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 $3,353/t; stocks remain unchanged at 244,525t
The LME aluminium price moved higher on September 9 compared with the previous trading day, with cash and three-month aluminium prices recording gains, while total warehouse stocks remained unchanged. On September 9, the LME aluminium cash bid price stood at USD 3351.5 per tonne, up USD 27.5 per...
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LME aluminium recovered some losses to close at US$ 1933 per tonne on Thursday; weak fundamentals continue to put pressure
The US dollar recovered but remained under 97 as concerns before the G20 meeting prompted investors to buy back the currency. At the G20 summit in Buenos Aires on Friday and Saturday, the US President Donald Trump and China President Xi Jinping are scheduled to discuss trade issues after months of...
LME aluminium recovered some losses to close at US$ 1933 per tonne on Thursday; weak fundamentals continue to put pressure
The US dollar recovered but remained under 97 as concerns before the G20 meeting prompted investors to buy back the currency. At the G20 summit in Buenos Aires on Friday and Saturday, the US President Donald Trump and China President Xi Jinping are scheduled to discuss trade issues after months of...
LME aluminium recovers some losses on Monday; both LME and SHFE expected to trade weakly today
The dollar edged higher against the euro on Monday. The dollar added to recent gains against other major currencies, supported by robust US consumer spending data on Monday. Both LME and SHFE base metals ended in negative territory across the board overnight. LME aluminium closed Monday’s trading...
LME aluminium closed last week on this year's lowest, expected to recover slightly today; SHFE recovered losses
The US dollar followed Wall Street lower on Friday, falling from highs earlier in the day after third-quarter GDP data performed stronger than expected. Both LME and SHFE base metals ended in mixed performance on Friday night. Aluminium rose by 0.8%. LME aluminium closed the day’s trading at US$...
LME aluminium continues downward trend while SHFE breaks its five-day winning streak; lack momentum
The US dollar strengthened as the euro and pound slipped on Thursday after the European Central Bank (ECB) kept interest rates unchanged in their October policy meeting. LME aluminium dropped below US$2,000 per tonne level and closed at US$ 1981 per tonne. It has closed lower for seven consecutive...
Century Aluminum’s Q3 2018 EBITDA down $25.8 million on higher alumina costs
Century Aluminum Company announced results for the third quarter of 2018. The company reported a net loss of $20.3 million for Q3 2018 in comparison to net income of $19.4 million for Q2 2018. The adjusted net income was $2.3 million for Q3 2018 compared to adjusted net income of $30.9 million for...
LME aluminium continues losses for six consecutive days and closes at US$ 1987.50 per tonne yesterday; SHFE regains losses
The US dollar strengthened against the euro on Wednesday after European data signalled that economic growth could be waning across the Eurozone. Both LME and SHFE base metals ended in mixed performance overnight. As the dollar strengthened, LME aluminium closed the European trading session lower at...
LME aluminium posts five-day losing streak on October 23; SHFE recovering losses from last week
The US dollar fell on Tuesday after Wall Street opened lower, spurring a risk-off move that benefited the safe-haven Japanese yen and Swiss franc against the greenback. Both LME and SHFE base metals ended in mixed performance overnight. LME aluminium lost 0.35%. LME aluminium fluctuated and posted...
LME aluminium prices fall on stronger dollar; likely to continue weak performance today
The US dollar rose on Monday as the pound fell on news that Brexit negotiations with the European Union over Northern Ireland remain in flux and as uncertainty over Italy's budget continued to lower the euro. LME base metals ended in the black across the board overnight. Aluminium edged up 0.17%....
LME aluminium traded weakly last Friday on strong dollar; the trend expected to continue today
A sharp decline in US existing home sales in September weakened the US dollar before the weekend. Both LME and SHFE base metals ended in mixed performance on Friday night. LME aluminium lost 0.25%. As the US dollar strengthened, LME aluminium also traded weakly last Friday night as it registered...
LME aluminium falls to a new monthly low; SHFE gains on alumina capacity cut news
The US dollar index traded at a week-high on Thursday as US Treasury yields traded near multiyear highs, on expectations of further interest rate hikes. That came despite US President Donald Trump's view that interest rate hikes have already gone too far. LME base metals ended in negative territory...
LME aluminium slips further on rising inventory and US dollar; SHFE drops in absence of strong fundamentals
The US dollar gained on Wednesday as stocks dipped, boosting demand for safe haven currencies, after the Federal Reserve released minutes from its September meeting. LME base metals, except for zinc, ended in negative territory across the board on Wednesday. An increase of 85,725 tonnes in LME...
LME aluminium tumbled to a low of US$2,014/t as inventories gained 70,775 mt; SHFE expected to trade at RMB14,250-14,360/t
Both LME and SHFE base metals ended in mixed performance overnight. Benchmark aluminium price on London Metal Exchange decreased to close at US$2022 per tonne on Tuesday, October 16, down from the previous day’s close at US$ 2028 per tonne. LME aluminium fluctuated on Tuesday but tumbled to a low...
LME aluminium closed lower yesterday; SHFE tumbles as U.S. extends wind-down period for Rusal
LME base metals ended mixed on Monday. After a gain on Friday to US$ 2045 per tonne, LME aluminium closed lower at US$ 2028 per tonne on Monday October 15. The metal fluctuated to end Monday at US$2,033 per tonne. Shanghai Metals Market analyses that LME aluminium will trade at US$2,020-2,060 per...
LME aluminium registers gain after three consecutive drops; Rusal extension likely to weigh on aluminium prices today
The dollar edged up on Friday, reflecting investor confidence in the US economy, despite criticism by President Donald Trump of the Federal Reserve and a sell-off in US equities. LME base metals ended mixed on Friday. LME aluminium contract gained after three consecutive falls and closed the day’s...
LME aluminium registered a six-day losing streak; SHFE to trade at five-day moving average
The dollar fell to low in two weeks on Thursday against a basket of currencies as traders pared greenback holdings on lower US Treasury yields and further losses on Wall Street. A weaker-than-forecast rise in US consumer prices in September also reduced bets for a faster pace of interest rate. LME...
Both LME and SHFE aluminium on downtrend with the easing of alumina supply concerns; to stay weak in near term
The euro and pound rose on Wednesday, underpinned by optimism for a Brexit deal, while the dollar lost ground against a basket of currencies even as US bond yields hovered at multi-year peaks. LME base metals, except for tin, fell across the board on Wednesday. LME aluminium fluctuated and posted a...
LME aluminium registered a three-day losing streak on October 9; SHFE regains losses overnight
After it touched a seven-week high, the US dollar dipped on Tuesday when US bond yields declined. The dollar also fell as the British pound rose against it. LME base metals ended mixed overnight. LME aluminium fell to a week-low during yesterday’s trading closing at US$ 2031.50 per tonne. Then the...
