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 starts the week lower; SHFE drops 1.1% on the first trading day after CNY break
The US dollar index rose above 97 on Monday as an economic slowdown in Europe, weak emerging markets and the strong US job market drove investors to the safe-haven currency. LME base metals traded lower on Monday. LME aluminium closed flat. LME aluminium contract closed at US$1848 per tonne on...
LME aluminium inches higher on Friday; likely to trade at US$1,870-1,900/t today
The US dollar rose against a basket of currencies last week, taking the index to a five-week high of 96.7. LME base metals traded mixed last week. Benchmark aluminium price on London Metal Exchange edged higher on Friday, February 8. The light metal contract closed at US$1865 per tonne, up 0.13 per...
LME aluminium price drops 1.27% to close at US$ 1862.5/t
Benchmark aluminium price on London Metal Exchange declined 1.27 per cent from the previous day and closed at US$ 1862.50 per tonne on Thursday, February 7.This marks a decline two days in a row after a rise from US$ 1840 per tonne to US$ 1896.5 per tonne on February 5, 2019. As on February 7, LME...
Rusal's aluminium production records 1.3% growth in 2018
The world’s second largest aluminium company by primary production output - Rusal once again proves its potential by recording a year-on-year growth in aluminium production in 2018. Even after going through critical conditions led by United States sanctions, the Russian aluminium giant produced 1.3...
LME aluminium price closed Wednesday’s trading at US$ 1886.5/t
Benchmark aluminium price on London Metal Exchange dropped 0.53 per cent to US$ 1886.5 per tonne on Wednesday, February 6, from US$ 1896.5 per tonne on Tuesday. As on February 6, LME aluminium cash (bid) price stood at US$ 1886 per tonne, LME official settlement price stands at US$ 1886.50per...
LME aluminium price registers a hike of 3.07%
LME aluminium contract closed at US$1896.50 per tonne on Tuesday, February 5, up 3.07 per cent from US$ 1840 per tonne on Monday. As on February 5, LME aluminium cash (bid) price stood at US$ 1896 per tonne, LME official settlement price stands at US$ 1896.50 per tonne; 3-months bid price stands at...
LME aluminium price closed Monday’s trading at US$1840/t
LME aluminium contract closed at US$1840 per tonne on Monday, February 4, down from US$ 1872.5 per tonne on Friday. As on February 4, LME aluminium cash (bid) price stood at US$ 1839.50per tonne, LME official settlement price stands at US$ 1840 per tonne; 3-months bid price stands at US$ 1868 per...
LME aluminium price dropped on Friday; SHFE closed for CNY holiday
With the biggest number of US jobs created in 11 months for January and a rebound in US manufacturing, the US dollar index held stable on Friday. Mild wage inflation, shown in the US nonfarm payrolls, kept the dollar's gains in check. LME base metals traded mixed on Friday. LME aluminium dropped...
LME saw mixed trading over the week touching the highest in the middle of the week; SME stayed flat
The US dollar index fell in the beginning of the week. The dollar extended its loss on Monday after US President Donald Trump decided to extend a March 1 deadline for additional tariffs on Chinese goods, suggesting progressive trade negotiations between the two countries. It rebounded from earlier...
LME aluminium price extends gains; SHFE likely to trade at RMB13,450-13,560 /t
The US dollar index recovered on Thursday as the euro slid against the greenback after Jens Weidmann, the Bundesbank president and a member of the European Central Bank Governing Council, painted a bleak picture of the German economy, saying the country's slump will last longer than thought. LME...
LME aluminium price strengthens to close at $1871/t; SHFE to hover at RMB13,400-13,540/t
The US dollar fell to a low not seen since January 11 after the Federal Reserve held interest rates steady as expected and sounded caution on the economy and future interest rate increases. LME aluminium rose 0.4% and SHFE aluminium nudged up 0.04%. LME aluminium closed Wednesday's trading at US$...
Why buy "Aluminium Industry Recap 2018: A Look Back at the Global Aluminium Value Chain" report?
Aluminium has been the most talked-about non-ferrous metal in the year 2018 for many reasons. New tariffs, sanctions, trade wars on one hand; and developments and expansions on the other across the entire value chain emerged as non-avoidable circumstances in the year gone by. To start with, the...
Both LME and SHFE aluminium gained during night trading after closing lower on Tuesday; to trade rangebound today
LME base metals traded mixed on Tuesday and aluminium rose 1.6%. SHFE base metals performed similarly overnight and aluminium gained 0.5%. LME aluminium closed Tuesday's trading at US$ 1853 per tonne. After hovering in a tight range above the daily moving average during Asian trading hours, the...
Lifting of sanctions makes Rusal shares hit the highest at HKEX; LME aluminium falls
U.S. President Donald Trump's administration’s decision to lift sanctions on Oleg Deripaska’s aluminium conglomerate Rusal and its parent company En+ Group despite strong opposition raised Rusal’s shares in the exchange and pushed back the LME aluminium prices. The move sent the Russian stock index...
LME and SHFE aluminium dropped on lifting of sanctions on Rusal; the contracts likely to trade weak today
The US dollar changed little against a basket of currencies on Monday as traders were cautious ahead of the Federal Reserve's two-day policy meeting and trade talks between China and the US. Most LME base metals traded lower on Monday and aluminium fell 1.9%. SHFE base metals saw similar...
Weak US dollar pulled up LME aluminium to new heights on Friday night; lifting of sanction on Rusal likely to pull it down today
The US dollar index fell to a week-low on Friday, as traders refocused on the Federal Reserve's policy meeting next week when the US central bank is expected to keep interest rates unchanged. LME base metals traded higher on Friday. LME Aluminium climbed over 1%.SHFE base metals performed similarly...
London Metal Exchange to launch new alumina and aluminium premium contracts in March
According to a Reuter’s report, the London Metal Exchange (LME) has announced seven new contracts to be launched on March 11. LME has not been very successful in launching new products and are mostly dependent on its core base metal contracts. LME hopes to boost trading activities in the exchange...
LME gains on US-China trade talk and falling dollar; SHFE likely to trade weakly today
The US dollar edged down as US-China trade tension continued. The partial US government shutdown and a three-year low in US pending home sales also weighed on the greenback. Base metals fell for the most part but LME aluminium jumped 2.46%. LME aluminium closed Tuesday’s trading at US$1867.50 per...
