LME aluminium prices moved higher on September 3 compared with the previous trading day, while exchange stocks edged lower and cancelled warrants recorded a sharper decline. On September 3, the LME aluminium cash bid price stood at USD 3,302 per tonne, up 1.46 per cent from USD 3,254.5 per tonne on...
The London Metal Exchange (LME) aluminium price faltered across the pricing and contract segments on the September 2 close. The trend reflected a contrast of the surge reported in the September 1 session . The LME aluminium cash bid pulled back by 0.18 per cent day-on-day on September 2, down to...
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On January 30, which is the close of the week, the London Metal Exchange (LME) aluminium prices showed a significant dip in its contracts and futures prices. The declining trend has also been observed in the LME inventories as well. The LME cash bid dropped from USD 3,323 per tonne to USD 3,109 per...
Aluminium prices on the London Metal Exchange showed mixed movements between January 28 and January 29, with cash prices diverging while forward contracts strengthened. On January 29, the LME aluminium cash bid price stood at USD 3323 per tonne, down 1.9 per cent from USD 3258 per tonne on January...
From the previous close, the London Metal Exchange (LME) aluminium prices recovered with a steady increase. LME inventory side, however, followed the declining trend earlier, suggesting a global supply shortage of metal outflow. On January 28, the LME cash bid increased by 2.9 per cent from USD...
From the previous close, the London Metal Exchange (LME) aluminium prices showed a slight dip. This declining trend followed in the LME inventory side, which is deemed to create a supply shortage globally, with a rise in price. On January 27, the LME cash bid declined from USD 3,190 per tonne to...
Futures: During the night session on Jan 26, the most-traded SHFE aluminium 2603 contract opened at RMB 24,400 per tonne, reached a high of RMB 24,430 per tonne, touched a low of RMB 24,225 per tonne, and finally closed at RMB 24,380 per tonne, up RMB 165 per tonne or 0.68 per cent from the...
Aluminium prices on the London Metal Exchange continued to rise on January 26, with both cash and 3-month forwards reporting gains in contrast to the inventories, which showed a decline. The LME aluminium cash bid price climbed to USD 3,190 on January 26 from USD 3,174.5 per tonne on January 23,...
Aluminium prices on the London Metal Exchange rose sharply on January 23, with both cash and forward contracts posting gains of more than 2 per cent compared with the previous session. The LME aluminium cash bid price climbed to USD 3,174.5 per tonne on January 23 from USD 3,093 per tonne on...
From a macro perspective, overseas risk aversion sentiment pulled back, while domestic macro sentiment improved. By region, overseas, friction between the US and Europe over Greenland escalated, raising concerns about a US-Europe split. Subsequently, US President Trump announced that a framework...
After the close of the previous session, the London Metal Exchange (LME) aluminium price declined across major contracts. However, there was a significant rise on the inventory front with a slight decline in the cancelled warrants on January 22. The LME cash bid declined by USD 19 per tonne or 0.6...
Futures: Last night's session, SHFE aluminium closed at RMB 24,100 per tonne, up 0.77 per cent. The price stood above all key moving averages (MA5: 24,086; MA60: 24,083.08), with short-term MAs forming a bullish alignment, indicating a strong structure. In the MACD indicator, the DIF (0.9315)...
London Metal Exchange aluminium prices weakened across most contracts on January 21, reflecting a broad pullback from the previous session, while exchange inventories reflected significant improvement. The LME aluminium cash bid price continued to decline, reaching USD 3,112 on January 21 from USD...
London Metal Exchange aluminium prices weakened across most contracts on January 20, reflecting a broad pullback from the previous session, while exchange inventories continued to edge lower. The LME aluminium cash bid price slipped to USD 3,136.5 per tonne on January 20 from USD 3,168 per tonne on...
Gold and silver have been stealing the spotlight in recent weeks, pushed higher by a mix of geopolitical anxiety, tariff threats from the United States, and deepening supply - demand imbalances. But apart from these two precious metals, aluminium has been quietly moving in the same direction - less...
Futures: SHFE aluminium closed at RMB 23,945 per tonne in the night session last Friday, down 0.99 per cent. Prices traded above all key moving averages (MA5 23,939, MA60 23,924.17), but pulled back near the short-term averages, indicating high-level fluctuations in the near term. The MACD lines...
On January 16, the London Metal Exchange (LME) aluminium price dropped drastically from the previous day’s close, where LME cash and forwards contracts also slipped. There has been a dip in the inventory side, but the alumina platts remained unchanged. Both the LME cash bid and offer fell by USD...
Macro perspective: Macro sentiment was mixed between long and short factors . Domestically, positive macro sentiment remained strong. The Ministry of Finance held a national video conference to promote a package of policies for fiscal and financial coordination to boost domestic demand, requiring...
On January 15, the LME aluminium cash bid price settled at USD 3,173.5 per tonne, down from USD 3,220.5 per tonne on January 14, marking a 1.46 per cent day-on-day decline. The cash offer price eased to USD 3,174 per tonne from USD 3,221 per tonne, also reflecting a 1.46 per cent decrease. The...
Futures: On January 15, the SHFE aluminium 2603 contract opened at RMB 24,470 per tonne during the night session. After opening, the price pulled back, reaching a low of RMB 24,015 per tonne, then entered consolidation without breaking the opening price, finally closing at RMB 24,320 per tonne,...
