Macro rate hike expectations bring periodic pressure, while destocking in China provides solid bottom support
Futures: The most-traded SHFE aluminium contract opened at RMB 24,310 per tonne in the night session on September 10, reached a high of RMB 24,310 per tonne and a low of RMB 24,075 per tonne, and closed at RMB 24,125 per tonne, down RMB 365 per tonne or 1.49 per cent from the previous close....
LME aluminium price eases 0.3% on September 10; stocks remain stable at 244,525/t
The London Metal Exchange (LME) aluminium price graph contracted on September 10 across cash and contracts, with longer-dated contracts reporting nearly 1 per cent decline. The aluminium opening stocks, however, remained stable. The LME aluminium cash bid price shifted from USD 3,351.5 per tonne on...
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SMM Morning Review - 2011/2/21 Aluminum Market
... LME aluminum prices opened at USD 2,536/mt, and later climbed continuously, with prices finally closing at an intraday high of USD 2,570/mt, up USD 57/mt compared with the previous trading day, or up 2.3%. LME aluminum inventories fell by 5,025 mt to 4,593,175 mt. ...
Major aluminum market developments in January
... Reuters reported that the sharp increase in London Metal Exchange aluminum stocks in January is a worry and high inventories be a drag on prices in coming months even if the benchmark copper contract continues to scale new heights. ....
SMM Morning Review - 2011/2/16 Aluminum Market
... LME aluminum prices fell continuously to break through the USD 2,500/mt mark after opening at USD 2,521/mt, and finally closed at USD 2,492/mt, down USD 32/mt compared with the previous trading day. LME aluminum inventories increased by 5,500 mt to 4,600,225 mt. ....
SMM Morning Review - 2011/2/15 Aluminum Market
... LME aluminum prices climbed continuously after opening at USD 2,510/mt, and finally closed at an intraday high of USD 2,524/mt, up USD 28/mt compared with the previous trading day. LME aluminum inventories fell by 4,725 mt to 4,594,725 mt. ....
UPDATE 1-Japan Jan <em>aluminium</em> stocks down 1.3 pct m/m | Reuters
... While healthy demand for exports has supported aluminium demand , ... for primary aluminium shipments to Japan for the April-June period. ...
SMM Morning Review - 2011/2/11 Aluminum Market
... LME aluminum prices were weighed to open at USD 2,534/mt, touching the lowest at USD 2,520/mt, and closed at USD 2,538/mt, down by USD 3/mt from a day earlier. LME aluminum inventories were up by 1,125 mt to 4,601,775 mt, ....
SMM Morning Review - 2011/2/10 Aluminum Market
... LME aluminum market opened at USD 2,560/mt overnight, reaching the highest at USD 2,575/mt, setting a new high, but later slipping to close at USD 2,541/mt, down by USD 20/mt or down by 0.78%. LME aluminum inventories were down by 375 m to 709,450 mt. ....
SMM Morning Review - 2011/2/9 Aluminum Market
... LME aluminum prices to open at USD 2,541/mt and hit a yearly high at USD 2,573/mt. LME aluminum prices fell slightly at the end of trading and finally closed at USD 2,561/mt, up USD 4/mt from the previous trading day. Total inventories grew significantly by 31,650 mt to 4562,625 mt. ....
Could Excess Supply Foil Aluminum Prices in 2011?
... Aluminum has been the least preferred metal among equity investors given its high inventory levels, dependence on energy prices, and excess-supply situation. Aluminum prices remain 25% below their prerecession peak at nearly $2,500 per metric ton ...
Aluminium trades up on tight supply?
... Global aluminum supply will exceed demand by 5.6 percent this year, spurring lower prices, as idled smelters restart and new capacity comes on-stream. ...
Aluminium rises on limited stocks
...Aluminium yesterday traded with the positive node and settled 2.04% up at 115.15. Some support had been seen from the LME stock also which came down by -3450mt, the total stock at LME is now at 4521225mt.
SMM Morning Review - 2011/2/1 Aluminum Market
... LME aluminum prices. LME aluminum market opened at USD 2,486/mt, and then moved higher, rising above USD 2,500/mt during the session, and finally closed at USD 2,519/mt, up USD 49/mt, or a gain of 1.98%. LME aluminum inventories were down by 3,450 mt to 4,521,225 mt. ....
Unwrought Aluminium Stocks 1.340 Mln T in Dec
...Western world unwrought aluminium stocks rose to 1.340 million tonnes in December compared with a revised 1.249 million in November, industry data showed on Wednesday...
SMM Morning Review - 2011/1/28 Aluminum Market
... LME aluminum prices opened at USD 2,413/mt, and later climbed continuously, and finally ended at USD 2,427/mt. LME aluminum inventories declined by 5,475 mt to 4,530,725 mt. Today, ...
SMM Morning Review - 2011/1/25 Aluminum Market
... LME aluminum prices, and LME aluminum prices edged down gradually after opening at an intraday high of USD 2,422/mt, and finally closed at USD 2,413/mt, down USD 7/mt compared with the previous trading day. LME aluminum inventories fell by 4,375 mt to 4,545,950 mt. SHFE aluminum prices opened...
Aluminum shipments in US and Canada continue healthy growth trend in December
... US metals centers shipped 100,300 tons of aluminum products during December, or 26.7% more than during December 2009. Aluminum inventories at the end of the year totaled 2347,900 tons, 33.5% above the stockpiles of a year ago and equal to a 3.5 month supply of the metal at current shipping...
SMM Morning Review - 2011/1/21 Aluminum Market
... LME base metals prices tumbled, and LME aluminum prices slipped continuously after opening at USD 2,405/mt, and later fell below USD 2,400/mt, and finally closed at USD 2,408/mt, down USD 29/mt compared with the previous trading day. LME aluminum inventories fell by 5,125 mt to 4,501,100 mt....
SMM Morning Review - 2011/1/20 Aluminum Market
... LME base metals prices retreated. LME aluminum prices slipped continuously after opening at USD 2,472/mt, and later hit a low of USD 2,431/mt, and finally closed at USD 2,437/mt, down USD 13/mt compared with the previous trading day. LME aluminum inventories increased by 23,700 mt to 4,485,675...
