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...
Grow with
AL Circle
Largest LME aluminium delivery in 4 years to swing spreads back into contango- an excerpt
Aluminium stocks on the London Metal Exchange have increased nearly 30% over the last three trading days, with market participants taking advantage of tightness in the February/March nearby spread. 166,225 tonnes were delivered onto the exchange today, the largest single delivery of aluminium into...
LME aluminium drifts lower as inventory grows to 1.28 million tonnes
Benchmark aluminium price on London Metal Exchange slipped US$6 per tonne lower on Tuesday, February 13, as LME aluminium inventory grew significantly to 1.28 million tonnes. The light metal contract closed at US$2,123.50 per tonne yesterday, down from US$2,129.50 per tonne on Monday, February 12....
Downtrend continues in LME aluminium as inventory piles up
Benchmark aluminium price on London Metal Exchange dropped 0.58 per cent as inventory rose due to surging Chinese export. The light metal contract closed at US$2,129.50 per tonne on Monday, February 12, down from US$2,142 per tonne last Friday, February 9. Shanghai Metals Market forecasts that LME...
LME aluminium edges lower on rising China export; SHFE aluminium stays range-bound
Benchmark aluminium price on London Metal Exchange edged further lower on the last trading day of the week ending February 9. Surging aluminium exports from China pressured down LME aluminium prices to US$2,142 per tonne on Friday from US$2,168 per tonne the previous day. Shanghai Metals Market...
Alba’s 2017 net income jumps by 91%YoY driven by higher LME price and improved performance
Aluminium Bahrain B.S.C. (Alba) released its operating and financial results for the full-year and fourth quarter of 2017 during a meeting of the Company’s Board of Directors on Thursday February 08. Alba closed 2017 with a strong financial performance reflecting its resilience in achieving quick...
LME aluminium slides 0.6% as volatility rises; range-bound trading expected
Benchmark aluminium price on London Metal Exchange dropped further to close at US$2,168 per tonne on Thursday, February 8, down 0.59 per cent from the previous day’s close at US$2,181 per tonne. Thanks to the recent share market volatility, most of the components in the LME base metal complex were...
LME aluminium continues losing streak; SHFE aluminium looks firmer
Benchmark aluminium price on London Metal Exchange shed 0.6 per cent to touch the lowest at US$2,158 per tonne since January 9, yesterday. The light metal contract then recuperated some losses to close at US$2,181 per tonne. Current price trend analysis by Shanghai Metals Market suggests that LME...
LME is recovering ground on today's trading; SHFE may halt its losing streak temporarily
According to a Reuters report, London base metals on Wednesday recovered some of the ground lost in the previous session as global equities bounced back after days of sharp falls and investors focused on fundamentals. LME aluminium contract continued to drop till yesterday’s closing and the light...
LME aluminium drops tracking weak global cues; SHFE aluminium still under pressure
Benchmark aluminium price on London Metal Exchange slid again on the first trading day of the week as market sentiments soured across the globe and dollar strengthened due to safe-haven buying. The light metal contract closed at US$2,202 per tonne on Monday, February 5, down from US$2,228 per tonne...
LME aluminium edges higher; likely to remain range-bound this week
Benchmark aluminium price on London Metal Exchange inched higher on Friday, February 2, as dollar weakened and market sentiments were moderately favourable. The light metal contract closed at US$2,228 per, up from US$2,218 per tonne on Thursday, February 1. Shanghai Metals Market (SMM) foresees...
LME aluminium drops to two-week low as stockpiles rise in China
Aluminium prices on London Metal Exchange hit a two-week low on Thursday, February 1, as worries grew stronger over rising stockpiles in China. Despite elaborate smelter capacity cuts Chinese market continues to remain in surplus, and this is likely to keep the lid on rising LME aluminium prices....
LME aluminium remains fairly unchanged as global manufacturing registers growth
Aluminium prices on London Metal Exchanges stayed flat with a marginal dip as global manufacturing growth provided support. Manufacturing activity in China and Japan expanded in January resulting in raised output and increased employment supporting a strong recovery in the Asian market. LME...
MCX aluminium futures slide 0.53% on muted demand, global cues
Aluminium prices moved down by 0.53 per cent to INR 140.80 per kg in futures trade today as speculators reduced exposure amid easing demand in the spot market. Besides, a weak trend overseas weighed on prices. At the Multi Commodity Exchange, aluminium for delivery in January edged down by 75...
LME aluminium continues to fluctuate within a narrow range; to test support at US$2,200/t
Aluminium prices on London Metal Exchanges were lower on Tuesday, January 30, after the base metal complex registered a price correction from its recent gains. LME aluminium came down from US$2,251.50 per tonne (closing price on January 29) to close at US$2,229 per tonne yesterday. Shanghai Metals...
LME aluminium edges higher as market sentiment improves ahead of Trump’s address
LME aluminium reversed its recent marginal losses and gained ground as global market sentiment improved ahead of U.S. President Donald Trump’s State of Union Address on Monday, January 29. The light metal contract rose from US$2,238 per tonne on Friday, January 26, to close at US$2,251.50 per tonne...
An expected rise in US dollar index puts a lid on LME aluminium price gains
LME aluminium remained almost unchanged over the weekend as dollar showed signs of reversal from its current lows. The light metal contract rose marginally from US$2,237.5 per tonne on Thursday, January 25 to close at US$2,238 per tonne on Friday, January 26. With the US dollar still staying in the...
LME aluminium inches up after testing support at US$2,250/t
The upward momentum in LME aluminium prices has slowed down. The light metal put up a poor performance yesterday in comparison with other base metals and closed marginally up at US$2,216 per tonne after testing support at US$2,250 per tonne on Wednesday, January 24. LME aluminium has fallen by 1.9...
LME aluminium drops further while SHFE aluminium shows range-bound trading
LME aluminium dropped for the second day in a row even after dollar index touched 3-year low on broad-based weakness. The light metal contract came down from US$2,235 per tonne on Monday, January 22, to close at US$2,213.50 per tonne on Tuesday, January 23. Shanghai Metals Market analysis suggests...
