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...
Grow with
AL Circle
LME aluminium drops 1.5 pct on Fed warning, PMI
Three-month aluminium on the London Metal Exchange fell 1.5 percent to $2,284 a tonne, the lowest level since December 8, on the Federal Reserve's warning of "significant" dangers to the U.S. economy and gloomy data out of China. The Fed's comment came as it unveiled a $400 billion long-term debt...
SMM Morning Review - 2011/9/22 Aluminum Market
After US Fed launched its USD 400 billion operation twist to buy in long-term debt and sold out short-term debt, which hugely damped investor confidence, the Dow Jones Industrial Average index plunged 2.5%. US crude oil prices also plummeted, with the crude contract for delivery in November falling...
LME aluminium bearish target of USD 2295 per tonne unchanged
A bearish target at USD 2,295 per tonne is unchanged for LME aluminium as a downward wave C is unfolding. This wave is expected to travel the same length as the wave A, to eventually arrive at USD 2,261, a 100% Fibonacci projection level, while a realistic target for Wednesday is USD 2,295, the...
SMM Morning Review - 2011/9/21 Aluminum Market
Base metals remained weak on Tuesday. Latest global economic outlook report by IMF lowered US economic growth forecast. US President Obama’s USD 447 billion job plan and USD 3 trillion deficit cut plan will not provide significant confidence for the market in the short term. Market focus will be...
SMM Morning Review - 2011/9/20 Aluminum Market
A lack of breakthrough from European finance ministers on Greek aid, a downgrade of Italy debt rating to a negative outlook and a weaker than expected September house market index in the US all added to the bearish sentiment among investors overnight, with stock and base metals prices plunging and...
Aluminium marginally down on global cues
Aluminium futures fell marginally by 0.27% to Rs 111.05 per kg as speculators reduced their positions amid a weak trend at the London Metal Exchange. Subdued demand in the domestic spot market also put pressure on aluminium prices.At the Multi Commodity Exchange, aluminium for delivery in September...
Outlook on Aluminium: Kotak Commodity
MCX Aluminum may trade with negative bias tracking weakness in copper prices. However recent fall in stocks at LME warehouses may cap the downside. Stocks at LME fell by 22950 tonnes last week while those at SHFE fell by 1334 tonnes. Support for Aluminum September contract is seen at Rs.109.5 while...
SMM Morning Review - 2011/9/19 Aluminum Market
Despite a better-than-expected September Consumer Confidence Index released by the University of Michigan on September 16th, huge discrepancies on economic woes in the euro zone as exposed among European finance ministers during the meeting on the same day still boosted investors’ risk aversion...
LME aluminium to drop to $2,326/T
A bearish target has been established at $2,326 per tonne for LME aluminium as indicated by its wave pattern and a Fibonacci projection analysis. The metal is riding on a fierce downward wave "C", unfolding towards $2,326, the 50 percent Fibonacci projection level, based on the length of the...
SMM Morning Review - 2011/9/16 Aluminum Market
The US Department of Labor said on September 15th that August Consumer Price Index rose 0.4 percent from previous month with a growth doubling estimates, indicating speeding up inflation. New unemployment claims during the week ended on September 10th surged unexpectedly to 428,000. Later announced...
Secondary market - Eurometric review
There are sufficient quantities of low grade scrap aluminium available in Belgium, whereas high grade scrap materials are more difficult to obtain. Secondary aluminium smelters are fully booked until the end of this year. Secondary ingot prices are more or less stable, because of long delivery...
LME aluminium neutral in $2,345-$2,397 range
LME aluminium is neutral in a range of $2,345-$2,397 per tonne and an escape is needed to evaluate its next direction. A rise above $2,397 will confirm a bottom that formed around $2,330, pointing to an immediate target at $2,438, a presumed wave "B" peak. While a fall below $2,345 will be very...
LME aluminium to fall to Monday low of $2,333/T
LME aluminium will fall to the Monday low of $2,333 per tonne, as a downward wave "A" is advancing. This wave is part of a double zig-zag pattern which has been developing from the Sept 1 high of $2,476, and will be completed after the development of six waves labeled "A-B-C-X-A-B-C". A rebound...
SMM Morning Review - 2011/9/15 Aluminum Market
After credit rating agency Moody’s downgraded two large French banks on September 14th, market worries towards the European debt crisis further grew. This was followed by EU Committee President Barroso’s remarks to speed up introduction of euro zone bonds in a bid to comfort investors. Meanwhile,...
SMM Morning Review - 2011/9/14 Aluminum Market
Investor worries caused by debt crisis in Greece and Italy overnight were relieved by surging share prices of France’s biggest banks BNP Paribas and Societe Generale, with the euro rebounding to help European and US stock prices close higher. The US dollar index fell 0.27% to 77.059 as a result....
SMM Morning Review - 2011/9/13 Aluminum Market
Worsening debt crisis and bailout discrepancy in Europe, combined with market doubts over approval of US President Obama’s job act in the Congress again caused risk aversion sentiment to burn in the market, with the euro plunging and the US dollar index stabilizing at 77. European and U.S. stock...
CLOSE TO CLOSE: Base metals recover in LME kerb
Base metals prices recovered strongly in kerb trading on the London Metal Exchange on Monday, as volatile stock markets reversed losses and the euro regained ground against the dollar. “This morning the euro was weak as stock markets fell, but once that was forgotten it bounced back up and all was...
SMM Morning Review - 2011/9/9 Aluminum Market
With British and European central banks’ decisions to keep interest rates unchanged and European Central Bank President Trichet’s warning against high inflation pressure, increasing economic risk and a huge dial-back in economic growth in the euro zone on September 8th, the euro plunged to USD...
