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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After the week started with the weak aluminium prices on the London Metal Exchange (LME), but during the mid-week, the prices saw an upward tick along with the cancelled warrants. Both the LME cash bid and offer rose by USD 18 per tonne or 0.63 per cent, where the bid reached USD 2,851 per tonne,...
The London Metal Exchange (LME) aluminium prices on December 16 showed a slightly lower price than the previous day’s close. On the other hand, at the inventory front, the live warrants and cancelled warrants rose slightly. On December 16, both the LME cash bid and offer fell by USD 7.5 per tonne...
Hong Leong Investment Bank Bhd (HLIB) has reaffirmed its “BUY” call on Press Metal Aluminium Bhd. The bank raised its target price to MYR 7.64 (USD 1.84), reflecting stronger earnings visibility. The upgrade is driven by robust aluminium prices, favourable alumina costs and steady operational...
The London Metal Exchange (LME) aluminium cash bid and offer price saw a further decline on December 15 in comparison to the previous day’s close. However, the forward contracts and 3-month bid and offer rose slightly. On December 15, both the LME cash bid and offer dipped by USD 5.5 per tonne or...
The London Metal Exchange (LME) aluminium price on December 12 inched down from the previous day’s close. On the other hand, the LME opening stock and cancellations rose, but the live warrant witnessed a dip. The LME cash bid moved down by USD 17 per tonne or 0.6 per cent and settled at USD 2,845...
India's domestic aluminium market posted mild gains W-o-W as primary producers adjusted prices in response to a stronger LME complex and renewed supply concerns abroad. The uptick came despite a well-supplied domestic market and only a gradual improvement in downstream demand. BigMint's assessment...
LME aluminium prices saw modest gains on December 11 across cash, 3-month and deferred contracts compared with the previous session, while exchange inventories continued to ease. The cash bid price rose to USD 2,862 per tonne, up from USD 2,836 per tonne on December 10 — a 0.92 per cent increase....
Japan’s aluminium market may be heading into a much firmer pricing environment next year, with Marubeni Corp signalling that buyers could be paying USD 85 to USD 203 per tonne in premiums through 2026. The trading company expects international price strength to divert metal away from Asia,...
Futures: SHFE aluminium closed at RMB 21,960 per tonne in the night session, up a slight 0.18 per cent. Prices moved narrowly close to MA5 (21,959) and MA10 (21,958), with short-term moving averages flattening out, staying above MA60 (21,941.08), indicating a slightly stronger structure. The MACD...
LME aluminium prices showed mixed movement on December 10, while exchange inventories continued to ease, according to the latest market data. The LME aluminium cash bid price rose to USD 2,836 per tonne on December 10, up from USD 2,831.5 per tonne a day earlier — a 0.16 per cent increase. The cash...
China’s steel and aluminium sectors are moving in sharply different directions, with steel exports surging even as aluminium shipments decline. Steel mills, facing weak domestic demand from the flagging property sector and operating near Beijing’s informal output cap of 1.005 billion tonnes, have...
India's imported aluminium scrap prices saw an uptrend week-on-week in the week ended 9 December, following an increase in prices on the London Metal Exchange (LME). BigMint assessed UAE-origin Tense (8-9 per cent) at USD 1,930 per tonne, up by USD 5 per tonne w-o-w, while US-origin Tense (6-7 per...
LME aluminium prices weakened on December 9 across the cash, 3-month and December 26 contracts, even as exchange inventories moved lower. The LME aluminium cash bid price slipped to USD 2,831.5 per tonne on December 9 from USD 2,867 per tonne the previous day, a decline of 1.24 per cent. The cash...
LME aluminium prices posted marginal gains on December 8 across cash, 3-month and December 26 contracts, even as exchange inventories continued their downward trend. The LME aluminium cash bid rose to USD 2,867 per tonne, up USD 2.5 or 0.09 per cent from USD 2,864.5 on December 7. The cash offer...
After a steady price movement, the London Metal Exchange (LME) aluminium price on December 5 slightly moved upward. The opening stock and cancelled warrants inched down, whereas the live warrants remained steady from the previous day’s close. On December 5, the LME cash bid rose by USD 11.5 per...
On December 4, the London Metal Exchange (LME) aluminium price showed no change from the previous day’s close. On the other hand, 3-month prices rose slightly with a decline in the future contracts, but the openning stock and cancelled warrants dipped, but the live warrants held firm. The LME cash...
Futures: During the night session on December 3, the most-traded SHFE aluminium contract 2601 opened at RMB 21,935 per tonne, reached a high of RMB 22,055 per tonne, touched a low of RMB 21,930 per tonne, and finally closed at RMB 22,010 per tonne, up RMB 70 per tonne or 0.32 per cent from the...
Fed rate cut expectations boost global prices. Year-end holidays are expected to slow trade down. India's imported aluminium scrap prices saw an uptrend w-o-w, following an increase in the London Metal Exchange (LME) price levels. BigMint assessed UAE-origin Tense scrap at USD1,925 per tonne, up by...
