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 | 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 […]

fassi srl | China’s Guizhou aluminium producers fear losses due to power price hike

China’s Guizhou aluminium producers fear losses due to power price hike

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Power prices for the aluminium producers in China’s Guizhou province will be raised by 0.07-0.08 yuan per kilo watt hour (kwh) from April this year, reported industry sources. The decision is seen by the industry watchers as a logical one since coal has become costlier over the past six months. Power prices, after the hike, […]