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 rose US$8/t to stand at US$2583.50/t; SHFE price gained US$26/t to US$3077/t
Three-month LME aluminium closed 0.94 per cent higher to stand at US$ 2,586.50 per tonne on Thursday, August 5. LME aluminium cash (bid) price and LME official settlement price rose by US$ 8 per tonne to stand at US$ 2,583.50 per tonne on Thursday, August 5. 3-months bid price and 3-months offer...
Three-month LME aluminium settled lower at US$2,562.5/t; SHFE aluminium down 0.3%
Three-month LME aluminium declined 1% to end at US$2,562.5 per tonne on Wednesday. As of Wednesday August 4, LME aluminium cash (bid) price stands at US$ 2575.50 per tonne, LME official settlement price stands at US$ 2575.50 per tonne; 3-months bid price stands at US$ 2580.50 per tonne, 3-months...
LME aluminium price closes lower at US$2595.50/t after four days of hike in a row; SHFE price drops by US$10/t
Three-month LME aluminium edged down 0.94 per cent to close at US$ 2,588.50 per tonne on Tuesday, with open interest losing 12,000 lots to 670,000 lots. LME aluminium cash (bid) price and LME official settlement price decreased by US$ 39.50 per tonne to stand at US$ 2,595.50 per tonne on Tuesday,...
Three-month LME aluminium closed higher at US$2,613/t; SHFE aluminium up slightly
Three-month LME aluminium inched up 0.6% to close at US$2,613 per tonne on Monday, 02 August 2021. As of Monday August 2, LME aluminium cash (bid) price stands at US$ 2635 per tonne, LME official settlement price stands at US$ 2635 per tonne; 3-months bid price stands at US$ 2628.50 per tonne,...
Alba achieves 665% higher profit YoY with highest-ever production of 773,887 tonnes during 2Q2021
Aluminium Bahrain B.S.C. (Alba), the world’s largest aluminium smelter outside China, has reported a year-on-year increase of 665 per cent in Profit to BD92.6 million (US$246.2 million) for the second quarter of 2021, in comparison with a Loss of BD16.4 million (US$43.6 million) during the same...
LME aluminium price soared US$67.50/t to close at US$2624/t; SHFE price inched down US$4/t
Three-month LME aluminium inched up 0.04 per cent to end at US$ 2,597.50 per tonne on Friday, with open interest increasing 5,575 lots to 676,000 lots, and is expected to trade between US$ 2,570-2,620 per tonne today. LME aluminium cash (bid) price and LME official settlement price soared by US$...
LME aluminium price surged by US$124.50/t this week to settle at US$2624/t; SHFE price grew 1.72% to US$3077/t
LME aluminium cash (bid) price and LME official settlement price trended up this week by US$ 124.50 per tonne, with one intermittent drop. Starting the week at US$ 7.50 per tonne higher at US$ 2,499.50 per tonne on Monday, July 26, both LME aluminium cash (bid) price and LME official settlement...
Vedanta continues to increase its aluminium product prices by INR3000/t in line with LME aluminium price rally
Vedanta Limited has continued to expand its aluminium ingot and aluminium product prices in line with the steady growth in the LME aluminium benchmark price. With effect from Friday, July 30, Vedanta's aluminium wire rod price has come in at INR 229,000-236,500 per tonne, up by INR 3,000 per tonne...
LME aluminium price closes 1.61% higher at US$2556.50/t; SHFE price grows to US$3077/t
Three-month LME aluminium closed 2.99 per cent higher at US$ 2,596.50 per tonne on Thursday, with open interest increasing 1,850 lots to 670,000 lots, and is expected to trade between US$ 2,550-2,600 per tonne today. LME aluminium cash (bid) price and LME official settlement price jumped by US$...
LME aluminium price exceeds US$2500/t by gaining US$18.50/t; SHFE price settles at 1.17% higher
Three-month LME aluminium closed 1.45 per cent higher at US$ 2,521 per tonne on Wednesday, with open interest decreasing 943 lots to 668,000 lots, and is expected to trade between US$ 2,500-2,550 per tonne today. LME aluminium cash (bid) price and LME official settlement price again exceeded US$...
LME aluminium price closes lower at US$2497.50/t; SHFE price plunges by US$52/t to US$2984/t
Three-month LME aluminium closed 0.78 per cent lower at US$ 2,485 per tonne on Tuesday, with open interest increasing 3,728 lots to 669,000 lots, and is expected to trade between US$ 2,470-2,530 per tonne today. LME aluminium cash (bid) price and LME official settlement price inched down by US$ 2...
LME aluminium price nears US$2500/t; SHFE price climbs by US$11/t to reach at US$ 3036/t
Three-month LME aluminium closed 0.16 per cent lower at US$ 2,504 per tonne in the overnight trading yesterday, with open interest decreasing 1,056 lots to 665,000 lots, and is expected to trade between US$ 2,470-2,530 per tonne. LME aluminium cash (bid) price and LME official settlement price...
Three-month LME aluminium closed the week higher at US$2,508.5/t; SHFE aluminium increased 1.31%
Three-month LME aluminium rose 1.74% to close at US$2,508.5 per tonne in the overnight trading of last Friday. As of Friday July 23, LME aluminium cash (bid) price stands at US$ 2492per tonne, LME official settlement price stands at US$ 2492 per tonne; 3-months bid price stands at US$ 2504 per...
Primary Aluminium Weekly Recap: LME aluminium price trended up this week to US$2449/t; South32 reported a 3% Q-o-Q rise in aluminium production in 4QFY21
The world primary aluminium market has been eventful this week right from reporting a hike in the LME aluminium benchmark price to marking five successful decades of the Gulf Aluminium Industry. Both LME aluminium cash (bid) price and LME official settlement price increased this week starting at...
LME aluminium price grows for the second day in a row to US$2449/t; SHFE price gains US$32/t to US$2985/t
Three-month LME aluminium rose 0.33 per cent to close at US$ 2,465.50 per tonne on Thursday, July 22. LME aluminium cash (bid) price and LME official settlement price increased for the second day in a row by US$ 17 per tonne to come in at US$ 2,449 per tonne on Thursday, July 22. 3-months bid price...
Three-month LME aluminium closed 0.39% higher on Wednesday; SHFE aluminium contract shed 1.59%
Three-month LME aluminium rose 0.39% to close at US$2,457.5 per tonne on Wednesday. As of Wednesday July 21, LME aluminium cash (bid) price stands at US$ 2432 per tonne, LME official settlement price stands at US$ 2432 per tonne; 3-months bid price stands at US$ 2449 per tonne, 3-months offer price...
LME aluminium price grows marginally to US$2424.50/t; SHFE price edges 0.72% higher at US$2952/t
Three-month LME aluminium rose 1.16 per cent to close at US$ 2,448 per tonne on Tuesday. LME aluminium cash (bid) price and LME official settlement price inched down marginally by US$ 0.50 per tonne to stand at US$ 2,424.50 per tonne on Tuesday, July 20. 3-months bid price and 3-months offer price...
London Metal Exchange adds six new cash-settled futures contracts, including aluminium scrap
The London Metal Exchange (LME) has announced the launch of a six new cash-settled futures contracts. The new cash-settled futures include lithium hydroxide, two regional steel scrap contracts, European HRC, aluminium scrap, and a duty paid European aluminium premium contract. Georgina Hallett, LME...
