Aluminium fluoride prices rise on cost support; premium for high-grade supply widens
This week, trading sentiment in China's aluminium fluoride enterprises was moderate, and aluminium fluoride prices continued to rise. As of now, SMM mainstream quotations for aluminium fluoride stand at RMB 11,500-12,300 per tonne; cryolite spot prices firmed, with SMM cryolite quotations at RMB...
Macro rate hike expectations bring periodic pressure, while destocking in China provides solid bottom support
Futures: The most-traded SHFE aluminium contract opened at RMB 24,310 per tonne in the night session on September 10, reached a high of RMB 24,310 per tonne and a low of RMB 24,075 per tonne, and closed at RMB 24,125 per tonne, down RMB 365 per tonne or 1.49 per cent from the previous close....
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LME aluminium softens as trading sentiment turns light prior to Chinese New Year holiday
<p>LME aluminium has eased out after rising to record highs on Tuesday, January 24. The contract closed at US$1,838 per tonne, down 0.59 per cent from the previous day's closing of US$1,849 per tonne. As per Shanghai Metals Market's earlier prediction, the contract is likely to hover in the range...
LME aluminium remains flat while SME aluminium gains strength from a weak dollar
<p>LME aluminium price remained unchanged yet firm at US$1,870 per tonne on Tuesday on speculations that aluminium producers in major China markets would cut output to cope with increasing air pollution. Shanghai Metals Market went on to explain that rising production cost, tax burden, entry of...
Uptrend in LME aluminium gains momentum; weak dollar to support Shanghai prices
<p>LME aluminium is continuing its rise. The contract having risen 1.68 per cent from the previous day's closing of US$1,839 per tonne, ended at US$1,870 per tonne after Monday's night trading. Shanghai Metals Market forecast says LME aluminium may meet some resistance and hover at US$1,830-1,840...
LME aluminium price rise continues but likely to become range-bound, says SMM
<p>LME aluminium is continuing its rise. The contract rose for the fifth straight day to close at US$1,812 per tonne after Monday's night trading, up 1.2 per cent from the previous day. Shanghai Metals Market predicts LME aluminium will test the 5-day moving average and move in US$1,775-1,800 per...
A fluctuating, weak dollar to support LME aluminium prices at highs on Monday
<p>LME aluminium has been increasing steadily over the last few days. On Friday, after night trading, the contract closed at US$1,790.5 per tonne, inching higher by 0.13 per cent from the previous closing of US$1,788 per tonne on Thursday. Shanghai Metals Market predicts LME aluminium will keep...
LME aluminium hit the highest on Thursday’s night trading; to reach new market high on Friday
<p>Base metal prices including aluminium are expected to be buoyed up by falling dollar on Friday, Shanghai Metals Market predicts. LME aluminium price is constantly trending higher to close at US$1,788 per tonne on January 12 and it is expected to hover within a range of US$ 1,780-1,805 per ton on...
LME and Shanghai aluminium prices to climb higher as dollar strengthens overnight
<p>Fluctuations in LME aluminium are in full swing. The contract kept rising through Tuesday's night trading and ended higher at US$1,757 per tonne, up 2.32 per cent from the previous day's closing at US$1,717 per tonne. Shanghai Metals Market says LME aluminium will likely meet resistance at...
LME, SHFE aluminium to fluctuate at lows; SMM aluminium production data shows 3.8% YoY rise
<p>LME aluminium is in a fluctuating mode. After having risen for four consecutive days, the contract has fallen marginally by 0.29% to close at US$1,717 per tonne after Monday's night trading. According to Shanghai Metals Market's analysis it will move at lows during Asian trading hours on...
LME aluminium moves higher, but will likely fluctuate with the dollar gaining strength this week
<p>LME Aluminium is likely to be affected by the oil futures that ended slightly higher on Friday, logging a consecutive fourth weekly gain on speculations that major producers would cut output as pledged. The contract ended at US$1,722 per tonne on Friday, marginally higher by 0.73 per cent than...
LME aluminium drops while Shanghai aluminium moves higher on increased trading volume
<p>LME aluminium dropped marginally on Wednesday to close at US$1,701 per tonne after the day's night trading. The drop, though only 0.05 per cent from the previous day's closing of US$1,702 per tonne, indicates at further short-term fluctuations within the range of US$1,675-1,695 per tonne on...
SMM details new tariff on downstream aluminium products in 2017
<p>Shanghai Metals Market has compiled the new tariff on aluminium products for 2017- both import and export- to present a clear picture of the revised duty adjustment. The products covered are refined aluminium- alloys, aluminium bars and rods- not alloyed, aluminium bars and rods of aluminium...
LME and SHFE aluminium to fluctuate weakly over the short term, says SMM
<p>LME aluminium opened weakly on the first trading day of 2017 to close at US$1,702 per tonne after Tuesday's night trading. The price drop though marginal by 0.67 per cent from the previous closing of US$1,713.5 is expected to persist over the short term. Market will see a slight economic...
LME aluminium to fluctuate at US$1,680-1,700 per tonne, SMM forecasts
<p>As the London Metal Exchange market resumes business today, on January 3, the first trading day of 2017, aluminium traded on the board is expected to fluctuate between US$1,680-1,700 per tonne after the closing at US$1,685 per tonne last Friday. <br /><br />Looking at the key macroeconomic...
SMM confirms Chinese New Year will not affect railway transportation of aluminium ingot
<p>As reported by Shanghai Metals Market (SMM), railway transportation of aluminium ingot from Northwest China will not be affected during the Chinese New Year Holiday in 2017.<br /><br /><img style="vertical-align: middle; display: block; margin-left: auto; margin-right: auto;"...
LME aluminium moves further down, light trading predicted for Shanghai metals
<p>The year-end liquidity crunch is getting reflected way too acutely on the LME aluminium prices, and this is evident from the falling prices of the metal on the bourse. LME aluminium closed at US$1,713 per tonne after Thursday's night trading, down 0.78 per cent from the previous day. Today...
LME and Shanghai aluminium prices to move lower due to tight year-end liquidity
<p>The London Metal Exchange market after remaining closed over the weekend till Tuesday, for Christmas, resumed trading yesterday on a low note. Aluminium traded on the bourse closed at US$1,726.5 per tonne after Wednesday's night trading, down 0.77 per cent from the previous closing of US$1,740...
LME market resumes trading at low, Shanghai aluminium shows signs of firming up
<p>LME market is resuming trading today and LME aluminium is expected to climb higher due to firm Shanghai Futures Exchange prices. But Shanghai Metals Market says any rise will be limited with resistance from the moving averages. LME aluminium prices are expected to hover in the range of...
LME market activity weakens, SHFE aluminium to consolidate narrowly
<p>Market activity has weakened over the Christmas weekend and will remain muted through the week. The UK and the US markets under London Metal Exchange will remain closed on Monday and Tuesday for the Christmas holidays. LME aluminium inched hiher by 0.14 per cent to close at US$1,740 per tonne on...
