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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Aluminium to fall into $2,241-$2,259 range
LME aluminium is expected to retrace into a range of $2,241-$2,259 per tonne, as it has completed a five-wave cycle. The five waves have made up a bigger wave (3), which will be partially reversed by a downward wave (4). A Fibonacci retracement on the rise from $2,165 to $2,288.50 indicates the...
Aluminium down 0.14% on sluggish demand
Aluminium prices edged lower by 0.14% to Rs 110.20 per kg in the futures market, tracking a weak trend in global markets and subdued domestic demand. At the Multi Commodity Exchange, the February contract for aluminium shed 35 paise, or 0.14%, to Rs 110.20 per kg, with a business volume of 188...
DJ LME: Suspends 2 Primary Aluminum, One NASAAC, One Alloy Brand
The London Metal Exchange Wednesday said it has suspended two of Germany-based Trimet Aluminium's primary aluminum brands, as well as an aluminum alloy and North American special aluminium alloy contract, or NASAAC, brand produced by Poland's Alumetal. No further deliveries of the primary aluminum...
Shanghai Metals Market Morning Review - 2012/2/24 Aluminum Market
Even though stabilized US new unemployment claims and climbing crude prices provided support, European Commission’s pessimistic economic forecasts, which expect euro zone GDP to contract 0.3% and EU GDP to see zero growth in 2012, still induced USD 3.8/mt or 0.16% of loss in the LME three-month...
Aluminium up 0.28% on rising demand
Buoyed by a firming trend in base metals at the London Metal Exchange (LME), aluminium prices rose by 0.28% to Rs 106.30 per kg in the futures market today. At the Multi Commodity Exchange, the February contract rose by 30 paise, or 0.28%, to Rs 106.30 per kg, with a business volume of 229 lots....
Shanghai Metals Market Morning Review - 2012/2/23 Aluminum Market
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 data and a return of LME cancelled warrants to above 30% of total. SMM expects LME...
Earnings from aluminium business continue to decline for Hindalco
Aluminium, on the London Metal Exchange (LME), has been falling since the beginning of the year. So has been the core earnings of Hindalco Industries and in turn, the profits. The company maintains that its two businesses, aluminium and copper, complement each other well. D Bhattacharya, managing...
Shanghai Metals Market Morning Review - 2012/2/22 Aluminum Market
LME three-month aluminum broke through the 5-day moving average and closed up USD 58.3/mt or 2.66% at USD 2,250.3/mt on Tuesday, supported by the second Greek bailout. Transactions increased 8,027 lots to 13,231 lots. SMM expects LME three-month aluminum to stay above USD 2,200/mt and move between...
Shanghai Metals Market Morning Review - 2012/2/21 Aluminum Market
A reserve ratio cut by China’s central bank last Saturday and optimism towards the second Greek bailout helped strengthen the euro, which in turn led to a higher opening price of LME three-month aluminum futures on Monday. The metal quickly pared gains, however, and closed up USD 38.8/mt or 1.8% at...
Shanghai Metals Market Morning Review - 2012/2/20 Aluminum Market
LME three-month aluminum hit a low of USD 2,150/mt and closed down USD 21.5/mt or 0.99% at USD 2,153.3/mt last Friday, as investors were still skeptical towards the second Greek bailout. Latest SHFE aluminum stocks increased 2,675 mt to 5,120,650 mt while total positions climbed 1,054 lots to...
Alumininum down 0.3% on weak global cues
Aluminium futures fell by 0.32% today after speculators reduced their positions, triggered by a weak trend at the London Metal Exchange (LME). At the Multi Commodity Exchange, aluminium for delivery in February fell by 35 paise, or 0.32%, to Rs 107.35 per kg, with a business turnover of 109 lots....
LME aluminium to dive to $2,135/T
SINGAPORE: LME aluminium will dive to $2,135 per tonne, as indicated by its wave pattern and a Fibonacci projection analysis. The metal is riding on a downward wave "c", unfolding towards the 100 percent Fibonacci projection level, based on the length of the preceding wave "a" and the peak of the...
Shanghai Metals Market Morning Review - 2012/2/16 Aluminum Market
Euro zone Finance Ministers said overnight they were disappointed by Greece’s lack of determination to implement its austerity plan and decided to postpone voting for the second round of Greek bailout until next Monday, adding to investor worries towards the euro zone and pushing the US dollar...
Aluminium weakens on global cues
Aluminium prices edged lower by 0.42% to Rs 107.85 per kg in the futures market after speculators reduced positions taking weak cues from overseas markets amid sluggish spot demand. At the Multi Commodity Exchange, aluminium for delivery in February shed 55 paise, or 0.42%, to Rs 107.85 per kg,...
Aluminum Traders Probably Closed Out Bets That Prices Will Climb
Aluminum traders probably closed out bets that prices will climb as the number of outstanding contracts declined to the lowest in more than three months at the same time as prices fell. Open interest in London Metal Exchange aluminum futures declined by 9,457 lots to 1.35 million contracts in the...
Shanghai Metals Market Morning Review - 2012/2/15 Aluminum Market
Even though LME aluminum stocks surged again by 49,900 mt to 5.11 million mt as the delivery date nears, US retails sales in January came out far below expected and investors still hold worries towards the Greek austerity plan, which helped the US dollar index consolidate at 79, LME three-month...
LME aluminium to fall further to $2,207/T
SINGAPORE: LME aluminium will drop further to the Feb. 7 low of $2,207 per tonne, as indicated by its wave pattern and a rising channel. A medium-term uptrend rising from the Dec. 14, 2011 low of 1,955.75 could have completed after developing five waves, with wave (5) having peaked at the Feb. 9...
Shanghai Metals Market Morning Review - 2012/2/13 Aluminum Market
Resistance from extreme right wing leaders on the new austerity plan in Greece last Friday again ignited investor worries towards a Greek default, pushing the US dollar index back above 79 and leading to short selling for commodities and stocks. LME aluminum for three-month delivery hit an intraday...
