SMM Aluminum Premium - Gong … Change . For Q4 2021, prices are seen averaging US$1,836. Price Trend and Forecast. Stock analysis for LMAHDS03. “We don’t expect aluminium demand to rise significantly over the next two years, so we expect the biggest surplus the industry has seen in a decade,” Vazquez said, adding that he expects three-month aluminium prices to average US$ 1720/t in 2020. Aluminum Premium (RMB/mt) (b)70-(b)110 (b)90 +40. 15,590-120. The London Metal Exchange is the trading and price-formation venue of choice for industrial metals globally. This contrasts with the consensus, which expects prices to drift sideways. "The global aluminum market is oversupplied in 2020 but there is currently genuine tightness in China, which is driving the recent price strength." Aluminum outlook 2020: Global growth a key risk As 2019 comes to a close, investors might be wondering what’s next for the aluminum outlook. They also cut their forecasts for a global aluminium deficit this year to 550,000 tonnes from 868,240 tonnes in the April poll. More information, please visit our website:www.aluminiumsupplier.com.cn. Login or register to view LME Aluminium prices and monthly averages. Real time spot and forecast price information require subscriptions. Aluminium premiums have also been suppressed by a persistent backwardation in LME spreads. Stainless Steel Scrap: Material Average Price High Price Low Price Price Unit Price Date; 304 Stainless Steel Scrap: 0.20: 0.20: 0.20: USD/LB: 2020-04-07: 304 Stainless Steel Turning Scrap The three-month aluminium price fell by 1.4% this morning after nearly 30,000 tonnes were delivered into LME-listed warehouses. It is heavily used in modern construction, automotive, aviation, energy, food and many other industries. We forecast that the price of aluminium will rise this year even if, as we expect, the market flips from a deficit to a surplus. Special report that analyzes the outlook for LME aluminum prices. Market data. For Q4 2021, prices are seen averaging US$1,836. Fragile prices on the London Metal Exchange (LME) during 2019 have already disconcerted primary producers like state-run National Aluminium Company (Nalco), … This is due to our expectation that investors will focus on a more positive backdrop for aluminium demand, amid low inventory levels. China Total world 0% 2% 4% 6% Construction Other Foil stock Packaging Cons. We use cookies for statistical and measurement purposes, to help improve our website and provide you with a better online experience. Contract specifications. * All metals can be traded during the 13:25 - 13:35 Kerb trading session. The CME Group posts its final settlement prices at about 6 pm U.S. CT. Ross students do not have to wait until the end of day to receive daily commodity prices. Die Menge wird in Tonnen angegeben, der Preis der Aluminium-Futures in US-Dollar. Get stock price, historical stock charts & news for LME ALUMINUM 3MO ($) Identifies the most relevant price drivers, includes different views circulating in the market, and provides detailed monthly, quarterly and annual LME aluminum price forecasts, by the most accurate analysts, for up to … Historically, LME Index reached an all time high of 4556.60 in May of 2007. By clicking I accept you agree to such purposes. Analysts expect cash LME aluminum to average $1,814 a tonne in 2020, up 6% from the current price. Market data. A bearish forecast for aluminium prices in calendar 2020 is likely to rattle domestic producers. “There is power in coalition and by working together, the metals industry can – and must – embody global expectations on sustainability”, Approved warehouses (requires additional access), Monthly Average Futures contract specifications. Average price forecast for 2020 is US$ 1933.4 per tonne. 15,520-130. Aluminum prices. In particular, we think that copper will be among the top price performers in the coming years, due to the limited pipeline of … Jan 04, 2021. The LME complex, except for lead, also cruised lower on Tuesday. Price description. Copper: Three-month LME copper fell 1.64% to close at $7,746/mt on Tuesday. Your new password must contain eight or more characters and at least one number. 31 Dec 2020: 1,978.00: 1,978.00: 1,978.00-17.50-0.88 %: 30 Dec 2020: 1,995.50: 1,995.50: 1,995.50-4.50-0.23 %: 29 Dec 2020: 2,000.00: 2,000.00: 2,000.00-22.00-1.09 % Real time spot and forecast price information require subscriptions. Copper Forecast Log: Weekly updated throughout 2020. A bearish forecast for aluminium prices in calendar 2020 is likely to rattle domestic producers. January 2021 Meanwhile, the SHFE price reached CNY 14,820/mt on Aug. 3, a … We value your feedback. LME aluminium cash price, $/tonne 2019 forecast average price $1,786 2020 forecast average price $1,763. Aluminum prices weakened globally during February, with Chinese prices showing the largest price declines. 5Y. LME tin cash price, $/t 2019 forecast average price $19,368 2020 forecast average price $22,000 FUNDAMENTALS * Aluminium inventories in ShFE warehouses AL-STX-SGH were last at 222,498 tonnes, a 58%-drop from the 2020 peak in March, but LME stockpiles MALSTX … Help us improve LME.com by taking our short survey. Warehouses in Port Klang received 27,875 tonnes of aluminium, while a couple of hundred tonnes was also delivered into Johor. Current lme aluminum prices. © 2021 The London Metal Exchange - an HKEX Company. We update this on (bi-)weekly basis throughout 2020 with short bullet points to highlight whether the copper market in 2020 and 2021 is developing according to our copper price projection. The ‘settlement price’ is the official cash sale and generally serves as a basis for contracts. ** Whilst Kerb trading takes place from 15:50 - 17:00 LME Aluminium ceases trading at 16:35. LME prices up and above key support at $2,020 per mton; European spot billet premiums nearing $... per mton As a result, we are bullish on aluminium prices over that period LME aluminium cash price, $/tonne 2019 forecast average price $1,786 2020 forecast average price $1,763 SMM Aluminum Ingot (RMB/mt) 15,570-15,610. Your recipients's details You can enter a maximum of 5 recipients. SHFE/LME Ratio. Due to the weak economy metals are currently relatively cheap. The benchmark London Metal Exchange aluminium three-month price averaged $1,765 per tonne in November, down from $1,949 per tonne in November 2018. Source: SMM. 21 August 2020. Kieran Clancy, Assistant Commodities Economist, +44 20 3974 7422, kieran.clancy@capitaleconomics.com Official LME-Prices in US Dollar 04. (See Chart 1.) There are many such providers worldwide and their reports can be costly Rarely free. Fastmarkets concluded that aluminium prices spent most of the year below US$ 2000 per tonne and since mid-July have been trading below US$ 1800 per … LME base metals prices, Asian-Pacific equities mainly lower this morning Free. LME Aluminium can be traded on LMEselect from 01.00 - 19.00 London time, 24 hours a day on the inter-office telephone market and during the below times on the Ring: For further information please get in touch. December 2020 We forecast a base case for the LME cash tin price of $19,500 per tonne in October-December 2019 and $22,000 per tonne for 2020. Gives his update on the next steps in the last quarter of 2020 following the rest of the including., we think that the data are overstating the extent of 2019 ’ s rules and regulations and Clear... 17:00 LME aluminium prices in calendar 2020 is likely to rattle domestic producers out more and your. 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