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 grows US$7/t to stand at US$2458/t; SHFE price gains marginally to US$2925/t
Three-month LME aluminium rose 1.46 per cent to close at US$ 2,531 per tonne on Monday. It is expected to trade between US$ 2,480 per tonne and US$ 2,550 per tonne today. LME aluminium cash (bid) price and LME official settlement price increased by US$ 7 per tonne to come in at US$ 2,458 per tonne...
LME aluminium price jumped US$53.50/t to close at US$2451/t; SHFE price gained US$20/t
Three-month LME aluminium rose 2.23 per cent to close at US$ 2,494.50 per tonne on Friday. It is expected to fluctuate between US$ 2,440 per tonne and US$ 2,500 per tonne today. LME aluminium cash (bid) price and LME official settlement price jumped US$ 53.50 per tonne to come in at US$ 2,451 per...
LME aluminium price grows for the third consecutive day to stand at US$2397.50/t; SHFE price closes above US$2900/t
Three-month LME aluminium closed 0.25 per cent higher at US$ 2,440 per tonne on Thursday night, with open interest down 9,400 lots to 685,000 lots, and is expected to trade between US$ 2,400-2,460 per tonne today. LME aluminium cash (bid) price and LME official settlement price grew for the third...
LME aluminium price extends growth to US$2386.50/t; SHFE price remains restrained at US$2896/t
Three-month LME aluminium increased 0.33 per cent to close at US$ 2,433 per tonne in the overnight trading yesterday, with open interest down 1,541 lots to 694,000 lots, and is expected to trade between US$ 2,400-2,460 per tonne today. LME aluminium cash (bid) price and LME official settlement...
LME aluminium price closed higher at US$2375.50/t after five days of decline; SHFE price extended hike to US$2896/t
Three-month LME aluminium rose 1 per cent to close at US$ 2,426 per tonne last night, with open interest down 4,002 lots to 696,000 lots, and is expected to trade between US$ 2,400-2,460 per tonne today. LME aluminium cash (bid) price and LME official settlement price recorded a rise of US$ 22 per...
LME aluminium price further dwindled by US$20.50/t to settle at US$2353.50/t; SHFE edged higher at US$2863/t
Three-month LME aluminium closed 0.69 per cent higher at US$ 2,402 per tonne on Monday, and is expected to trade between US$ 2,380-2,450 per tonne today. LME aluminium cash (bid) price and LME official settlement price opened the week on Monday, June 21, with a further downfall of US$ 20.50 per...
LME aluminium price extends decline by 2% to US$2374/t; SHFE price reduces to US$2836/t
Three-month LME aluminium decreased 4.41 per cent to end at US$ 2,352 per tonne on Thursday night, with open interest losing 1,771 lots to 697,000 lots, and is expected to trade between US$ 2,320-2,420 per tonne today. LME aluminium cash (bid) price and LME official settlement price extended...
Primary Aluminium Weekly Recap: China to release 800,000-900,000 tonnes of primary aluminium from its state reserves; Mytilineos Holdings, LME price ended the week lower at US$ 2,374/t
Primary aluminium sector saw China’s announcement of releasing 800,000-900,000 tonnes of primary aluminium from its state reserves. LME price ended the week even lower, while SMM aluminium ingot price performed downward. Let's recapitulate some of the top aluminium news from primary aluminium...
LME aluminium price downturned this week to US$2374/t; SHFE price slid by US$109/t to US$2867/t
Three-month LME aluminium rose 1.08% to settle at US$2,488.5 per tonne in the overnight trading on Monday, with open interest losing 4,958 lots to 710,000 lots. On Tuesday, the price fell 1.55 per cent to end at US$ 2,450 per tonne in the overnight trading but increased the day next by 0.98 per...
LME aluminium price closed lower for the third day in a row at US$2427.50/t; SHFE declined to US$2867/t
Three-month LME aluminium decreased 4.41 per cent to end at US$ 2,352 per tonne on Thursday night, with open interest losing 1,771 lots to 697,000 lots, and is expected to trade between US$ 2,320-2,420 per tonne today. LME aluminium cash (bid) price and LME official settlement price decreased for...
Three-month LME aluminium climbs 0.98% to US$2,474/t; SHFE aluminium slipped 1.82%
Three-month LME aluminium closed 0.98% higher at US$2,474 per tonne in the overnight trading, with open interest decreasing 19,280 lots to 699,000 lots. SMM expects the contract to trade between US$2,450-2,500 per tonne. As of Wednesday June 16, LME aluminium cash (bid) price stands at US$ 2454.50...
LME aluminium price slid 1.82% to settle at US$2458.50/t; SHFE price closed 1.04% lower
Three-month LME aluminium fell 1.55 per cent to end at US$ 2,450 per tonne in the overnight trading yesterday, with open interest increasing 8,499 lots to 718,000 lots, and is expected to trade between US$ 2,450-2,500 per tonne today. LME aluminium cash (bid) price and LME official settlement price...
Three-month LME aluminium closed higher at US$2,488.5/t on Monday; SHFE to trade between RMB18,500-19,000/t
Three-month LME aluminium rose 1.08% to settle at US$2,488.5 per tonne in the overnight trading yesterday, with open interest losing 4,958 lots to 710,000 lots. SMM expects the contract to trade between US$2,440-2,500 per tonne today. As of Monday June 14, LME aluminium cash (bid) price stands at...
LME aluminium price built-up US$20/t to reach US$2490/t; SHFE market is closed for Dragon Boat Festival
LME aluminium benchmark price grew 0.81 per cent on Friday, June 11. On the previous day, the price stood at US$ 2,470 per tonne, gaining 0.45 per cent from the previous day. On Friday, June 11, LME aluminium cash (bid) price and LME official settlement price increased for the sixth day in a row by...
Primary Aluminium Weekly Recap: LME aluminium price rallied to US$2470/t; China’s primary aluminium output climbed 2.5% in May
This week during June 7-11 has been eventful for the primary aluminium market as well as for AlCircle as the latter could announce the first set of confirmed participants for the upcoming AlCircle Expo 2021. Coming to the market news, Chinese aluminium giant Chinalco announced its aim of bringing...
Three-month LME aluminium closed higher at US$2,478/t; SHFE aluminium advanced 0.35%
Three-month LME aluminium closed 1.08% higher at US$2,478 per tonne in the overnight trading, with open interest down 4,367 lots to 713,000 lots. SMM expects the contract to trade between US$2,440-2,500 per tonne today. As of Thursday, June 10, LME aluminium cash (bid) price stands at US$ 2470 per...
Hindalco Industries raises its aluminium billets price by INR 2,000/t on June 10
Hindalco Industries Limited has hiked its aluminium products price by INR 2,000 per tonne. With effect from Thursday, 10 June 2021, aluminium billets price stands at INR 215,600 per tonne, up 0.94% from INR 213,600 per tonne on June 9. The wire rods and aluminium ingots prices have increased by INR...
Vedanta further hikes its aluminium ingot price by INR 2,000/t
Vedanta has further expanded its aluminium products price by nearly 1%. With effect from Thursday, 10 June 2021, the prices of some aluminium ingots have climbed by INR 2,000 per tonne to stand at INR 207,000-220,000 per tonne, from INR 205,000-218,000- per tonne on June 9. The billets price stands...
