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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Aluminum Metal Supplies Related to Bank Financing - LME
The increase in orders to take aluminum out of Detroit warehouses is related to banks using the metal for financing, said Martin Abbott, chief executive officer of the London Metal Exchange. The increase in so-called canceled orders at Detroit warehouses monitored by the LME is unrelated to “real”...
LME: Suspends Deliveries Of IS Aluminum Alloy Brand
The London Metal Exchange on Wednesday said it has suspended deliveries of the IS brand of aluminum alloy until further notice. The brand is produced by Ukraine-based Intersplav and the suspension takes place with immediate effect.
SMM Morning Review - 2011/9/8 Aluminum Market
The USD 300 billion job package scheduled to be announced by Obama today, combined with successful approval of austerity plan in Italy meaning lower default risk, boosted investor risk appetite overnight, with US stock markets surging by over 2% and the US dollar index closing 0.47% lower at...
LME aluminium to zigzag up
LME aluminium is expected to zigzag up within a rising channel until it breaks above the upper channel, and surge towards $2,460 per tonne. A high-low bottom has formed around $2,370, and the neckline of the pattern is at $2,410. Strategically, a rise above $2,420 will open the way to $2,460, as...
LME Aluminum Trading Surges to Record Level in August
Trading of aluminum futures and options on the London Metal Exchange surged to a record in August, Miriam Heywood, a spokeswoman for the bourse, said today.
SMM Morning Review - 2011/9/7 Aluminum Market
US ISM non-manufacturing index for August came out higher than both market expectation and in previous month, thereby slightly alleviating market worries towards weak European and US economies in the recent period while helping stock market trimming losses at the tail of trading. The US dollar...
Outlook on Aluminum: Kotak Commodities
MCX Aluminum may note some decline tracking copper prices. Also recent jump in stocks at LME warehouses may weigh on the prices. Stocks at LME fell by 20875 tonnes last week but are in the upper range for the year while those at SHFE fell by 7009 tonnes. Support for Aluminum September contract is...
LME aluminium to fall to $2,388/T
LME aluminium will fall to $2,388 per tonne as a medium-term downtrend that started at the July 27 high of $2,675.25 has resumed. The downtrend has only been partially reversed by a rebound that started at the Aug 19 low of $2,323, and ended around $2,458, the 38.2 percent Fibonacci retracement on...
SMM Morning Review - 2011/9/6 Aluminum Market
Continued market panic fueled by pessimism towards future global economy pressed global stock and commodity prices lower overnight, while sending the US dollar index to 75 and gold price back again to USD 1,900/oz. During European trading hours, LME aluminum prices fell below the 20-day moving...
Outlook on Aluminium: Angel Broking
The base metals pack closed the last week on a mixed note with only copper and aluminum closing in the positive territory.Stronger dollar in the last week coupled with poor economic data from the US in the last week had capped gains in base metals. Aluminium was the best performer in the last week,...
SMM Morning Review - 2011/9/5 Aluminum Market
The non-farm payrolls data released by the US Department of Labor on September 2nd was much out of market expectation, with zero-increase being reported. As US unemployment rate stayed high at 9.1%, market worries towards US economic recession again caused panic in financial markets, with US stocks...
LME: Delists Alcoa Wenatchee Aluminum Alloy
The London Metal Exchange Friday said it has delisted U.S.-based Alcoa Inc.'s (AA) Wenatchee aluminum alloy. It said it has no stocks of metal under the brand on LME warrant, and as such it will be delisted with immediate effect.
Outlook on Aluminum: Kotak Commodity
MCX Aluminum may note some decline tracking copper prices. Also recent jump in stocks at LME warehouses may weigh on the prices. Stocks at LME rose by 75 tonnes yesterday and are in the upper range for the year while those at SHFE fell by 15,885 tonnes. Support for Aluminum September contract is...
SMM Morning Review - 2011/9/2 Aluminum Market
Manufacturing data released on September 1st were disappointing in Europe, indicating difficulties to improve debt woes in the area, and even though China and US manufacturing data met market expectations, stagnating economic recoveries in the two countries still scared investors away to seek...
Kotak Commodity outlook on aluminum
MCX Aluminium may note some decline tracking copper prices, however the downside remains capped. Further, recent jump in stocks at LME warehouses may also weigh on the prices. Stocks at LME rose by 7300 tonnes after rising by 105625 tonnes last week while cancelled warrants eased to 6.98%. Support...
SMM Morning Review – 2011/8/30 Aluminium Market
In the evening of August 29th, though the US released mixed economic data, a much higher-than-expected personal spending growth (0.8% compared with 0.5% expected) which indicated economic improvement in the US boosted market confidence and limited impact by hurricane “Irene” relieved investor...
SMM Morning Review – 2011/8/29 Aluminum Market
Though US Fed president did not mention QE3 during the annual central bank meeting on August 26th, and implied that economic stimulation was not necessary at the time. However, he did say to add two days for the Fed interest rate meeting in September to discuss the need of quantitative easing...
SMM Morning Review - 2011/8/26 Aluminum Market
Though the US Department of Labor released on August 25th Thursday a much 5,000 higher than expected unemployment claims data, all LME base metals closed higher during the day as the market expected positive news from Fed president to stimulate development of the US economy. Meanwhile, weak...
