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 higher at US$1,484/t; SHFE finished the day 0.65% higher
The US dollar index slipped to a one week-low of 99.5. LME aluminium closed 1% higher overnight. The SHFE kept its night trading session suspended. Three-month LME aluminium rallied in the North American trading session, recovering from earlier losses to finish the day 1.02% higher at US$1,484 per...
LME aluminium price plunged to $1421.5/t as US dollar edged higher; SHFE increased to $1643/t
The US dollar index edged higher on Wednesday in choppy trading, attracting safe-haven bids, as investor concerns remained over the economic fallout of the pandemic. Three-month LME aluminium fell to a new more than four-year trough of US$ 1,455 per tonne in the North American trading session,...
COVID19 outbreak fuelling the worldwide aluminium slow demand: Bloomberg Intelligence suggests
The downfall in the aluminium industry could be traced back to the global financial crisis last year that forced many automobile companies and the construction projects to reduce or shut operations, resulting in demand crunch for the lightweight metal, according to Bloomberg observation. The...
LME aluminium price climbed to US$1455.5/t as US dollar dropped below 100 level mark; SHFE price declined
The US dollar index dropped below the 100 level mark on Tuesday as risk appetite improved on hopes that lockdowns may be slowing the spread of the coronavirus in some countries and as action by central banks eased dollar strain. Three-month LME aluminium climbed to an intraday high of US$ 1,500 per...
Three-month LME aluminium dropped to its lowest since January 2016; SHFE reopens higher after Qingming holiday
The US dollar held firm at more than one-week highs against a basket of currencies on Monday, April 6. LME aluminium closed lower overnight. The SHFE kept its night trading session suspended. Three-month LME aluminium fell to its lowest since January 2016 at US$1,459.5 per tonne in late European...
LME aluminium rose 0.24% to close the week at US$ 1452 per tonne; SHFE aluminium added 1.67%
Benchmark aluminium price on London Metal Exchange slightly increased by 0.24 per cent to US$ 1452 per tonne on Friday, April 3, from US$ 1448.5 per tonne on April 2. As of Friday, April 3, LME aluminium cash (bid) price stands at US$ 1452 per tonne, LME official settlement price stands at US$ 1452...
Vedanta's aluminium ingots prices now at INR127,250-140,250/t after sixth consecutive cut
Vedanta for the sixth consecutive time has cut its aluminium ingots prices by nearly 1 per cent, with effect from Wednesday, April 1. The company had cut the prices of these products by 2 to 3 per cent. After the cut with effect from April 1, Vedanta is now selling ingots at INR 127,250 per tonne...
Three-month LME aluminium slipped to the four-years lowest at $1504/t this week; SHFE ended at $1628/t
With the beginning of this week, the US dollar rebounded against major currencies and riskier emerging market units, snapping a week of declines as investors braced for prolonged uncertainty and governments tightened lockdowns and launched monetary and fiscal measures to fight the coronavirus...
LME aluminium price continues to decline to $1448.5/t while SHFE aluminium increases to $1628/t
Three-month LME aluminium rallied from a new four-year trough of US$ 1,481 per tonne touched in North American trading hours, finishing the day higher at US$ 1,504 per tonne. The build-up of long positions primarily accounted for the gains on the day. LME aluminium is expected to continue to trade...
Three-month LME aluminium extended its decline to a four-year low; SHFE aluminium slipped 1.21%
The US dollar advanced against a basket of major currencies on Wednesday, April 1. The US dollar index was up 0.6% at 99.52. Aluminium extended its decline to a four-year trough and shed 2% on the day. The SHFE kept its night trading session suspended. Three-month LME aluminium extended its decline...
Three-month LME aluminium fell to its lowest since April 2016; SHFE aluminium added 0.13%
The US dollar fell against a basket of major currencies on Tuesday, March 31. LME aluminium closed 0.2% lower overnight. The SHFE kept its night trading session suspended. Three-month LME aluminium slipped to its lowest since April 2016 at US$1,507 per tonne in the North American trading session....
LME aluminium price declined by $11/t to stand at $1506/t; SHFE dipped marginally to $1628/t
The US dollar rebounded against major currencies and riskier emerging market units on Monday, snapping a week of declines as investors braced for prolonged uncertainty and governments tightened lockdowns and launched monetary and fiscal measures to fight the coronavirus pandemic. Three-month LME...
Three-month LME aluminium rallied on Friday; SHFE closed higher at RMB11,740 /t
The US dollar fell against a basket of currencies for a fourth straight day on Friday March 27. LME aluminium rose 0.8%. The SHFE kept its night trading session suspended. Three-month LME aluminium rallied on Friday. It finished the day at US$1,552.5 per tonne, a weekly decline of 1.6%. Shanghai...
ALRO’s aluminium production and sales trended down in 2019; Beginning of 2020 sees COVID-19 impact
ALRO Group, one of the largest vertically integrated aluminium producers in Europe, has announced its financial results of 2019, revealing a downfall in sales from RON 2.98 billion in 2018 to RON 2.78 billion in 2019, primarily as a result of unfavourable international and national market...
Three-month LME aluminium fell to its lowest since April 2016; SHFE aluminium gained 0.95%
The US dollar extended its decline to the weakest against a basket of currencies in more than a week on Thursday. LME aluminium shed 0.5% overnight. The SHFE kept its night trading session suspended. Three-month LME aluminium slipped to its lowest since April 2016 at US$1,528 per tonne in early...
LME aluminium price declined sharply to $1507.5/t; SHFE rose for the fourth day in a row to $1632/t
The US dollar extended its decline on Wednesday as a US$ 2 trillion US stimulus bill helped boost risk appetite and reduced demand for the safe haven currency. The US dollar index, which tracks the greenback against a basket of its peers, hits its lowest in a week. Three-month LME aluminium pulled...
Three-month LME aluminium decreased to close at US$1,554.5/t; SHFE ended 0.53% higher
The US dollar fell against a basket of currencies on Tuesday. LME aluminium and lead, closed lower overnight. The SHFE kept its night trading session suspended. Three-month LME aluminium weakened in a volatile trading session and ended at US$1,554.5 per tonne. Shanghai Metals Market expects the...
Three-month LME aluminium ended the day lower at $1,560/t; SHFE aluminium records a hike to $1603/t
The US dollar dropped against a basket of currencies overnight after the US Federal Reserve the Federal Reserved announced aggressive asset purchases to support markets. Three-month LME aluminium rebounded to an intraday high of US$ 1,580 per tonne after plumbing its lowest since June 2016 at US$...
