LME aluminium price rises to $3,310/t: Can EGA and Alba repairs bring back 2025 levels?
The London Metal Exchange (LME) aluminium price reported improvements across the pricing and contract segments on the September 7 close, recovering from the downward trend reported at the September 4 session . As the repair and operations stabilise at the facilities of Emirates Global Aluminium...
LME aluminium offer price slips to $3,292.5/t as lower exchange stocks point to tighter availability
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...
Grow with
AL Circle
LME aluminium headed for the next support at US$2,081/t; further declines to follow
LME aluminium, as projected, dropped to US$2,103.50 per tonne on Thursday, November 8, after testing support at US$2,148 per tonne. The light metal which closed at US$2,131 per tonne on Wednesday, November 7, has declined by 0.03 per cent till date from its latest high of US$2,188 per tonne on...
LME aluminium retreats downward after testing support at US$2,148/t
LME aluminium is likely to enter consolidation before it rises again. The light metal contract upon testing a support at US$2,148 per tonne fell to US$2,131 per tonne after night trading on Tuesday, November 7. The earlier close was at US$2,152 per tonne on November 6. Reuters’ technical analysis...
LME aluminium volatile within a narrow range; likely to test support at US$2,148/t
LME aluminium is extending its swing within a narrow range. The light metal contract which edged higher on November 3 to US$2,165 per tonne from US$2,152 per tonne on November 2, has retraced back to the same level. Reuters’ technical analysis suggests that LME aluminium is biased to test a support...
Consolidation on the cards for LME aluminium in US$2,174-2,218/t range
LME aluminium is heading towards a consolidation in the range of US$2,174-US$2,218 per tonne, suggests price analysis by Reuters. The light metal which traded within a neutral range last week closed at US$2,165 per tonne on Friday, November 3, up from its previous close at US$2,152 per tonne on...
LME aluminium drops marginally over looming production cuts in China
LME aluminium remained essentially flat during Thursday’s day trading weighed upon by the supply concerns arising from China’s looming production cuts. After night trading, the light metal contract came down to close at US$2,152 per tonne, from the earlier close of US$2,188 per tonne on Wednesday,...
Positive developments in the LME week lift LME aluminium to US$2,188/t; SME falls short
LME aluminium has been holding strong and climbed beyond it support level from US$2,140 per tonne on Tuesday, October 31 to US$2,188 per tonne on Wednesday, November1. A break below this level could cause a loss to US$2,125 per tonne in the near term. Positive developments in the LME week are...
LME aluminium holds ground but may drop after testing support at US$2,148/t
LME aluminium held fairly steady at its current level sliding marginally from US$2,143 per tonne on Monday, October 30 to US$2,140 per tonne on Tuesday, October 31. The wave pattern of aluminium prices on LME reveals a support at US$2,148 per tonne. A break below this level could cause a loss to...
China aluminium stock up on sluggish demand, SHFE aluminium to move in a lower range
SMM statistics showed Aluminum stocks in China’s seven major markets rose again as a result of poor downstream consumption after last week’s big fall. Compared to October 27, on October 30, the inventories in China’s major market have seen a rise: As updated by Shanghai Metals Market, average...
Dollar weakens to provide LME aluminium a breather; price jumps to US$2,143/t
December U.S. dollar index traded lower on Monday, October 30, lifting LME aluminium from its last weekend low. The light metal contract edged higher to close at US$2,143 per tonne after yesterday’s night trading, up from US$2,119 per tonne on October 27. Reuters’ technical analysis suggests that...
Aluminium inventories in China still at record highs, capacity cut to keep aluminium prices firm
According to an SMM update, inventories of aluminium on the SHFE in the week ending Oct. 27 stand at 636,270 tonnes, up 20,900 tonnes from last week. A stronger dollar weighed down base metals on last Friday’s night trading and base metals are expected to trade in a wider range in the short term....
Strong dollar weighs on LME aluminium; price falls below US$2,120/t
LME aluminium prices slid on Friday, October 27, reversing the uptrend the light metal has been following, as dollar strengthened towards the end of the week. The greenback hit three-month highs after rallying sharply over the last few weeks. LME aluminium closed at US$2,119 per tonne after...
LME aluminium holds above US$2,170/t on China supply worries
With speculations rife on dwindling aluminium and its raw material supplies from China, LME aluminium kept surging higher on Thursday, October 26, and closed at US$2,175 per tonne, up from its previous close at US$2,149.50 per tonne on Wednesday, October 25. The biasness towards and upside was so...
Aluminium alloy prices up across China;, downstream players under impact of environmental check
In china, supply of aluminium continues shrinking due to the strict reforms. Chinese aluminium industry is bent on seeing a blue sky over Shanghai and all other provinces during this winter. The inventories are declining and effect of production reduction is slowly taking shape. SHFE Base Metals...
LME aluminium breaches US$2,200/t mark and hits five-year high
LME aluminium rallied on Wednesday, October 25, surging to its highest since March 2012. The light metal contract surged amid speculations of dwindling supply from China due to winter capacity cuts, and a weaker dollar before closing down at US$2,149.50 per tonne (up from US$2,144 per tonne on...
LME aluminium inches up; may break above a resistance at US$2,171/t
LME aluminium seems to be neutral within a wide range. The light metal contract which closed at US$2,133.5 per tonne on Monday, October 23, inched higher to close at US$2,144 per tonne on Tuesday, October 24. Reuters’ technical analysis suggests that LME aluminium may break a resistance at US$2,171...
LME aluminium down by 1.18%; to trade neutrally in US$2,127-2,154 range
LME aluminium failed to hold ground at/around its recent price gain and fell by 1.18 per cent from its previous close at US$2,159 per tonne on Friday, October 20. The light metal contract closed at US$2,133.50 per tonne on Monday, October 23. Reuters’ technical analysis suggests that LME aluminium...
UC RUSAL cuts bauxite production in Q3 2017 to utilize available inventory, alumina up QoQ
UC RUSAL, the leading global aluminium producer has announces operating results for the third quarter 2017. In Q3 2017, consolidated bauxites output of Rusal decreased by 11.3% QoQ to stand at 2,742 thousand tonnes. The Company covered alumina refineries consumption needs using the available...
LME aluminium jumps higher but biased to fall back at US$2,127/t
LME aluminium ended last week in a substantial rise. The light metal contract closed at US$2,159 per tonne on Friday, October 20, up from US$2,128.50 per tonne the previous day. Shanghai Metals Market predicts that LME aluminium will struggle around the moving averages and range at US$2,120-2,150...
