The London Metal Exchange (LME) aluminium price faltered across the pricing and contract segments on the September 2 close. The trend reflected a contrast of the surge reported in the September 1 session . The LME aluminium cash bid pulled back by 0.18 per cent day-on-day on September 2, down to...
The London Metal Exchange (LME) aluminium price chart recovered on the August 28 trading session across the pricing and contract segments compared to the August 27 close. On the inventory side, opening stocks and live warrants remained stable for three consecutive sessions. The LME aluminium cash...
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On December 18, the London Metal Exchange (LME) aluminium prices showed a very minimal uptick from the previous day’s close. However, at the inventory front, the LME opening stock showed a slight decline. Both the LME cash bid and offer price went up by USD 1 per tonne or 0.03 per cent, where the...
India's imported aluminium scrap prices were mixed in the week ended 16 December, amid largely stable LME prices, with selective gains and declines across key grades. BigMint assessed Middle East-origin Tense (8-9 per cent) at USD 1,930 per tonne, unchanged w-o-w, while US-origin Tense (6-7 per...
For aluminium ingots in South China, the average SMM A00 aluminium (Foshan) price on December 17 was RMB 21,640 per tonne, up RMB 120 per tonne on the day, at a discount of RMB 215 per tonne against the front-month contract, widening by RMB 5 per tonne from the previous day. Image for reference...
After the week started with the weak aluminium prices on the London Metal Exchange (LME), but during the mid-week, the prices saw an upward tick along with the cancelled warrants. Both the LME cash bid and offer rose by USD 18 per tonne or 0.63 per cent, where the bid reached USD 2,851 per tonne,...
The London Metal Exchange (LME) aluminium prices on December 16 showed a slightly lower price than the previous day’s close. On the other hand, at the inventory front, the live warrants and cancelled warrants rose slightly. On December 16, both the LME cash bid and offer fell by USD 7.5 per tonne...
As of December 11, total alumina stocks across the country’s 10 major ports, 44 alumina producers, 89 primary aluminium smelters, and rail yards or in transit under Mysteel’s regular tracking had reached 5.06 million tonnes, according to results of Mysteel’s latest survey. This represented another...
The London Metal Exchange (LME) aluminium cash bid and offer price saw a further decline on December 15 in comparison to the previous day’s close. However, the forward contracts and 3-month bid and offer rose slightly. On December 15, both the LME cash bid and offer dipped by USD 5.5 per tonne or...
The London Metal Exchange (LME) aluminium price on December 12 inched down from the previous day’s close. On the other hand, the LME opening stock and cancellations rose, but the live warrant witnessed a dip. The LME cash bid moved down by USD 17 per tonne or 0.6 per cent and settled at USD 2,845...
Futures: SHFE aluminium closed at RMB 22,175 per tonne in the night session, up 0.82 per cent. The price stood above all major moving averages, with MA5 (22,174) and MA10 (22,168.5) forming a bullish alignment, indicating a strong short-term structure. The MACD dual lines were above the zero axis...
LME aluminium prices saw modest gains on December 11 across cash, 3-month and deferred contracts compared with the previous session, while exchange inventories continued to ease. The cash bid price rose to USD 2,862 per tonne, up from USD 2,836 per tonne on December 10 — a 0.92 per cent increase....
LME aluminium prices showed mixed movement on December 10, while exchange inventories continued to ease, according to the latest market data. The LME aluminium cash bid price rose to USD 2,836 per tonne on December 10, up from USD 2,831.5 per tonne a day earlier — a 0.16 per cent increase. The cash...
India's imported aluminium scrap prices saw an uptrend week-on-week in the week ended 9 December, following an increase in prices on the London Metal Exchange (LME). BigMint assessed UAE-origin Tense (8-9 per cent) at USD 1,930 per tonne, up by USD 5 per tonne w-o-w, while US-origin Tense (6-7 per...
SHFE aluminium December contract fluctuated upward in the morning session, but the absolute price pulled back compared with the previous trading day. Market transaction sentiment recovered in East China, with downstream maintaining just-in-time procurement, while traders actively made purchases....
LME aluminium prices weakened on December 9 across the cash, 3-month and December 26 contracts, even as exchange inventories moved lower. The LME aluminium cash bid price slipped to USD 2,831.5 per tonne on December 9 from USD 2,867 per tonne the previous day, a decline of 1.24 per cent. The cash...
The result marked a 1.3 per cent rise from the prior week and a 33.5 per cent jump from a year ago, setting a fresh record since the survey began in January 2022, Mysteel Global noted. The persistent inventory build-up was mainly driven by raw material replenishment by domestic primary aluminium...
Futures: SHFE aluminium 2601 night session closed at RMB 22,120 per tonne, down 0.11per cent, fluctuating rangebound overall. MA5 (22,117) and MA10 (22,113.50) formed short-term support, with the price currently above the moving average system; however, MACD (DIF 2.1396, DEA 1.3982) red bars...
LME aluminium prices posted marginal gains on December 8 across cash, 3-month and December 26 contracts, even as exchange inventories continued their downward trend. The LME aluminium cash bid rose to USD 2,867 per tonne, up USD 2.5 or 0.09 per cent from USD 2,864.5 on December 7. The cash offer...
Futures: SHFE aluminium 2601 closed at RMB 22,165 per tonne in the night session, down 0.23 per cent. Technically, moving averages formed a bullish alignment but flattened in the short term, with MA5 (22,165) and MA10 (22,163) converging above MA30 (22,158.67) and MA60 (22,154.25), indicating...
