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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Futures: During the night session on March 17, the SHFE aluminium 2605 contract opened at RMB 25,060 per tonne, hit a high of RMB 25,110 per tonne and a low of RMB 24,745 per tonne, and finally closed at RMB 24,915 per tonne, down RMB 75 per tonne from the previous close, or 0.30per cent. Technical...
After slipping by 1.1 per cent, the aluminium prices settled at INR 346.1, which is influenced by a stronger US dollar, with the future hope for further interest rate cuts from the Federal Reserve seeming to be fading. Irrespective of the dip, aluminium prices were supported throughout the week,...
Futures: In the night session on March 16, the SHFE aluminium 2605 contract opened at RMB 24,975 per tonne, hit an intraday high of RMB 25,080 per tonne and a low of RMB 24,865 per tonne, and finally closed at RMB 24,970 per tonne, down RMB 200 per tonne from the previous close, or 0.79per cent....
The SHFE aluminium 04 contract opened higher and extended gains today, while market transactions were relatively sluggish. Futures later fell, and as buying sentiment strengthened and price acceptance improved, transaction prices in the spot market moved higher. Today’s mainstream quotations and...
The cash aluminium price on the London Metal Exchange (LME) edged higher on March 13 compared with the previous day, while the 3-month contract and longer-dated futures declined. Warehouse stocks on the exchange also fell slightly. On March 13, the LME aluminium cash bid price stood at USD 3519.5...
Futures: In the night session on March 13, the SHFE aluminium 2605 contract opened at RMB 25,130 per tonne, hit an intraday high of RMB 25,200 per tonne and a low of RMB 24,960 per tonne, and finally closed at RMB 24,965 per tonne, down RMB 105 per tonne, or 0.42 per cent, from the previous close....
Owing to the rising geopolitical tension, leading to the temporary closure of the Strait of Hormuz, halting Middle East shipments, tightening supplies in Europe and the US, Mercuria, a commodity trader, is planning to pull out a large volume of aluminium from the London Metal Exchange (LME)...
LME aluminium prices moved higher on March 11 compared with March 10, while exchange inventories recorded a slight decline. On March 11, the LME aluminium cash bid price stood at USD 3,465 per tonne, up from USD 3,402 per tonne on March 10, marking an increase of USD 63 or 1.85 per cent. The cash...
The ongoing Middle East conflict has led to 40 per cent of London Metal Exchange (LME) aluminium inventories being cancelled or marked for delivery. Several industry sources stated that the cancellations are linked to supply disruptions caused by the closure of the Strait of Hormuz. Explore- Most...
On March 10, the London Metal Exchange (LME) aluminium price, amidst the ongoing geopolitical tension and the temporary closure of the Strait of Hormuz trade route, experienced a significant change, especially on the inventory side. Moreover, there is a mixed signal in the futures aluminium prices,...
Futures: The most-traded SHFE aluminium 2604 contract closed at RMB 24,850, still well above long-term moving averages such as MA30 (24,251.09) and MA60 (23,585.42), indicating that the medium- and long-term uptrend has not yet reversed. However, in the MACD indicator, although the DIF line...
According to SMM statistics, as of March 5, aluminium billet inventory in China’s major domestic consumption hubs totalled 398,000 tonnes. Inventory first increased and then declined, still hovering around 400,000 tonnes. Across the major consumption hubs, regional divergence persisted. Foshan...
In the morning session, SHFE aluminium 2602 fluctuated upward, with the price centre rising from the previous trading day. Affected by the US-Iran conflict, market bullish sentiment was strong. In addition, as the current price spread between futures contracts performed well, some sellers held...
LME aluminium prices recorded gains on March 3 compared with March 2, while exchange inventories edged lower and cancelled warrants increased significantly. On March 3, the LME aluminium cash bid price stood at USD 3,267 per tonne, up from USD 3,225.5 per tonne on March 2 - an increase of USD 41.5...
The impact of geopolitical developments may have started reflecting on the metal market, as aluminium prices on the London Metal Exchange (LME) shot up on March 2 compared to the previous close. Both cash and futures contracts reported gains by wide margins, while exchange inventories continued to...
The international situation boosted aluminum prices, and today, traders in central China had a strong bullish sentiment, with overall transaction sentiment strengthening. Some large downstream processing enterprises stopped purchasing due to high inventory, but influenced by the bullish sentiment,...
Image generated by AI for representational purpose Aluminium prices on the London Metal Exchange (LME) moved higher on February 26 compared to the previous session, with both cash and futures contracts registering gains, while exchange inventories declined marginally. The LME aluminium cash bid...
Aluminium prices on the London Metal Exchange (LME) registered gains on February 25 compared to the previous session, with both cash and futures contracts moving higher. The LME aluminium cash bid price increased to USD 3106.5 per tonne on February 25 from USD 3075 per tonne on February 24, marking...
