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 nosedived by US$98/t to close at US$2305/t; SHFE grew to US$2858/t
Three-month LME aluminium advanced 0.44 per cent to settle at US$ 2,390 per tonne on Monday, and it is likely to fluctuate between US$ 2,250-2,350 per tonne today. LME aluminium cash (bid) price and LME official settlement price nosedived by US$ 98 per tonne on Monday, May 24, to settle at US$...
Three-month LME aluminium closed higher at US$2,379.5/t on Friday; SHFE aluminium fell 1.76%
Three-month LME aluminium rose 0.32% to close at US$2,379.5 per tonne on Friday. SMM expects the contract to fluctuate between US$2,250-2,350 per tonne today. As of Friday, May 21, LME aluminium cash (bid) price stands at US$ 2403 per tonne, LME official settlement price stands at US$ 2403 per...
Primary aluminium weekly recap: LME aluminium price inched down by $10.50/t to close at $2392/t; World primary aluminium production shrinks 3% M-o-M to 5.56MT in April
On 20 th May 2021, three-month LME aluminium fell 2.49% to close at US$ 2,554 per tonne. The world primary aluminium production stood at 5.560 million tonnes in April 2021, reflecting a month-on-month downfall of 3.20% from 5.744 million tonnes, as revealed by International Aluminium Institute. On...
LME aluminium price inched down by $10.50/t to close at $2392/t; SHFE fell for the third day in a row to $2893/t
Three-month LME aluminium fell 2.49 per cent to close at US$ 2,554 per tonne on Thursday. It is expected to trade between US$ 2,400-2,480 per tonne today. The contract will keep fluctuating weakly following SHFE aluminium. LME aluminium cash (bid) price and LME official settlement price continued...
Copper might face serious competition from aluminium, over price rise issue: Wood Mackenzie
The trusted source of commercial intelligence for the world's natural resources sector, Wood Mackenzie’s analysis has indicated that a long-term rise in price for copper is likely to counter serious contention from aluminium. The American multinational investment bank and financial services, Bank...
Hindalco’s aluminium wire rod and billets prices experience further cut of INR3500/t on May 20
Hindalco Industries Limited has been reducing its aluminium products and aluminium ingot prices since last Wednesday, May 12, in tandem with the downfall of the LME aluminium benchmark price. The company has cut its aluminium wire rod price yet again with effect from May 20, bringing the price to...
LME aluminium price plunged by US$65.50/t after three days of hike; SHFE price fell sharply by 3.31% to US$2950/t
Three-month LME aluminium fell 1.48 per cent to close at US$ 2,429.50 per tonne on Wednesday, May 19. It is expected that the contract will trade between US $2,350-2,450 per tonne today. LME aluminium cash (bid) price and LME official settlement price plunged by US$ 65.50 per tonne after the last...
LME aluminium price settled higher for the third consecutive day at US$2468/t; SHFE declined 1.07% to US$3051/t
Three-month LME aluminium fell 1.22 per cent to close at US$ 2,466 per tonne on Tuesday, May 18. As the US dollar index continued to weaken in the near term, it is expected that LME aluminium will try to continue to repair the recent decline today. It is expected to trade between US$ 2,450-2,550...
Three-month LME aluminium fell to US$2,496/t; SHFE aluminium gained 1.39%
Three-month LME aluminium fell 0.2% to close at US$2,496 per tonne on Monday. SMM expects the contract to trade between US$2,450-2,550 per tonne today. As of Monday, May 17, LME aluminium cash (bid) price stands at US$ 2455 per tonne, LME official settlement price stands at US$ 2455 per tonne;...
Three-month LME aluminium closed the week lower at US$2,446.5/t; SHFE aluminium fell 2.03%
Three-month LME aluminium weakened 0.31% to end at US$2,446.5 per tonne last Friday, with open interest adding 11,000 lots to 738,000 lots. SMM expects the contract to fluctuate between US$2,450-2,500 per tonne today. As of Friday, May 14, LME aluminium cash (bid) price stands at US$ 2438 per...
Weekly Update: LME aluminium price trended down this week to US$2438/t; SHFE price closed lower at US$3044/t
Three-month LME aluminium fell 0.1 per cent to close at US$ 2,529.5 per tonne on Monday, May 10. However, on Tuesday, it rose 0.14 per cent to close at US$ 2,533 per tonne. On Wednesday, May 12, again fell by 1.46 per cent to US$ 2,496 per tonne and further by 1.68 per cent to close at US$ 2,554...
LME aluminium price extended downfall by US$51.50/t to US$2422.50/t; SHFE price shrank to US$3044/t
Three-month LME aluminium fell 1.68 per cent to close at US$ 2,554 per tonne on Thursday. It is expected to trade between US$ 2,400-2,480 per tonne today. LME aluminium cash (bid) price and LME official settlement price continued to decline for the third day in a row by US$ 51.50 per tonne to come...
LME aluminium price shrinks 3% to close at US$2474/t; SHFE price declines by US$21/t to US$3068/t
Three-month LME aluminium fell 1.46 per cent to close at US$ 2,496 per tonne on Wednesday, May 12. It is expected that the contract will trade between US$ 2,450-2,520 per tonne today. LME aluminium cash (bid) price and LME official settlement price decreased for the second day in a row to stand at...
Three-month LME aluminium slightly up at US$2,533/t; SHFE aluminium weakened 0.72%
Three-month LME aluminium rose 0.14% to close at US$2,533 per tonne on Tuesday. SMM expects the contract to trade between US$2,530-2,580 per tonne today. As of Tuesday, May 11, LME aluminium cash (bid) price stands at US$ 2549.50 per tonne, LME official settlement price stands at US$ 2549.50 per...
LME aluminium price continues to grow for the fourth consecutive day to US$2565/t; SHFE price declines to US$3087/t
Three-month LME aluminium fell 0.1 per cent to close at US$ 2,529.5 per tonne on Monday, May 10. It is expected to trade between US$ 2,500-2,580 per tonne today. LME aluminium cash (bid) price and LME official settlement price continued to increase for the fourth day in a row to stand at US$ 2,565...
Three-month LME aluminium closed the week higher at US$2,532/t; Aluminium surged 2.93%
Three-month LME aluminium rose 0.88% to close at US$2,532 per tonne on Friday. SMM expects the contract to move between US$2,520-2,580 per tonne today. As of Friday, May 7, LME aluminium cash (bid) price stands at US$ 2518.50 per tonne, LME official settlement price stands at US$ 2518.50 per tonne;...
Hindalco's aluminium billets and aluminium wire rod prices build-up INR3250/t on May 7
Hindalco Industries Limited has continued to increase its aluminium products and aluminium ingot prices with effect from May 7. Hindalco’s aluminium billets price this week has witnessed a hike of INR 3,250 per tonne or 1.51 per cent to INR 218,600 per tonne, in comparison with INR 215,350 per...
LME aluminium price rose 1.25% to US$2476.50/t; SHFE price soared above US$3000/t
Three-month LME aluminium increased 2.55 per cent to close at US$ 2,510 per tonne on Thursday, May 6. It is expected to trade between US$ 2,450-2,520 per tonne today. LME aluminium cash (bid) price and LME official settlement price surged on Thursday, May 6, by US$ 30.50 per tonne or 1.25 per cent...
