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 – 2011/7/22 Aluminum Market
Hong Kong and Shanghai Banking Corporation Limited (HSBC) announced on July 21st that China’s PMI in July fell below 50% and hit a 28-month low. This indicates China’s manufacturing activities are cooling in 3Q and consumption will weaken, which dampened investor confidence. Later during the day,...
LME raises minimum load out from metal warehouses
Reuters reported that the London Metal Exchange raised the minimum daily volume of metal that the larger warehouses it monitors must deliver in a bid to unblock long delays and said warehouses that do not comply could drop off its approval list. The LME approves a string of warehouses around the...
SMM Morning Review – 2011/7/21 Aluminum Market
Changing debt crises in Europe and the US have kept investors cautious, and they are optimistic that an agreement for Greek bailout will be reached during the European Union Summit. As a result, the Euro climbed on July 20. Later during the day, US National Association of Realtors (NAR) announced...
SMM Morning Review – 2011/7/20 Aluminum Market
As default risk rose in Greece, market sentiment turned sluggish. In order to prevent escalation and contagion of the debt crisis, German central bank and European Central Bank decided to convene an emergency meeting this Thursday and a bailout plan is expected for Greece. As a result, the Euro...
SMM Morning Review – 2011/7/19 Aluminum Market
Though Euro zone leaders tried to avoid a selective default or default by Greece, the second round of bailout plan for Greece still has not been reached. Therefore the European debt crisis continued with default risk rising. In addition, US default risks increased since no resolution in raising the...
LME Establishes Aluminum Load Out Rule – New Buying Strategies Needed?
Late last week the London Metal Exchange announced a rule change impacting any warehouse holding over 900,000 tons of inventory. The new rule would require those warehouses, beginning in April of next year, to load out a minimum of 3000 tons per day rather than the current 1500 tons per day. The...
SMM Morning Review – 2011/7/18 Aluminum Market
On July 15, the US Department of Labor announced that June CPI was down 0.2% MoM, worse than the expected 0.1%. Later US FED announced June industrial production growth was 0.2%, lower than the expected 0.3%. As weak US economic data and spreading European debt crisis dampened investor risk...
Positive momentum seen in Base metals
At MCX, Copper for delivery in August tumbled by 0.29% or INR 1.25 at INR 433 per kilogram where as aluminum ended flat at INR 111.2 per kilogram. While Lead weakened by 0.99% or INR 1.2 at INR 120.55 per kilogram, Zinc rose by 0.72% or INR 0.75 at INR 105.25 per kilogram and Nickel increased by...
LME rule disappoints aluminium consumers
Some of the world’s largest buyers of aluminium reacted with disappointment on Friday to a long-awaited decision by the London Metal Exchange to change its warehousing rules. General Motors, one of the world’s largest automakers, and Novelis, a leading aluminium processor, told the Financial Times...
ALUMINIUM-Major market developments in June
STOCKS Total exchange stocks were at 4.743 million tonnes at the end of June, equating to around 39 days of demand. Of the end June total, some 4.488 million tonnes were held in LME warehouses, down from 4.691 million a month earlier. LME inventories reached a record high of 4.712 million tonnes...
SMM Morning Review – 2011/7/15 Aluminum Market
On July 14, while the US announced better-than-expected data that June retail sales increased by 0.1% MoM, core PPI rose by 0.3% MoM and unemployment claims fell to 405,000 during the week from July 4 to July 9, investor risk appetite still fell due to ongoing European and US debt issues. Later...
Aluminum Warehouse Withdrawal Orders Advance on Jump in Toledo
Orders to draw aluminum from warehouses monitored by the London Metal Exchange advanced for the first time in nine days on a jump in Toledo, Ohio. The orders, known as canceled warrants, rose 2,550 metric tons to 384,550 tons, exchange data showed today. The bookings at Toledo jumped 10,125 tons....
SMM Morning Review – 2011/7/14 Aluminum Market
US FED president Bernanke implied overnight that more easing monetary policies will be provided due to weak US economy. Meanwhile, default risk increased in the US with no agreement reached for lifting the US debt ceiling while the deadline is approaching. Concerning this, Moody’s put US AAA...
LME Aluminum Stockpiles Fall Further as Metal Climbs in Japan
Aluminum stockpiles monitored by the London Metal Exchange declined for a 35th day. Inventories of the lightweight metal fell 6,275 metric tons to 4.42 million tons, LME data showed today. They are at the lowest level since Jan. 12, falling 4.2 percent in June, the biggest monthly decline since...
SMM Morning Review – 2011/7/13 Aluminum Market
On July 12, US credit rating agency Moody’s downgraded Ireland’s credit rating from BAA3 to BA1 and maintained a negative outlook for the country’s rating, which indicated the European debt crisis had spread into Ireland. On the other side, debt default risk increased in the US since the country...
Seven-Month Wait for Aluminum From Detroit Drives LME to Review Warehouses
When the London Metal Exchange was founded in the days of steamships, contracts were priced three months out to reflect the time it took to get tin from Southeast Asia or copper from Chile. These days, it can take twice as long to get aluminum out of an LME-approved warehouse in Detroit. The...
Seven-Month Wait for Aluminum From Detroit Drives LME to Review Warehouses
When the London Metal Exchange was founded in the days of steamships, contracts were priced three months out to reflect the time it took to get tin from Southeast Asia or copper from Chile. These days, it can take twice as long to get aluminum out of an LME-approved warehouse in Detroit. The...
SMM Morning Review – 2011/7/12 Aluminum Market
On July 11, as the debt crisis in the Euro zone further spread, and discrepancies still existed for the Greek bailout plan, default risks in the area rose again. Meanwhile, following Portugal, Italy also fell into the debt whirlpool. As a result, the Euro plummeted overnight below 1.40 due to heavy...
