LME aluminium cash bid price drops 2.06% to $3,273/tonne as stocks decline to 244,350t
LME aluminium prices recorded a sharp decline on September 11 compared with the previous trading day, with cash and three-month prices falling by around 2%, while exchange stocks edged lower. The LME aluminium cash bid price slipped to USD 3,273 per tonne on September 11, compared with USD 3,342...
LME aluminium price eases 0.3% on September 10; stocks remain stable at 244,525/t
The London Metal Exchange (LME) aluminium price graph contracted on September 10 across cash and contracts, with longer-dated contracts reporting nearly 1 per cent decline. The aluminium opening stocks, however, remained stable. The LME aluminium cash bid price shifted from USD 3,351.5 per tonne on...
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LME aluminum should move between USD 2,040-2,075/mt on 23rd Jan: SMM Morning Review
The US announced overnight that the Chicago Fed National Activity Index (CFNAI) for December and Richmond Fed manufacturing index for January both shrank and were well below expectations. What’s worse, US existing home sales also slid in December. Nevertheless, easing monetary policy introduced...
The LME aluminum cash price rose 0.6 percent in Jan
Current Aluminum Prices The LME aluminum cash price rose 0.6 percent on Jan. 18, 2013, making it the day’s biggest mover on our aluminum price index. After two days of falling prices on the LME, it closed at $2,003 per metric ton. Following a two-day drop, the aluminum 3-month price increased by...
LME aluminum should fluctuate between USD 2,030-2,060/mt on 22nd Jan: SMM Morning Review
Trading volumes in LME aluminum market dropped to 5,405 lots overnight as financial markets in the US were closed yesterday for the Martin Luther King, Jr. Day. LME aluminum prices failed to break through USD 2,050/mt and dipped to a low of USD 2,037.8/mt. Finally, LME aluminum finished at USD...
LME aluminum should fluctuate between USD 2,040-2,070/mt on 18th Jan: SMM Morning Review
The US housing starts surged 12.1% in December, the highest since June 2006. Meanwhile, the US weekly jobless claims ending January 12 tumbled to 335,000, the lowest since January 2008. The boom in property sector and job market pushed US stock market and commodity prices up. However, Philadelphia...
Aluminium Up After Two Days of Decline
After declining for two straight days, LME Aluminium forwards are trading up $ 2051 per tonne from $ 2040 per tonne at Tuesday's settlement. The markets have come off their highs but still managing to stay in green on the back of bargain buying. LME Aluminium declined from $ 2116 per tonne levels...
LME aluminum should fluctuate between USD 2,030-2,060/mt on 17th Jan: SMM Morning Review
The World Bank lowered its forecast for global economic growth overnight, turning investors away from risky assets and sending the US dollar index up. LME aluminum prices dipped to USD 2,031.8/mt during the European session, extending losses for four trading days in a row, but still found strong...
LME aluminum should fluctuate between USD 2,040-2,060/mt on 16th Jan: SMM Morning Review
LME aluminum prices plunged to USD 2,033/mt during early European session, the lowest in one and a half months. The US economic data released later was mixed. Retail sales in the US rose 0.5% MoM in December and beat forecasts, helping LME aluminum recover earlier losses. However, the New York Fed...
LME aluminum should move between USD 2,050-2,090/mt on 15th Jan: SMM Morning Review
China will probable expand investment in Chinese market by foreign companies, helping the Shanghai Composite Index jump to 2,300 points yesterday. As a result, LME aluminum prices hit a high of USD 2,116/mt during the European session. Nevertheless, market is still worried about the deadlocked debt...
LME cash price of aluminum up again
The aluminum cash price rose 1.1 percent on Jan. 9, 2013, making it the day’s biggest mover. After two days of falling prices on the LME, it closed at $2,026 per metric ton. After falling for two days, the aluminum 3-month price rose 1 percent on the LME to $2,061 per metric ton. The cash price of...
LME aluminum should move between USD 2,095-2,145/mt on 11th Jan: SMM Morning Review
China’s trade surplus surged to USD 31.62 billion in December, well above forecasts. China’s soaring exports greatly boosted market confidence. The Bank of England and European Central Bank decided overnight to keep interest rate unchanged as expected. The US dollar index lost support at 80 as a...
3-Month price of aluminum falls in LME
The 3-month price of aluminum fell 2.7 percent on January 7, 2013 to $2,088 per metric ton on the LME, making it the day’s biggest mover on our aluminum price index. The cash price of primary aluminum closed at $2,055 per metric ton. Following a couple days of improvement, prices fell by 2.5...
LME Primary aluminium remained the most actively traded contract in 2012
Traded volumes of futures and options on the London Metal Exchange rose 9% in 2012 as a 10.6% rise in futures turnover offset a 19.1% drop in options. But while primary aluminium remained the most actively traded contract, its volume edged down 2% year on year, according to figures released by the...
LME aluminum should move between USD 2,040-2,080/mt on Wednesday: SMM Morning Review
Most investors are awaiting China’s economic data due Friday. LME aluminum recovered some losses after falling below USD 2,050/mt thanks to dip-buying by longs. Total positions were up 5,774 lots to 688,450 lots. Resistance, however, remained at the 10-day moving average as longs were wary of...
Aluminum price rise should help Alcoa in 4th Quarter
Analysts anticipate Alcoa Inc. will kick off the earnings season with improved results over the prior quarter, largely due to a 4-percent uptick in the price of aluminum on the London Metal Exchange. "Aluminum prices were higher sequentially. LME cash averaged $2,001 per tonne in the fourth quarter...
Aluminum scrap, alloy prices up on LME surge
Free-market aluminum scrap and secondary alloy prices recorded gains on this week’s surge in London Metal Exchange prices, although some players believe prices will settle down shortly. Twitch moved up to a range of 82 to 83 cents per pound from 81 to 83 cents, while secondary-grade painted siding...
LME aluminum should fluctuate between USD 2,040-2,080/mt on Tuesday: SMM Morning Review
Market is worried that QE3 may end ahead of schedule, causing LME aluminum to slid to USD 2,034.3/mt in early European session, its lowest since November 29, 2012. As market aversion faded later, the US dollar index plummeted, attracting longs to buy metals at lows. As a result, LME aluminum staged...
Aluminium down 0.39% on global cues
Aluminium futures for February edged lower by 45 paise, or 0.39%, to Rs 113.85 per kg, in 59 lots at the Multi Commodity Exchange today. The January contract fell by 40 paise to Rs 112.85 per kg in 447 lots. Weak trend at the London Metal Exchange affected aluminium futures prices here.
LME Cash Price Of Aluminum Drops on Weekly Index
After drifting 1.3 percent on the LME, the cash price of primary aluminum dropped to $2,045 per metric ton, making it the biggest mover on the weekly Aluminum MMI®. Following a 0.6 percent drop on the LME, the aluminum 3-month price finished the week at $2,091 per metric ton. The Indian aluminum...
