LME aluminium prices moved higher on September 3 compared with the previous trading day, while exchange stocks edged lower and cancelled warrants recorded a sharper decline. On September 3, the LME aluminium cash bid price stood at USD 3,302 per tonne, up 1.46 per cent from USD 3,254.5 per tonne on...
The London Metal Exchange (LME) aluminium price faltered across the pricing and contract segments on the September 2 close. The trend reflected a contrast of the surge reported in the September 1 session . The LME aluminium cash bid pulled back by 0.18 per cent day-on-day on September 2, down to...
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The May 21 session on the London Metal Exchange (LME) aluminium prices witnessed a drastic recovery in the aluminium market trend from the declining graph in the May 20 session . Figures improved across cash, benchmark and contracts, while the declining stocks and warrants indicated a worldwide...
Futures : SHFE aluminium closed at RMB 24,440 per tonne yesterday, down 0.39 per cent, settling at the MA5 (24,440) level but below the MA10 (24,547), MA20 (24,674), MA30 (24,780), and MA60 (24,675), with the moving average system in a bearish alignment. The MACD indicator showed DIF = -88.7, DEA =...
The London Metal Exchange aluminium market recorded lower prices across key contracts on May 20 compared with May 19, while warehouse stock levels also declined. LME aluminium cash bid price stood at USD 3,643 per tonne on May 20, down by 0.57 per cent from USD 3,664 per tonne recorded on May 19....
The global aluminium market is undergoing a sharp reset as the ongoing Middle East conflict and the resulting energy disruptions tighten supply, lift production costs and push prices to multi-year highs. The Iranian missile attacks on the Emirates Global Aluminium (EGA) and Aluminium Bahrain (Alba)...
As the ongoing Middle East conflict disrupts aluminium and nickel supply chains, a question mark looms over Asia’s renewable energy ambitions, threatening to raise costs for solar panels, wind turbines and grid infrastructure across the region. Countries including Indonesia, Vietnam and the...
The May 19 session closed with L ondon Metal Exchange (LME) aluminium prices reporting surges on wide margins. Overcoming the modest gains in the previous close, the cash and contracts gained considerable momentum. The sharp rise was largely driven by tightening global supply signals, falling...
The London Metal Exchange (LME) aluminium price, after declining at the previous close, again rose on May 18; however, the rise was not significant. Moreover, the 3-month Asian Reference Price also rose, but the longer-dated contracts continued the declining trend. A slight decline in the LME...
Futures: SHFE aluminium closed at RMB 24,305 per tonne, down 0.94 per cent. The price fell below all key moving averages (MA5=24,556, MA10=24,529, MA30=24,361, MA60=24,584.5), forming a bearish alignment with clear short-term weakness. The MACD indicator showed DIF=-68.9, DEA=-20.17, with negative...
On May 15, the week closed with an easing trend in the London Metal Exchange (LME) aluminium price after it rose above its 4-year high. A significant drop has been seen across all the contracts, along with the LME inventory, but cancelled warrants continued to rise. Both the LME cash bid and cash...
Futures: The most-traded SHFE aluminium 2606 contract closed at RMB 24,700 per tonne, down 0.70 per cent. The price was near MA5 (24,668.00), MA10 (24,594.00), and MA30 (24,805.33), and above MA60 (24,581.00). Short-term moving average support was moderate, and the price was currently moving...
The London Metal Exchange (LME) aluminium price on May 14 rose further to its four-year high, surpassing the previous day’s closing for both the spot and longer-dated contracts. Additionally, LME inventory declined, while cancelled warrants increased from the last day. The LME cash bid and cash...
Gujarat-based Baheti Recycling Industries Limited is steadily advancing towards solidifying its position in India’s secondary aluminium market by diversifying into higher-value aluminium wire rods and reaching out to the automotive supply chain. As new capacities are being developed alongside...
Futures: The most-traded SHFE aluminium 2606 contract closed at RMB 24,885 per tonne, up 1.32 per cent. The price was above MA5 (24,559.00), MA10 (24,603.50), MA30 (24,786.00), and MA60 (24,542.33), with short-term moving averages forming support and the price currently testing upward for a...
On May 13, the London Metal Exchange (LME) aluminium price, after following a downward price movement for some time, significantly rose across all its contracts, crossing a four-year high as well. Moreover, the LME inventory also saw a shift, where opening stock and live warrants declined, but the...
India's aluminium scrap imports declined by 16 per cent Y-o-Y to 0.35 tonnes in Q1CY'26, down from 0.42 tonnes in the corresponding period last year. The country remains heavily dependent on imports, with nearly 85 per cent of its aluminium scrap requirement sourced from overseas. As a result, the...
London Metal Exchange has reappointed John Williamson as Chairman of the Board following the completion of his initial term. Williamson said the exchange had gone through a period of significant change and transformation over the past three years. In his words, “Over the past three years, the...
In comparison to the previous day’s close, the London Metal Exchange (LME) aluminium price on May 12 dipped slightly. A similar movement was seen at the LME inventory level, but the live warrants and alumina platts price showed no change from the last day’s closing. The LME cash bid declined by USD...
Futures: The most-traded SHFE aluminium 2606 contract closed at RMB 24,690 per tonne, up 0.57 per cent. The price was above MA5 (24,554.00), MA10 (24,614.50), and MA60 (24,532.25), but below MA30 (24,753.83), with short-term moving averages providing support while the price was under pressure at...
