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 lower at US$1,800/t; SHFE aluminium regained losses
The US dollar fell to a one-week low against a basket its rivals on Wednesday, as the US and China signed a deal that will roll back some tariffs. LME aluminium price closed higher at US$1,778.5 per tonne on Wednesday, from US$1,767.5 per tonne. Three-month LME aluminium ended at US$1,800 per tonne...
LME aluminium inched up by US$1 per tonne amidst steady US dollar; SHFE aluminium narrowed by 0.32%
The US dollar held steady against a basket its rivals on Tuesday, while sterling was the weakest performer after tepid growth increased the likelihood that the Bank of England will cut interest rates this month. Three-month LME aluminium retreated to its lowest in more than a week at US$ 1,788.5...
LME aluminium closed Monday’s trading at US$ 1766.5/t; SHFE aluminium fell 0.78%
The US dollar held steady against a basket its rivals on Monday. LME aluminium shed 0.8% and SHFE aluminium sank 0.3%. LME aluminium closed Monday’s trading at US$ 1766.5 per tonne, down 0.31% from Friday. Three-month LME aluminium retreated to its lowest in more than a week at US$1,788.5 per tonne...
LME aluminium price records a drop of US$0.50/t, while SHFE grows by US$10/t
The US dollar eased against a basket its rivals on Friday, as investors digested the news of the US imposing fresh sanctions on Iran and weaker-than-expected US jobs data. As on Friday January 10, LME aluminium cash (bid) price continued to drop to stand at US$1770 per tonne, while LME official...
LME aluminium continued to drop as US dollar increased for the third day in a row; SHFE extended growth
The US dollar increased for a third straight day to two-week highs against a basket its rivals on Thursday; investor sentiment improved on the back of easing US-Iran tensions and ahead of the signing of the phase one US-China trade deal. Three-month LME aluminium rallied to an intraday high of...
LME aluminium dipped to US$1771.50/t on rising trend of US dollar; SHFE extends growth
The US dollar index, which measures the greenback against a basket its rivals, rose on Wednesday, as investors grew more optimistic that Iran’s attack on US forces in Iraq was unlikely to escalate into a full-blown regional conflict. Three-month LME aluminium extended its decline on Wednesday,...
Three-month LME aluminium shed 0.76% to US$1,818/t; SHFE aluminium ended lower
The US dollar index, which measures the greenback against a basket its rivals, rallied on Tuesday. LME aluminium closed lower on Tuesday and SHFE aluminium dipped 0.07%. LME aluminium closed Tuesday’s trading at US$ 1794 per tonne, up 0.22% from Monday. Three-month LME aluminium pulled back on...
Three-month LME aluminium climbed to its highest since July; SHFE closed 0.64% higher
The US dollar index, which measures the greenback against a basket its rivals, fell on Monday, after rising for three consecutive trading days. LME aluminium added 0.7% and SHFE aluminium advanced about 0.1%. Three-month LME aluminium climbed to its highest since July 22 at US$1,835 per tonne on...
LME aluminium closed Friday’s trading at US$ 1758/t; SHFE closed 0.18% lower at RMB14,085/t
The US dollar, which measures the greenback against a basket its rivals, rose on Friday, LME base metals traded mixed on Friday. LME aluminium rose 1%. Three-month LME aluminium hit an intraday high of US$1,829.5 per tonne on Friday. It ended the trading day 1.03% higher at US$1,819 per tonne. LME...
LME aluminium price shrinks as US dollar price recovers from its six-month low; SHFE aluminium drops too
The US dollar recovered from a six-month low on Thursday, the year’s first trading day, as demand for the safe-haven dollar picked up after bleak data out of Germany and the UK weighed on the euro and pound. The dollar index, which tracks the greenback against a basket of other currencies, finished...
LME remained closed on Wednesday for NYD holiday; likely to trade at US$1,800-1,840/t
The US dollar dipped to a near three-week low against the yen in thin year-end trades on Tuesday. The dollar index, which tracks the greenback against a basket of other currencies, finished slightly up at 96.51. LME base metals mostly fell while the SHFE complex traded on a mixed note on Tuesday....
LME aluminium increases further on the last day of the year; SHFE ends higher at RMB14110/t
Benchmark aluminium price on London Metal Exchange increased 0.5 per cent to US$ 1800 per tonne on Tuesday, December 31, from US$ 1791 per tonne on Monday. As on December 31, Tuesday, LME aluminium cash (bid) price stood at US$ 1799.50 per tonne, LME official settlement price stands at US$ 1800 per...
LME aluminium price gained on extended drop in US dollar; SHFE aluminium recorded a rise too
The US dollar extended its weakness and fell for the third straight session on Monday as investors favoured riskier assets. The dollar index, which tracks the greenback against a basket of other currencies, lost 0.24 per cent. LME base metals mostly fell while the SHFE complex closed mixed...
LME aluminium opened lower after Christmas holiday; SHFE aluminium shed 0.4%
The US dollar weakened last Friday as optimism about the outlook for a US-China trade deal lifted risk appetite of investors. The dollar index, which tracks the greenback against a basket of other currencies, fell 0.7% and finished at 97.01. LME base metals increased after a two-day closure for the...
LME remained closed on December 26 for Christmas Holiday; SHFE aluminium dropped to 1-week low
The US dollar edged lower for the third straight session on Thursday, but it rose to a nearly two-week high against the Japanese yen. The LME was closed on Thursday for Christmas and hence no trading took place in the exchange. LME aluminium closed the trading on 24th December at US$ US$ 1790.50...
LME closed on Wednesday for Christmas holiday; SHFE aluminium remained firm
The US dollar declined amid light holiday trading on Wednesday. The dollar index, which tracks the greenback against a basket of other currencies, lost 0.07% and finished at 97.63. SHFE base metals mostly increased while there was no trading on the LME. SHFE aluminium fell 0.42%. The London Metal...
Three-month LME aluminium rose 0.64% to end at US$1,819/t; SHFE aluminium gained 0.3%
The US dollar edged higher in holiday-thinned trading on Tuesday. The dollar index, which tracks the greenback against a basket of other currencies, gained 0.03% and finished at 97.69. LME base metals closed mixed while the SHFE complex mostly increased. LME aluminium added 0.64%and SHFE aluminium...
Hindalco increases its aluminium prices by over 1 per cent after two consecutive cuts
After two consecutive cuts, Hindalco Industries Limited has reportedly increased the prices of aluminium ingots, billets and wire rods, with effect from Friday, December 20. From INR 141,500 per tonne, the company's aluminium ingots price has been increased by 1.23 per cent to INR 143,250 per...
