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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LME aluminum closed down USD 21/mt at USD 2,096/mt on Wednesday: SMM Morning Review
LME aluminum closed down USD 21/mt or 0.99% at USD 2,096/mt on Wednesday, after Europe delivered disappointing manufacturing and employment data and the US disclosed a rapid decline in private employments to push the US dollar index above 79. SMM expects aluminum prices to dip slightly as shorts...
LME Primary Aluminum price drops the lowest in 3-Months
The primary aluminum 3-month price saw the biggest shift of the day, dropping 0.5 percent on the LME to close at $2,098 per metric ton on May 1, 2012. The LME primary aluminum cash price weakened by 0.5 percent, settling at $2,058 per metric ton. Indian primary aluminum held its value yesterday,...
LME aluminum closed down USD 2.5/mt or 0.12% at USD 2,117/mt on Tuesday: SMM Morning Review
LME aluminum closed down USD 2.5/mt or 0.12% at USD 2,117/mt on Tuesday, as worries towards the European debt crisis reignited by downgrades on most Spanish banks overshadowed stronger expectations for Fed easing following release of mixed US economic data. The light metal only hit USD 2,133.8/mt....
Shanghai Metals Market Morning Review - 2012/4/27 Aluminum Market
While US delivered mixed data, LME aluminum closed up USD 18/mt or 0.87% on Thursday as Fed’s decision to keep stimulus as a possible policy direction continued to provide support. Its gains were limited by a drop of 1,521 lots in trading volume to 8,227 lots, though. Investors would mostly stand...
Shanghai Metals Market Morning Review - 2012/4/26 Aluminum Market
LME aluminum closed down USD 7/mt or 0.34% at USD 2,073/mt on Wednesday as a surge of over 9,000 mt in aluminum stocks and the sharpest drop since 2009 in US durable goods orders in March overshadowed strong annual reports from the US and Fed’s decision to maintain low interest rates until late...
Shanghai Metals Market Morning Review - 2012/4/24 Aluminum Market
LME aluminum hit a low of USD 2,050/mt overnight as risk aversion investors moved to the safer dollar following release of weak manufacturing data from both China and Europe. The light metal recovered a little bit at the tail of trading after US dollar retreated, settling USD 16.3/mt or 0.78% lower...
LME Aluminum Prices Dropping This Week, Asian Prices Steady
After Flat Days, 3-Month Aluminum Price Drops 0.9% The 3-month price of primary aluminum experienced the biggest price shift of the day in aluminum prices, dropping 0.9 percent on the LME to close at $2,068 per metric ton on April 19, 2012. The cash price of primary aluminum saw a 0.6 percent...
Shanghai Metals Market Morning Review - 2012/4/23 Aluminum Market
LME aluminum hit USD 2,091/mt on Friday supported by gains in European stock markets and strong annual reports from the US, but only closed USD 4.3/mt or 0.2% higher at USD 2,078.3/mt as cautiousness stayed. Transacted contracts dropped 3,456 lots to 8,960 lots. The US dollar index closed down at...
Shanghai Metals Market Morning Review - 2012/4/20 Aluminum Market
LME aluminum opened at USD 2,065/mt and dipped to USD 2,051/mt later pressured by weak US economic data. Successful Spanish debt auction afterwards helped the metal break through the 5-day moving average and finally settled near the level. Transacted contracts stayed above 10,000 lots while...
LME aluminum opened at USD 2,085/mt and dropped to near USD 2,058/mt on Wednesday: SMM Morning Review
LME aluminum opened at USD 2,085/mt and dropped to near USD 2,058/mt on Wednesday as investors sold euro assets and bought safer US dollar assets on worries towards Spanish debt auction. The 10-day moving average again became a resistance level. Total positions dropped 19,122 lots to 683,389 lots...
LME aluminum closed up USD 1.3/mt or 0.06% on Tuesday: SMM Morning Review
LME aluminum closed up USD 1.3/mt or 0.06% on Tuesday, with transactions plunging 29,400 lots, after surrendering most gains following release of mixed US housing data. The light metal previously hit USD 2,105/mt supported by falling Spanish debt yields and strong annual reports from US businesses....
Kedia Commodity offers tips for Aluminium Commodity Trading
Aluminium yesterday traded with the positive node and settled 0.28% up at 106.1 as US dollar index stayed near 80 as better-than-expected retail sales in the US continue to support the reserve currency while Spanish debt causes worries towards the euro zone debt crisis to stay. LME aluminum moved...
LME aluminum stocks dropped 7,425 mt to 5,045,275 mt: SMM Morning Review
The US dollar index stayed near 80 as better-than-expected retail sales in the US continue to support the reserve currency while Spanish debt causes worries towards the euro zone debt crisis to stay. LME aluminum moved within a narrow band between USD 2,062.5-2,082.5/mt and settled up USD 9/mt or...
LME Aluminum Closed Down USD 36/Mt Or 1.71% at USD 2,070/Mt Last Week: SMM Review
LME aluminum closed down USD 36/mt or 1.71% at USD 2,070/mt last Friday as weaker-than-expected Chinese GDP data and rebounding Spanish debt yields strengthened risk aversion and helped the US dollar index return above the 80 mark. The light metal hit a low of USD 2,061/mt and recovered a little...
Japan traders turn to LME warehouse aluminum alloy stocks on lower prices
Japanese traders are seeking to source ADC12 as well as 226 aluminum alloy stored in London Metal Exchange warehouses, as LME aluminum alloy prices have fallen below physical spot prices, market sources said Friday. One Tokyo trader said European sellers had approached his company offering physical...
CME plans aluminum swaps to capture large OTC market
CME Group Inc said on Wednesday it plans to launch an aluminum swap futures contract based on the Midwest physical premium, in a move to take advantage of a burgeoning over-the-counter market and compete with the London Metal Exchange's own swap products. The swaps, which are designed for hedging...
LME aluminum above the 10-day moving average to USD 2,126/mt today-SMM Morning Review
The successful bond auction by Italy and Fed’s consideration of QE3 as disclosed by New York Fed President had sent LME aluminum above the 10-day moving average to USD 2,126/mt on Thursday. Sell-off at higher prices had eroded most of these gains, however, with the light metal settling up only USD...
London Metal Exchange aluminum expects to hover between USD 2,080 to 2,120/mt today
LME aluminum climbed USD 26.5/mt or 1.28% to USD 2,098/mt on Wednesday, with an unexpected report of profits and higher-than-expected revenue by Alcoa and dropping yields of Spanish and Italian 10-year debt. Total positions plunged by 18,599 lots as shorts moved to the sidelines. Strong resistance...
