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 price almost stands flat at US$1580.5/t; SHFE declines to US$1598/t
The US dollar returned towards a three-year peak against a basket of currencies on Friday, after a pull-back earlier in the day. The greenback enjoyed its strongest week since the financial crisis last week as a global scramble for funding sent other currencies reeling. Three-month LME aluminium...
Three-month LME aluminium slides to lowest since September 2016; SHFE aluminium declines 5.41%
The US dollar rose against a basket of currencies for a third straight day on Thursday, March 18. Three-month LME aluminium slipped to lowest since September 2016 at US$1,579.5 per tonne in the final minutes of Asian trading session. It ended lower at US$1,629.5 per tonne. Shanghai Metals Market...
LME aluminium price stood further down at US$1602.5/t as US dollar surpassed 100 mark; SHFE slashed to US$1693/t
The US dollar extended its gains against a broad range of currencies on Wednesday, surpassing the 100 mark for the first time since 2017, as companies and investors worried by the coronavirus outbreak rushed to the world’s most liquid currency. Three-month LME aluminium rebounded in European and...
Three-month LME aluminium ended at US$1639/t; SHFE further fell to US$1801/t
The US dollar surged against a broad range of currencies on Tuesday as companies and investors sought out the most liquid currency as concerns about economic shutdowns from the coronavirus continued to dent risk appetite. Three-month LME aluminium rebounded somewhat in North American trading hours...
Three-month LME aluminium rebounded towards US$1700/t level; SHFE declined to US$1815/t
The US dollar fell against a broad range of currencies after Wall Street sank overnight even as the Federal Reserve embarked on a massive monetary stimulus campaign to curb slower economic growth amid the coronavirus outbreak. Three-month LME aluminium rebounded towards the US$ 1,700 per tonne mark...
LME aluminium closed the week higher on weak dollar; SHFE aluminium gained 0.4%
The dollar fell against a broad range of currencies on Friday, 13 March. LME base metals rallied to close mostly higher on Friday. LME aluminium rose 1.7%. Three-month LME aluminium rose past the US$1,700 per tonne mark before erasing some gains to end at US$1,690 per tonne. Shanghai Metals Market...
LME three-month aluminium ended down 0.63% on the day at US$1,661.5/t; SHFE closed at RMB12,870/t
The US dollar rose sharply on Thursday, 12 March. The dollar index, which tracks the greenback against a basket of other currencies, increased to the highest level in two weeks at 98.33. LME base metals fell across the board on Thursday. LME aluminium eased 0.63%. LME three-month aluminium slipped...
Three-month aluminium closed 1.76% lower from the previous day; SHFE dropped for fifth consecutive day
The US dollar declined before recovered some losses on Wednesday, as fears over the coronavirus pushed investors into safe havens, while sterling rebounded after the Bank of England unexpectedly cut interest rates. The Standard & Poor's 500 Index plunged again on Wednesday, narrowly avoiding its...
Three-month LME aluminium dropped to the lowest level since October 2016; SHFE aluminium fell sharply on Monday
The US dollar dived against the euro and yen on Monday, 9 March. The dollar index, which tracks the greenback against a basket of other currencies, slipped to the lowest level since September 2018 at 94.63. LME aluminium gained 0.21%. Three-month LME aluminium dropped to the lowest level since...
LME aluminium price climbed up to US$1689/t amidst the biggest gain of US dollar in last three years
The US dollar rebounded on Tuesday after consecutive days of major losses, as signs of global policy easing to cushion the economic impact from the COVID-19 epidemic eased some of the investors’ concerns. The dollar index, which tracks the greenback against a basket of other currencies, climbed to...
Three-month LME aluminium lost 1.86% last Friday amidst the US dollar’s biggest weekly decline
The US dollar recorded the biggest weekly decline in nearly three years while the Japanese yen strengthened as the widening reach of the coronavirus sent investors scrambling for safety. The dollar index, which tracks the greenback against a basket of other currencies, slipped to the lowest level...
Three-month LME aluminium stood as low as US$1,722.5/tonne this week; Dollar index plunged lowest since January 2
The US dollar fell on the first two day of the week. On Monday, the dollar index, which tracks the greenback against a basket of other currencies, slipped to the lowest level since January 16, at 97.18. On the next succeeding day, it declined further lowest since January 8 at 96.92. On March 4, the...
LME aluminium price plunged to $1715/t with the US dollar decline to eight-week low; SHFE price dropped too
The US dollar slipped to a fresh eight-week low as US benchmark 10-year Treasury yields declined and traders bet the Federal Reserve will cut interest rates further, after slashing them by 50 basis points this week. The dollar index, which tracks the greenback against a basket of other currencies,...
LME aluminium price inched up to US$1723.5/t while the US dollar recovered lost ground
The US dollar recovered lost ground on Wednesday, March 4, after a day of an emergency interest rate cut by the Federal Reserve knocked the greenback to an eight-week low. The dollar index, which tracks the greenback against a basket of other currencies, bounced back 0.43% and hit an intraday high...
Three-month LME aluminium extended growth by 0.67% on the lowest dollar index since early this year
The US dollar fell across the board after the US Federal Reserve cut interest rates on Tuesday, March 3, in an emergency move designed to shield the economy from the impact of the coronavirus.The dollar index, which tracks the greenback against a basket of other currencies, slipped to the lowest...
Three-month LME aluminium closed 0.88% higher; SHFE aluminium closed at RMB13,255/t
The US dollar extended its decline on Monday, 02 March 2020. The dollar index, which tracks the greenback against a basket of other currencies, once slipped to the lowest level since January 16, at 97.18. LME base metals increased across the board. LME aluminium gained 0.88%. Three-month LME...
Three-month LME aluminium dropped to the lowest level since November 2016; SHFE aluminium fell 2.5%
The US dollar declined to a 20-week low against the Japanese yen on last Friday. LME base metals closed mostly lower on Friday. But LME aluminium gained 0.65%. Three-month LME aluminium fell to the lowest level since November 2016, at US$1,665 per tonne. But it closed 0.65% higher on the day at...
Rusal’s primary aluminium production in Q4 2019 grew around 1%, while in the full year remained flat
United Company Rusal, the world’s second-largest aluminium company by primary production, posted that its primary aluminium output in the whole year of 2019 remained flat at 3.757 million tonnes, in contrast to 3.756 million tonnes in 2018. In the fourth quarter of the year, the growth in primary...
