H1’26 LME aluminium stocks dip 31.82%: Russian sanctions & Gulf crisis pack a double blow
As we reflect on the Middle East crisis that commenced on February 28, 2026, and stretched into the second half of the year, it brings to mind the dramatic rise and fall of the London Metal Exchange (LME) aluminium price that reached four-year highs before cooling down. The skyrocketing prices...
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...
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Nalco offers discount of 2,500 rupees ($44.26) per tonne across all products
Aluminium major Nalco is under tremendous market pressure due to dropping aluminium prices in the London Metal Exchange (LME) and higher production costs. to boost sales and to cope with the continuous losses, India's state-run National Aluminium Co Ltd (NALCO) has offered a discount of 2,500...
Base metals outlook by Kotak
MCX Aluminum may note gains tracking firmness in international exchange. Supporting prices is firmness in copper prices and falling stocks at LME. Stocks at LME rose by 2,050 tons yesterday after declining by 16650 tons last week. Meanwhile cancel warrants ratio jumped to 37.5% signaling demand in...
LME Aluminum slipped to USD 1,915.8/mt: SMM Morning Review
The US dollar index plunged, helping commodities rebound, after several emerging economies disclosed a USD 900 billion IMF capital injection to help contain the European debt crisis and with stronger expectations for Fed stimulus after US May housing starts trailed estimates. Weak fundamentals in...
LME Aluminum continues the losing streak: SMM Morning Review
Greek election results motivated early Asian trading, but the market soon focused on whether the new government can improve Greece's debt problem and optimism gradually dissipated, and with Spain's 10-year bond yields climbing to more than 7% to further exacerbate the worries over the debt of...
Aluminum continues to struggle around $1,950/ton
Aluminum continues to struggle around $1,950 a metric ton support, said Edward Meir, commodities consultant with INTL FCStone. Meir continued that, “Some of this may be due to the lack of fresh production cutbacks despite prices below $2,000. This is especially true of China, where year-to-date...
Base metals, except aluminum, close higher
Base metals have closed mostly higher on the London Metal Exchange (LME), finding some support from hopes for further economic stimulus and some short-covering ahead of the weekend. At the PM kerb close on Friday, LME three-month copper was 1.2 per cent higher at $US7,510 a metric ton. Aluminum...
LME delists 2 Aluminum brands, suspends another
The London Metal Exchange Friday said it has delisted one aluminum alloy brand, suspended one high-grade primary aluminum brand and delisted one other high-grade primary aluminum brand. The delisted aluminum alloy brand is MET-AL, produced by U.S.-based Met-Al Inc. The suspended high-grade primary...
LME aluminum settled down USD 18.3/mt at USD 1,935.3/mt: SMM Morning Review
The Greek election led to cautious shorts standing on the sidelines. Weaker-than-expected May industrial output and Michigan University Consumer Confidence Index in the US rekindled stimulus expectations on Fed. The US dollar retreated, helping commodities rebound. LME aluminum, however, failed to...
Base metal price fell at the non-ferrous metal market
In a limited activity, tin, brass and select aluminium prices fell at the non-ferrous metal market here today on subdued industrial offtake on the back of bearish London Metal Exchange (LME) advices. Meanwhile, Nickel spurted on renewed demand from alloy industries. Industrial metal were trading...
LME aluminum settled down USD 6.5/mt or 0.33% at USD 1,953.5/mt
Italian and Spanish debt yields climbed. Greek stocks prices jumped before the Greek election. US CPI and employment data disappointed, dragging the US dollar index below 82. LME aluminum opened at USD 1,960/mt during Asian trading and climbed slightly, shortly breaking through the 5-day moving...
LME aluminum settled down USD 10/mt or 0.51% at USD 1,960/mt: SMM Morning Review
Soft US economic data dragged the US dollar index down to 82. LME base metals stayed within narrow bands, however, as investors were cautiously waiting for the Greek election result. LME aluminum opened at USD 1,975/mt and settled down USD 10/mt or 0.51% at USD 1,960/mt. Both transactions and...
SHFE aluminum contract settled down RMB 60/mt at RMB 15,860/mt on Tuesday: SMM Daily Review
The most active SHFE aluminum contract for September delivery started lower at RMB 15,845/mt and settled down RMB 60/mt or 0.38% at RMB 15,860/mt on Tuesday. Resistance at the 5-day moving average was still strong. Positions added 1,528 lots to 100,942 lots. As LME aluminum prices have been soft...
The grey metal settled down USD 4/mt or 0.2% at USD 1,970/mt: SMM Morning Review
Greek debt yields surged to new highs, with 18 banks being downgraded. The Greek election is also near. European factors continued to stimulate risk aversion. LME aluminum met strong resistance at and stayed below the 5-day moving average, dropping to a low of USD 1,961/mt, a new low of this year....
LME aluminum closed down USD 12/mt or 0.6% at USD 1,974/mt: SMM Moring Review
Spain’s EUR 100 billion aids ignited bullishness in the market, but as practical measures are absent, pessimism is waning, pushing up the US dollar index and eroding gains of commodities. LME aluminum hit a high of USD 2,002/mt and closed down USD 12/mt or 0.6% at USD 1,974/mt. Latest LME aluminum...
LME Aluminum Shows Upward Movement while the Indian Cash Price Drops
On June 8, 2012, the Indian aluminum cash price fell by 0.7 percent, making it the day’s biggest mover on global aluminum markets. The cash price of primary aluminum moved up 0.5 percent on the LME, landing at $1,946 per metric ton. The 3-month price of aluminum finished the day on the LME at...
Aluminium to hang between Rs 108 per kg and Rs 107.5 per kg on11th June
MCX Aluminium buoyed by 0.5% or R 0.5 at R 108.9 per kg on Friday, 8th June and tested an intraday high of R 108.95 per kg and low of R 108 per kg. Bargain hunting with 10% dip in its open interest to 1900 lots lifted up the metal. The contract traded below 9-day EMA and RSI stood at 38.13....
LME aluminum settled down USD 2/mt or 0.1% at USD 1,986/mt on Friday
LME aluminum hit a low of USD 1,968/mt and almost recovered later supported by bargain-hunting, settling down a slight USD 2/mt or 0.1% at USD 1,986/mt on Friday. The wait-and-see sentiment was strong before delivery of Chinese economic data for May and as European leaders stepped up efforts on aid...
LME aluminum to hover between USD 1,970-2,000/mt: SMM Morning Review
Amid early strong interest rate cut expectations, the PBOC announced Thursday evening to cut one-year deposit and loan benchmark rates by 0.25 percentage point, boosting market confidence. During European trading, LME aluminum got over early weakness and climbed with other metals, breaking through...
