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$21.50/t to settle at US$2176/t; SHFE price rebounded to $2713/t
The LME aluminium benchmark price edged 1 per cent higher on Tuesday, March 2, to close at US$ 2176 per tonne. On Wednesday, the LME complex performed similarly, with aluminium increased 4.46 per cent. LME aluminium cash (bid) price and LME official settlement price gained US$ 21.50 per tonne to...
Three-month LME aluminium fell to US$2,121/t on Monday; SHFE aluminium declined 2.18%
Three-month LME aluminium fell 1.67% to close at US$2,121 per tonne on Monday, with open interest falling to 705,000 lots. SMM expects the contract to trade between US$2,000-2,180 per tonne today. As of Monday, March 1, LME aluminium cash (bid) price stands at US$ 2154.50per tonne, LME official...
LME aluminium price shrinks by US$20.50/t following the highest jump ever; SHFE price downtrends to US$2651/t
Three-month LME aluminium fell 2.77 per cent to close at US$ 2157 per tonne on Friday, with open interest rising to 707,000 lots. It is expected to trade between US$ 2050-2250 per tonne today. The influence of overseas macro liquidity and guiding indicators such as US dollar index and crude oil on...
Vedanta’s aluminium prices build-up INR7,250/t in line with highest ever jump in LME aluminium price
Vedanta Limited has raised its aluminium ingot and aluminium products prices significantly with effect from Friday, February 26, following an intervening cut on February 24. The increase in Vedanta’s aluminium prices is in line with the highest ever surge of US$ 77.50 per tonne in the LME aluminium...
LME aluminium price jumps highest ever by US$77.50/t to clock at US$2223/t; SHFE price shrinks by US$35/t
Three-month LME aluminium gained 0.7 per cent to close at US$ 2,218.50 per tonne on Thursday, February 25, and is likely to move around US$ 2,180-2,240 per tonne on February 26. LME aluminium cash (bid) price and LME official settlement price extended its upswing trend by US$ 77.50 per tonne or...
LME aluminium price closed 0.42% higher at US$2145.50/t; SHFE price soared by US$104/t to US$2700/t
Three-month LME aluminium jumped 2.27 per cent to settle at US$ 2203 per tonne on Wednesday, with open interest adding 2,677 lots to 700,000 lots. It is likely to fluctuate between US$ 2000-2200 per tonne today. LME aluminium cash (bid) price and LME official settlement price increased by US$ 9 per...
Three-month LME aluminium settled 0.97% lower at US$2,154/t on Tuesday; SHFE remained unchanged
Three-month LME aluminium fell to an intraday low of US$2,126.5 per tonne before regaining some ground to settle 0.97% lower at US$2,154 per tonne on Tuesday, with open interest adding 2,813 lots to 697,000 lots. As of Tuesday, February 23, LME aluminium cash (bid) price stands at US$ 2136.50 per...
LME aluminium price edged nearly 1% higher to US$2153.50/t; SHFE price rose to US$2598/t
Three-month LME aluminium gained 1.83 per cent to settle at US$ 2,175 per tonne on Monday, with open interest adding 4,910 lots to 694,000 lots. LME aluminium cash (bid) price and LME official settlement price grew by US$ 18.50 per tonne on Monday, February 22 to reach at US$ 2153.50 per tonne,...
LME aluminium price closed the week lower at US$ 2135/t; SHFE aluminium edged up 0.89%
Benchmark aluminium price on London Metal Exchange decreased by 0.56% to US$ 2135 per tonne on Friday, February 19, from US$ 2147 per tonne on Thursday. As of Friday, February 19, LME aluminium cash (bid) price stands at US$ 2135per tonne, LME official settlement price stands at US$ 2135 per tonne;...
LME aluminium price surged by US$56/t during February 15-19; SHFE opened the market after CNY holiday at US$2527/t
Benchmark aluminium price on the London Metal Exchange increased by 2.69 per cent throughout the week during February 15-19, 2021. Both LME aluminium cash (bid) price and LME official settlement price recorded a surge during February 15-19 from US$ 2079 per tonne to US$ 2135 per tonne – an increase...
LME aluminium price climbed 2.41% to stand at US$2147/t; SHFE price gained US$21/t to US$2548/t
The LME complex performed similarly on Thursday, with aluminium increased 1.35 per cent. Benchmark aluminium price on the London Metal Exchange edged 2.41 per cent higher on Thursday, February 18. LME aluminium cash (bid) price and LME official settlement price continued to increase to reach at US$...
Three-month LME aluminium closed higher at US$2,112.5/t; SHFE rose after CNY holidays
Three-month LME aluminium advanced 1.2% to settle at US$2,112.5 per tonne on Wednesday, with open interest decreasing 5,068 lots to 681,000 lots. As of Wednesday, February 17, LME aluminium cash (bid) price stands at US$ 2096.50 per tonne, LME official settlement price stands at US$ 2096.50 per...
Benchmark aluminium price on LME inched down by US$2/t to clock at US$2077/t; SHFE remained closed for CNY holiday
Benchmark aluminium price on the London Metal Exchange edged slightly lower to US$ 2077 per tonne on Tuesday, February 16, from US$ 2079 per tonne on Monday. LME aluminium cash (bid) price and LME official settlement price slipped by US$ 2 per tonne on Tuesday, February 16, to stand at US$ 2077 per...
LME aluminium price slightly hiked to stand at US$ 2079/t on Monday
Benchmark aluminium price on London Metal Exchange increased by 0.14 per cent to US$ 2079 per tonne on Monday, February 15, from US$ 2076 per tonne on Friday. As of Monday, February 15, LME aluminium cash (bid) price stands at US$ 2079 per tonne, LME official settlement price stands at US$ 2079 per...
LME aluminium price closed Friday’s trading at US$ 2076/t
Benchmark aluminium price on London Metal Exchange slightly increased to US$ 2076 per tonne on Friday, February 12, from US$ 2075.5 per tonne on Thursday. As of Friday, February 12, LME aluminium cash (bid) price stands at US$ 2076 per tonne, LME official settlement price stands at US$ 2076 per...
Benchmark aluminium price on LME further gained US$5/t to stand at US$2075.50/t; SHFE closed for CNY holiday
Benchmark aluminium price on the London Metal Exchange inched up by US$ 5 per tonne or 0.24 per cent on Thursday, February 11. LME aluminium cash (bid) price and LME official settlement price continued to hike for the past one week to reach at US$ 2075.50 per tonne on Thursday, February 11, from...
NALCO’s aluminium ingot price soars by over INR4500/t on February 10 in line with 2-years high LME aluminium price
National Aluminium Company Limited (NALCO) has raised its aluminium ingot and aluminium products prices significantly with effect from Thursday, February 11, after reducing them last week. NALCO’s data shows its aluminium ingot price has soared by INR 4,600 per tonne to come in at INR 172,250 -...
LME aluminium closed Wednesday’s trading at US$ 2070.5/; SHFE closed for Chinese New Year holiday
Benchmark aluminium price on London Metal Exchange rose 1.22 per cent to US$ 2070.5 per tonne on Wednesday, February 10, from US$ 2045.5 per tonne on Tuesday. As of Wednesday, February 10, LME aluminium cash (bid) price stands at US$ 2070.50per tonne, LME official settlement price stands at US$...
