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...
Grow with
AL Circle
LME aluminium price dipped US$1/t to close at US$2647.50/t; SHFE price settled lower at US$3168/t
Three-month LME aluminium rose 0.61 per cent to end at US$ 2,620 per tonne on Wednesday, August 25. LME aluminium cash (bid) price and LME official settlement price dipped slightly by US$ 1 per tonne to come in at US$ 2,647.50 per tonne on Wednesday, August 25. But 3-months bid price and 3-months...
Malaysian aluminium giant ‘Press Metal’ to enhance production capacity in 2H 2021
The world-class aluminium producer, Press Metal Aluminium Holdings Bhd of Malaysia could take the advantage of the rising LME aluminium spot prices in 4Q, provided that its Samalaju Phase 3 facility is anticipated to be just weeks away from being fully operational. RHB Research pointed: “Samalaju...
Three-month LME aluminium settled 0.39% higher at US$2,604/t, SHFE aluminium edged up 0.20%
Three-month LME aluminium opened at US$2,592 per tonne on Tuesday morning. The price closed US$10 per tonne or 0.39% higher at US$2,604 per tonne. As of Tuesday, August 24, LME aluminium cash (bid) price stands at US$ 2648.50 per tonne, LME official settlement price stands at US$ 2648.50 per tonne;...
LME aluminium price rose 1.56% to reach at US$2609/t; SHFE price settled higher at US$3139/t
LME aluminium benchmark price closed higher for the second consecutive day by US$ 40 per tonne or 1.56 per cent on Monday, August 23. LME aluminium cash (bid) price and LME official settlement price continued to rise for the second day in a row to reach at US$ 2,609 per tonne on Monday, August 23....
Three-month LME aluminium closed higher at US$2,555/t last Friday; SHFE aluminium added 0.73%
Three-month LME aluminium opened at US$2,544.5 per tonne last Friday morning. The price settled at US$2,555 per tonne, an increase of US$8 per tonne or 0.31%. As of Friday, August 20, LME aluminium cash (bid) price stands at US$ 2569 per tonne, LME official settlement price stands at US$ 2569 per...
LME aluminium price trended down this week by US$75/t to US$2569/t; SHFE price shrank 2% to US$3071/t
LME aluminium cash (bid) price and LME official settlement price recorded a downtrend this week by US$ 75 per tonne. The prices started the week on Monday, August 16, with a surge of US$ 41.50 per tonne to US$ 2,644 per tonne but decreased on the subsequent day, August 17, by US$ 10 per tonne to...
LME aluminium price plunged by US$45.50/t to close at US$2544/t; SHFE price settled lower at US$3071/t
Three-month LME aluminium edged down by 0.74 per cent to settle at US$ 2,544 per tonne on Thursday, August 19. LME aluminium cash (bid) price and LME official settlement price continued to decrease for the third day in a row by US$ 45.50 per tonne or 1.76 per cent to come in at US$ 2,544 per tonne...
Three-month LME aluminium closed lower at US$2,563/t; SHFE aluminium edged down by 1.11%
Three-month LME aluminium edged down 0.50% to close at US$2,563 per tonne on Wednesday, with open interest losing 15,874 lots to 653,000 lots. As of Wednesday August 18, LME aluminium cash (bid) price stands at US$ 2589.50 per tonne, LME official settlement price stands at US$ 2589.50 per tonne;...
LME aluminium price edged 0.41% lower at US$2633/t; SHFE price closed up at US$3136/t
Three-month LME aluminium shed 1.09 per cent to end at US$ 2,576 per tonne on Tuesday. LME aluminium cash (bid) price and LME official settlement price decreased by US$ 10 per tonne or 0.41 per cent to come at US$ 2,633 per tonne on Tuesday, August 17. 3-months bid price and 3-months offer price...
Three-month LME aluminium price slashed to US$2,604.5/t; SHFE slightly up by 0.40% in overnight trading
Three-month LME aluminium dropped 0.25% to close at US$2,604.5 per tonne on Monday. As of Monday August 16, LME aluminium cash (bid) price stands at US$ 2644 per tonne, LME official settlement price stands at US$ 2644 per tonne; 3-months bid price stands at US$ 2626 per tonne, 3-months offer price...
Three-month LME aluminium closed higher at US$2577.50/t; SHFE price rose to US$3133/t
Three-month LME aluminium rose 1.40 per cent to close at US$ 2,577.50 per tonne in the overnight trading of last Friday, and is expected to trade between US$ 2,540-2,620 per tonne today. LME aluminium cash (bid) price and LME official settlement price inched up marginally by US$ 0.50 per tonne to...
LME aluminium price gains US$24/t to stand above US$2600/t; SHFE price continues to decline to US$3090/t
Three-month LME aluminium increased 0.21 per cent to end at US$ 2,580.50 per tonne on Thursday, August 12. LME aluminium cash (bid) price and LME official settlement price built-up US$ 24 per tonne to stand at US$ 2,602 per tonne on Thursday, August 12, following a dip of US$ 1 per tonne in the...
LME aluminium price inches down to US$2578/t; SHFE price slips by US$9/t to US$3103/t
Three-month LME aluminium dipped 0.04 per cent to end at US$ 2,585 per tonne on Wednesday, August 11. LME aluminium cash (bid) price and LME official settlement price dipped slightly by US$ 1 per tonne to stand at US$ 2,578 per tonne on Wednesday, August 11, following a hike of US$ 32 per tonne in...
Three-month LME aluminium closed higher at US$2,586/t; SHFE aluminium inched up
Three-month LME aluminium increased 1.25% to end at US$2,586 per tonne on Tuesday. As of Tuesday August 10, LME aluminium cash (bid) price stands at US$ 2579 per tonne, LME official settlement price stands at US$ 2579 per tonne; 3-months bid price stands at US$ 2585 per tonne, 3-months offer price...
Vedanta’s aluminium wire rod price sees a sharp decline of INR5500/t on August 10
Vedanta Limited has sharply reduced its aluminium product prices with effect from Tuesday, August 10, in tandem with the plunge in LME aluminium benchmark price on August 9. Vedanta’s aluminium wire rod price has seen a cut of INR 5,500 per tonne or 2.30 per cent on Tuesday and standing at INR...
LME aluminium price closed US$71.50/t lower at US$2547/t; SHFE price decreased to US$3064/t
Three-month LME aluminium dropped 1.14 per cent to end at US$ 2,554 per tonne last night. LME aluminium cash (bid) price and LME official settlement price plunged by US$ 71.50 per tonne on Monday, August 9, to stand at US$ 2,547 per tonne, following an increase in the previous day from US$ 2,583.50...
Press Metal’s earnings to escalate in Q2, driven by higher aluminium price: RHB Investment Bank Bhd
The Malaysian aluminium producer, PRESS Metal Aluminium Holdings Bhd’s Q2 2021 earnings are estimated to escalate 30%-40% to RM265-RM285 million, which is triggered by a higher London Metal Exchange (LME) spot average of $2,400 per tonne and enhanced smelting output. One of the most recognised...
Three-month LME aluminium slightly dropped to US$2,583.5/t; SHFE aluminium inched up 1.07%
Three-month LME aluminium dropped 0.12% to end at US$2,583.5 per tonne last Friday. As of Friday August 6, LME aluminium cash (bid) price stands at US$ 2618.50 per tonne, LME official settlement price stands at US$ 2618.50 per tonne; 3-months bid price stands at US$ 2621.50 per tonne, 3-months...
