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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Primary Aluminium Weekly Recap: China’s A00 aluminium ingot price sees a 13-year high; Rusal appoints former Chalco trader Deng Gang
This week, the global aluminium industry is shook by the military coup in Guinea on September 5, which has impacted the raw material supply to the metal industry. As a result, the primary aluminium production is facing a disruption, causing an incessant hike in prices. Both the global aluminium...
LME aluminium price soars above US$2800/t; SHFE price settles higher at US$3,494/t
Three-month LME aluminium opened at US$2,795.5 per tonne on Thursday morning and hit a multi-year high of US$2,848 per tonne before closing at US$2,836 per tonne, an increase of US$45 per tonne or 1.61 percent. Trading volume was 19,006 lots, and open interest increased by 2,413 lots to 648,000...
LME aluminium price surged by US$34.5/t to reach at US$2775/t; SHFE price soared to US$3435/t
Three-month LME aluminium opened at US$2,765 per tonne on Wednesday morning and ranged between US$2,758-2,810 per tonne before closing at US$2,791 per tonne, an increase of US$23 per tonne or 0.83 per cent. Trading volume was 18,734 lots, and open interest decreased by 5,410 lots to 646,000 lots....
Hindalco Industries hikes its aluminium wire rod and billets prices by 2% in line with LME aluminium price rally
Hindalco Industries Limited continued to increase its aluminium products and aluminium ingot prices in line with LME aluminium benchmark price rally as an outcome of interrupted raw material supply due to military coup in Guinea. With effect from Tuesday, September 7, Hindalco’s aluminium wire rod...
LME aluminium price drops US$5/t to stand at US$2740.5/t; SHFE price closes higher at US$3371/t
Three-month LME aluminium rose 0.02 per cent to end at US$2,768 per tonne on last night, with open interest decreasing 49 lots to 651,000 lots. LME aluminium cash (bid) price and LME official settlement price dropped by US$5 per tonne on Tuesday, September 7, to come in at US$2,740 per tonne and...
NALCO sharply increases its aluminium ingot price by INR6400/t as LME aluminium price hit 10-year high yet again
A week after reducing the aluminium ingot price by INR 2,000 per tonne, National Aluminium Company Limited (NALCO) has sharply increased the price of its ingot with effect from Tuesday, September 7. Seeing a rise of INR 6,400 per tonne or 2.80 per cent on September 7, NALCO’s aluminium ingot price...
Guinea Coup drives LME aluminium benchmark price again to 10-year high at US$2745.5/t; SHFE price drops to US$3366/t
Three-month LME aluminium opened at US$2,737 per tonne on Monday morning and ranged between US$2,734-2,782 per tonne before closing at US$2,767.50 per tonne, an increase of US$34.50 per tonne or 1.26 per cent. Trading volume was 14,892 lots, and open interest increased by 5,202 lots to 651,000...
LME aluminium price rose slightly by US$1.50/t to US$2696/t; SHFE price soared by US$71/t to US$3373/t
Three-month LME aluminium opened at US$2,695 per tonne last Friday morning and ranged between US$2,678-2,733.50 per tonne before closing at US$2,733 per tonne, an increase of US$31.50 per tonne or 1.17 per cent. Trading volume was 14,757 lots, and open interest decreased by 11,112 lots to 646,000...
LME aluminium price opened this week at a 10-year high but closed lower at US$2696/t; SHFE price continued rising to US$3302/t
LME aluminium cash (bid) price and LME official settlement price reached a 10-year high this week at US$2,714 per tonne as of Tuesday, August 31. Due to a summer bank holiday, the LME market was closed on Monday and started the week on Tuesday. Next day, on September 1, both LME aluminium cash...
LME aluminium price gained 1% to reach at US$2694.5/t; SHFE price continued to increase to US$3302/t
LME aluminium benchmark price closed 1 per cent higher on Thursday, September 2. LME aluminium cash (bid) price and LME official settlement price increased by US$27 per tonne to stand at US$2,694.50 per tonne on Thursday, September 2, following a decline of US$46.50 per tonne on the previous day....
Hindalco Industries reduces aluminium ingot price by INR4,000/t as LME aluminium price descends from 10-year high
Hindalco Industries Limited has decreased its aluminium ingot and aluminium products prices with effect from Thursday, September 2, after increasing them for three consecutive times from August 24-28. From today, Hindalco is selling its aluminium ingot at INR 225,750 per tonne, down by INR 4,000...
LME aluminium price shrank by US$46.5/t to close at US$2667.5/t; SHFE price inched up by U$5/t
LME aluminium opened at US$2,710 per tonne on Wednesday morning and closed at US$2,693.50 per tonne, down by US$13 per tonne or 0.48 per cent. LME aluminium cash (bid) price and LME official settlement price plunged by US$46.50 per tonne to stand at US$2,667.50 per tonne on Wednesday, September 1,...
Top Chinese smelters assure to stabilise aluminium prices from new highs: CNIA
On Monday, August 30, the China Nonferrous Metals Industry Association (CNIA) held a meeting attended by the country’s top aluminium smelters to discuss the continuous surge in aluminium prices, both on the Shanghai Futures Exchange and the London Metal Exchange. Reaching at a 13-year high,...
LME aluminium price closed Tuesday trading up at US$2714/t; SHFE price slipped by US$13/t to US$3278/t
Three-month LME aluminium rose 1.98 per cent to end at US$ 2,706.50 per tonne on Tuesday, August 31. LME aluminium cash (bid) price and LME official settlement price opened the week on Tuesday, August 31, with a surge of US$ 40.50 per tonne to US$ 2,714 per tonne. On Monday, August 30, the LME...
LME aluminium closed for Summer Bank Holiday; SHFE aluminium surged 3.92%
The LME market was closed on Monday, August 30, for a summer bank holiday and will resume trading on Tuesday, August 31. As of Friday, August 27, LME aluminium cash (bid) price and LME official settlement price surged by 38.50 per tonne or 1.46 per cent to close at US$ 2,673.50 per tonne. 3-months...
LME aluminium price rose 1.46% to settle at US$2673.50/t; SHFE price continued to expand to US$3246/t
Three-month LME aluminium opened at US$ 2,622 per tonne last Friday morning, with the lowest and highest prices at US$ 2,618.50 per tonne and US$ 2,697 per tonne before closing up US$ 8 per tonne or 1.3 per cent. LME aluminium cash (bid) price and LME official settlement price surged by 38.50 per...
Primary Aluminium Weekly Recap: World primary aluminium production grows 3% M-o-M in July’21; EGA contemplating to float IPO in 2022
This week brought us a plethora of news from the global primary aluminium industry right from world primary aluminium production to Emirates Global Aluminium’s target of floating an IPO in 2022. According to a report on Monday based on the International Aluminium Institute’s data, world primary...
LME aluminium closed at US$2,620/t on Thursday; SHFE aluminium rose 1.1% in the overnight trading
LME aluminium opened at US$2,620 per tonne on Thursday morning, with the lowest and highest prices at US$2,593.5 per tonne and US$2,639 per tonne. The contract settled at US$2,620 per tonne. As of Thursday, August 26, LME aluminium cash (bid) price stands at US$ 2635 per tonne, LME official...
