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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Commodity Trading Tips for Aluminium by KediaCommodity
Aluminium yesterday traded with the negative node and settled -0.19% down at 105.35 tracking LME aluminum opened at USD 2,016/mt and closed 1.72% or USD 34.8/mt lower at USD 1,984/mt on Wednesday as optimism disappeared among in European asset investors, due to climbing Italian debt yields,...
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...
Aluminium likely to remain volatile in first half of 2012
Aluminium is likely to remain volatile in 2012. Intensifying economic concerns, coupled with the euro zone debt woes may keep the metal under pressure in the first half. In the second half, however, the light base metal is set to get support from a possible recovery in manufacturing and...
LME aluminium target of $1,969.50/T aborted
A bearish target at $1,969.50 per tonne has been aborted for LME aluminum as a rebound from the Dec. 14 low of $1,955.75 is expected to continue. The metal has been zigzagging within a rising channel, and each time the lower channel line had been touched, a sharp rebound was triggered. The latest...
Shanghai Metals Market Morning Review - 2011/12/30 Aluminum Market
Despite of inspiring employment and house sales data from the US, LME aluminum only rose a slight USD 2.5/mt or 0.13% to USD 1,987/mt overnight as European debt woes and high LME aluminum stocks continued weighing on the metal. Deals for aluminum are expected to remain light this last trading day...
LME aluminium to drop to $1,969.50/T
A bearish target at $1,969.50 per tonne has been established for LME aluminum as a rebound from the Dec. 14 low of $1,955.75 has completed. The rebound has adopted an "a-b-c" corrective wave mode, with the wave "c" having stopped around $2,037, the 100 percent Fibonacci projection level, even...
Shanghai Metals Market Morning Review - 2011/12/29 Aluminum Market
LME aluminum opened at USD 2,016/mt and closed 1.72% or USD 34.8/mt lower at USD 1,984/mt on Wednesday as optimism disappeared among in European asset investors, due to climbing Italian debt yields, remaining weak Chinese demand, the weakening Euro and the Strengthening US dollar. The metal saw the...
Shanghai Metals Market Morning Review - 2011/12/28 Aluminum Market
Support from the strong consumer confidence in the US was weakened by mixed manufacturing data. Further more, closely followed Christmas Day and New Year’s Day have kept most investors on the sidelines, thereby depressing transaction volumes. As such, SMM expects LME aluminum to move narrowly...
LME aluminium biased to rise to $2,037/T
LME aluminum is biased to gain more to $2,037 per tonne, as it is poised to rise above a range of $1,962.25 - $2,020.50. The metal is riding on an upward wave "c", progressing towards $2,037, the 100 percent Fibonacci projection level. A rise to $2,037 will confirm a triple-bottom, with a bullish...
Shanghai Metals Market Morning Review - 2011/12/26 Aluminum Market
Despite of inspiring durable goods orders and new home sales data from the US, LME aluminum for three-month delivery closed USD 2.3/mt or 0.11% lower at USD 2,018.8/mt last Friday, as the US dollar index stayed high at 80 and most investors stood on the sidelines due to the nearing of Christmas....
ALUMINIUM-Major market developments in November
Aluminium prices lost ground in November and while persistent demand worries will weigh on sentiment, production cuts will limit further declines. "A lot of the industry is under pressure because of these low prices, so there's going to be a lot of support if prices fall further, there's not that...
Shanghai Metals Market Morning Review – 2011/12/23 Aluminum Market
More shorts closed their LME aluminum positions overnight after inspiring economic data streamed out from the US, with total LME aluminum positions plunging 24,500 lots to the level a month earlier. This had supported a strong rebound in LME aluminum, which closed USD 22/mt or 1.1% at USD 2,021/mt,...
Aluminium Futures Correct By 13% In 2011
The non volatile nature of Aluminium futures helped it to nullify some of the heavy selling days in the commodities. Still, Aluminium will take home more than 13% losses on benchmark London forwards contract in the year 2011. Demand outlook for 2012 has been dull and the predictions from some of...
LME aluminium three-month target at $1,505/T
LME aluminium will fall to $1,505 per tonne, as it is riding on a powerful wave "C". The wave "C" is the second downward leg of an "A-B-C" corrective wave cycle that started at the 2008 high of $3,380, and it could be mirroring the sharp wave "A" drop from $3,380 to the 2009 low of $1,279. A...
Shanghai Metals Market Morning Review - 2011/12/21 Aluminum Market
Supported by strong economic data from Germany and the US as well as better than expected Spanish bond auction results, the Euro rebounded and the US dollar index slipped below 80 overnight. Despite of successive surges in stocks, LME aluminum returned to above USD 2,000/mt after climbing 1.48% to...
Aluminum LME Inventories Balloon to Record High – Part One
LME aluminum inventories have been skyrocketing in recent days, leading some to speculate that falling demand is creating a massive surplus. They may be right; even Andy Home, Reuters columnist and usually a good interpreter of the workings of the LME and related physical trading, wrote an article...
Aluminium futures up 0.38% on global cues
Aluminium futures prices rose marginally by 0.38% to Rs 104.75 per kg today, as speculators enlarged their positions in tandem with a firming trend overseas. At the Multi Commodity Exchange, December aluminium edged up by 40 paise, or 0.38%, to Rs 104.75 per kg, with a business volume of 392 lots....
Shanghai Metals Market Morning Review – 2011/12/20 Aluminum Market
Worries towards the euro zone debt crisis led to a struggle of the euro at 1.3 US dollar and in contrast helped the US dollar index consolidate above 80. As Christmas nears, more investors chose to close their positions on risk concerns. Due to weak consumption, the LME aluminum stock surged...
