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 opened the week lower at US$2,274/t; SHFE aluminium ended the day 0.72% higher
Three-month LME aluminium fell 0.15% to close at US$2,274 per tonne on Monday. SMM expects the contract to trade between US$2,250-2,280 per tonne today. As of Monday, March 22, LME aluminium cash (bid) price stands at US$ 2254 per tonne, LME official settlement price stands at US$ 2254 per tonne;...
LME aluminium price decreased for the second day in a row to US$2188/t; SHFE price rose 1.5% to US$2707/t
Three-month LME aluminium rose 2.82 per cent to close at US$ 2,277.50 per tonne on Friday. It is expected to fluctuate between US$ 2,190-2,220 per tonne today. LME aluminium stocks increased nearly 70,000 tonnes to 1.97 million tonnes. The contract is expected to fluctuate at US$ 2,200-2,270 per...
LME aluminium price grew this week but range-bound to US$2188/t; SHFE price plunged to US$2667/t
Three-month LME aluminium edged 2.23 per cent higher on Monday, March 15, to close at US$ 2220 per tonne but fell the next day, March 16, by 1.1 per cent to come in at US$ 2195 per tonne, with open interest rising to 744,000 lots. On Wednesday, the price again rose to 1.66 per cent to US$ 2232 per...
Three-month LME aluminium slightly down to US$2,115/t; SHFE aluminium shed 0.82%
Three-month LME aluminium fell 0.76% to close at US$2,115 per tonne on Thursday, with stocks falling to 1,897,300 lots. SMM expects the contract to trade between US$2,190-2,220 per tonne today. As of Thursday, March 18, LME aluminium cash (bid) price stands at US$ 2192 per tonne, LME official...
LME aluminium price closed 1.29% higher at US$2205.50/t; SHFE price gained US$28/t to clock at US$2738/t
Three-month LME aluminium rose 1.66 per cent to close at US$ 2,232 per tonne on Wednesday. Carbon neutralization pushed refined aluminium to industry hotspots, and supply and demand improved on the fundamentals. It is expected that the contract will keep fluctuating at high and trade between US$...
Three-month LME aluminium fell 1.1% to close at US$2,195/t; SHFE aluminium gained 0.49%
Three-month LME aluminium fell 1.1% to close at US$2,195 per tonne on Tuesday, with open interest rising to 744,000 lots. SMM expects the contract to trade between US$2,150-2,210 per tonne today. As of Tuesday, March 16, LME aluminium cash (bid) price stands at US$ 2174.50 per tonne, LME official...
LME aluminium price expanded by US$45.50/t to stand at US$2184.50/t; SHFE price rose further to US$2746/t
Three-month LME aluminium rose 2.23% to close at US$ 2,220 per tonne on Monday. According to the SMM import profit and loss calculation model, the import profit stood at about RMB 460 per tonne at present, and the import window opened. The inflow of overseas primary aluminium will be monitored. It...
Three-month LME aluminium fell to close at US$2,171/t; SHFE aluminium shed 0.26%
Three-month LME aluminium fell 0.64% to close at US$2,171 per tonne on Friday, with open interest rising to 726,000 lots. SMM expects the contract to fluctuate between US$2,100-2,160 per tonne today. As of Friday, March 12, LME aluminium cash (bid) price stands at US$ 2139 per tonne, LME official...
Three-month LME aluminium rose 0.92% to close at US$2,185/t; SHFE aluminium jumped 2.57%
Three-month LME aluminium rose 0.92% to close at US$2,185 per tonne on Thursday, with open interest rising to 716,000 lots. SMM expects the contract to trade between US$2,100-2,200 per tonne today. As of Thursday, March 11, LME aluminium cash (bid) price stands at US$ 2159per tonne, LME official...
LME aluminium price closed higher at US$ 2149.5/t; SHFE aluminium edged down 0.06%
Benchmark aluminium price on London Metal Exchange slightly up by 0.4 per cent to US$ 2149.5 per tonne on Wednesday, March 10, from US$ 2141 per tonne on Tuesday. As of Wednesday, March 10, LME aluminium cash (bid) price stands at US$ 2149.50 per tonne, LME official settlement price stands at...
LME aluminium price settled lower for the second consecutive day at US$2141/t; SHFE declined to US$2624/t
Three-month LME aluminium fell 0.3 per cent to close at US$ 2,166 per tonne on Tuesday, March 9, with open interest rising to 705,000 lots. It is expected to trade between US$ 2,100-2,200 per tonne on March 10. LME aluminium cash (bid) price and LME official settlement price further decreased for...
Hindalco reduces aluminium wire rod and billets prices by 1% with effect from March 9
Hindalco Industries Limited has again cut its aluminium products and aluminium ingot prices with effect from Tuesday, March 9, after an intermittent hike on Saturday, March 6. Hindalco has reduced its aluminium wire rod price by INR 2,000 per tonne or 1.02 per cent from INR 195,850 per tonne to INR...
Three-month LME aluminium dropped to close at US$2,172.5/t; SHFE aluminium advanced 0.17%
Three-month LME aluminium fell 0.53% to close at US$2,172.5 per tonne on Monday. SMM expects the contract to trade between US$2,140-2,250 per tonne today. As of Monday, March 8, LME aluminium cash (bid) price stands at US$ 2152.50 per tonne, LME official settlement price stands at US$ 2152.50 per...
LME aluminium price edged 0.74% higher to US$2185/t; SHFE price gained US$40/t to stand at US$2686/t
Three-month LME aluminium rose 2.54 per cent to close at US$ 2184 per tonne on Friday, with open interest falling to 707,000 lots. It is expected to trade between US$ 2150-2250 per tonne today. LME aluminium cash (bid) price and LME official settlement price gained US$ 16 per tonne or 0.74 per cent...
LME aluminium price built-up US$30.50/t this week to settle at US$2185/t; SHFE shrank to US$2646/t
The LME aluminium benchmark price gained 1.42 per cent over the week to close at US$ 2185 per tonne as of Friday, March 5. LME aluminium cash (bid) price and LME official settlement price edged higher this week from US$ 2154.50 per tonne to US$ 2185 per tonne. Starting the week on Monday, March 1,...
LME aluminium price closed Thursday’s trading at US$ 2169/t; SHFE aluminium dropped 1.64%
Benchmark aluminium price on London Metal Exchange dropped 1.54 per cent to US$ 2169 per tonne on Thursday, 04 March 2021 from US$ 2203 per tonne on Wednesday. As of Thursday, March 4, LME aluminium cash (bid) price stands at US$ 2169 per tonne, LME official settlement price stands at US$ 2169 per...
Vedanta’s aluminium products prices grow back-to-back by INR1250/t with effect from March 4
Vedanta Limited has increased its aluminium products and aluminium ingot prices for the second day in a row, with effect from Thursday, March 4. The price of Vedanta's aluminium wire rod has been raised by INR 1,250 per tonne to INR 192,500 – 200,000 per tonne, in comparison with INR 191,250 –...
LME aluminium price expands by US$27/t to close at $2203/t; SHFE price climbs to $2724/t
Three-month LME aluminium fell 0.43 per cent to close at US$ 2215 per tonne on Wednesday, with open interest rising to 704,000 lots. It is expected to trade between US$ 2100-2300 per tonne today. LME aluminium cash (bid) price and LME official settlement price expanded by US$ 27 per tonne on...
