fassi srl | Aluminium Bahrain’s Q12017 net income jumps 506 per cent YoY

Aluminium Bahrain’s Q12017 net income jumps 506 per cent YoY

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A global aluminium smelter Alba reported its financial results as per the International Financial Reporting Standards (IFRS) accounting rules. The company said its top-line and bottom-line performance for the first quarter of 2017 was driven primarily by higher LME prices and favourable management performance. Alba reported a net income of BD 25.6 million (US$ 68 […]

fassi srl | LME aluminium to edge higher while range-bound trading expected in SHFE aluminium

LME aluminium to edge higher while range-bound trading expected in SHFE aluminium

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LME aluminium prices climbed higher drawing support from a vulnerable US dollar index that has been on a decline since the beginning of this week. The light metal contract rose by 0.74 per cent from Tuesday’s close of US$1,943 per tonne to end at US$1,957.50 per tonne on Wednesday, April 26. Shanghai Metals Market (SMM) […]

fassi srl | India aluminium scrap prices hold ground while aluminium futures decline on MCX

India aluminium scrap prices hold ground while aluminium futures decline on MCX

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Major aluminium scrap commodity prices in India market remained steady on Thursday, April 13, while aluminium futures prices on Multi Commodity Exchange (MCX) witnessed a slide. The overall price ended below at INR 123.10 per kilogram. India’s aluminium scrap commodities, the major ones that is, like aluminium accessories scrap, aluminium cable scrap, aluminium ingots, aluminium […]

fassi srl | LME aluminium to open higher at US$1920t, Shanghai aluminium ends lower

LME aluminium to open higher at US$1920/t, Shanghai aluminium ends lower

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The London Metal Exchange market remained closed till Monday, April 17, for the Easter Holidays. Shanghai Metals Market (SMM) expects that LME aluminium will open higher at US$1,920-1,965 per tonne on Tuesday, April 18 (at 15:00). The market will watch out for the price support at lows, analysts observe. The benchmark price of aluminium on […]

fassi srl | Falling inventories lift LME aluminium; China base metals to keep diverging, says SMM

Falling inventories lift LME aluminium; China base metals to keep diverging, says SMM

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The rising momentum in LME aluminium is continuing. The light metal which crossed the US$1,900 per tonne mark on Friday last week again rose on Tuesday’s night trading to close at US$1,918 per tonne, up 0.52 per cent from its previous day’s close of US$1,908 per tonne. Reuters observes LME aluminium is neutral in a […]