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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SMM Morning Review - 2011/10/14 Aluminum Market
The EFSF expansion was approved by all members of the euro zone, but failed to provide further support in global markets. China’s September import and export data dropped both on a yearly and a month basis. Trade surplus stayed on the downward track and missed market expectations. The outlook for...
SMM Morning Review - 2011/10/13 Aluminum Market
Expectations for China to loosen monetary policies towards medium-to-small businesses led to a strong rebound in Shanghai Composite Index on October 12th, with the index ending with the largest daily gain of the year. Investors’ optimism towards the European debt crisis also strengthened on...
SMM Morning Review - 2011/10/12 Aluminum Market
Slovakia vetoed the EFSF expansion plan overnight, Greece may not be able to receive the new round of 8 billion euro loan scheduled in early November, Standard & Poor’s downgraded ratings of 10 Spanish banks… With negative news continuously coming out, the European debt crisis seemed still far away...
SMM Morning Review - 2011/10/10 Aluminum Market
Though China and the US reported some improving economic data during the Chinese National Day holiday period, the global economic recovery remained out of sight. Investors’ pessimism towards the global economy therefore only saw slight comfort. In the contrary, the spreading and worsening debt...
LME aluminium to clear resistance of $2,248/T
LME aluminium will retest a resistance at $2,248 per tonne, and head towards $2,284 thereafter. The first BID to clear this 38.2 percent Fibonacci retracement on the fall from $2,438 to $2,130 has failed, and chances are good for the second attempt to succeed. The 50 percent retracement at $2,284...
Harbor Intelligence Cuts Aluminum 2011, 2012 Forecasts
Harbor Intelligence Tuesday downgraded its outlook for aluminum prices in 2011 and 2012, saying that prices have fallen out of a medium-term upward trend partly as a result of a "significant spike" in fear over a contraction in global manufacturing and the euro-zone debt crisis. The aluminum...
LME aluminum to consolidate in USD 2203 range
LME aluminum is expected to consolidate in a range of USD 2,130 per tonne to USD 2,203 per tonne for one trading session as it is riding on a wave (4). A Fibonacci retracement on the wave (3) fall from USD 2,438 to USD 2,130 reveals a target for a weak wave (4) at USD 2,203, the 23.6% level while a...
Inflation may come down as commodity prices dive
Commodity prices are on a downhill drive - a glimmer of hope for Indian manufacturers and exporters amid rising inflation, interest rates. Almost all base metals including aluminium, are trading at their calendar year lows, triggered by projections of a tepid economic growth in the West. However,...
LME aluminium to gain more to $2,280/T
A rebound from the Sept. 26 low of $2,155 has not completed, and LME aluminium will gain more to $2,280 per tonne. The metal failed to fall below $2,155 during the previous trading session, instead rebounding sharply after touching $2,184, signaling an "a-b-c" corrective cycle has extended, with...
SMM Morning Review - 2011/9/30 Aluminum Market
German parliament approved the EFSF expansion overnight, boosting investors' optimism over the second bailout fund for Greece. US new unemployment claims dropped below 400,000 unexpectedly to a 5-month low. The country’s 2Q GDP growth was also revised upward. As a result, investor worries towards a...
LME aluminium poised to drop to $2,192/T
A rebound of LME aluminium from $2,155 per tonne is ending, to be followed by a drop towards $2,192. The wave "4" rebound has not violated a downtrend that started at the Sept 16 high of $2,403.75, as the metal is riding on a downward wave (3), which will complete a five-wave cycle, with the wave...
SMM Morning Review - 2011/9/29 Aluminum Market
Investors’ worries towards the European debt crisis soared again overnight due to divisions among European leaders on efforts to prevent Greece from bankruptcy . Later, the US Department of Commerce said August durable goods orders fell unexpectedly by 0.1% from July, which followed slips in...
Outlook on Aluminum: Kotak Commodity
MCX Aluminum may note some decline tracking copper prices. However, falling stocks at SHFE warehouses may cap the downside. Stocks at SHFE fell 9.6% or 10537 tonnes last week while those at LME fell by 5575 tonnes yesterday. Support for Aluminum September contract is seen at Rs.107 while resistance...
LME aluminium to end rebound about $2,248/T
LME aluminium is firm on a downtrend, and the current rebound is expected to end around $2,248 per tonne. The downtrend started at the Sept 16 high of $2,403.75 in a five-wave mode, and the wave (3) is yet to be completed, as so far only four of its five waves have unfolded.
SMM Morning Review - 2011/9/28 Aluminum Market
The active efforts by European leaders to seek solutions for a highly possible default by Greece helped calm investors overnight. Though later announced September Consumer Confidence Index in the US missed market expectation and indicated difficulties for consumer market to improve, the US dollar...
LME ponders bids from suitors
The London Metal Exchange, the world's top market for industrial metals such as copper and aluminum, is considering selling itself after receiving bid approaches. The LME, which is owned by the trading houses and banks that use the market, said it was being advised by investment bank Moelis &...
SMM Morning Review - 2011/9/26 Aluminum Market
Panic asset selling continued on September 23rd, with LME aluminum hitting USD 2,187/mt, a new yearly low, at the tail of Asian trading hours. The metal fluctuated upward during European trading hours due to profit-taking in the US dollar, and finally closed at USD 2,204.8/mt, down USD 19.3/mt or...
SMM Morning Review - 2011/9/23 Aluminum Market
Investors sold off their assets in panic overnight due to weak manufacturing data and debt aid discrepancies in Europe and disappointing jobs data and pessimistic Fed economic remarks in the US, with the US dollar index climbing to an intraday high of 78.798 and LME aluminum plunging with...
