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 at its three-year low; SHFE extended decline to US$1,911/t
The US dollar fell on Thursday as investors bet the Federal Reserve would cut interest rates to offset the impact of the spreading coronavirus amid the rapid rise in the number of COVID-19 cases. The dollar index, which tracks the greenback against a basket of other currencies, slipped to 98.36,...
Coronavirus takes massive toll on China’s aluminium value-chain market: Source
Just when the demand for aluminium was rebounding and manufacturing revival was showing encouraging signs towards the end of 2019, the deadly Coronavirus made its appearance in China at the beginning of 2020 and took a toll on almost all parts of the world. The global aluminium market in 2019 was...
Three-month LME aluminium ended at US$1,702/t; SHFE aluminium to remain weak in the short term
The US dollar index was little changed on Wednesday as coronavirus headlines sapped sentiment. The dollar index, which tracks the greenback against a basket of other currencies, edged up 0.14% and ended at 99.12. LME base metals fell for the most part. LME aluminium went flat. Three-month LME...
Three-month LME aluminium closed 0.18% higher; SHFE aluminium gained about 0.2%
The US dollar index declined on Tuesday, 25 February 2020. The dollar index, which tracks the greenback against a basket of other currencies, dipped 0.3% and ended at 98.97. LME base metals traded mostly higher. LME aluminium gained 0.2%. Three-month LME aluminium rebounded on short-covering,...
Three-month LME aluminium closed lower at US$1,699/t; SHFE fell to a one-year low
The US dollar continued to decline on Monday after a large bullish breakout last week, in a risk-off move spurred by the rise in coronavirus cases. LME base metals fell across the board last night. LME aluminium went down 0.7%. Three-month LME aluminium slipped to a session low of US$1,690 per...
LME aluminium price recorded a fall of US$10/t; SHFE continued to decline to RMB13,580/t
The US dollar declined last Friday as downbeat US economic data grew concerns that the coronavirus outbreak has taken a toll on the US economy. Three-month LME aluminium pared some losses after it broke down US$ 1,710 per tonne, ending 0.06% lower on the day at US$ 1,711 per tonne. A softened US...
Century Aluminium posts a 2% quarterly growth in shipments in Q4 2019; Net sales decreased by 1%
Century Aluminium, on Friday, February 21, announced a 2 per cent quarterly rise in primary aluminium shipments in Q4 2019 and 8 per cent year-on-year growth in the whole of 2019. In Q4, the shipments totalled at 202,870 tonnes compared with 198,543 tonnes in Q3, while that in the entire 2019 came...
Three-month LME aluminium closed 0.75% lower; SHFE aluminium fell close to 0.3%
The US dollar rose almost 2% on Tuesday against the yen, reaching its highest in almost 10 months. LME base metals fell across the board last night. LME aluminium declined 0.8%. Three-month LME aluminium hovered weakly around US$1,710 per tonne and finished the session 0.75% lower at US$1,712 per...
Three-month LME rallied to US$1,725/t amidst US dollar hike to three-year high; SHFE decreased by US$8/t
The US dollar rose on Wednesday to near a three-year high against a basket of other currencies, as a decline in the number of new coronavirus cases in China and expectations for more stimulus measures boosted investors’ appetite for risk. Three-month LME aluminium rallied after fell to a session...
Three-month LME aluminium closed at US$1,721.5/t; SHFE aluminium gained 0.33%
The US dollar rose on Tuesday to its highest in nearly three years against the euro. LME aluminium added 0.3%. Three-month LME aluminium increased 0.26% on the day at US$1,721.5 per tonne, but the increase remained capped by a strengthened US dollar. The contract is likely to trade between...
Three-month LME aluminium slipped on strongest US dollar index in past 4 months; SHFE aluminium rose
The US dollar index held steady on Monday and climbed to the highest level at 99.211 since October 8, 2019. Three-month LME aluminium slipped to close at US$ 1,700 per tonne and finished the day 0.17 per cent lower at US$ 1,717 per tonne, primarily attributed to stronger US dollar and rebound in...
Three-month LME aluminium lost 1.19% on Friday; SHFE aluminium fell for three consecutive days
Concerns about the extent of the coronavirus (COVID-19) in China supported the US dollar and the safe-haven yen. The US dollar index, which measures the currency against a basket of rivals, rose to its strongest since October. LME base metals fell across the board last Friday night. LME aluminium...
LME aluminium price showed growing trend throughout this week on decline opening stock; SHFE contract recorded downfall
The US dollar on Monday, February 10, rose to a four-month peak against the euro, but eased off on the subsequent day. However, on February 12 and 13, it again increased, as investors expressed confidence that the novel coronavirus outbreak would be contained soon. Three-month LME aluminium dropped...
LME aluminium recorded steep decline on continuous US dollar rise; SHFE fell too for the second consecutive day
The US dollar continued to rise on Thursday as investors expressed confidence that the novel coronavirus outbreak will be contained soon. Three-month LME aluminium advanced to a two-week high before it finished the trading day 1.15 per cent higher at US$ 1,755 per tonne. Falling inventories across...
LME aluminium price rose 1.04% to US$ 1707/t; SHFE contract ended 0.25% lower
The US dollar rose to its highest against the euro in more two-years on Wednesday. LME aluminium eased 0.32% last night. Benchmark aluminium price on London Metal Exchange closed higher at US$ 1707 per tonne on Wednesday, up 1.04% from Tuesday's close of US$ 1689.5 per tonne. As on Wednesday...
Novelis’ Q3 FY2020 net sales declines 10% YoY on lower average LME aluminium prices
Novelis Inc., the world leader in aluminium rolling and recycling, reported net income of $107 million in Q3 FY2020, compared to $78 million in the prior year period. Excluding tax-effected special items, net income stood at $132 million, up 31 per cent year-on-year on higher Adjusted EBITDA....
Three-month LME aluminium rallied 1.87% on Tuesday; SHFE rose to its highest since February at RMB13,840/t
The US dollar eased off four-month highs against a basket of its rivals on Tuesday. LME base metals closed higher across the board overnight. LME aluminium jumped 1.9% and SHFE aluminium advanced about 0.7%. Three-month LME aluminium rallied 1.87% on Tuesday to end at US$1,739 per tonne. The...
Three-month LME aluminium dropped for the second consecutive day; SHFE closed higher at RMB13,715/t
The US dollar continued to rise and hit a four-month high against the euro on Monday. LME base metals closed mixed on Monday. LME aluminium fell 0.81%. Three-month LME aluminium dropped for the second consecutive day. It finished the Monday session at US$1,707 per tonne, down 0.81%. The contract is...
