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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Three-month LME aluminium climbed 0.76% to close at US$2,247.5/t; SHFE opened higher after the Labour Day holiday
Three-month LME aluminium rose 0.76% to close at US$2,247.5 per tonne on Wednesday. SMM expects the contract to trade between US$2,420-2,460 per tonne today. As of Wednesday, May 5, LME aluminium cash (bid) price stands at US$ 2446 per tonne, LME official settlement price stands at US$ 2446 per...
NALCO’s aluminium ingot price grows for the fourth time in a row by INR1800/t with effect from May 1
National Aluminium Company Limited (NALCO) grew its aluminium ingot and aluminium products prices for the fourth time in a row with effect from Saturday, May 1, 2021. NALCO’s aluminium ingot price witnessed a hike of INR 1,800 per tonne or 0.88 per cent to INR 206,850-210,350 per tonne. Earlier on...
LME aluminium price edged 0.43% lower to $2434.50/t post-holiday; SHFE market remained closed for Labour Day Holiday
LME aluminium benchmark price recorded a decline of 0.43 per cent on Tuesday, May 4, from US$ 2,434.50 per tonne on April 30. The market was closed on May 3 for Early May Bank Holiday. LME aluminium cash (bid) price and LME official settlement price decreased by US$ 10.50 per tonne to close at US$...
LME aluminium price rose 0.53% to close at US$2,445/t; SHFE market is closed for Labour Day Holiday
LME aluminium benchmark price edged 0.53 per cent higher on Friday, April 30, from US$ 2,432 per tonne on April 29. LME aluminium cash (bid) price and LME official settlement price continued to rise by US$ 13 per tonne to stand at US$ 2,445 per tonne on Friday, April 30. 3-months bid price and...
Vedanta’s aluminium ingot price grows by INR 2,250/t on April 30
Vedanta has reported a growth in its aluminium products by INR 2,250 per tonne. With effect from Friday, 30 April 2021, the prices of some aluminium ingots have increased by more than 1% to stand at INR 208,000-221,000 per tonne from INR 205,750-218,750 per tonne on April 23. The company’s billets...
Three-month LME aluminium rose to US$2,413.5/t on Thursday; SHFE aluminium gained 2.33%
Three-month LME aluminium rose 0.56% to close at US$2,413.5 per tonne on Thursday. Aluminium stocks increased 56,350 tonnes and Klang inventory grew 61,150 tonnes, and the upward pressure appeared, SMM reported. The contract is likely to trade between US$2,400-2,430 per tonne today. As of Thursday...
Three-month LME aluminium inches up 0.04% to touch US$2400/t mark; SHFE price surged to US$2886/t
Three-month LME aluminium inched up 0.04 per cent to settle at US$ 2,400 per tonne on Wednesday. Shrinking LME aluminium stocks and recovering overseas economy lent support to LME aluminium. It is expected to fluctuate between US$ 2,390-2,410 per tonne today. LME aluminium cash (bid) price and LME...
Three-month LME aluminium settled lower at US$2,392.5/t; SHFE aluminium advanced 1.42%
Three-month LME aluminium settled 0.27% lower at US$2,392.5 per tonne on Tuesday. SMM expects the contract to trade between US$2,380-2,400 per tonne today. As of Tuesday April 27, LME aluminium cash (bid) price stands at US$ 2389 per tonne, LME official settlement price stands at US$ 2389 per...
Three-month LME aluminium up by 0.45% to US$2,369/t on Friday; SHFE aluminium edged higher by 0.99%
Three-month LME aluminium settled 0.45% higher at US$2,369 per tonne last Friday. The increase in price was due to lower LME aluminium stocks, improved overseas economic and weak US dollar. SMM expects the contract to move between US$2,350-2,390 per tonne today. As of Friday, April 23, LME...
LME aluminium price closed US$29/t higher at US$2373.50/t; SHFE price shed US$6/t to US$2801/t
Three-month LME aluminium settled 0.3 per cent lower at US$ 2,358.50 per tonne on Thursday, April 22, and is expected to move between US$ 2,340-2,390 per tonne today. LME aluminium cash (bid) price and LME official settlement price increased by US$ 29 per tonne to stand at US$ 2,373.50 per tonne on...
Three-month LME aluminium climbed 2.25% to settle at US$ 2,365.5/t; SHFE aluminium lost 0.69%
Three-month LME aluminium hit a new high of US$2,369 per tonne since May 2018 earlier in the session and then climbed 2.25% to settle at US$ 2,365.5 per tonne on Wednesday. SMM expects the contract to move between US$2,340-2,370 per tonne today. As of Wednesday, April 21, LME aluminium cash (bid)...
LME aluminium price slid by US$7/t to clock at US$2324/t; SHFE price closed lower at US$2772/t
Three-month LME aluminium settled 0.71 per cent lower at US$ 2,313.50 per tonne on Tuesday, April 20. Today, the price is expected to move between US$ 2,300-2,330 per tonne. LME aluminium cash (bid) price and LME official settlement price stood at US$ 2,324 per tonne on April 20, reflecting a...
Three-month LME aluminium shed to close at US$2,330/t; SHFE aluminium gained 0.05%
Three-month LME aluminium shed 0.39% to settle at US$2,330 per tonne on Monday. SMM expects the contract to move between US$2,300-2,350 per tonne today. As of Monday, April 19, LME aluminium cash (bid) price stands at US$ 2331per tonne, LME official settlement price stands at US$ 2331per tonne;...
LME aluminium price decreased to US$2308.5/t after four consecutive days of hike; SHFE price edged lower at US$2768/t
Three-month LME aluminium slid 0.11 per cent to settle at US$ 2,318.50 per tonne last Friday. LME aluminium is likely to move between US$ 2,300-2,350 per tonne today. On Friday, April 16, LME aluminium cash (bid) price and LME official settlement price decreased to US$ 2,308.50 per tonne after the...
LME aluminium price skyrocketed to US$2308.50/t this week; SHFE price edged US$138/t higher to reach US$2789/t
Three-month LME aluminium edged down 0.09 per cent to settle at US$ 2267 per tonne on Monday, April 12, while on Tuesday, April 13, it settled 1.65 per cent higher at US$ 2304.50 per tonne. On Wednesday, April 14, three-month LME aluminium settled 1.02 per cent higher at US$ 2328 per tonne. LME...
Vedanta raises its aluminium products prices by over 3% in line with LME aluminium price surge above US$2300/t
Vedanta Limited has increased its aluminium ingot and aluminium products prices for the fifth time in a row with effect from Friday, April 16. In tandem with the continuous surge in LME aluminium benchmark price, the company has sharply increased the prices of its products by INR 7,000 per tonne...
Hindalco’s aluminium ingot price sees a sharp rise of INR7000/t with effect from April 16
Hindalco’s aluminium ingot and aluminium products prices have witnessed a steep growth after a week of last raise in tandem with incessant increase in LME aluminium benchmark prices. With effect from Friday, April 16, the company’s aluminium ingot price has come in at 202,500 per tonne, reflecting...
LME aluminium benchmark price soared above US$2300/t level to stand at US$2328/t; SHFE price grew to US$2789/t
The LME complex cruised higher on Thursday, April 15, including aluminium that gained 0.39 per cent. The benchmark LME aluminium price soared above US$ 2,300 per tonne level on April 15. Both LME aluminium cash (bid) price and LME official settlement price came in at US$ 2,328 per tonne on April...
