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 aluminium dropped further to close at US$1,440/t; SHFE remained closed for Labour Day
Benchmark aluminium price on London Metal Exchange dropped further to close at US$1440 per tonne on Friday, May 1, down 1.4 per cent from the previous day’s close at US$ 1460.5 per tonne. As of Friday, May 1, LME aluminium cash (bid) price stands at US$ 1440 per tonne, LME official settlement price...
LME aluminium price trended down this week ranging between US$ 1472.5-1440 per tonne; SHFE aluminium grew to US$1800/t
The US dollar declined throughout the week. The dollar index, which tracks the greenback against a basket of other currencies, stood at 99.501 on Wednesday, April 29. Benchmark aluminium price on London Metal Exchange decreased from US$ 1472.5 per tonne on Monday, April 27, to US$ 1440 per tonne on...
LME aluminium price lowered at US$1460.5/t on April 30 while opening stock remained flat
Benchmark aluminium price on London Metal Exchange dropped by US$ 3.5 per tonne from US$ 1464 per tonne to US$ 1460.5 per tonne, as of Thursday, April 30. Both LME aluminium cash (bid) price and LME official settlement price declined from US$ 1464 per tonne on April 29 to US$ 1460.5 per tonne on...
LME aluminium closed Wednesday’s trading at US$ 1464/t; SHFE aluminium stood 1% higher
The US dollar declined on Wednesday. The dollar index, which tracks the greenback against a basket of other currencies, dipped 0.02% and ended at 99.501. LME aluminium went flat and SHFE aluminium advanced 1%. Benchmark aluminium price on London Metal Exchange dropped 0.07% per cent to US$ 1464 per...
LME aluminium price further declined to US$1465/t on extended opening stock hike; SHFE contract rallied to six-week peak
The US dollar fell for the second day on Tuesday, April 28, as investors put pressure on safe-haven currencies as they eyed the Federal Reserve’s meeting and rebalanced portfolios ahead of the end of the month. Month-end rebalancing is negative for the greenback, with the US dollar likely to be...
LME aluminium price opened the week lower at US$ 1472.5/t; SHFE contract hit a one-week high
The US dollar declined on Monday, April 27. LME base metals ended mixed Monday. LME aluminium fell 0.5% and SHEF aluminium rose 1.1%. Benchmark aluminium price on London Metal Exchange dropped 0.03 per cent to US$ 1472.5 per tonne on Monday, April 27, from US$ 1473 per tonne on Friday. As of...
LME aluminium price dipped marginally at $1473/t on a slight rise in opening stock; SHFE extended growth at $1756/t
The US dollar edged lower against the euro on Friday, April 24, ending a four-day winning streak, but broader concerns about the euro's outlook kept dollar bears at bay. The dollar index, which tracks the greenback against a basket of other currencies, lost 0.28 per cent to 100.22, after hitting...
Three-month LME aluminium shed 0.66%; SHFE aluminium climbed 0.9%
The US dollar climbed slightly on Thursday. LME aluminium shed 0.66% and SHFE aluminium climbed 0.9%. Three-month LME aluminium trimmed some declines during the European trading hours. It bounced back from a session low of US$1,503 per tonne, closing 0.66% lower on the day at US$1,510 per tonne....
LME aluminium price moved higher at US$1461.5/t with strengthened SHFE at US$1751/t
The US dollar declined on Wednesday, April 22, giving up some gains from the previous day, as oil prices bounced back and eased investors demand for safe havens. But the greenback remained well supported amid persisted concerns about the uncertainty around the coronavirus crisis. Three-month LME...
LME aluminium closed Tuesday’s trading at 1443.5/t; SHFE aluminium fell 2%
The US dollar extended its increase on Tuesday. The dollar index, which tracks the greenback against a basket of other currencies, added 0.24% and finished at 100.19. LME base metals fell across the board overnight. LME aluminium lost 1%. Benchmark aluminium price on London Metal Exchange dropped...
LME aluminium price slipped sharply to US$1451.50/t on increase in opening stocks; SHFE extended growth to US$1752/t
The US dollar was slightly higher on Monday as plunged oil prices weighed on oil-linked currencies and as investors braced for a tough quarter ahead. Investors also awaited the outcome of a European Union summit this week on how to tackle economic fallout from the coronavirus crisis. The dollar...
Three-month LME aluminium dropped 0.53% on Friday; SHFE hit its highest since March 19
The US dollar edged lower last Friday, April 17. The dollar index, which tracks the greenback against a basket of other currencies, shed 0.36% on Friday and ended at 99.71, 0.22% higher on the week. LME aluminium shed 0.53% and SHFE aluminium advanced 3.2%. Three-month LME aluminium lost gains from...
LME aluminium price displayed a bullish trend this week amidst rising opening stock; SHFE edged higher
The US dollar was roughly flat on the first day of the week, April 13, amid thin trades with Europe out on holiday. The dollar index, which tracks the greenback against a basket of other currencies, was little changed on the day and finished at 99.504. On Tuesday, it declined to 98.875 as risk...
LME aluminium price increased to $1476/t amidst one-week high US dollar; SHFE expanded to $1715/t
The US dollar rose to a one-week high on Thursday as investors continued to search for safe haven following gloomy US jobless data. The dollar index, which tracks the greenback against a basket of other currencies, added 0.28 per cent and ended at 99.9. As of Thursday, April 16, both LME aluminium...
Three-month LME aluminium finished 0.2% lower; SHFE aluminium jumped 1.5%
The US dollar rose on Wednesday. The dollar index, which tracks the greenback against a basket of other currencies, rebounded 0.71% to end at 99.573. Overnight, LME base metals failed to hold onto gains from Tuesday. LME aluminium fell 0.2% while SHFE aluminium jumped 1.5%. Three-month LME...
Three-month LME aluminium rebounded at $1515/tonne; SHFE aluminium grew to RMB1681/t
The US dollar declined on Tuesday as risk appetite returned to the market after the better-than-expected economic data from China dispelled some concerns about the coronavirus impact on the world’s second-largest economy. The dollar index, which tracks the greenback against a basket of other...
LME remains closed for Easter Monday holiday; SHFE aluminium dips
The US dollar was roughly flat on Monday amid thin trades with Europe out on holiday. The dollar index, which tracks the greenback against a basket of other currencies, was little changed on the day and finished at 99.504. LME was closed on April 13 on account of Easter Monday, and trades will...
LME closed for Good Friday holiday; SHFE aluminium rose 1.76%
The US dollar declined on Friday, April 13. The dollar index, which tracks the greenback against a basket of other currencies, dipped 0.05% to 99.495. The London Metal Exchange was closed on Friday for the Good Friday holiday. As of Thursday, April 9, LME aluminium cash (bid) price stands at US$...
