Adv
LANGUAGES
English
Hindi
Spanish
French
German
Chinese_Simplified
Chinese_Traditional
Japanese
Russian
Arabic
Portuguese
Bengali
Italian
Dutch
Greek
Korean
Turkish
Vietnamese
Hebrew
Polish
Ukrainian
Indonesian
Thai
Swedish
Romanian
Hungarian
Czech
Finnish
Danish
Filipino
Malay
Swahili
Tamil
Telugu
Gujarati
Marathi
Kannada
Malayalam
Punjabi
Urdu
06 NOVEMBER 2017 AL CIRCLE

Consolidation on the cards for LME aluminium in US$2,174-2,218/t range

EDITED BY : DIPANWITA GUPTA 2MINS READ

LME aluminium is heading towards a consolidation in the range of US$2,174-US$2,218 per tonne, suggests price analysis by Reuters. The light metal which traded within a neutral range last week closed at US$2,165 per tonne on Friday, November 3, up from its previous close at US$2,152 per tonne on November 2.

There is a support at US$2,218 per tonne. A break above the mark could take the metal to the next target at US$2,260 per tonne; while a break below US$2,174 per tonne may indicate a drop, price trend analysis suggests.

{alcircleadd}

As on November 3, LME official cash buyer aluminium price (Bid Price) stands at US$2,163 per tonne, cash seller & settlement aluminium price (Offer price) is US$2,165 per tonne, 3M Bid Price is US$2,183 per tonne, 3M Offer Price is US$2,183.50 per tonne, Dec1 Bid Price is US$2,228 per tonne, and Dec1 Offer Price is US$2,233 per tonne. LME aluminium Opening Stock or the LME aluminium inventory level stands at 1181300 tonnes, total Live Warrants is 943750 tonnes, and Cancelled Warrant is 237550 tonnes.                              

SME and SHFE Aluminium Price Trend

The benchmark aluminium price on Shanghai Metal Exchange has dropped from US$2,415 per tonne on November 3, to US$2,392 per tonne on November 6.  

In Shanghai Futures Exchange, aluminium contracts kept fluctuating within a narrow range. The latest SHFE aluminium price movement is as follows:

It is expected that SHFE aluminium will continue to keep volatile in the near term. 

Tagged with:

LME Price Inventory Aluminium

Adv
Adv
Adv
Adv
Adv
Adv
Adv
EDITED BY : DIPANWITA GUPTA 2MINS READ

Responses

Adv
Adv
Adv
Loading...
Adv
Adv
Adv
Loading...
Reports VIEW ALL
Loading...
Loading...
Business Leads VIEW ON AL BIZ
Loading...
Adv
Adv
Would you like to be
featured with us?
Loading...

AL Circle: Aluminium Ecosystem App

A proud
ASI member
© 2026 AL Circle. All rights reserved. AL Circle is not responsible for content from external sources.