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 $3,353/t; stocks remain unchanged at 244,525t
The LME aluminium price moved higher on September 9 compared with the previous trading day, with cash and three-month aluminium prices recording gains, while total warehouse stocks remained unchanged. On September 9, the LME aluminium cash bid price stood at USD 3351.5 per tonne, up USD 27.5 per...
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LME aluminium capped its upwards momentum yesterday; SHFE remains flat on prospects of growing aluminium capacity
The US dollar edged down but held in its recent range on Thursday against a basket of other currencies as investors monitored friction between the US and China over the Hong Kong protests. LME base metals closed lower on Thursday and aluminium shed 0.8%. The SHFE complex performed similarly...
LME aluminium regained losses on Monday to close at US$ 1753/t ; SHFE aluminium slid despite falling inventory
The US dollar steadied at one-week highs on Monday against a basket of other currencies amid positive news flow on the Sino-US trade front over the weekend. LME base metals closed mixed on Monday. Aluminium inched up 0.1%. The SHFE complex drifted lower overnight and aluminium shed 0.6%. LME...
LME aluminium dropped on Friday with dollar's gain; SHFE remains strong on shrinking inventory
The US dollar strengthened on Friday against a basket of other currencies, erasing earlier losses on improved US manufacturing output and services data. LME base metals closed mixed in Friday and aluminium fell 0.2%. The SHFE complex drifted higher and aluminium inched up 0.1%. LME aluminium...
LME aluminium continued upward trend on Thursday; growing aluminium stock to keep prices in check
The US dollar continued to strengthen on Thursday against a basket of other currencies on rekindling of hope for a US-China trade deal. However, mixed signals on the progress of negotiations limited the greenback’s gains. LME and SHFE base metals closed mixed on Thursday. LME aluminium edged down...
LME aluminium gained on Wednesday and maintained overnight; SHFE rose to its highest since November 11
The US dollar edged higher against a basket of other currencies on Wednesday amid increased political tensions between the US and China. Reuters reported Wednesday that “phase one” trade deal between the US and China may not be completed this year, as Beijing insists on the removal of tariffs. LME...
LME aluminium closed Tuesday’s trading at US$ 1734.5/t; SHFE aluminium rose 0.29%
The US dollar stabilised against a basket of other currencies on Tuesday after three consecutive days of losses. The dollar index, which measures the greenback against a basket of its rivals, inched up 0.05% to end at 97.847. LME base metals closed mixed on Tuesday. LME aluminium nudged up 0.03%...
Three-month LME aluminium declined 1.19% to US$1736.5/t; SHFE aluminium gained 0.4%
The US dollar extended its decline against a basket of its rivals on Monday. LME base metals closed lower across the board on Monday. LME aluminium fell 1.2% and SHFE aluminium gained 0.4%. LME aluminium opened the week higher at US$1744 per tonne on Monday, November 18.Three-month LME aluminium...
Three-month LME aluminium rebounded on Friday; SHFE aluminium shed 0.4%
The US dollar eased to a one-week low against a basket its rivals on Friday. The US dollar index fell to 97.96, the lowest since November 7, before it ended down 0.19% at 97.987. LME aluminium gained 0.6% and SHFE aluminium shed 0.3%. LME aluminium declined by 0.85 per cent from Thursday’s close of...
Three-month LME aluminium dropped to the lowest this month at US$1,742.5/t; SHFE closed flat at RMB13,805/t
The US dollar fell on Thursday. The dollar index, which tracks the greenback against a basket of other currencies, dipped 0.15% and ended at 98.17. LME base metals and the SHFE complex, except for tin, closed lower overnight. LME aluminium fell 1.05% and SHFE aluminium dipped 0.11%. LME aluminium...
Three-month LME aluminium dropped during the European trading session; SHFE aluminium dipped 0.11%
The US dollar fell on Wednesday. The dollar index, which tracks the greenback against a basket of other currencies, dipped 0.01% and ended at 98.32. SHFE base metals followed the LME complex lower overnight. SHFE aluminium lost 0.11% and LME aluminium shed 0.87%. Benchmark aluminium price on London...
Three-month LME aluminium recovered slightly; SHFE aluminium shed 1.1%
The US dollar rose on Tuesday as US President Donald Trump reiterated the United States is close to signing a trade deal with China but offered no new details. The dollar index, which tracks the greenback against a basket of other currencies, gained 0.13% and ended at 98.34. LME base metals and the...
LME aluminium dropped 1.63% on Monday night; SHFE also drops to 60-day moving average
The US dollar was lower on Monday. The dollar index, which tracks the greenback against a basket of other currencies, fell 0.16% and ended at 98.21. LME base metals and the SHFE complex, except for zinc, closed lower last night. LME aluminium dropped 1.63% and SHFE aluminium shed 0.21%. Benchmark...
LME aluminium continues its upward trend; SHFE to trade at RMB13,900-14,000/t
The US dollar rallied to a three-week high on Friday. The dollar index, which tracks the greenback against a basket of other currencies, gained 0.23% and ended at 98.37. LME base metals and the SHFE complex mostly declined. LME aluminium lost 0.17% and SHFE aluminium dropped 0.25%. LME aluminium...
LME aluminium price closed flat during the day's trading but ended higher at night; SHFE recovered from earlier losses
The US dollar climbed on Thursday on the back of expectations that the United States and China were inching closer to a trade deal. The dollar index, which tracks the greenback against a basket of other currencies, ended up 0.2% on the day at 98.15. LME base metals and the SHFE complex mostly...
LME aluminium lost recent gains overnight yesterday; SHFE aluminium sees limited upside movement
The US dollar went flat on Wednesday with the market in consolidation mode, as investors sought more clarity about ongoing US-China trade negotiations. The dollar index, which tracks the greenback against a basket of other currencies, ended flat on the day at 97.95. LME base metals and the SHFE...
Century reports loss in Q3 2019; shipments drop on lower production at Hawesville smelter
Century Aluminum, a leading primary aluminium producer with facilities in the United States and Iceland has reported results for Third Quarter 2019 Financial Results. The company reported aluminium shipments of 198,543 tonnes, a 2% drop quarter-on-quarter due to lower than expected production at...
LME aluminium closed 1.48% higher yesterday; expected to trade at US$1790-1810/t
The US dollar rose on Tuesday, lifted by optimism that a US-China trade deal may be near. The dollar index, which tracks the greenback against a basket of other currencies, gained 0.4% and ended at 97.95. LME base metals and the SHFE complex mostly fell. LME aluminium dropped 0.14% and SHFE...
Three-month LME aluminium hits six-week high on supply worries; SHFE gains 0.40%
The dollar increased after five straight days of losses. The dollar index, which tracks the greenback against a basket of other currencies, gained 0.34% and ended at 97.55. LME base metals closed higher for the most part with the SHFE complex trading mixed. LME aluminium rose 1.17%, and SHFE...
