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 grew for the third day in a row to close at US$2297.5/t; SHFE price climbed US$25/t to US$2761/t
Three-month LME aluminium settled 1.02 per cent higher at US$ 2328 per tonne on Wednesday, April 14, while the price today is expected to hover around US$ 2300-2350 per tonne. LME aluminium cash (bid) price and LME official settle price increased for the third consecutive day by US$ 19.50 per tonne...
LME aluminium price closed US$24/t higher at US$2278/t; SHFE price soared by US$75/t to US$2736/t
Three-month LME aluminium settled 1.65 per cent higher at US$ 2304.50 per tonne on Tuesday, April 13, and is likely to range between US$ 2270-2320 per tonne today. LME aluminium cash (bid) price and LME official settle price surged by US$ 24 per tonne to close at US$ 2278 per tonne on Tuesday,...
LME aluminium price rose US$4/t to stand at US$2254/t; SHFE gained US$10/t to US$2261/t
Three-month LME aluminium edged down 0.09 per cent to settle at US$ 2267 per tonne on Monday and is expected to move between US$ 2250-2280 per tonne today. LME aluminium cash (bid) price and LME official settlement price increased by US$ 4 per tonne to come in at US$ 2254 per tonne as of Monday,...
LME aluminium price slipped by US$17.50/t to close at US$2250/t; SHFE price settled lower at US$2651/t
Three-month LME aluminium slid 0.72 per cent to settle at US$ 2269 per tonne last Friday, and is expected to move between US$ 2245-2280 per tonne today. LME aluminium cash (bid) price and LME official settlement price plunged by US$ 17.50 per tonne or 0.78 per cent to stand at US$ 2250 per tonne as...
LME aluminium price edged 1.25% higher to US$2267.50/t; SHFE aluminium price inched up by US$2/t
Three-month LME aluminium settled 1.15 per tonne higher at US$ 2,285.50 per tonne on Thursday, and is expected to trade between US$ 2,250-2,310 per tonne today. LME aluminium cash (bid) price and LME official settlement price surged by US$ 28 per tonne or 1.25 per cent to settle at US$ 2267.50 per...
Three-month LME aluminium dropped to US$2,259.5/t; SHFE aluminium declined 0.46%
Three-month LME aluminium edged down by 0.02% to close at US$2,259.5 per tonne on Wednesday. It is expected to fluctuate between US$2,230-2,280 per tonne today. As of Wednesday, April 7, LME aluminium cash (bid) price stands at US$ 2239.50 per tonne, LME official settlement price stands at US$...
Three-month LME aluminium closed higher at US$2,260/t; SHFE aluminium gained 0.23%
Three-month LME aluminium advanced 1.35% to close at US$2,260 per tonne on Tuesday. SMM expects the contract to trade between US$2,230-2,280 per tonne today. As of Tuesday, April 6, LME aluminium cash (bid) price stands at US$ 2247 per tonne, LME official settlement price stands at US$ 2247 per...
LME aluminium closed for Easter Monday; SHFE aluminium gained 1.36%
The London Metal Exchange was closed on Friday and Monday for Good Friday and Easter Monday. On Thursday, 1 April, Three-month LME aluminium settled 0.79 per cent higher at US$ 2,230 per tonne. As of Thursday, April 1, both LME aluminium cash (bid) price and LME official settlement price remained...
LME aluminium price slowed down this week to US$2212.50/t; SHFE price closed marginally higher at US$2667/t
Three-month LME aluminium showed restraint on Monday at US$ 2,273.50 per tonne but fell the next day, on March 30, to US$ 2227.50 per tonne. On Wednesday, March 31, the price dropped further by 0.67 per cent to settle at US$ 2,212.50 per tonne; however, it rose on Thursday, April 1, by 0.79 per...
LME aluminium price showed restraint at US$2212.50/t; SHFE price gained US$41/t to US$2667/t
Three-month LME aluminium settled 0.79 per cent higher at US$ 2,230 per tonne on Thursday, with open interest decreasing 7,546 lots to 712,000 lots. It is expected to move between US$ 2,220-2,250 per tonne today. As of Thursday, April 1, both LME aluminium cash (bid) price and LME official...
Three-month LME aluminium declined to close at US$2,212.5/t; SHFE aluminium shed1.32%
Three-month LME aluminium dropped 0.67% to settle at US$2,212.5 per tonne on Wednesday, 31 March 2021. SMM expects the contract to move between US$2,210-2,250 per tonne today. As of Wednesday, March 31, LME aluminium cash (bid) price stands at US$ 2212.50 per tonne, LME official settlement price...
Hindalco reduces aluminium products prices by INR1500/t on March 31 in line with lower LME aluminium price
Hindalco Industries Limited has reduced its aluminium products and aluminium ingot prices with effect from Wednesday, March 31, following two consecutive hikes on March 25 and March 27. Hindalco’s aluminium wire rod price has come in at INR 199,350 per tonne, down by INR 1,500 per tonne or 0.75 per...
LME aluminium price extends downfall by US$35/t to US$2220.50/t; SHFE price decreases to US$2616/t
Three-month LME aluminium fell 2.02 per cent to close at US$ 2227.50 per tonne on Tuesday. It is expected to trade between US$ 2220-2280 per tonne today. As of Tuesday, March 30, LME aluminium cash (bid) price and LME official settlement price extended decline by US$ 35 per tonne to stand at US$...
Three-month LME aluminium remained unchanged to close at US$2,273.5/t; SHFE aluminium slightly up
Three-month LME aluminium remained unchanged to close at US$2,273.5 per tonne on Monday. SMM expects the contract to trade between US$2,240-2,280 per tonne today. As of Monday, March 29, LME aluminium cash (bid) price stands at US$ 2255.50 per tonne, LME official settlement price stands at US$...
LME aluminium price settled US$52.50 higher at US$2260.50/t; SHFE price rose for the third consecutive day to US$2666/t
Three-month LME aluminium gained 0.78 per cent to settle at US$ 2,273.50 per tonne last Friday, and is expected to move between US$ 2,240-2,270 per tonne today. On Friday, March 26, LME aluminium cash (bid) price and LME official settlement price soared by US$ 52.50 per tonne to close the week at...
LME aluminium price slipped to US$2208/t amid continued decline in aluminium opening stock; SHFE price further gained US$11/t
Three-month LME aluminium rose 0.36 per cent to close at US$ 2,256 per tonne on Thursday. It is expected to trade between US$ 2,230-2,260 per tonne today. LME aluminium cash (bid) price and LME official settlement price decreased by US$ 12.50 per tonne on Thursday, March 25, to stand at US$ 2208...
LME aluminium price edged US$15.50/t higher to settle at US$2220.50/t; SHFE price grew to US$2634/t
Three-month LME aluminium rose 1.54 per cent to close at US$ 2,248 per tonne on Wednesday. It is expected that the contract will trade between US$ 2,230-2,260 per tonne today. LME aluminium cash (bid) price and LME official settlement price grew by US$ 15.50 per tonne on Wednesday, March 24, to...
LME aluminium price shrank to US$2205/t after a surge over the weekend; SHFE price declined to US$2619/t
Three-month LME aluminium fell 2.64 per cent to close at US$ 2214 per tonne on Tuesday. It is expected to trade between US$ 2,200-2,230 per tonne today. LME aluminium cash (bid) price and LME official settlement price shrank by US$ 49 per tonne to come in at US$ 2205 per tonne on Tuesday, March 23,...
