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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Shanghai Metals Market Morning Review - 2011/12/5 Aluminum Market
The U.S. non-farm payroll data came out better-than-expected last Friday, helping the U.S. dollar index climbing 0.361 points to 78.665. LME aluminum continued to move within a narrow range last Friday. The metal opened at USD 2,130/mt and closed near USD 2,120/mt. Due to the strengthening U.S....
Aluminium inflows rise on dollar crunch, poor demand
Large shipments of aluminium are expected to arrive into London Metal Exchange (LME) warehouses in December as a souring economic outlook crimps demand and a European dollar crunch intensifies the need for cash ahead of the year end. Producer metal has become more freely available as consumers have...
Shanghai Metals Market Morning Review - 2011/12/2 Aluminum Market
Significantly contracted manufacturing activities in September’s China and euro zone weakened support from a reserve requirement cut by China central bank on the previous day. Better-than-expected manufacturing index from the U.S. alone did not provide much comfort for investors, with the U.S....
LME Aluminum to fall to USD 1989 per tonne
BR reported that LME Aluminum will fall to the November 25 low of USD 1,989 per tonne as a wave (3)-4 rebound has completed. The rebound was weak, as it failed a resistance at USD 2,043, the 38.2% Fibonacci retracement on the fall from USD 2,130 to USD 1,990 confirming a preceding downtrend is...
Shanghai Metals Market Morning Review - 2011/12/1 Aluminum Market
The U.S. Fed together with the European Central Bank and other 4 large central banks made a joint statement on November 30th to lower U.S. dollar swap prices by 50 basis points and to take measures to provide liquidity for financial markets. Meanwhile, China’s central bank said to lower bank...
Shanghai Metals Market Morning Review - 2011/11/30 Aluminum Market
Data from the U.S. Conference Board shows the country’s Consumer Confidence Index has climbed to 56, a seven-month high in November. LME aluminum failed to receive much support from such data, however, due to a strong wait-and-see sentiment caused by weak aluminum demand. The metal closed USD 31/mt...
Alcoa's Upstream Value Not Shaken by Economic Uncertainty
Aluminum is a highly cyclical industry, and Alcoa's (AA) shipments have not yet recovered to prerecession levels; aluminum prices are still more than 35% below their 2008 peak after losing some of their gains in the past few months. We think that long-term fundamentals support aluminum demand and...
LME aluminium to rebound to $2,043/T
LME aluminum will rebound to $2,043 per tonne, as a wave (3)-3 has completed. A Fibonacci retracement analysis on the fall from $2,130 to $1,990 reveals a target at $2,043, the 38.2 percent level, which could be the ultimate high the current wave (3)-4 could reach. Support is at $1,990, a break...
Shanghai Metals Market Morning Review - 2011/11/29 Aluminum Market
News said on November 28th that European leaders will propose a new solution for the region’s debt crisis and IMF may provide Italy with 400-600 billion euro of financial aid. Meanwhile, U.S. National Retail Federation data show retail sales during this year's Thanksgiving Day surged 16% from last...
Base metals gains on global cues
Most of base metals recovered at the non-ferrous metal market here today on moderate stockist buying amid better industrial offtake on the back of rebound in London Metal Exchange (LME). The industrial metal surged at the LME on weak dollar amid renewed buying by investors following Europe decision...
Shanghai Metals Market Morning Review - 2011/11/28 Aluminum Market
Italian bond yields surged to new highs last Friday. Standard & Poor’s downgraded Belgium’s debt rating and offered a negative outlook for the country. Mounting worries towards the European debt crisis caused a continuous slip in the Euro while the US dollar index surged to 79.702 supported by its...
LME aluminium's target of $2,029/T intact
SINGAPORE: A bearish target at $2,029 per tonne is unchanged for LME aluminum, as it is riding on a downward wave (3)-3. This wave will unfold towards the 161.8 percent Fibonacci projection level, based on the length of the wave (1) and the peak of the wave (2) at $2,165. The metal has broken twice...
SMM Morning Review - 2011/11/24 Aluminum Market
HSBC’s November China PMI contracted unexpectedly. Demand was weak at major consumption countries. Disappointing results of German bond sales added to worries that the Euro zone debt crisis is spreading into core countries of the region. As a result, investors sold their commodities to buy the...
Metal Prices to Fall Further on US, European Debt Fears
LME base metals prices continued to fall.Shanghai metal prices seemed to stabilize, but there is still a possibility that metal prices will fall further in the short term since US and European stocks plummeted again yesterday. Fears of US and European debt issues and expectations of a slowdown of...
SMM Morning Review - 2011/11/23 Aluminum Market
LME aluminum previously climbed and hit an intraday high of USD 2,102/mt overnight after rating agencies successively confirmed their ratings for the U.S. However, a downward adjustment for the U.S. GDP during the third quarter added to the slightly bearish market sentiment, which trimmed gains of...
Aluminium prices unlikely to rebound amid a slowdown
Aluminium prices on the London Metal Exchange (LME) have fallen 23% from their April 2011 peak to around $2,140/tonne. The rally was triggered by the excess liquidity injected into the markets by the US Federal Reserve as part of its QE2 (quantitative easing) programme in November 2011. But as the...
SMM Morning Review - 2011/11/22 Aluminum Market
The European debt crisis has shown signs of spreading to France and Germany. Meanwhile, the US super committee said they failed to reach a deficit-cutting agreement for at least USD 1.2 trillion. Though major credit rating agencies said this will not affect their ratings for the US, investor...
Shanghai Metals Market Morning Review - 2011/11/21 Aluminum Market
Spanish and Italian debt yields dropped last Friday, which was believed to be caused by bond purchases by the European Central Bank. The Conference Board Leading Economic Index released later grew 0.9%, which was more market expected, thereby alleviating worries towards the European debt crisis....
