Aluminium Prices Slid During Profit Booking as Supply Concerns Caused Prices to Rise

Aluminium prices saw a minor decrease of -0.59%, ending at 235.4, due to investors booking profits after previous advances spurred by supply fears due to sanctions on Russian metals. The actions taken by Washington and London to limit exchanges’ acceptance of aluminium produced in Russia had an additional effect on market dynamics. According to LME…

Read More

Falling LME aluminium stocks saw a cash-to-three-month discount, which helped aluminium gains

With a tighter cash-to-three-month discount of $1.23 per ton, a notable change from last Friday’s discount of $45.94 aluminum prices spiked by 1.04% yesterday, closing at 237.3. The decrease in LME aluminium stockpiles, which fell to 513,850 tons the lowest level since December 2023 due to recent withdrawals from Taiwan, Malaysia, and South Korea, was…

Read More

The price of aluminium increased as money flooded into commodities, notably metals

The price of aluminium increased by 1.05% to settle at 226.45 as money flooded into commodities, especially metals, a hedge against mounting inflationary pressures. The rise in demand for aluminium aligned with China’s robust production numbers, suggesting a stable growth path for the metal. March saw a year-over-year increase in aluminium output of 4.19% to…

Read More

Aluminium Went Down During Profit Booking

In yesterday’s trading session, aluminium prices saw a slight decrease of -0.2%, ultimately finishing at 223.3. This dip was ascribed to profit bookings after recent increases, which were especially reinforced by higher premiums in Japan. Stronger-than-expected economic statistics out of China also helped the market, allaying worries about declining demand from the largest consumer in…

Read More

Aluminium gains on concerns over the slow recovery in production in China’s Yunnan

Aluminium prices rose 0.36% Tuesday, finishing at 207.7, on concerns about the slow rebound in production in China’s Yunnan province. However, the upside was limited due to softer domestic monetary policy expectations and a stronger dollar. Investors remained cautious, anticipating signs of a resurgence in demand from China, the world’s largest metals buyer. Worries about…

Read More

As the market considered the seasonal increase in demand, aluminium gained.

The previous session saw an increase in aluminium prices of 0.17%, finishing at 204.3, as the market anticipated seasonally increased demand. Gains were, nevertheless, restrained by abundant supplies from China, the world’s largest aluminium manufacturer. Notwithstanding worries about China’s rising inventory levels, analysts speculate that the rise may be a seasonal occurrence ahead of the…

Read More