LME aluminium prices slide up to 1.53% as warehouse stocks ease to 243,850t
London Metal Exchange (LME) aluminium prices declined on September 15, with cash, three-month and longer-dated contracts all settling below their previous-session levels. LME warehouse stocks also recorded a small decline, while the Asian reference price and alumina Platts price moved higher. The...
LME aluminium price rises above 1%; stocks slip to 244,100t on September 14
The London Metal Exchange (LME) aluminium price reported improvements, rising above 1 per cent across the pricing segment, followed by modest gains in contracts on the September 14 close, recovering from the downward trend reported at the September 13 session . The LME aluminium cash bid and offer...
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Three-month LME aluminium closed higher at US$1,740.5/t; SHFE aluminium climbed 0.4%
The US dollar hit a new two-month high against a basket its rivals on Thursday, as China announced it will halve tariffs on a slew of US products. LME aluminium advanced 0.9% and SHFE aluminium gained 0.4%. Three-month LME aluminium recovered earlier losses to a one-week high of US$1,751 per tonne...
A00 aluminium ingot price extends growth for the third consecutive day, and so the price of aluminium alloy (A356)
According to Shanghai Metals Market, the A00 aluminium ingot price has extended its growth for the third consecutive day by RMB 50 per tonne to stand at RMB 13,560 per tonne, as of Friday, February 7. The average prices are expected to range between RMB 13,540 per tonne and RMB 13,580 per tonne,...
Alumina price stands higher at RMB 2461/t; A00 aluminium price extends growth by RMB 50/t
The average spot alumina price stands at RMB 2461 per tonne on Thursday, 06 February 2020, an increase of RMB 5 per tonne or 0.20 per cent from RMB 2456 per tonne. The alumina prices in China have increased in East and Central markets. The average prices of Alumina-East and Alumina-Central have...
6063 aluminium billet inventories in China extend growth for the fourth consecutive week
According to Shanghai Metals Market, the 6063 aluminium billet inventories across five major consumption areas in China have increased by 46,800 tonnes over the last two weeks. From 100,000 tonnes on January 23, the inventories, as of today, February 6, jumped to 146,800 tonnes, marking the fourth...
LME aluminium rose to US$1688/t despite US dollar extended its rally; SHFE aluminium recorded growth too
The US dollar extended its rally to a two-month peak against a basket its rivals on Wednesday, as reports of a possible treatment for the new coronavirus and strong US jobs data boosted investor sentiment. Three-month LME aluminium rallied to an intraday high of US$1,728 per tonne on Wednesday...
Hindalco cuts aluminium ingots price by nearly 1% with effect from February 5
Hindalco Industries Ltd has reduced the prices of aluminium ingots, billets, and wire rods by nearly 1%. With effect from February 5, the aluminium ingot price now stands at INR 137,250 per tonne, a drop of 1.8% from INR 138,750 per tonne on February 4. This is the second time in a row that the...
Three-month LME aluminium closed the trading day 0.15% higher at US$1,699 per tonne; SHFE aluminium fell 0.37%
The US dollar rose against a basket its rivals for a second straight day on Tuesday. LME base metals cruised broadly higher on Tuesday. LME aluminium gained closed to 0.2%. Three-month LME aluminium boomeranged on Tuesday, creeping up to an intraday high of US$1,721 per tonne before sinking to a...
Weiqiao raises its prebaked anode purchasing price by RMB20/t; A00 aluminium ingot price today grows by RMB10/t
According to the recent update on Shanghai Metals Market, Shandong Weiqiao Group has raised the benchmark purchasing price for prebaked anode by RMB 20 per tonne for February. This brings the price to RMB 2,620 per tonne in cash. In the last seven months, Weiqiao consecutively cut its prebaked...
Alumina price in China stands at RMB2456/t; Prebaked anode price in East market up by RMB10/t
The average spot alumina price stands at RMB 2456 per tonne on Tuesday, 04 February 2020, an increase of RMB 2 per tonne or 0.08 per cent, after remaining flat since January 14 at RMB 2454 per tonne. The average price of Alumina-North is up by RMB 5 per tonne to stand at RMB 2470 per tonne. The...
LME aluminium continued to inch down to $1694.50/t; US dollar recovered from two-week lows
The US dollar recovered from two-week lows against a basket its rivals on Monday, as stronger-than-expected manufacturing data boosted investor sentiment. Fears about the coronavirus, meanwhile, eased after China took measures to cushion the impact of the new epidemic and pledged to do more to...
China sees a “never-before” price drop in A00 aluminium ingot post CNY holiday; Input costs remain unchanged
Post the Chinese New Year holiday from January 24 to February 2, 2020, the Chinese market has seen a “never-before” sharp drop in A00 aluminium ingot price of RMB 500 per tonne to stand at RMB 13,600 per tonne on February 3, found Shanghai Metals Market. This brings the price as low as was found in...
Three-month LME aluminium fell to its lowest in more than three months at US$1,714/t; SHFE dropped after CNY holidays
The US dollar dropped to two-week lows against a basket its rivals on Friday. LME aluminium price fell to the lowest since 22 October. LME price closed at US$ 1709.5 per tonne on Friday, January 31. Three-month LME aluminium slipped to its lowest in more than three months at US$1,714 per tonne on...
Hindalco cuts aluminium ingots price by nearly 1.5% with effect from January 30
Hindalco Industries Ltd has reduced the prices of aluminium ingots, billets, and wire rods by nearly 1.5%. With effect from January 30, the aluminium ingot price now stands at INR 140,750 per tonne, a decrease of 1.57 from INR 143,000 per tonne on January 28. This is the third time in a row that...
LME aluminium dropped to the lowest since October at US$ 1722.5/t
LME aluminium price dropped to the lowest since 25 October. Benchmark aluminium price on London Metal Exchange closed at US$ 1722.5 per tonne on Thursday, January 30, a decrease of 0.58% from US$ 1732.5 per tonne on Wednesday. As on Thursday January 30, LME aluminium cash (bid) price stands at US$...
LME aluminium price closed lower at US$ 1732.5/t on Wednesday
Benchmark aluminium price on London Metal Exchange closed at US$ 1732.5 per tonne on Wednesday, January 29, a decrease of 0.69% from US$ 1744.5 per tonne on Tuesday. As on Wednesday January 29, LME aluminium cash (bid) price stands at US$ 1732 per tonne, LME official settlement price stands at US$...
LME aluminium price shed 0.63% to US$ 1744.5/t; SHFE closed for Chinese New Year holiday
Benchmark aluminium price on London Metal Exchange was down 0.63% on Tuesday, January 28 to closed at US$ 1744.5 per tonne, from US$ 1755.5 per tonne on Monday, January 27 As on Tuesday January 28, LME aluminium cash (bid) price stands at US$ 1744 per tonne, LME official settlement price stands at...
Alupro seeks recycle aluminium market development details after PRN price hikes
Alupro, aluminium recycling trade body, has reportedly asked for 2019 recycle aluminium market development assessments in lights of high PRN prices from the Packaging Recovery Note (PRN) system, even though the targets of the year were being met. According to the data, which is, however, to be...
LME aluminium price dropped 1.13% to US$ 1755.5/t on Friday
Benchmark aluminium price on London Metal Exchange opened lower at US$ 1755.5 per tonne on Monday, January 27. That was down 1.13% from Friday’s close of US$ 1775.5 per tonne. As on Monday January 27, LME aluminium cash (bid) price stands at US$ 1755 per tonne, LME official settlement price stands...
