$2,732 per tonne and US$2,733 per...
NALCO continues to slash its aluminium ingot price by INR19100/t in line with M-o-M downfall of LME aluminium price
National Aluminium Company Limited (NALCO) has yet again cut its aluminium ingot price significantly, with effect from Thursday, October 28. In tandem with the incessant decline in LME aluminium benchmark price, NALCO has reduced its ingot price by INR 19,100 per tonne from INR 253,350-256,850 per...
LME aluminium price records a sharp fall of US$127/t to US$2704/t; SHFE price plunges by US$184/t
Three-month LME aluminium opened at US$2,835 per tonne on Wednesday morning and closed at US$2,665.50 per tonne, down US$166.50 per tonne or 5.88 per cent. LME aluminium cash (bid) price and LME aluminium official settlement price have recorded a sharp fall of US$127 per tonne to stand at...
Hindalco sharply cuts its aluminium billets price by INR6500/t in tandem with sixth consecutive fall of LME aluminium price
On Wednesday, October 27, Hindalco Industries Limited has slashed its aluminium products prices, in line with the sixth consecutive day of LME aluminium price fall. The company has reduced its aluminium billets price by INR 6,500 per tonne to INR 258,350 per tonne. On the previous day, the price...
LME aluminium price nosedives by US$86/t to stand at US$2831/t; SHFE price declines by US$37/t
Three-month LME aluminium opened at US$2,893 per tonne on Tuesday morning and closed at US$2,832 per tonne, down US$64.50 per tonne or 2.23 per cent. LME aluminium cash (bid) price and LME aluminium official settlement price plunged for the sixth day in a row by US$86 per tonne to stand at...
LME aluminium price decreases by 0.98% to US$2,917/t; SHFE price moves down by US$127
Three-month LME aluminium rose 0.75 percent to end at US$2,896.5 per tonne on Monday. On Monday, October 25, both LME aluminium cash (bid) price and LME aluminium official settlement price descended by US$29 or by 0.98 percent to total at US$2916.5 per tonne and US$2,917 per tonne. SHFE Aluminium...
LME aluminium price decreased by 2.25% to US$2,946/t; SHFE price descends by US$30
LME aluminium opened at US$2,912.5 per tonne last Friday morning and closed at US$2,875 per tonne, down US$28 per tonne or 0.96 percent. LME aluminium cash (bid) price moved down by US$67.5 or by 2.24 percent to close at US$2,945.50 per tonne. LME aluminium official settlement price descended by...
LME aluminium price descends by 1.66% to US$3,014/t; SHFE price drops by US$215
LME aluminium opened at US$3,093.5 per tonne on Thursday morning and closed at US$2,903 per tonne, down US$194 per tonne or 6.26 percent. LME aluminium cash (bid) price decreased by US$51.5 or by 1.68 percent to settle at US$3,013 per tonne. LME aluminium official settlement price also moved down...
LME aluminium price decreases by 3.49% to close at US$3,064.50/t; SHFE price moves down by US$13
Three-month LME aluminium closed at US$3,097 per tonne, down 0.19 percent or US$6 per tonne. On Wednesday, October 20, both LME aluminium cash (bid) price and LME aluminium official settlement price moved down by US$111 or by 3.49 percent to total at US$3,064.50 per tonne and US$3,065 per tonne....
LME aluminium price descends by 0.12% to US$3,176/t; SHFE price decreases by US$125
Three-month LME aluminium closed at US$3,170 per tonne, down 0.16 percent. LME aluminium cash (bid) price descended by US$3.5 or by 0.11 percent to close at US$3,175.50 per tonne. LME aluminium official settlement price decreased by US$4 or by 0.12 percent to total at US$3,176 per tonne. 3-month...
Hindalco’s aluminium billets price further gains INR2500/t to stand at INR287600/t on October 19
Hindalco Industries Limited has continued to increase its aluminium products prices, in line with the continuous rise in LME aluminium benchmark price. With effect from Tuesday, October 19, Hindalco’s aluminium billets price stood at INR 287,600 per tonne, up by INR 2,500 per tonne from INR 285,100...
LME aluminium price ascends by 0.53% to US$3,180/t; SHFE price increases by US$54
Three-month LME aluminium closed at US$3,170 per tonne, down 0.16 percent. On Monday, October 18, both LME aluminium cash (bid) price and LME aluminium official settlement price increased by US$17 or by 0.53 percent to settle at US$3,179 per tonne and US$3,180 per tonne. 3-month bid price and...
NALCO’s aluminium ingot price sees a surge of INR24300/t or 10% W-o-W in line with a new leap of LME aluminium price
National Aluminium Company Limited has significantly increased its aluminium ingot and aluminium products prices, in line with a new leap of LME aluminium benchmark price. With effect from Friday, October 15, NALCO’s aluminium ingot price came in at INR 271,850-275,350 per tonne, up by INR 24,300...
Hindalco’s aluminium wire rod price soars by INR5750/t to be sold at INR285,600/t w.e.f. October 18
Hindalco Industries Limited has sharply increased its aluminium products prices with effect from Friday, October 15. The company’s aluminium wire rod price has seen a surge of INR 5,750 per tonne to come in at INR 285,600 per tonne. On October 14, the price stood at INR 279,850 per tonne, up by INR...
LME aluminium price increases by 0.34% to US$3,163/t; SHFE price surges by US$80
Three-month LME aluminium opened at US$3,127 per tonne last Friday and closed at US$3,175 per tonne, up 1.15 percent. LME aluminium cash (bid) price moved up by US$10.5 or by 0.33 percent to score at US$3,162 per tonne. LME aluminium official settlement price for the same day ascended by US$11 or...
