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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LME was closed on Monday for spring bank holiday; SHFE price expanded growth to US$1854/t
The US dollar edged higher against a basket of rivals on Monday, while oil prices eased on concerns over rising tensions between the US and China over Beijing’s plans to impose security laws on Hong Kong and the possibility of sanctions from Washington. The London Metal Exchange was closed on...
Three-month LME aluminium slipped 1.15%; SHFE aluminium fell 0.43%
The US dollar continued its rally against a basket of rivals on Friday. LME aluminium dropped 1.2% and SHFE aluminium lost 0.1%. Three-month LME aluminium slipped to an intraday low of US$1,493 per tonne in European trading hours on Friday. It closed close the day 1.15% lower at US$1,503.5 per...
Indian aluminium producers to overcome COVID-19 impact with rising exports and low input costs: Crisil
A new sector report by Crisil indicates that Indian aluminium producers are likely to sail through the COVID19 impacts smoothly with rising aluminium exports, lower input costs, and cost efficiency strategies curated by the industry. "The domestic sales loss has been offset by companies adroitly...
LME aluminium price jumped to US$1487/t, while SHFE continued to decline by US$22.89/t
The US dollar rebounded on Thursday, while stocks on Wall Street fell as growing Sino-US tensions and dismal economic data weighed on investor sentiment. The US dollar index, which measures the greenback’s strength against a basket of currencies, rose 0.26 per cent to 99.4425. Three-month LME...
LME aluminium price declined by US$10/t on opening stock hike by 30,050 tonnes; SHFE price dropped
The US dollar index rose slightly on Thursday morning, after touching its lowest since May 1 at 99.0014 overnight. Three-month LME aluminium resumed its rally on Wednesday, gaining 1.78 per cent to end at a three-week peak of US$ 1,515 per tonne. Optimism surrounding economic recovery is expected...
Three-month LME aluminium shed 0.77%; SHFE aluminium closed 1.3% higher at RMB12,850/t
The US dollar slipped to its lowest in more than two weeks against a basket of its peers on Tuesday. LME aluminium retreated 0.8% and SHFE aluminium fell 0.4%. Three-month LME aluminium dropped 0.77% to end at US$1,488.5 per tonne on Tuesday. Shanghai Metals Market expects the contract to move at...
LME aluminium price edged higher on Monday after a week-long decline; SHFE price climbed by US$42/t
The US dollar index, which tracks the greenback against a basket of its peers, dropped below the 100 mark and suffered the biggest one-day loss in six weeks on the jump in oil prices and gains in stocks. Three-month LME aluminium advanced 2.74 per cent to a one-week peak of US$ 1,500 per tonne on...
Three-month LME aluminium slid 1.08%; SHFE closed 0.92% higher on Friday
The US dollar was little changed against a basket of rivals on Monday morning day, holding onto gains from last week. LME aluminium dropped 1.1% and SHFE aluminium stayed flat. Three-month LME aluminium slid 1.08% to end at its lowest since April 8 at US$1,460 per tonne on Friday. Shanghai Metals...
LME aluminium price trended down this week from US$1454.5-1432.5/t, while SHFE price edged higher at US$1831/t
The US dollar index, which tracks the greenback against a basket of its peers, returned above the 100-mark on Monday, May 11. On Tuesday, the dollar fell but managed to erase earlier losses on Wednesday to trade largely flat against a basket of currencies. On Thursday, May 14, the US-dollar hit a...
LME aluminium price edged lower at US$1433.5/t; SHFE aluminium price jumped to US$1831/t
The US dollar hit a three-week high on Thursday before giving back much of those gains, as investors continued to digest Federal Reserve Chairman Jerome Powell’s dismissal of speculation over US interest rates entering negative territory and his glum forecast for the economy. Three-month LME...
Three-month LME aluminium closed 0.24% lower; SHFE aluminium fell 0.12%
The US dollar erased earlier losses to trade largely flat against a basket of currencies on Wednesday. LME aluminium sank 0.2% and SHFE aluminium firmed 0.3%. Three-month LME aluminium hit an intraday high of US$1,486 per tonne before easing to close down 0.24% at US$1,476 per tonne. LME aluminium...
Three-month LME aluminium slipped on Tuesday by 1.14% to US$1,479.5/t; SHFE plunged to US$1802/t
The US dollar fell on Tuesday as the US Federal Reserve started its long-anticipated program to buy corporate bonds and the exchange traded funds that track them, but declines were kept in check by growing fears of a second wave of infections. Three-month LME aluminium slipped on Tuesday, erasing...
Three-month LME aluminium closed 0.3% higher at US$1,496.5/t; SHFE aluminium climbed 1.05%
The US dollar index, which tracks the greenback against a basket of its peers, has returned above the 100-mark. LME base metals closed mostly higher on Monday. LME aluminium gained 0.3% and SHFE aluminium rose 0.8%. Three-month LME aluminium closed 0.3% higher at US$1,496.5 per tonne. Shanghai...
LME aluminium price trended up last week from US$1437/t to US$1450/t; SHFE increased today to US$1820/t
The US dollar declined in late trading on Friday, May 8, after official data showed a record 20.5 million job loss in the world's largest economy in April. But the greenback was on track to post its largest weekly gain compared with the euro in more than a month, although that was more related to...
Three-month LME aluminium closed the day 0.64% higher; SHFE aluminium fell 0.8%
The US dollar fell from two-week highs on Thursday, May 7. LME base metals extended their increase for the most part. LME aluminium advanced 0.64% and SHFE aluminium shed 0.52%. Three-month LME aluminium closed the day 0.64% higher at US$1,492 per tonne. LME aluminium is still under pressure from...
LME aluminium extended growth to US$1443/t on lower opening stock; SHFE increased to US$1816/t
The US dollar continued to rebound on Wednesday, as investors turned to the safe-haven currency in the wake of dire global economic data. The greenback advanced to its highest in more than a week against a basket of major currencies. Three-month LME aluminium came off after climbed, closing down...
LME aluminium closed yesterday's trading slightly higher; SHFE opened higher after the Labour Day holiday
The US dollar increased on Tuesday. LME base metals rose across the board on Tuesday. LME aluminium increased 0.37%. SHFE aluminium opened higher on Wednesday as trading resumed from the five-day Labour Day holiday. SHFE aluminium rose more than 1%. Three-month LME aluminium stood higher on Tuesday...
LME aluminium started the week with lowered price at US$1437/t; SHFE closed for Labour Day holidays
Benchmark aluminium price on London Metal Exchange further dropped, although slower, to close at US$1437 per tonne on Monday, May 4, down 0.21 per cent from the previous day’s close at US$ 1440 per tonne. Both LME aluminium cash (bid) price and LME official settlement price extended their decline...
