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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Primarily Aluminium Weekly: Global power crisis spins aluminium prices to cross $3,000 per tonne; Nalco shares boost 7% following Rakesh Jhunjhunwala 1.36% stake disclosure
On 11th October 2021, the London Metal Exchange witnessed the surge of aluminium price as it crossed the $3000 per tonne mark, the highest since July 2008. The mounting pressure on the aluminium sector indicated, as the global metals world prepared to gather in London for the annual LME Week....
LME aluminium price closes at a new milestone this week at US$3163/t; SHFE price settles at US$3657/t
The LME aluminium benchmark price opened the week on Monday, October 11, at a new milestone of US$3,020 per tonne, a sharp increase of US$118 per tonne from the previous day. The price continued to grow throughout the week to end at US$3,163 per tonne on Friday, October 15. During October 12-14,...
LME aluminium price ascends by 2.47% to US$3,152/t; SHFE price increases by US$54
Three-month LME aluminium opened at US$3,055 per tonne on Thursday morning and ranged between US$3,028-3,174 per tonne before closing at US$3,139 per tonne, up US$84 per tonne or 2.75 percent. On Thursday, October 14, LME aluminium cash (bid) price climbed up by US$76.5 or by 2.48 percent to settle...
Aluminium varieties price remains stable despite power rationing
The coup in Guinea, a country rich in bauxite, in early September sparked market fears about a shortage of raw materials. Due to the dual control of energy use and the steep rise in coal costs, coupled with power rationing measures, the domestic power supply is tightening. The most actively traded...
LME aluminium price soars up by 0.78% to US$3,076/t; SHFE price moves down by US$66
Three-month LME aluminium opened at US$3,040 per tonne on Wednesday morning and ranged between US$2,996-3,118.5 per tonne before closing at US$3,055 per tonne a drop of US$11 per tonne or 0.36 percent. On Wednesday, October 13, LME aluminium cash (bid) price ascended by US$24 or by 0.78 percent to...
LME aluminium price moves up by 1.05% to US$3,052/t; SHFE price increases by US$58
Three-month LME aluminium rose 0.79 percent to end at US$3,066 per tonne last night. On Tuesday, October 12, both LME aluminium cash (bid) price and LME aluminium official settlement price increased by US$32 or by 1.05 percent to settle at US$3,051 per tonne and US$3,052 per tonne. 3-month bid...
LME partners with Metalshub to develop digital metals spot market aiming ‘Green’ Aluminum
On Monday, October 11, the London Metal Exchange (LME), announced that they are planning to establish a digital base metal spot market which will focus on the trading of ‘green’ aluminum. For this initiative, LME will be partnering with a German digital metals trading platform called Metalshub. The...
LME aluminium price touches milestone at US$3,020/t; SHFE price surges by US$35
Three-month LME aluminium opened at US$2,958.5 per tonne yesterday and closed at US$3,042 per tonne, up 2.79 percent. On Monday, October 11, LME aluminium cash (bid) price moved up US$117.5 or by 4.04 percent to record at US$3,019 per tonne. LME aluminium official settlement price soared up by...
Global power crisis spins aluminium prices to cross $3,000 per tonne
The high power-intensive produced metal aluminium escalated to new heights since 2008, as the global power distress plunges the metal supplies utilized for the manufacturing of beverage cans to world-class mobile phones. The metal aluminium consumes around 14-megawatt hours of power for one-tonne...
LME aluminium price moves down by 0.48% to US$2,902/t; SHFE price increases by US$14
Three-month LME aluminium opened at US$2,943 per tonne last Friday and closed at US$2,959 per tonne, up 0.59 percent. Both LME aluminium cash (bid) price and LME official settlement price reduced by US$14 or by 0.48 percent to settle at US$2,901.50 per tonne and US$2,902 per tonne. 3-month bid...
LME aluminium price increases by 1.25% to US$2,916/t; SHFE market resumes at US$3,562/t after a week long holiday
Three-month LME aluminium opened at US$2,900 per tonne yesterday and closed at US$2,942 per tonne, up US$45 per tonne or 1.55 percent. LME aluminium cash (bid) price increased by US$36.5 or by 1.26 percent to score at US$2,915.50 per tonne. LME aluminium official settlement price surged by US$36 or...
Hong Leong anticipates rosy earnings prospects for Press Metal Aluminium in FY2022-23, bullish LME price to contribute majorly
Hong Leong Investment Bank Bhd (HLIB) has shown confidence about Press Metal Aluminium Bhd’s earnings prospects in the next 12-18 months. The bank anticipates that the Malaysia aluminium extrusion manufacturer and traders’ earnings to be buoyed by the bullish LME aluminium benchmark price trend...
LME aluminium decreases by 0.50% to US$2,880/t; SHFE market is closed for the National Day holiday
LME aluminium benchmark price surged 0.51 percent on Wednesday, October 6. LME aluminium cash (bid) price reduced by US$15 to settle at US$2,879 per tonne. LME aluminium official settlement price lowered by US$14.5 or by 0.50 percent to close at US$2,880 per tonne. 3-month bid price and 3-month...
LME aluminium elevates by 0.19% to US$2,894.50; SHFE market is closed for the National Day holiday
LME aluminium cash (bid) price increased by US$6 or by 0.20 percent to settle at US$2,894 per tonne. LME aluminium official settlement price surged by US$5.5 or by 0.19 percent to close at US$2,894.50 per tonne. 3-month bid price and 3-month offer price settled at US$2,911 per tonne and US$2,912...
LME aluminium surged by 0.83% to US$2,889/t; SHFE market is closed for the National Day holiday
LME aluminium benchmark price increased by 0.83 percent on Monday, October 4. Both LME aluminium cash (bid) price and LME aluminium official settlement price elevated by US$24 or by 0.83 percent to close at US$2,888 per tonne and US$2,889 per tonne. 3-month bid price and 3-month offer price closed...
LME aluminium price increases by 0.49% to US$2,865/t; SHFE market is closed for the National Day holiday
LME aluminium benchmark price soared up by 0.47 percent on Friday, October 1. LME aluminium cash (bid) price elevated by US$13.5 to settle at US$2,864 per tonne. The LME official settlement price notched up by US$14 or by 0.49 percent to score at US$2,865 per tonne. 3-month bid price and 3-month...
LME aluminium plunges by 2.12% to US$2,851/t; SHFE market is closed for the National Day holiday
LME aluminium benchmark price edged 2.12 percent lower on Thursday, September 30. Both LME aluminium cash (bid) price and official settlement fell down by US$62 to close at US$2,850.50 per tonne and US$2,851 per tonne, respectively. 3-month bid price and 3-month offer price closed at US$2,866 per...
LME aluminium price grows by 0.48% to US$2,913/t; SHFE price steps down by US$30
Three-month LME aluminium opened at US$2,937 per tonne yesterday and closed at US$2,913 per tonne, down by US$19 per tonne or 0.65 percent. On Wednesday September 29, LME aluminium cash (bid) price climbed up by US$14 or 0.48 percent to reach at US$2,912.50 per tonne. LME aluminium official...
