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$1,721/t; SHFE 2003 contract gained for the fourth consecutive day
The US dollar rose to a four-month peak against of basket of major currencies on Friday. LME base metals fell across the board. LME aluminium fell 1.12%. Three-month LME aluminium pared some losses after slipped to an intraday low of US$1,706.5 per tonne on loaded-up shorts. It closed 1.12% lower...
Three-month LME aluminium closed higher at US$1,740.5/t; SHFE aluminium climbed 0.4%
The US dollar hit a new two-month high against a basket its rivals on Thursday, as China announced it will halve tariffs on a slew of US products. LME aluminium advanced 0.9% and SHFE aluminium gained 0.4%. Three-month LME aluminium recovered earlier losses to a one-week high of US$1,751 per tonne...
LME aluminium rose to US$1688/t despite US dollar extended its rally; SHFE aluminium recorded growth too
The US dollar extended its rally to a two-month peak against a basket its rivals on Wednesday, as reports of a possible treatment for the new coronavirus and strong US jobs data boosted investor sentiment. Three-month LME aluminium rallied to an intraday high of US$1,728 per tonne on Wednesday...
Three-month LME aluminium closed the trading day 0.15% higher at US$1,699 per tonne; SHFE aluminium fell 0.37%
The US dollar rose against a basket its rivals for a second straight day on Tuesday. LME base metals cruised broadly higher on Tuesday. LME aluminium gained closed to 0.2%. Three-month LME aluminium boomeranged on Tuesday, creeping up to an intraday high of US$1,721 per tonne before sinking to a...
LME aluminium continued to inch down to $1694.50/t; US dollar recovered from two-week lows
The US dollar recovered from two-week lows against a basket its rivals on Monday, as stronger-than-expected manufacturing data boosted investor sentiment. Fears about the coronavirus, meanwhile, eased after China took measures to cushion the impact of the new epidemic and pledged to do more to...
Three-month LME aluminium fell to its lowest in more than three months at US$1,714/t; SHFE dropped after CNY holidays
The US dollar dropped to two-week lows against a basket its rivals on Friday. LME aluminium price fell to the lowest since 22 October. LME price closed at US$ 1709.5 per tonne on Friday, January 31. Three-month LME aluminium slipped to its lowest in more than three months at US$1,714 per tonne on...
LME aluminium dropped to the lowest since October at US$ 1722.5/t
LME aluminium price dropped to the lowest since 25 October. Benchmark aluminium price on London Metal Exchange closed at US$ 1722.5 per tonne on Thursday, January 30, a decrease of 0.58% from US$ 1732.5 per tonne on Wednesday. As on Thursday January 30, LME aluminium cash (bid) price stands at US$...
LME aluminium price closed lower at US$ 1732.5/t on Wednesday
Benchmark aluminium price on London Metal Exchange closed at US$ 1732.5 per tonne on Wednesday, January 29, a decrease of 0.69% from US$ 1744.5 per tonne on Tuesday. As on Wednesday January 29, LME aluminium cash (bid) price stands at US$ 1732 per tonne, LME official settlement price stands at US$...
LME aluminium price shed 0.63% to US$ 1744.5/t; SHFE closed for Chinese New Year holiday
Benchmark aluminium price on London Metal Exchange was down 0.63% on Tuesday, January 28 to closed at US$ 1744.5 per tonne, from US$ 1755.5 per tonne on Monday, January 27 As on Tuesday January 28, LME aluminium cash (bid) price stands at US$ 1744 per tonne, LME official settlement price stands at...
LME aluminium price dropped 1.13% to US$ 1755.5/t on Friday
Benchmark aluminium price on London Metal Exchange opened lower at US$ 1755.5 per tonne on Monday, January 27. That was down 1.13% from Friday’s close of US$ 1775.5 per tonne. As on Monday January 27, LME aluminium cash (bid) price stands at US$ 1755 per tonne, LME official settlement price stands...
LME aluminium closed the week slightly lower on Friday
Benchmark aluminium price on London Metal Exchange dropped 0.34 per cent to US$ 1775.5 per tonne on Friday, from US$ 1781.5 per tonne on Thursday. As on Friday January 24, LME aluminium cash (bid) price stands at US$ 1775 per tonne, LME official settlement price stands at US$ 1775.5 per tonne;...
LME aluminium price closed Thursday's trading at US$ 1781.5/t; SHFE aluminium lost 0.2%
Benchmark aluminium price on London Metal Exchange dropped 1.44 per cent to US$ 1781.5 per tonne on Thursday, January 23, from US$ 1807.5 per tonne on Wednesday. As on Thursday January 23, LME aluminium cash (bid) price stands at US$ 1781 per tonne, LME official settlement price stands at US$...
Three-month LME aluminium climbed to its highest in more than two weeks; SHFE aluminium edged down
The US dollar on Wednesday fell against a basket its rivals, easing off one-month highs. LME base metals, except for lead, closed lower across the board on Wednesday. LME aluminium declined 1% and SHFE aluminium traded higher. LME aluminium closed Wednesday’s trading at US$ 1807.5 per tonne, down...
Three-month LME aluminium rose to its highest in more than a week; SHFE weakened 0.84% to RMB14,120/t
The US dollar recovered from earlier losses to hold near a one-month high against a basket its rivals on Tuesday. Three-month LME aluminium rose to its highest in more than a week at US$1,827 per tonne, up 0.55% on the day. The contract is likely to trade between US$1,800-1,830 per tonne today. As...
LME aluminium continued to increase on low opening stocks and dollar price; SHFE aluminium edged down
The US dollar edged lower against a basket its rivals on Monday, holding near a one-month high after last Friday’s jump on data that confirmed the US economy is holding up well. Moves were slight and volumes thin as Lunar New Year approaches in Asia and with US markets closed for Martin Luther King...
Three-month LME aluminium closed lower at US$1,805.5/t on Friday; SHFE aluminium advanced 1.23%
The US dollar rose a four-week high against a basket its rivals on Friday. LME base metals closed mixed on Friday. LME aluminium shed 0.2% and SHFE aluminium lost 0.3%. LME aluminium gained to close Friday’s trading 0.11% higher at US$1,796/t on Friday. Three-month LME aluminium ended at US$1,805.5...
LME aluminium recorded relentless hikes this week on incessant stock decline; SHFE aluminium showed a steady trend
After a little ease last week, on Friday, January 10, on the news of the Trump administration imposing fresh sanctions on Iran and weaker-than-expected US jobs data, the US dollar on Monday, January 13, began the week steadily and continued to remain so the next day. However, on Wednesday and...
LME aluminium soared on low opening stock and plunged US dollar; SHFE rallied
The US dollar rallied from one-week lows against a basket its rivals on Thursday, January 16, as investors digested solid data on the US economy. Three-month LME aluminium climbed to a one-week high of US$ 1,818 per tonne on Thursday, before it finished the trading day 0.5 per cent firmer at US$...
