LME aluminium prices edged lower on September 4 compared with the previous trading day, while aluminium stocks also declined marginally. The most notable movement was in cancelled warrants, which fell by more than 38 per cent day on day. On September 4, the LME aluminium cash bid price stood at USD...
Major aluminium producers have offered Japanese buyers premiums of USD 310-325 per tonne for primary aluminium shipments in the October-December quarter. The bar is 18-22 per cent lower than the USD 395 per tonne premium agreed for the current July-September quarter. The premium paid by Japanese...
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The London Metal Exchange (LME) aluminium chart recorded a decline across all the pricing segments at the close of the June 23 session. Only the live warrants and alumina price remained stable. The LME aluminium cash bid price eased from USD 3,204 per tonne on July 22 to USD 3,193.5 per tonne on...
Futures: SHFE aluminium settled at RMB 23,260 per tonne, up 0.35 per cent, with the price above the MA5 (23,162) and MA10 (23,165), but below the MA30 (23,303.17) and MA60 (23,932.08), indicating effective short-term moving average support but resistance from medium-term moving averages. The MACD...
The London Metal Exchange (LME) aluminium price chart posted a modest recovery on the July 20 session after declining on the July 19 trading session . While the pricing segments improved, the three-month benchmark and the inventories declined. The LME aluminium cash bid expanded 0.1 per cent...
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 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...
Macro perspective The US-Iran situation escalated rapidly, as the US reinstated comprehensive oil sanctions on Iran, terminated the relevant memorandum of understanding, and launched strikes on over a hundred Iranian military facilities. Iran immediately retaliated, causing a sharp rise in...
Futures: The most-traded SHFE aluminium contract opened at RMB 23,130 per tonne in the night session on July 9, with a high of RMB 23,220 per tonne, a low of RMB 22,985 per tonne, and closed at RMB 23,105 per tonne, up 0.20 per cent from the previous close. During this period, prices continued...
Aluminium prices on the London Metal Exchange (LME) continued their improving trend on July 9. Cash and near-term contracts reported gains of almost 1 per cent, while stocks continued to slide, indicating depletion in the inventory amid tight market conditions. On July 9, the LME aluminium cash bid...
The London Metal Exchange (LME) aluminium price chart showed improvement on the July 7 session. Gains were posted across all the pricing segments, barring the opening stocks and cancelled warrants, which continued to edge lower. On July 7, the cash bid reached USD 3,118 per tonne, up 0.44 per cent...
Moody's has placed South32's credit ratings under review for a possible downgrade after the miner agreed to sell most of its aluminium, alumina and bauxite assets to Alcoa in a transaction valued at up to USD 5.6 billion. The ratings agency said the proposed divestment would significantly reduce...
According to SMM statistics, on July 2, aluminium billet inventory in major domestic consumption areas fell to 130,000 tonnes, down 4,000 tonnes from last Monday and 10,000 tonnes from last Thursday, with the pace of destocking visibly accelerating. On a year-over-year basis, it was down 23,500...
Futures: SHFE aluminium closed at RMB 22,510 per tonne, edging up 0.09 per cent. The price remained below the MA5 (22,580) and all medium and long-term moving averages, with the bearish alignment of the moving average system continuing, but it has moved sideways around 22,500 for two consecutive...
The London Metal Exchange (LME) aluminium price graph has been consistently reporting a decline for nearly 10 days since the June 22 close. As the Middle East tensions come to a settled state, supply fears have clearly started to ease. Moreover, Emirates Global Aluminium (EGA) announced its...
In morning trading, the operating centre of the SHFE aluminium 2606 contract was lower than the same period on the previous trading day. Affected by low aluminium prices, some sellers continued to hold back from selling. Downstream just-in-time procurement demand, combined with bearish sentiment,...
SHFE aluminium settled at RMB 22,515 per tonne, plunging 2.19 per cent, with an intraday fluctuation range of 22,455–22,990. The price was well below all key moving averages (MA5=22,985, MA10≈23,622, MA30=24,085.5, MA60=24,460.67), with the moving average system in a bearish alignment and...
The LME aluminium price graph of June 26 reported gains after remaining on a declining graph in the previous three sessions. As cash, contracts and three-month Asian benchmark prices improved, warehouse stocks continued to decline. The LME aluminium cash bid and offer prices gained 1.02 per cent...
In early trading, the SHFE aluminium 2606 contract's centre ran significantly below the level seen in the same period of the previous trading day. As aluminium prices declined to their lowest recent levels, overall market buying sentiment improved M-o-M from yesterday, pushing transaction prices...
After remaining above USD 3,200 per tonne at the June 23 session , the LME aluminium price dropped below the figure across all the pricing segments, barring the live warrants and alumina price, on the June 24 session. The LME aluminium cash bid price eased 3.52 per cent day-on-day on June 24, down...
