The tightening of the Federal Reserve’s monetary policy has cooled market risk appetite, leading to a 0.71% drop in London aluminum prices two weeks ago. Weakness in China’s August trade data has also weighed on market sentiment. While aluminum production continues to rise in Shanghai, warehouse inventories remain limited, potentially leading to a slight increase […]
Today, the London aluminum market showed significant volatility, with the LME three-month aluminum futures trading at $2,192 per tonne at 15:01 Beijing time, down $1 from the previous trading day’s settlement, a decrease of 0.02%. The Shanghai aluminum main contract for September 7th opened at 19,180 yuan per tonne, reaching a high of 19,245 yuan
On September 7th, Aluminum Prices Rise with Strong Quotations from Suppliers Read More »
Strong Crude Oil Prices Boost Non-Ferrous Metals; Overnight, London Zinc Gained 0.47%; Domestic Smelters Maintain High Production with Good Profit Margins, Leading to a Shift from Falling to Rising Inventories, but Zinc Prices Lack Sustained Upside Momentum, and It’s Expected that Zinc Prices Today May Experience Limited Ups and Downs. The Overnight Trend for London
U.S. ISM Hits Record High, Boosts U.S. Dollar Rebound; Overnight, London Copper Falls Over 1.3%; Continued Increase in London Copper Inventories Deepens Pressure on Copper Prices, While the Opening of Domestic Import Windows Expands Spot Supply, Leading to Possible Copper Decline Today. Oil Price Continues to Rise, Supporting the Non-Ferrous Market; Overnight, London Aluminum Edges
Early Assessment of Aluminum, Zinc, Lead, Tin, and Nickel. Read More »
A weaker US dollar and softer US bonds are supporting risk asset prices. Overnight, LME copper rose more than 1.1%, with positive measures taken by China to support the real estate sector and boost market confidence. Low inventory levels provide support from below, and copper is expected to rise today. A collective strength in the
August 30th, CCMN Copper, Aluminum, Zinc, Lead, Tin, and Nickel Morning Review Read More »
According to foreign reports on August 29th, Gwangyang Port in South Korea has become a new hub for storing London Metal Exchange (LME) aluminum. Warehouses registered with the London Metal Exchange in the city currently hold 256,650 metric tons of aluminum, accounting for 49% of all non-ferrous metals in the exchange’s global warehouse network. At
South Korea’s Gwangyang Port Emerges as a New Battlefield for LME Aluminum Read More »
The collective strength in the stock market and crude oil prices is supporting a return to a preference for risk, with London aluminum rising by 0.74% overnight. Shanghai aluminum stocks continue to remain low, leading to a shortage in spot supply. Coupled with strong expectations for the peak season, this is expected to provide support
Concerns about the Federal Reserve’s intention to further raise interest rates weigh on metal performance, with Shanghai copper edging down by 0.01% overnight. Persistent macroeconomic uncertainties, but copper prices remain robust due to low inventories and strong seasonal support. Today, copper prices are expected to have limited fluctuations. All three major U.S. stock indices saw
Futures Market: LME Closed with Low Activity; SHFE Nickel Down 1.05% Overnight. In the domestic futures market, SHFE Nickel experienced volatile trading during the night session, with a slight setback. The main contract SHFE Nickel 2310 closed at 167,190 yuan per ton, down 1,780 yuan, or 1.05%. On August 25, LME reported nickel stockpiles of
September copper futures prices rose by 1.25 cents, closing at $3.7175 per pound, representing a 0.33% increase. December gold futures, the most actively traded, closed up $6.5 at $1,923 per ounce, a 0.34% increase. September silver futures prices rose by 60.7 cents, closing at $23.34 per ounce, a 2.67% increase. October platinum futures prices fell
