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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The LME aluminium price movement on Friday, August 29 showed an upward movement from the previous day, reflecting a steady market performance. As per the data, the LME aluminium cash bid price stood at USD 2,620 per tonne, and the LME aluminium cash offer price stood at USD 2621 per tonne. On the...
Chinese alumina prices in both spot and futures markets faltered further on August 29, largely pressured by increased availability of spot material and firmer bargains from downstream buyers. Mysteel assessed smelter-grade alumina with purity exceeding 98.6 per cent in the Guangxi autonomous region...
Platts, part of S&P Global Commodity Insights, the leading independent provider of information, data, analysis, benchmark prices and workflow solutions for the commodities markets and CME Group, the world's leading derivatives marketplace, are collaborating to bring increased transparency to the US...
The global aluminium industry is still changing on all fronts, including the primary aluminium, bauxite, and alumina markets, driven by shifting trade policies, production hurdles, and creative approaches to production. From India's Chandrayaan-3 mission revealing aluminium on the Moon, China's...
Aluminium prices held steady this week, even as demand from clean energy projects and electric vehicles pushed higher. Normally, stronger demand and technological advances would draw out more supply but this time, the opposite is happening. China, which accounts for more than half of world output,...
China's domestic bauxite supply remained low and prices stood at high levels. In a bid to maintain stable operation, some inland refineries purchased bauxite sourced from Turkey and Montenegro with elevated prices due to the decline in stocks of domestic ore. Image for representational purposes...
Futures: The most-traded SHFE aluminium 2510 contract opened at 20,760 RMB per tonne during the night session, reaching a highest price of RMB 20,780 per tonne and a lowest price of RMB 20,695 per tonne, closing at RMB 20,705 per tonne. Trading volume was 4.8 lots, and open interest was 241,000...
On August 28, aluminium prices on the London Metal Exchange softened slightly compared to the previous day. The LME aluminium cash bid price stood at USD 2,614 per tonne against USD 2,616 per tonne on August 27, marking a decline of 0.08 per cent, while the cash offer fell 0.11 per cent to USD...
As of Wednesday, August 27, the London Metal Exchange (LME)'s cash bid price and the offer price showed a surge, along with the 3-month cash bid and offer price. But, a dip is noticed concerning the 3-month Asian reference price and the alumina platts price. The LME aluminium cash bid price settled...
[Aluminum Morning Meeting Summary: Macro Tailwinds and Inventory Buildup Clash, Aluminum Prices Move Sideways Awaiting Consumption Guidance] Recently on the macro front, global trade tensions have continued to ease, and domestic industrial profits have shown ongoing recovery, especially with...
On Tuesday, Mysteel's assessments on spot prices for metallurgical-grade alumina with purity above 98.6 per cent in Shandong, Henan, and Guizhou provinces declined by RMB 10 per tonne (USD 1.4 per tonne) from Monday, averaging RMB 3,190–3,310 per tonne. Meanwhile, the assessed prices for the same...
London Metal Exchange (LME) aluminium prices rose between August 22 and August 26, supported by firm demand, while stocks showed a marginal decline. Trading was closed on August 25 due to the UK Summer Bank Holiday. The LME aluminium cash bid price climbed from USD 2,588.5 per tonne on August 22 to...
India's imported aluminium scrap prices declined by USD 40-45 per tonne W-o-W, despite an uptrend in London Metal Exchange (LME) prices. The overall aluminium scrap trade remained sluggish during the week, with limited buying interest across regions. Market participants highlighted cautious buying...
According to unofficial market feedback obtained by SMM, it is reported that a recent public auction of around 1 tonne of 4N gallium by East Hope Sanmenxia Aluminum Co., Ltd. was successfully concluded. After the final auction and negotiation, the transaction price was around RMB 1,595 per kg....
Leading American manufacturer and supplier Kaiser Aluminium has downgraded itself from a “buy” rating to a “hold” rating, according to a research note released on Monday. The move comes despite JPMorgan Chase & Co. recently raising its price target for the stock from USD 64 to USD 82 and assigning...
Futures: On Friday night, the most-traded AD2511 contract for cast aluminium alloy opened at RMB 20,170 per tonne, with a low of RMB 20,170 per tonne and a high of RMB 20,320 per tonne, closing at RMB 20,285 per tonne, up RMB 110 per tonne or 0.55 per cent from the previous close. Trading volume...
Press Metal Aluminium Holdings Bhd continues to benefit from supply constraints, easing input costs, and its low-carbon edge. Maybank Investment Bank (Maybank IB) Research has reaffirmed its “buy” rating on the company, lifting its target price (TP) by 12 per cent to RM6.34 per share from RM5.64,...
London Metal Exchange (LME) aluminium prices posted slight gains on August 22 compared to the previous session. The LME aluminium cash bid price climbed to USD 2,588.5 per tonne from USD 2,570 per tonne from August 21, while the cash offer price increased to USD 2,589 per tonne from USD 2,570.5 per...
