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 CEO: Detroit Warehouse Queues Won't Vanish Overnight
Queues to take aluminum out of warehouses in Detroit won't vanish overnight once a requirement kicks in for a unit of Goldman Sachs Group Inc. (GS) to increase deliveries, the chief executive of the London Metal Exchange said Thursday. Martin Abbott said delays in taking metal out of Detroit...
Shanghai Metals Market Morning Review - 2012/1/13 Aluminum Market
A further drop in China’s CPI growth and successful Spanish and Italian debt sales overnight boosted market confidence. An unexpected surge in unemployment claims later in the US to nearly 400,000, however, weakened such support. LME aluminum hit an intraday high of USD 2,197/mt overnight, but...
Aluminum Prices to Recover as Producers Cut Output, Alba Says
Aluminium Bahrain BSC, the second- largest producer of the metal in the Middle East, forecast that prices will recover this year as some suppliers cut output. “Less-competitive smelters will have to reduce their production capacity or even shut down” in the first half of 2012 because of low...
Shanghai Metals Market Morning Review - 2012/1/12 Aluminum Market
Despite a stalemate on solving the European debt crisis, rumors of aluminum output cuts across the globe had driven up LME aluminum a little bit on Wednesday. The metal closed overnight at USD 2,172/mt, up USD 14/mt or 0.65% from the previous trading day. Positions for the metal dropped further...
Commodity Trading Tips for Aluminium by KediaCommodity
Aluminium yesterday traded with the negative node and settled -0.05% down at 108.25 as the US dollar index stood steady at 81 last Friday as worries towards European debts outweighed support from strong non-farm payroll data of the US. LME aluminum, however, gained supported by profit-taking at the...
LME aluminium to fall to $2,050/T
LME aluminum will fall to $2,050 per tonne, as a rebound from the December 2011 low of $1,955.75 has completed. The rebound has adopted an "a-b-c" corrective wave mode, with the wave "c" having roughly travelled 161.8 percent the length of the wave "a", as indicated by a Fibonacci projection...
Shanghai Metals Market Morning Review - 2012/1/11 Aluminum Market
LME aluminum stocks may continue to drop as China’s cast aluminum and aluminum semis imports surged, Alcoa said to cut 12% output pressured by losses and rumors were heard more aluminum producers will cut output. Such expectation had contributed to a third successive gaining day of LME aluminum,...
UPDATE: Cost Of Storing LME Aluminum In Detroit To Jump 10% From April
The cost of storing aluminum in London Metal Exchange- approved warehouses in Detroit has soared by nearly 10% following the exchange's decision to force a Goldman Sachs Group Inc. (GS) subsidiary to double the rate at which it delivers metal out of its facilities there. The new rent of 45 cents a...
Alcoa output cuts unlikely to push up prices soon
Alcoa's AA +0.33% decision to cut 12% of its aluminum smelting capacity by mid-year could at best support London Metal Exchange prices around current levels and spur some speculative interest from commodities funds but the move won't be enough to have a substantial bullish impact on the...
LME aluminium signals mixed
Signals are mixed for LME aluminum as it is rangebound between $2,027.75-$2,087 per tonne. A rise above the range will confirm the continuation of wave (c) within a rising channel towards $2,107, which is pointed by the upper channel line and indicated by a Fibonacci projection analysis. A fall...
Shanghai Metals Market Morning Review - 2012/1/10 Aluminum Market
Shorts successively closed their positions after the New Year’s Day holiday with a supportive SHFE/LME aluminum price ratio. Both LME aluminum stocks and cancelled warrants are declining as a result, helping aluminum prices stabilize amid volatility in other base metals. The meeting between German...
Shanghai Metals Market Morning Review - 2012/1/9 Aluminum Market
The US dollar index stood steady at 81 last Friday as worries towards European debts outweighed support from strong non-farm payroll data of the US. LME aluminum, however, gained supported by profit-taking at the tail of trading, closing USD 24.5/mt or 1.2% higher at USD 2,063.5/mt. Though the...
SMM Morning Review - 2012/1/6 Aluminum Market
The cold response to European debt added to worries towards the European debt crisis. The strong US economic employment data in contrast increased the appeal of the US dollar. As a result, the euro dipped below 1.28 against the US dollar while the latter broke through the 81 mark, removing...
LME aluminium to reclimb to $2,078/T
SINGAPORE: LME aluminum is expected to revisit Tuesday's high of $2,078 per tonne and form a top around this level. The rebound that started at the Dec. 14 low of $1,955.75 has almost completed, as wave (c) briefly pierced above $2,059, the 100 percent Fibonacci projection level. Chances are low...
DJ LME: Suspends Zalco High Grade Primary Aluminum Brand
The London Metal Exchange Tuesday said it has suspended the brand Zalco under its high-grade aluminum contract. Until further notice, no more deliveries of the brand will be accepted for LME warranting, the LME said. The brand has been suspended with immediate effect.
Shanghai Metals Market Morning Review - 2012/1/5 Aluminum Market
LME aluminum for three-month delivery hit an intraday high of USD 2,087/mt at the tail of trading on Wednesday backed by a rebound in New York crude. The metal failed to consolidate, however, after the US dollar index returned above 80 and closed USD 4.5/mt or 0.22% lower at USD 2,059.3/mt. Its...
Shanghai Metals Market Morning Review - 2012/1/4 Aluminum Market
LME aluminum prices opened at USD 2,020/mt overnight supported by better-than-expected Purchasing Managers' Index (PMI) in China and Europe. Later, inspiring US manufacturing data and significantly weakening US dollar index helped push up LME aluminum prices to USD 2,077/mt, with prices finally...
LME aluminium to rise to $2,059/T
SINGAPORE: LME aluminum will rebound more to $2,059 per tonne, as it is riding on an upward wave (c). This wave is the second upward leg of a corrective wave cycle that started at the Dec. 14 low of $1,955.75. A Fibonacci projection analysis points to a target at $2,059, the 100 percent level,...
