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...
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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Futures: Futures: SHFE aluminium closed at RMB 23,280 per tonne, edging up 0.22 per cent, with intraday fluctuations between 23,145 and 23,295. The price was slightly above the 5-day MA (23,250) and 10-day MA (23,150.5), but well below the 30-day MA (23,409) and 60-day MA (24,028). Short-term...
The London Metal Exchange (LME) aluminium prices eased on July 17, as cash prices, futures contracts and longer-dated contracts all moved lower from the previous session. LME aluminium inventories also continued to fall, while the Platts alumina price recorded an increase. On July 17, the LME...
The London Metal Exchange (LME) aluminium prices eased on July 17, as cash prices, futures contracts and longer-dated contracts all moved lower from the previous session. LME aluminium inventories also continued to fall, while the Platts alumina price recorded an increase. On July 17, the LME...
CRISIL Ratings has upgraded the credit ratings of Vedanta Ltd, Vedanta Aluminium Metal Ltd and Vedanta Oil and Gas Ltd following the group's demerger, citing stronger business and financial risk profiles across the three companies. Vedanta Ltd's long-term rating was upgraded to CRISIL AA+/Stable...
US June CPI fell 0.4 per cent M-o-M, the first month-on-month contraction since 2020, prompting the market to lower its expectations for US Fed interest rate hikes. However, Fed Chairman Warsh bluntly expressed "zero tolerance" for the persistent five-year high inflation, displaying a tough hawkish...
When aluminium prices moved this year, demand was not always the driving force. Sometimes the catalyst was a Guinean bauxite export terminal. At other times, it was a power contract in South Africa, tensions in the Strait of Hormuz. Taken together, these developments reflected a broader shift in...
Saudi Arabian Mining Company (Maaden) has signed a strategic delivery agreement with Canadian engineering firm Hatch to support the development and execution of its future mining and metals projects. Under the agreement, Hatch will serve as Maaden's delivery partner for its project pipeline,...
London Metal Exchange (LME) aluminium warehouse inventories have almost halved in 2026. Warehouse stocks fell from 440,650 tonnes in January to 246,600 tonnes by June, a decline of nearly 45 per cent. At first glance, that simply looks like metal leaving exchange warehouses. But look closer and the...
The Federation of All India Aluminium Utensils Manufacturers (FAIAUM) and the Cable and Conductor Manufacturers Association of India (CACMAI) requested the Ministry of Mines to reduce the effective Customs duty on primary aluminium imports. They cited concerns regarding the current tariff...
The London Metal Exchange (LME) aluminium prices made a modest recovery on July 16. Cash price and futures contracts improved over the previous session’s figures, while the continued decline of opening stocks indicated market volatility. On July 16, the LME aluminium cash bid price edged up from...
The European Commission has submitted an extensive list of export products to the United States, seeking lower import tariffs or full exemptions as both the European Union and the US continue implementing the Turnberry trade agreement reached last summer. Under the Turnberry tariff deal, EU...
Aditya Birla Group company Hindalco Industries is expected to remain in focus after Kotak Institutional Equities raised its recommendation on the company by two notches. It has shifted from 'Reduce' to 'Buy', highlighting improvement in earnings visibility with a more attractive valuation after the...
Imagine it is the final trading week of December 2031. A cargo vessel loaded with Guinean bauxite is approaching a Chinese port after weeks at sea. An aluminium smelter in the Middle East is preparing to price its next monthly shipment to an automotive customer in Europe. A commodity trader in...
Futures: The most-traded SHFE aluminium 2608 contract closed at RMB 23,090 per tonne, down RMB 135 or 0.58 per cent from yesterday's settlement price. It opened the day at RMB 23,120 per tonne and fluctuated within a range of RMB 23,090–23,190 per tonne. Prices were above the 5-day MA (23,116.00)...
London Metal Exchange (LME) aluminium prices edged lower on July 15 compared with the previous trading day, while exchange inventories also registered a decline. The LME aluminium cash bid price stood at USD 3,153 per tonne on July 15, down 0.50 per cent from USD 3,169 per tonne on July 14. The...
In the morning session, the trading centre of the SHFE aluminium 2606 contract was below the level at the same time of the previous trading day. Affected by the off-season, market procurement sentiment remained weak today, with mainly just-in-time procurement and ample circulating goods....
Futures: The most-traded SHFE aluminium 2608 contract closed at RMB 23,165 per tonne, down 45 yuan or 0.19 per cent from yesterday’s settlement price. It opened at RMB 23,350 per tonne intraday and fluctuated in the range of RMB 23,165–23,380 per tonne. The price was trading above the MA5...
The London Metal Exchange (LME) aluminium price continued to improve on July 14, following the trend of the July 13 trading session . The cash gained nearly 1 per cent as stocks recorded a consistent decline. The LME aluminium cash bid price gained 0.99 per cent day-on-day, up from USD 3,138 per...
