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 - 2011/11/1 Aluminum Market
Japan’s US dollar buying move to curb appreciation of the Japanese Yen and investor doubts towards settlement of details for the EU deal struck at the latest EU Summit had forced the euro to erase previous gains, which in turn pushed the US dollar index to above 76.5% with a nearly 2% gain. Base...
LME aluminium to fall to $2,208/T
LME aluminum will fall to the Oct. 27 low of $2,208 per tonne as a rebound from the Oct. 20 low of $2,077.75 could have completed around a resistance at $2,277 per tonne. The resistance is the 50 percent Fibonacci retracement on the fall from $2,476 to $2,077.75, and has served as an ultimate high...
Shanghai Metals Market Morning Review - 2011/10/31 Aluminum Market
Cautiousness prevailed among investors last Friday as details of the European bailout agreement had yet to be determined. As a result, LME aluminum ended its five-day gain during the day and finally closed USD 13/mt or 0.58% lower at USD 2,245/mt. Traded volumes during the day contracted to near...
SMM Brief Review - 2011/10/28 SHFE Aluminum Futures
The most active SHFE 1201 aluminum contract opened higher at RMB 16,570/mt on October 28th following an overnight surge in LME aluminum prices. The contract hit an intraday high of RMB 16,680/mt earlier in the day. However, as support from the EU deal has already been consumed and gains during the...
SMM Morning Review - 2011/10/28 Aluminum Market
The EU Summit on Wednesday did not disappoint investors, with a series of bailout plans being reached. Supported by the inspiring news, the Euro surged over 2.5%, with the US dollar index dropping below 75. LME aluminum broke through the USD 2,250 resistance level of previous two trading days and...
SMM Morning Review - 2011/10/27 Aluminum Market
Positive news overnight include China said to fine regulate its macro economy at times appropriate, better-than-expected durable goods and new home sales data from the US, and that the German parliament approved the EFSF expansion plan, which helped metals prices surge. However, arguments over aids...
LME aluminium to retrace into $2,161-$2,175 range
LME Aluminum is expected to retrace into a range of $2,161-$2,175 per tonne, as a rebound from the Oct. 20 low of $2,077.75 could have completed. The rebound slowed after it approached a resistance at $2,230, the 38.2 percent Fibonacci retracement on the fall from $2,476 to $2,077.75, and the wave...
SMM Morning Review - 2011/10/25 Aluminum Market
The surge in LME aluminum prices continued overnight amid lasting optimism towards the EU Summit solution this Wednesday, positive China PMI data in October and rumors that China will ease its monetary policies. The metal closed 3.95% higher at USD 2,217.3/mt as a result. Total positions of the...
SMM Morning Review - 2011/10/24 Aluminum Market
As investors were generally confident a bailout plan will be provided this Wednesday by European leaders, and after US Fed officials said they were considering providing more stimuli amid worries towards economic growth of their country, the US dollar index plunged last Friday, helping LME aluminum...
SMM Morning Review - 2011/10/21 Aluminum Market
The market panic continued overnight amid EU summit delay possibilities, bearish remarks from German finance minister on leveraging EFSF, and disappointing euro zone confidence index, US employment data and Philadelphia Fed manufacturing data etc. LME aluminum once dropped to USD 2,078/mt, a new...
SMM Morning Review - 2011/10/20 Aluminum Market
The European debt bailout negotiation bogged down again overnight following a rating cut for Spain and divergence on EFSF expansion. Later Fed said the US economy continued to grow slowly in September, but with a dim outlook, which led to a selling wave for stocks and commodities at the tail of...
Base metals drop on global cues
Base metal prices dropped at the non-ferrous metals market here today on hectic stockists selling reacting to fall in the London Metal Exchange (LME). The industrial metals declined at the London Metal Exchange over German comments that European summit at Brussels could not produce a definitive...
SMM Morning Review - 2011/10/19 Aluminum Market
Since China’s GDP growth during the third quarter stayed high above 9%, its tight monetary policies are expected to continue until the CPI growth drops below 6%. This will add to the already strong capital pressure among Chinese businesses, which in turn will lead to a weaker Chinese demand for...
LME aluminium to drop towards $2,130/T
A bearish target at $2,130 per tonne has been established for LME aluminum as it has resumed a long-term downtrend. A preceding wave (4) rebound that started at the Oct. 3 low of $2,130 has completed, briefly piecing above $2,248, the 38.2 percent level, but narrowly missing the 50 percent level at...
SMM Morning Review - 2011/10/18 Aluminum Market
The global market sentiment turned bearish again after Germany denied the final solution deadline and the New York Fed said October manufacturing activities contracted for a fifth straight month. The US dollar index again returned to above 77. After hitting an intraday high of USD 2,256.5/mt, LME...
SMM Morning Review - 2011/10/17 Aluminum Market
China’s preliminary results from its inflation fight and a deadline for a bailout plan for the European debt crisis during the G20 summit eroded momentum of the US dollar index to return above 77 last Friday. However, LME aluminum only rose slightly during the day due to weaker Chinese demand...
LME: Lists Spanish Producer Alusigma's Aluminum Alloy, NASAAC Brands
The London Metal Exchange Friday said it has listed an aluminum alloy and North American special aluminum alloy brand for Spanish producer Alusigma S.A. The material will be produced at the company's Asturias plant, which has an annual capacity of 18,000 metric tons. Both will be available with...
LME,SFE Aluminium market position
Supportive to copper prices were lower inventories of the metal at LME warehouses. Latest data showed stocks down 2,900 tonnes to 450,200 tonnes, still about a third higher since last December. Copper inventories in warehouses monitored by the Shanghai Futures Exchange rose 1.8 percent from Sept....
