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Destocking logic continues to materialise, macro pressure caps aluminium price upside
18 Jun 20269MINS
Primary AL
Futures: The most-traded SHFE aluminium contract opened at RMB 23,900 per tonne in the night session on June 17, with the highest price at RMB 23,950 per tonne, the lowest at RMB 23,860 per tonne, and finally closed at RMB 23,940 per tonne, up 0.25 per cent from the prior close. During this period, prices rebounded from lows to repair and formed a small bullish candlestick, under pressure near the 5-period moving average at 23,920.11, while still trading below all medium and long-term moving ...
LME aluminium price recovers to $3,405.5/t as the inventory continues to decline
18 Jun 20262MINS
Primary AL
The London Metal Exchange (LME) aluminium price graph recovered at the close of the June 17 session. The upswing in cash and near-term contracts improved in parallel as the withdrawals from stocks led to a continued decline in the aluminium inventory. The LME aluminium cash bid as well as offer prices reported an improvement of 1.38 per cent day-on-day on June 17 from June 16. As the bid rose to USD 3,405 per tonne from USD 3,358.5 per tonne, the offer price climbed to USD 3,405.5 per tonne f ...

18 Jun 20262MINS
End User
As solar projects continue to expand across the globe, aluminium conductor cables are increasingly being adopted across DC collection systems, AC transmission lines and medium-voltage interconnections. With lower material costs than copper and advanced aluminium alloy conductors, the metal is increasingly being adopted in the solar cable sector. FRCABLE, a China-based solar cable manufacturer, has regarded aluminium as a practical option for large-scale photovoltaic projects, citing its poten ...
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