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...
The most-traded SHFE aluminium 2610 contract closed at RMB 24,100 per tonne today, up RMB 30 on the day, a gain of 0.12 per cent. Trading volume was 163,674 lots, open interest stood at 242,331 lots, with a daily decrease of 6,267 lots, as both bulls and bears reduced positions to lock in profits...
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Japan plays a vital role as a major aluminium importer in Asia; with the premiums it negotiates each quarter over the LME cash prices acting as a regional standard. However, it's rare for these negotiations to drag on for several weeks after the start of the quarter. The quarterly pricing talks...
Mysteel assessed the national average spot price for metallurgical-grade alumina with a purity above 98.6 per cent at RMB 2,961per tonne (USD 415.8 per tonne) on Thursday, down by RMB 14 per tonne from the prior day. This marked the 27th straight working day decline, Mysteel Global noted. By...
Aluminium markets were cautious this week, with renewed trade concerns between the US and China weighing on sentiment. Financial research firm Kedia Advisory reported aluminium settling down by 0.21 per cent at INR 263.6 (USD 3), reflecting investor unease over global demand trends. Output caps and...
The upward trajectory of the London Metal Exchange (LME) aluminium price was consistent on Thursday, October 16, when both the cash bid and offer rose by USD 22.5 per tonne or 0.88 per cent to finally settle at USD 2,774.5 per tonne and USD 2,775 per tonne, respectively. Concurrently, the LME...
On Tuesday, Mysteel's assessments for the prices of 5,500 kcal per kg, 5,000 kcal per kg and 4,500 kcal per kg NAR coal strengthened to RMB 720 per tonne (USD100.9per tonne), RMB 630per tonne and RMB 550per tonne, respectively, FOB northern ports basis with VAT, all higher by RMB 5per tonne from...
The London Metal Exchange (LME) has just rolled out the next step in its mission to create sustainable metal premium pricing for brands that are LME-approved. As part of this exciting initiative, the Exchange is set to introduce a new entity under the HKEX Group in Dubai, which will serve as the...
Futures: According to the night session data on Oct. 15, technical analysis showed that the SHFE aluminium 2511 contract fluctuated rangebound during the Oct. 15 night session, closing slightly up 0.05per cent at RMB 20,885 per tonne. Moving averages indicated the price was below the 5-day MA...
London Metal Exchange (LME) aluminium prices strengthened on October 15, supported by steady demand and improved market sentiment. The LME aluminium cash bid price stood at USD 2,752 per tonne, up 0.70 per cent from USD 2,733 per tonne on October 14. The cash offer also increased by 0.68 per cent,...
Century Aluminum, a small-cap player in the non-ferrous metals sector, has seen some impressive stock gains recently, both over the past week and the past year. However, despite this positive trend, the company is still facing some strategic hurdles, such as a low Return on Capital Employed and...
Futures: According to the night session data on October 14, the SHFE aluminium 2511 contract closed at RMB 20,855 per tonne, down 0.36 per cent. It was under pressure in the short term below the 5-day moving average (MA5: 20,934), but remained above the 10-day, 30-day, and 60-day moving averages,...
As the week starts with the decline in the London Metal Exchange (LME) aluminium price, the trend continues on Tuesday, October 14, as well. The LME cash bid and the settlement offer fell by USD 40 per tonne or 1.44 per cent to reach USD 2,733 per tonne and USD 2,734 per tonne, respectively. The...
Futures: The most-traded cast aluminium alloy ad2512 contract opened at RMB 20,475 per tonne overnight, hit a high of RMB 20,505 per tonne, and finally closed at the lowest of RMB 20,405 per tonne, up RMB 80 per tonne or 0.39per cent from the previous close. Trading volume was 1,681 lots, and open...
After a sharp increase for a week, the London Metal Exchange (LME) aluminium prices have seen a steep decline. The LME cash bid fell by USD 26 per tonne or 0.93 per cent to reach USD 2,773 per tonne. The LME aluminium cash settlement offer price also fell by USD 25.5 per tonne or 0.91 per cent, to...
Futures: The SHFE aluminium 2511 contract fluctuated downward during the night session of October 10, closing at RMB 20,755 per tonne, down 1.59 per cent. The MA indicators show that MA5 (20,766), MA10 (20,764), and MA30 (20,764) are all above the closing price, with short-term moving averages in a...
Alumina supply surplus weighed heavily on its prices throughout September. By September 30, the national average price of metallurgical-grade alumina with more than 98.6 per cent purity fell by a marked 6.5 per cent from a month earlier to RMB 3,010 per tonne (USD 422 per tonne), continuing a...
On Friday, October 10, the London Metal Exchange (LME) aluminium price for both cash bid and offer rose by USD 13 per tonne or 0.5 per cent and each settled at USD 2,799 per tonne and USD 2,799.5 per tonne. The LME 3-month bid price rose by USD 6.5 per tonne or 0.23 per cent and finally stood at...
Price, policy, and projects – the three Ps - have defined the pulse of the global upstream aluminium industry this week. The sector has been abuzz with record-high prices on the London Metal Exchange, strategic investments in bauxite projects, and reports of a potential full-scale restart of a...
