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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New fronts open in aluminium storage battle
New fronts are opening up in Europe and Asia in the battle between banks and trading houses to expand their storage hubs for aluminium, a metal meant for use in manufacturing but increasingly viewed as a store of value. Until recently, the battle was almost exclusively confined to one location,...
Shanghai Metals Market Morning Review - 2012/3/13 Aluminum Market
China’s first-in-ten-year trade deficit in February reported by General Administration of Customs added to worries towards a China slowdown. Commodity investors were mostly standing on the sidelines though, waiting for results of Fed interest rate meeting. Consequently, LME three-month aluminum...
Shanghai Metals Market Morning Review - 2012/3/9 Aluminum Market
LME three-month aluminum closed at USD 2,213/mt on Thursday, little changed from the previous trading day as a surge of 10,050 mt in stocks offset support from optimism towards the Greek debt-swap. Strong support at the USD 2,200/mt mark showed, however, after the contract slipped for a fifth...
Shanghai Metals Market Morning Review - 2012/3/7 Aluminum Market
LME three-month aluminum closed lower for a third consecutive day on Tuesday as worries towards a Greek default increased following Greek debt authority’s confirmation that March 8 is the deadline for investors to complete a debt swap. The US dollar index surged to 79.867, nearing 80, while the...
Shangai Metals Merket Morning Review - 2012/3/6 Aluminum Market
A selling wave swept across commodities markets on Monday as China lowered its growth target to 7.5%, euro zone PMI contracted in February and US factory orders dropped 1%. LME three-month aluminum dropped to a low of USD 2,271/mt overnight amid profit-taking by longs. The metal narrowed losses to...
Shangai Metals Merket Morning Review - 2012/3/5 Aluminum Market
LME three-month aluminum closed down USD 31.3/mt or 1.33% at USD 2,321.8/mt last Friday after a lower German retail sales and a higher Spanish unemployment rate were reported to again ignite worries towards the European debt crisis. While the situation in Europe is not optimistic, hopes for the two...
Shangai Metals Market Morning Review - 2012/3/1 Aluminum Market
LME three-month aluminum hit a high of USD 2,356/mt on Wednesday supported by European Central Bank’s capital injection and better-than-expected US economic data. The metal dropped below the USD 2,300/mt mark later, as Fed president Bernanke implied no more quantitative easing in the near term to...
LME aluminium to fall to $2,256.75/T
LME aluminium will fall to $2,256.75 per tonne, as it has broken a support at $2,306.25. The break has confirmed the completion of a five-wave cycle on the preceding rise from the Feb. 17 low of $2,150 to $2,356. A further drop from the current level is highly anticipated because the bearish...
MCX aluminium to extend uptrend on global cues
Aluminium yesterday traded with the positive node and settled 0.76% up at 112.4 as following the G20 failure to reach an agreement on euro zone aid and the drop of New York crude from a recent high, LME three-month aluminum closed down slightly by USD 3.3/mt or 0.14% at USD 2,318/mt on Monday. The...
Commodity Trading Tips for Aluminium by KediaCommodity
Aluminium yesterday traded with the negative node and settled -0.27% down at 112.1 tracking LME three-month aluminum ended positively for a seventh consecutive trading day on Tuesday, closing USD 9/mt or 0.39% higher at USD 2,327/mt as positive expectations for ECB refinancing operation and...
Aluminum now technically in bull market
Aluminum prices have “officially entered into a technical bull mode” after prices closed above the 200-day moving average for two consecutive days and also met other key technical standards, said Harbor Intelligence in a research note. “Since 2003, when these conditions have been met, LME aluminum...
Vedanta Aluminium says losses are short-term
As share prices of both Sesa Goa and Sterlite plummeted today, after Vedanta announced the merger of its loss-making entity Vedanta Aluminum Ltd (VAL) into the newly-formed company Sesa Sterlite, the Jharsuguda-based VAL said the losses were only short-term and linked to the fluctuation in metal...
Shangai Metals Market Morning Review - 2012/2/29 Aluminum Market
LME three-month aluminum ended positively for a seventh consecutive trading day on Tuesday, closing USD 9/mt or 0.39% higher at USD 2,327/mt as positive expectations for ECB refinancing operation and improving US consumer confidence in February beat a contraction in US durable goods orders in...
Vedanta Aluminium says losses are short-term
As share prices of both Sesa Goa and Sterlite plummeted today, after Vedanta announced the merger of its loss-making entity Vedanta Aluminum Ltd (VAL) into the newly-formed company Sesa Sterlite, the Jharsuguda-based VAL said the losses were only short-term and linked to the fluctuation in metal...
Shanghai Metals Market Morning Review - 2012/2/28 Aluminum Market
Following the G20 failure to reach an agreement on euro zone aid and the drop of New York crude from a recent high, LME three-month aluminum closed down slightly by USD 3.3/mt or 0.14% at USD 2,318/mt on Monday. The metal only hit USD 2,339/mt with the help of better than expected US pending home...
India's investment in aluminium on track as prices set to rise
Rising costs in the aluminium business and sluggish market conditions have crimped the margins of aluminium firms in India. Though three firms in the sector have posted a decline in third quarter earnings, new investments in ramping up production are clearly on track. Aluminium, on the London Metal...
Shanghai Metals Market Morning Review - 2012/2/27 Aluminum Market
LME three-month aluminum surged USD 47.3/mt or 2.08% last Friday to USD 2,321/mt, a record high since September 21, 2011, backed by strong short covering with a rebound in euro and New York crude’s marching towards USD 110/bbl. Positions of the contract dropped 2,538 lots while transacted contracts...
MCX aluminium to trade higher on global cues
Aluminium yesterday traded with the positive node and settled 1.4% up at 110.35 tracking LME three-month aluminum firstly dipped to a low of USD 2,243/mt but closed USD 27.5/mt or 1.22% higher at USD 2,243/mt on Wednesday, supported by climbing oil prices due to the Iran issue, strong US home sales...
