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...
Canada will raise tariffs on US steel and aluminium to 50 per cent from September 8 as part of a CAD 27.6 billion (USD 19.88 billion) retaliatory package, while Ottawa introduces CAD 7.5 billion (USD 5.4 billion) in support for workers and businesses affected by the trade dispute. Canada will...
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<p>The recent downfall in LME aluminium prices enters its sixth day. The light metal traded globally has dropped by 2.4 per cent since it last hit US$1,916 per tonne on May 3. On Wednesday, May 10, LME aluminium closed at US$1,870 per tonne, down 0.21 per cent from its previous close of...
<p>LME aluminium prices are on a steady downtrend. The light metal contract traded globally closed at US$1,879 per tonne on Monday, May 8, down 1.46 per cent from its previous close of US$1,907 per tonne on Friday, May 5. After the fourth day consecutive of descent Shanghai Metals Market...
<p>LME aluminium registered a sharp drop on Friday, April 28, defying a section of analysts’ outlook that indicated at a buoyant ending for the light metal last week. The contract closed at US$1,930 per tonne after Friday night trading, down 1.25 per cent from the previous day’s close...
<p>LME aluminium prices climbed higher drawing support from a vulnerable US dollar index that has been on a decline since the beginning of this week. The light metal contract rose by 0.74 per cent from Tuesday’s close of US$1,943 per tonne to end at US$1,957.50 per tonne on Wednesday, April...
<p>LME aluminium finally staged a strong reversal on Thursday's night trading and closed at US$1,933 per tonne, rising 1.95 per cent from its previous close of US$1,895.50 per tonne on Wednesday, April 19. As Reuters finds it, LME aluminium faces a resistance at US$1,955 per tonne and may retrace...
<p>The London Metal Exchange market opened yesterday after the Easter Holidays; LME aluminium that has been falling since April 5, finally regained some strength and closed at US$1,915.50 per tonne, up 1.34 per cent from its previous close of US$1,890 per tonne on April 13, Thursday. As Shanghai...
<p>The London Metal Exchange market will remain closed on Monday, April 17, for the Easter Holidays. LME aluminium that ended the week last Friday, April 14, on a volatile note is expected to keep diverging this week.</p> <p>As on April 13, LME official cash buyer price of aluminium stands at...
<p>LME aluminium price remained unchanged as it closed at US$1,929 per tonne after night trading on Monday, April 10. The light metal, despite indications of a potential reversal, is taking time to gather momentum. Shanghai Metal Market (SMM) says LME aluminium will regain its lost ground and move...
<p>According to a Reuter’s report, a base metals buying and selling platform for physical spot delivery launched by German company Metalprodex in 2016 is expanding into metals trading using price premiums.</p> <p><img style="vertical-align: middle; display: block; margin-left: auto;...
<p>The sustained rise in LME aluminium prices met with an end-of-the-week halt as the contract came down from its yearly high at US$1,981 per tonne on Thursday, March 30 to close at US$1,946 per tonne on Friday, March 31. The day marking the end of the FY2016-17 financial year for many companies...
<p>Aluminium ingot inventories in China major markets dropped for the first time after the 2017 Chinese New Year Holiday, reported Shanghai Metals Market. The total aluminium inventories in five key trading hubs fell 4,000 tonnes last week, SMM survey data showed.</p> <p>The shrink in inventory,...
<p>According to a Platts report, the second-quarter aluminium contract premium has settled at $128 per tonne plus London Metal Exchange cash CIF Japan between a Japanese buyer and an aluminium producer, up 35% from $95 per tonne plus LME cash CIF Japan in Q1. The producers first offered $135 per...
<p>This week aluminium prices came down from its earlier highs of US$1,990 per tonne to move in the range of US$1,865-1,845 per tonne. Aluminium contract traded on the London Metal Exchange (LME) opened the week at US$1,868 per tonne on Monday, March 6 and then came down to close at US$1,847 per...
<p>As reported by Reuters, three major aluminium producers, South32 Ltd, Rio Tinto Ltd and UC Rusal have offered aluminium premium of $135 per tonne to Japanese buyers for shipments in the April to June quarter. According to sources from the pricing sector, this records a 42% increase from previous...
<p>According to sources in the Japanese market, Russian Federation aluminium major UC Rusal is of the opinion that the second quarter contract premium should be US$125 per metric ton plus London Metal Exchange cash CIF (cost, insurance, and freight) Japan.</p> <p><img style="vertical-align:...
<p>LME aluminium dropped during Wednesday's night trading after remaining unchanged for two consecutive days. The contract closed at US$1,873 per tonne yesterday, down 0.26 per cent from the previous closing of US$1,878 per tonne on Tuesday. According to the Federal Open Market Committee (FOMC)...
<p>LME aluminium hit US$1,900 per tonne this week surging 13 per cent so far since January this year. One of the factors supporting the rise has been, of course, the faltering U.S. dollar index. The DXY which measures the greenback’s strength against a basket of six major currencies, plunged...
<p>LME aluminium has been on an uptrend for better part of the week (February 6 - February 10, 2017) as dollar was weaker before Trump-Abe meeting. The U.S. currency hit 10-day high on Friday. While the market has to wait till start of trading hours on Monday next week, it is time we take a look...
