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
Three-month LME aluminium opened the week lower at US$2,420/t; SHFE aluminium dropped 1.13%
Three-month LME aluminium fell 2.77% to close at US$2,420 per tonne on Monday, 19 July 2021. As of Thursday July 19, LME aluminium cash (bid) price stands at US$ 2425 per tonne, LME official settlement price stands at US$ 2425 per tonne; 3-months bid price stands at US$ 2446per tonne, 3-months...
LME aluminium price dips by US$2/t to close at US$2493/t; SHFE price declines below US$3000/t
Three-month LME aluminium closed Friday trading at 0.88 per cent lower. LME aluminium cash (bid) price and LME official settlement price inched down by US$ 2 per tonne to stand at US$ 2,493 per tonne on Friday, July 16. Meanwhile, 3-months bid price and 3-months offer price remained restrained at...
LME aluminium price rose US$44/t this week to close at US$2493/t; SHFE price grew to US$3015/t
LME aluminium cash (bid) price and LME official settle price increased this week during July 12-16 by US$ 44 per tonne or 1.80 per cent despite two consecutive declines at the end of the week. The prices opened the week on Monday, July 12, at US$ 2,449 per tonne, decreasing by US$ 21 per tonne from...
Three-month LME aluminium slightly down to US$2,511/t; SHFE aluminium increased 0.7%
Three-month LME aluminium fell 0.24% on Thursday, July 15, 2021. The price closed at US$2,511 per tonne on Thursday. As of Thursday July 15, LME aluminium cash (bid) price stands at US$ 2495 per tonne, LME official settlement price stands at US$ 2495 per tonne; 3-months bid price stands at US$...
LME aluminium price closed 1.25% higher to reach above US$2500/t; SHFE price stood at US$2987/t
Three-month LME aluminium fell 0.36 per cent to close at US$ 2,517 per tonne on Wednesday. It is expected that the contract will trade between US$ 2,480-2,550 per tonne today. LME aluminium cash (bid) price and LME official settlement price grew further by US$ 31 per tonne or 1.25 per cent to stand...
Three-month LME aluminium climbs 1.76% to close at US$2,538/t; SHFE aluminium increases 0.31%
Three-month LME aluminium rose 1.76% to close at US$2,538 per tonne on Tuesday. SMM expects the contract to trade between US$2,480-2,550 per tonne today. As of Tuesday July 13, LME aluminium cash (bid) price stands at US$ 2478 per tonne, LME official settlement price stands at US$ 2478 per tonne;...
LME aluminium price opened the week lower at US$2449/t; SHFE price grew to US$2971/t
Three-month LME aluminium fell 0.06 per cent to close at US$ 2,492.50 per tonne on Monday. It is expected to trade between US$ 2,480-2,550 per tonne today. LME aluminium cash (bid) price and LME official settlement price opened the week on Monday, July 12, at US$ 2,449 per tonne, down by US$ 21 per...
Three-month LME aluminium closed the week higher at US$2,494/t; SHFE aluminium increased 0.32%
Three-month LME aluminium rose 1.78% to close at US$2,494 per tonne on Friday. SMM expects the contract to trade between RMB18,800-19,200 per tonne today. As of Friday July 9, LME aluminium cash (bid) price stands at US$ 2470 per tonne, LME official settlement price stands at US$ 2470per tonne;...
Vedanta sharply cuts its aluminium wire rod and billet prices by INR7000/t with effect from July 9
Vedanta Limited has slashed its aluminium products and aluminium ingot prices after a week since it increased the prices by INR 4,000 per tonne on July 3. The company has decreased its aluminium wire rod and aluminium billet prices sharply by INR 7,000 per tonne or 3 per cent with effect from...
LME aluminium price declined for the third consecutive day to US$2435/t; SHFE price closed US$3/t higher
Three-month LME aluminium fell 1.49 per cent to close at US$ 2,450.50 per tonne on Thursday. It is expected to trade between US$ 2,410-2,480 per tonne today. LME aluminium cash (bid) price and LME official settlement price extended decline for the third day in a row sharply by US$ 73.50 per tonne...
Three-month LME aluminium fell to close at US$2,487.5/t; SHFE aluminium dropped 1.2%
Three-month LME aluminium fell 0.74% to close at US$2,487.5 per tonne on Wednesday. SMM expects the contract to trade between US$2,480-2,560 per tonne today. As of Wednesday, July 7, LME aluminium cash (bid) price stands at US$ 2508.50per tonne, LME official settlement price stands at US$...
LME aluminium price dropped US$10/t to close at US$2529.50/t; SHFE price plunged by US$49/t to US$2914/t
Three-month LME aluminium fell 2.03 per cent to close at US$ 2,506 per tonne on Tuesday. The contract is expected to trade between US$ 2,450-2,560 per tonne today. LME aluminium cash (bid) price and LME official settlement price dropped by US$ 10 per tonne to close at US$ 2,529.50 per tonne on...
LME aluminium price closed Monday’s trading at US$ 2539.5/t; SHFE aluminium advanced 2.97%
Benchmark aluminium price on London Metal Exchange rose 0.79 per cent to US$ 2539.5 per tonne on Monday, July 5, from US$ 2519.5 per tonne on Friday. As of Monday, July 5, LME aluminium cash (bid) price stands at US$ 2539.50 per tonne, LME official settlement price stands at US$ 2539.50 per tonne;...
LME aluminium price grew US$38.50/t to close at US$2519.50/t; SHFE soared above US$2950/t
The LME complex performed similarly on Friday, with aluminium rose 1.93 per cent. LME aluminium cash (bid) price and LME official settlement price grew US$ 38.50 per tonne to close at US$ 2,519.50 per tonne on Friday, July 2. 3-months bid price and 3-months offer price rebounded to US$ 2,535 per...
LME aluminium price trended up this week by US$61.50/t to settle at US$2519.50/t; SHFE price decreased by US$40/t
LME aluminium cash (bid) price and LME official settlement price built-up US$ 61.50 per tonne this week ended on July 2. The week started on June 28 with an increase of US$ 7 per tonne in both LME aluminium cash (bid) price and LME official settlement price from US$ 2,451 per tonne to US$ 2,458 per...
Three-month LME aluminium fell 0.55% to close at US$2,509/t; SHFE aluminium dropped 1.14%
Three-month LME aluminium fell 0.55% to close at US$2,509 per tonne on Thursday. SMM expects the contract to trade between US$2,500-2,550 per tonne today. As of Thursday July 1, LME aluminium cash (bid) price stands at US$ 2481per tonne, LME official settlement price stands at US$ 2481per tonne;...
LME aluminium price further closes higher at US$2523/t; SHFE price extends decline by US$11/t
Three-month LME aluminium decreased 0.36 per cent to end at US$ 2,523 per tonne on Wednesday, and is expected to trade between US$ 2,500-2,550 per tonne today. LME aluminium cash (bid) price and LME official settlement price extended growth by US$ 4.50 per tonne to close at US$ 2,523 per tonne on...
LME aluminium price surged above US$2500/t; SHFE price slipped by US$10/t to close at US$2915/t
The LME complex ended mostly higher on Tuesday, June 29, with aluminium rose 0.4 per cent. LME aluminium benchmark price gained 2.45 per cent. LME aluminium cash (bid) price and LME official settlement price surged by US$ 60.50 per tonne to come in at US$ 2,518.50 per tonne on Tuesday, June 29....
