Low inventory supports aluminium prices to consolidate at highs; Peak season recovery pace awaits verification
Futures: The most-traded SHFE aluminium contract opened at RMB 24,590 per tonne in the night session on September 9, reached a high of RMB 24,660 per tonne and a low of RMB 24,565 per tonne, and closed at RMB 24,650 per tonne, up RMB 90 per tonne or 0.37 per cent from the previous close. Futures...
LME aluminium cash offer rises 0.84% to $3,353/t; stocks remain unchanged at 244,525t
The LME aluminium price moved higher on September 9 compared with the previous trading day, with cash and three-month aluminium prices recording gains, while total warehouse stocks remained unchanged. On September 9, the LME aluminium cash bid price stood at USD 3351.5 per tonne, up USD 27.5 per...
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Three-month LME aluminium closed 1.2% weaker at $1763.5/t, SHFE price decreased to $2088/t
The US dollar slid on Thursday, August 13, against some major currencies such as the euro, Swiss franc, and sterling, weighed down by the impasse in Congress about additional US stimulus to help cope with the coronavirus pandemic. Three-month LME aluminium also trended lower on Thursday, ending 1.2...
Three-month LME aluminium lost 0.06% to US$1,785/t; SHFE aluminium fell 0.49%
Three-month LME aluminium settled 0.06% weaker at US$1,785 per tonne on Wednesday. Open interest added 5,151 lots to 804,000 lots. As of Wednesday August 12, LME aluminium cash (bid) price stands at US$ 1730 per tonne, LME official settlement price stands at US$ 1730 per tonne; 3-months bid price...
Three-month LME aluminium closed firmer at $1786/t, SHFE continued to decline to $2066/t
The US dollar fell from one-week highs on Tuesday, August 11, as investors flocked to currencies that benefit from an improving global market outlook. Three-month LME aluminium finished the day 0.17 per cent firmer at US$ 1,786 per tonne on Tuesday. As of Tuesday, August 11, both LME aluminium cash...
Three-month LME aluminium ended at US$1,783/t; SHFE aluminium declined 0.93%
Three-month LME aluminium rose 1.34% to end at US$1,783 per tonne on Monday. Open interest declined 2,494 lots to 799,000 lots as shorts reduced positions. As of Monday August 10, LME aluminium cash (bid) price stands at US$ 1730 per tonne, LME official settlement price stands at US$ 1730 per...
LME aluminium price edged higher at $1744/t on decreasing opening stock; SHFE stood lower at $2087/t
Three-month LME aluminium fell by 1.04 per cent to end at US$ 1,759.5 per tonne on Friday as the dollar index strengthened. Open interest added 2,430 lots to 802,000 lots as longs added positions. The contract is likely to trade between US $1,740-1,800 per tonne today. As of Friday, August 7, both...
Three-month LME aluminium closed higher at US$1,778/t; SHFE aluminium weakened 1.46%
The dollar rose on Thursday, taking a breather from its recent weakness. LME aluminium strengthened 0.99%. Three-month LME aluminium ended 0.99% higher on Thursday. The price stood at US$1,778 per tonne. As of Thursday August 6, LME aluminium cash (bid) price stands at US$ 1722 per tonne, LME...
LME aluminium price grew six-months high to $1739/t, SHFE declined to $2106/t
The US dollar was under pressure on Wednesday, August 5, from a towering euro and crumbling US yields, as the latest coronavirus relief package got bogged down in Congress and investors braced for a bumpy ride to economic repair. Three-month LME aluminium shed 0.42 per cent to end at US$ 1,760.5...
Three-month LME aluminium closed at US$1,768/t; SHFE aluminium added 0.69%
Three-month LME aluminium finished the day 1.35% firmer at $1,768 per tonne on weaker US dollar index. As of Tuesday August 4, LME aluminium cash (bid) price stands at US$ 1709.50 per tonne, LME official settlement price stands at US$ 1709.50 per tonne; 3-months bid price stands at US$ 1748.50 per...
LME aluminium price closed lower at US$1679.50/t, SHFE increased by US$20/t
Three-month LME aluminium closed 2.02 per cent higher at US$ 1,744.5 per tonne on Monday, August 3. Both LME aluminium cash (bid) price and LME official settlement price, as of Monday, August 3, decreased by US$ 6 per tonne to stand at US$ 1679.50 per tonne. 3-months bid price and 3-months offer...
Three-month LME aluminium closed 0.84% weaker at US$1,710/t; SHFE ended 0.24% lower
US dollar plunged last week. Nonferrous metals prices on the LME were mixed on Friday July 31. LME aluminium fell 0.84%. Three-month LME aluminium closed 0.84% weaker at US$1,710 per tonne on Friday in choppy trading. As of Friday July 31, LME aluminium cash (bid) price stands at US$ 1685.50 per...
LME aluminium price trended up last week from $1661.5/t to $1685.5/t; SHFE price rallied to $2141/t
Three-month LME aluminium rose 0.77 per cent to end at a new more than four-month high of US$1,710 per tonne on Monday, July 27, in choppy trading. On July 28, it strengthened 0.91 per cent to end at US$ 1,725.50 per tonne, after hitting its highest in nearly five months at US$ 1,728 per tonne...
Three-month LME aluminium stood at US$1,724.5/; SHFE finished 1.8% higher at RMB14,720/t
Three-month LME aluminium weakened 0.17% to US$1,724.5 per tonne in choppy trading on Thursday. It is expected to move between US$1,710-1,750 per tonne today. As of Thursday July 30, LME aluminium cash (bid) price stands at US$ 1681.50 per tonne, LME official settlement price stands at US$ 1681.50...
Three-month LME aluminium hit five-month high of US$1,730/t earlier in the session; SHFE aluminium surged 1.5%
Three-month LME aluminium hit a new five-month high of US$1,730 per tonne earlier in the session and ended a tad firmer at US$1,727.5 per tonne on Wednesday. Open interest for the contract shrank to 794,000 lots. It is likely to move between US$1,710-1,750 per tonne today. As of Wednesday July 29,...
Three-month LME aluminium strengthened 0.91% to stand at $1725.5/t, SHFE aluminium price grows to $2094/t
Nonferrous metals on the LME mostly increased, and the US dollar index halted its continuous declines and advanced 0.13 per cent. Three-month LME aluminium strengthened 0.91 per cent to end at US$ 1,725.50 per tonne on Tuesday, July 28, after hitting its highest in nearly five months at US$ 1,728...
Three-month LME aluminium stands 0.77% higher to close at US$1,710/t; SHFE aluminium rose 0.14%
Three-month LME aluminium rose 0.77% to end at a new more than four-month high of US$1,710 per tonne on Monday in choppy trading. It is likely to move at US$1,690-1,730 per tonne today. As of Monday July 27, LME aluminium cash (bid) price stands at US$ 1661.50 per tonne, LME official settlement...
Three-month LME aluminium closed 0.61% lower at $1697/t, SHFE aluminium grew to $2063/t
The US dollar index touched a new 22-month low on Friday, July 24, while the safe-haven yen rose to its highest in more than four-months, as investors reacted to simmering US-China tensions, a continued rise in coronavirus cases as well as hopes for another US stimulus package. Three-month LME...
Three-month LME aluminium rose 1.07% to US$1,707.5/t; SHFE aluminium inched up 0.03%
Three-month LME aluminium hits its highest since March 13 at US$1,709 per tonne earlier in the session, ending up 1.07% to US$1,707.5 per tonne on Thursday. The contract is likely to move at US$1,680-1,720 per tonne today. As of Thursday July 23, LME aluminium cash (bid) price stands at US$ 1661...
LME aluminium price extended growth for the third straight day to $1651/t; SHFE price declined to $2058/t
The US dollar gave up some of its earlier gains recorded on Wednesday, July 22, as investors retreated from the safe-haven asset, following struggles by the US to reach a consensus on further stimulus measures. Three-month LME aluminium fell as much as over 1 per cent last night amid concerns about...
