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 gained US$20/t to settle at US$2459/t; SHFE price closed at US$24/t higher
Three-month LME aluminium increased 0.08 per cent in the overnight trading to settle at US$ 2,451.5 per tonne, and is likely to trade between US$ 2,400-2,500 per tonne today. On Wednesday, June 9, LME aluminium cash (bid) price and LME official settlement price increased for the fourth day in a row...
Three-month aluminium rose 1.2% to close at US$2,449.5/t; SHFE aluminium declined 1.08%
Three-month aluminium inched up 1.2% to close at US$2,449.5 per tonne on Tuesday, 08 June 2021, with open interest losing 2,670 lots to 721,000 lots. SMM expects the contract to trade between US$2,400-2,500 per tonne today as US dollar rebounded slightly. As of Tuesday, June 8, LME aluminium cash...
LME aluminium price settled US$5/t higher at US$2417.50/t; SHFE price climbed to US$2897/t
Three-month LME aluminium edged down 1.41 per cent to close at US$ 2,420.5 per tonne last night, and is likely to trade between US$ 2,410-2,460 per tonne today as the lower US dollar supports commodity prices. On Monday, June 7, LME aluminium cash (bid) price and LME official settlement price...
Three-month LME aluminium up by 2.08% to settle at US$2,455/t; SHFE aluminium slipped 1.3%
Three-month LME aluminium went up 2.08% to settle at US$2,455 per tonne last Friday night, with open interest up 7,236 lots to 720,000 lots. SMM expects the contract to trade between US$2,400-2,470 per tonne today. As of Friday, June 4, LME aluminium cash (bid) price stands at US$ 2412.50 per...
LME aluminium price slowed down this week to settle at US$2412.50/t; SHFE price closed lower at US$2854/t
LME aluminium cash (bid) price and LME official settlement price started this week on Tuesday, June 1, with a surge of US$ 57 per tonne to US$ 2,461.50 per tonne from US$ 2,404.50 per tonne on Friday, May 28. On Wednesday, June 3, the price decreased by US$ 19.50 per tonne to come in at US$ 2,442...
Hindalco Industries’ aluminium wire rods price drops by INR 4,000/t to INR 214,100/t on June 4
Hindalco Industries Limited has slashed its aluminium products price by INR 4,000 per tonne. With effect from Friday, 04 June 2021, aluminium billets price has reduced by 1.87% to stand at INR 210,100 per tonne from INR 214,100 per tonne on June 02. The wire rods and aluminium ingots prices stand...
LME aluminium price extended downfall by 2.27%; SHFE price closed lower at US$2854/t
Three-month LME aluminium lost 1.23 per cent to settle at US$ 2,405 per tonne in the overnight trading, and is expected to trade between US$ 2,380-2,460 per tonne today. The strong US employment data and the concerns of currency policies boosted the US dollar and weighed on non-ferrous metals. Both...
NALCO’s aluminium ingot price sees a sharp rise of INR8000/t or 4% with effect from June 1
National Aluminium Company Limited (NALCO) has sharply increased its aluminium ingot and aluminium products prices with effect from Tuesday, June 1, after three cuts in a row since May 19. NALCO has raised its aluminium ingot price by INR 8,000 per tonne or 4 per cent to INR 204,350-207,850 per...
Three-month LME aluminium declined to stand at US$2,435/t; SHFE aluminium edged down 0.83%
Three-month LME aluminium lost 1.89% to settle at US$2,435 per tonne in the overnight trading. It is expected to trade between US$2,430-2,490 per tonne today. As of Wednesday, June 2, LME aluminium cash (bid) price stands at US$ 2442 per tonne, LME official settlement price stands at US$ 2442 per...
LME aluminium benchmark price edged 2.37% higher to US$2461.50/t; SHFE fell by US$11/t to close at US$2925/t
LME aluminium benchmark price gained 2.37 per cent on Tuesday to close at US$ 2,461.50 per tonne. The price is expected to move between US$ $2,450-2,520 per tonne. On Tuesday, June 1, LME aluminium cash (bid) price and LME official settlement price soared by US$ 57 per tonne to settle at US$...
CANPACK’s beverage can bodies volumes increased 21% in Q1 2021
CANPACK, a global manufacturer of aluminium beverage cans and packaging solutions for the beverage and food industry, announced its results for the first quarter of 2021. Beverage can bodies volumes grew 21% year-over-year. The growth was due to increased production volumes from its new Czech...
LME closed for Late May Bank Holiday; SHFE aluminium fell 0.72% in the overnight trading
The London Metal Exchange was closed on Monday for Late May Bank Holiday. On Friday, May 28, LME aluminium cash (bid) price stood at US$ 2404.50 per tonne, LME official settlement price came in at US$ 2404.50 per tonne. LME aluminium is expected to move between US$2,450-2,520 per tonne. Shanghai...
Three-month LME aluminium ended the week higher at US$2,506/t; SHFE aluminium added 1.47%
Three-month LME aluminium went up 0.78% to close at US$2,506 per tonne last Friday. SMM expects the contract to trade between US$2,480-2,540 per tonne today. As of Friday, May 28, LME aluminium cash (bid) price stands at US$ 2404.50 per tonne, LME official settlement price stands at US$ 2404.50 per...
LME aluminium price grew this week by US$99.50/t to settle at US$2404.50/t; SHFE price closed higher at US$2954/t
Three-month LME aluminium advanced 0.44 per cent to settle at US$ 2,390 per tonne on Monday but fell 0.19 per cent on Tuesday to close at US$ 2,385.50 per tonne. On Wednesday, the price rose 1.17 per cent to US$ 2,413.50 per tonne and closed higher on Thursday at US$ 2,486.50 per tonne. LME...
Vedanta’s aluminium ingots price climbs by INR 3,250/t on May 28
Vedanta has continued to raise its aluminium products price by more than 1%. With effect from Friday, 28 May 2021, the prices of some aluminium ingots have inched up by INR 3,250 per tonne to stand at INR 200,500-213,500 per tonne from INR 197,250-210,250- per tonne on May 26. The company’s billets...
Three-month LME aluminium rose 3.02% to close at US$2,486.5/t; SHFE aluminium advanced 1.01%
Three-month LME aluminium rose 3.02% to close at US$2,486.5 per tonne on Thursday. SMM expects the contract to trade between US$2,460-2,500 per tonne today. As of Thursday, May 27, LME aluminium cash (bid) price stands at US$ 2388 per tonne, LME official settlement price stands at US$ 2388 per...
LME aluminium price inched up 0.80% to close at US$2359.50/t; SHFE price grew to US$2878/t
Three-month LME aluminium rose 1.17 per cent to close at US$ 2,413.5 per tonne on Wednesday, May 26. It is expected that the contract will run upwards and trade between US$ 2,380-2,480 per tonne today. LME aluminium cash (bid) price and LME official settlement price extended growth by US$ 18.50 per...
Three-month LME aluminium slightly declined to US$2,385.5/t; SHFE aluminium shed 0.24%
Three-month LME aluminium fell 0.19% to close at US$2,385.5 per tonne on Tuesday. SMM expects the contract to trade between US$2,350-2,410 per tonne today. As of Tuesday, May 25, LME aluminium cash (bid) price stands at US$ 2341 per tonne, LME official settlement price stands at US$ 2341 per tonne;...
