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
27 JUNE 2017 AL CIRCLE

LME aluminium slides to new monthly low as oil prices provide little support

EDITED BY : DIPANWITA GUPTA 2MINS READ

LME aluminium is continuing its slide under negative market fundamentals. Crude oil prices are falling globally. Unable to draw support from the key commodity factor, the light metal dived to US$1,855 per tonne after night trading on Monday, June 26, down from US$1,868 per tonne last Friday, June 23. Shanghai Metals Market (SMM) forecasts that LME aluminium will range at the lows of US$1,855-1,873 per tonne on Tuesday, June 27.

News

{alcircleadd}

As on June 26, LME official cash buyer aluminium price stands at US$1,854 per tonne, cash seller & settlement aluminium price is US$1,855 per tonne, 3M buyer price is US$1,875 per tonne, 3M seller price is US$1,862 per tonne, Dec1 buyer price is US$1,897 per tonne, and Dec1 seller price is US$1,902 per tonne. The current LME official Opening Stock of aluminium is estimated at 1424475 tonnes, total Live Warrant is 1063350 tonnes, and Cancelled Warrant is 361125 tonnes.

LME aluminium premiums, as on June 23, remain unchanged across major regions. LME Aluminium East-Asia Premium stands at US$110, LME Aluminium South-East Asia Premium remains unchanged at US$15, and LME Aluminium West-Europe Premium is at US$85, and LME Aluminium US Premium is at US$195 (per tonne).

{googleAdsense}

The benchmark aluminium price at Shanghai Metal Exchange (SME) stands at US$1,989 per tonne on Tuesday, June 27, down 1.04 per cent from the benchmark price of US$2,010 per tonne on June 26.

At Shanghai Futures Exchange (SHFE), the most active aluminium future contract SHFE 1708 aluminium opened at RMB 13,860 per tonne on Monday, June 26 and then climbed to RMB 13,910 per tonne driven by long buying. SMM predicts that SHFE 1708 aluminium will trade in a tight range and move at RMB 13,750-13,870 per tonne on Tuesday, June 27.  

Spot aluminium in east China market is expected to trade at discounts of RMB 140-120 per tonne over SHFE 1707 aluminium contract on Tuesday.

China Aluminum International Trading Co. (Chalco Trading) cut aluminium prices it offered in major markets today after the hike yesterday. The revised prices are as follows:

Unit: RMB per tonne

News

The market focus will be on the profit data at China’s large industrials in May and Conference Board’s June CCI for the US on Tuesday, SMM said. 


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.