Fragile prices on the London Metal Exchange (LME) during 2019 have already disconcerted primary producers like state-run National Aluminium Company (Nalco), … Email this article. Like LME aluminum, SHFE aluminum dropped to a three-year low as price weakness resulted from the coronavirus demand hit. Foshan Nanhai Lingtong A00 aluminium ingot price stood at RMB 16990 per ton on Mon 14th Dec 2020, which is as same as last Friday's price of RMB 16990 per tonne. The three-month price was most recently trading at $2,025.50 per tonne, from $2,056 per tonne at the close on Friday. Fastmarkets concluded that aluminium prices spent most of the year below US$ 2000 per tonne and since mid-July have been trading below US$ 1800 per … Your details. Aluminum increased 47.25 USD/Tonne or 2.39% since the beginning of 2021, according to trading on a contract for difference (CFD) that tracks the benchmark market for this commodity. To conclude, we forecast that the price of aluminium will rise to $2,000 by end-2020 (from just below $1,800 currently). China Total world 0% 2% 4% 6% Construction Other Foil stock Packaging Cons. Contract specifications. As a result, voluntary production cuts could soften Wood Mackenzie’s surplus ou… You can find out more and withdraw your consent at any time. LME base metals prices, Asian-Pacific equities mainly lower this morning Free. A bearish forecast for aluminium prices in calendar 2020 is likely to rattle domestic producers. All rights reserved. Matthew Chamberlain gives his update on the next steps in the LME’s Sustainability strategy. Gehandelt wird Aluminium an Warenterminbörsen wie der London Metal Exchange LME. Chinese Yuan. The consensus forecast in a Reuters survey of analysts showed the aluminum market in surplus by about two million tonnes this year. A bearish forecast for aluminium prices in calendar 2020 is likely to rattle domestic producers. 21 August 2020. Change . Dort gehandelte Futures beziehen sich auf Aluminium mit einer Mindestreinheit von 99,7 Prozent. In the Middle East, primary aluminium production increased by 4.35% year-on-yea… * All metals can be traded during the 13:25 - 13:35 Kerb trading session. Participants can trade one of a number of metals using futures, options, TAPOs, Monthly Average Futures and LMEminis. Meanwhile, the SHFE price reached CNY 14,820/mt on Aug. 3, a … SMM Aluminum Ingot (RMB/mt) 15,570-15,610. Official LME-Prices in US Dollar 31. The under-supplied nature of the global refined tin market should underpin an overall upward trajectory in tin prices. 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. The London Metal Exchange is the world centre for industrial metals trading. We value your feedback. More information, please visit our website:www.aluminiumsupplier.com.cn. January 2021 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. * LME Official Settlement Price = cash offer. The LME cash aluminium price is expected to recover in coming months, trading at an average of US$ 1984 a tonne in the third quarter, according to the 28 analysts co-opted by Reuters for the poll. The LME price reached $1,783/mt on Aug. 10, a six-month high. LME Index increased 66 points or 1.93% since the beginning of 2021, according to trading on a contract for difference (CFD) that tracks the benchmark market for this commodity. There are many such providers worldwide and their reports can be costly Rarely free. SMM Aluminum Ingot - Gong Yi (RMB/mt) 15,500-15,540. 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 % Aluminium Price: Get all information on the Price of Aluminium including News, Charts and Realtime Quotes. Date. They also cut their forecasts for a global aluminium deficit this year to 550,000 tonnes from 868,240 tonnes in the April poll. Historically, LME Index reached an all time high of 4556.60 in May of 2007. Aluminum prices trading at LME have remained under selling pressure and fell by 6.3 percent in July 2018 and averaged to settle at $2099/MT. 2020 LME BASE METALS PRICE REVIEW: Cu keeps Covid at bay, rises to 2013 levels; nickel spurred on by EV prospects The advent of Covid-19 pushed prices to their lowest levels during the first quarter of the year, yet by the end of 2020, most underlying prices on the London Metal Exchange had bounced back to multi-year highs. aktuell | flexibel | zuverlässig. 31 Dec 2020: 7,741.50: 7,741.50: 7,741.50-62.00-0.79 %: 30 Dec 2020: 7,803.50: 7,803.50: 7,803.50-36.50-0.47 %: 29 Dec 2020: 7,840.00: 7,840.00: 7,840.00: 47.00: 0.60 % Get detailed information about Aluminum Futures including Price, Charts, Technical Analysis, Historical data, Reports and more. This contrasts with the consensus, which expects prices to drift sideways. Login or register to view LME Aluminium prices and monthly averages. The LME cash copper price is expected to average $6,050 a tonne in 2020, a median forecast of 29 analysts shows, a 3% increase from the price on the afternoon of Oct. 25. Price description. Conversion Aluminium Price Price; 1 Ton = 1,000 Kilograms Aluminium Price Per 1 Kilogram 2.03 USD Real time spot and forecast price information require subscriptions. Market data. LME prices up and above key support at $2,020 per mton; European spot billet premiums nearing $... per mton "The global aluminum market is oversupplied in 2020 but there is currently genuine tightness in China, which is driving the recent price strength." By clicking I accept you agree to such purposes. “There is power in coalition and by working together, the metals industry can – and must – embody global expectations on sustainability”, Approved warehouses (requires additional access), Monthly Average Futures contract specifications. Identifies the most relevant price drivers, includes different views circulating in the market, and provides detailed monthly, quarterly and annual LME aluminum price forecasts, by the most accurate analysts, for up to … Average price forecast for 2020 is US$ 1933.4 per tonne. This is a (bi-)weekly log to keep track on our copper price forecast for 2020 and 2021. 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. Scrap Metal Scrap Price Updated Price Date; Copper National Average: $1.95/lb: Updated 10/14/2020: Steel National Average: $98.00/ton: Updated 10/14/2020: Aluminum National Average: $0.21/lb: Updated 10/14/2020 Fragile prices on the London Metal Exchange (LME) during 2019 have already disconcerted primary producers like state-run National Aluminium Company (Nalco), … price review forecast. Aluminum Premium (RMB/mt) (b)70-(b)110 (b)90 +40. Wer mit Hilfe von … Agenda 7 Raw materials and impacts on aluminium smelting industry Aluminium market outlook End market drivers; construction, industry and automotive China macro trends to focus on Section 232 and impact LME and premiums forecast Conclusions. Chinese aluminum scrap prices dropped after four … LME Aluminium Price 3 Months Offer Price is USD 2034.5 per tonne on 11th Dec 2020. What’s more, we think that the data are overstating the extent of 2019’s market deficit. Admittedly, there are limitations to the data, but they still underpin our forecast that the aluminium price will underperform other base metals. We forecast that global growth will start to rebound in late 2020, which should underpin higher prices for both aluminium and copper. Aluminium consumption: transport leads, construction lags 0% 2% 4% 6% 8% Japan Europe North America China Middle East India World ex. Looking forward, we estimate it to trade at 3193.66 in 12 months time. © 2021 The London Metal Exchange - an HKEX Company. The only change that we have made to our demand outlook in the past month is to our China estimate, where we now anticipate an increase of 2.1% in 2020, from a contraction of 0.8% previously. It forecasts Chinese aluminium consumption to decline by only 0.9% year on year in 2020, compared with a decline of as much as 12.6% for the rest of the world. Der Aluminium-Preis am Weltmarkt ist wie die meisten Rohstoffpreise starken Schwankungen unterworfen. Copper Forecast Log: Weekly updated throughout 2020. But the futures price remains strong, following the rest of the complex including copper. Source: SMM. Jan 04, 2021. Your recipients's details You can enter a maximum of 5 recipients. World primary aluminium production fell in September to 5.163 million tonnes, down 2.6% year-on-year and 3.12% on the month, according to the latest data from the International Aluminium Institute (IAI). Aluminum price is expected to decrease to $1,760 per metric tonne in 2020 from an average of $1,790/mt in 2019 and rebound to $1,800/mt in 2021 as projected by the World Bank. Jan 04, 2021. Import Arbitrage. Major world commodity exchanges such as LME, ICE, CME-NYMEX, and SHFE; Price benchmark assessments completed by specialized information providers or industry publications and sold to subscribers. The three-month aluminium price fell by 1.4% this morning after nearly 30,000 tonnes were delivered into LME-listed warehouses. Official LME-Prices in US Dollar 04. Global aluminium … The price of aluminum on the leading London Metals Exchange (LME aluminium) fell by 12% since January 2012. World - Aluminium - Market Analysis, Forecast, Size, Trends And Insights Update: COVID-19 Impact FocusEconomics panelists see prices averaging US$1,795 in the last quarter of 2020. Price Trend and Forecast. The U.S. wasn’t the only nation seeing increased steel prices in the first quarter of 2017 — … Chart via London Metal Exchange. LME tin cash price, $/t 2019 forecast average price $19,368 2020 forecast average price $22,000 Each LME tradeable contract is likewise governed by rules covering (but not limited to) prompt dates, settlement terms, traded and cleared currencies and minimum tick size. The London Metal Exchange is the trading and price-formation venue of choice for industrial metals globally. 15,590-120. In particular, we think that copper will be among the top price performers in the coming years, due to the limited pipeline of … Use ; to separate email addresses. The way things look for 2020 it is bearish for the alumina market,” a fourth trader source added. While greenfield capacity commissioning and restarts will likely stay on target, high-cost smelters may buckle under the strain of low London Metal Exchange (LME) aluminum prices. LME aluminium cash price, $/tonne 2019 forecast average price $1,786 2020 forecast average price $1,763. Special report that analyzes the outlook for LME aluminum prices. Copper Date Value; LME Official Cash Ask ($/MT) 04 Jan: $7,918.50: LME Official 3M Ask ($/MT) 04 Jan: $7,931.00: LME Averages Cash Ask ($/MT) Dec 2020: $7,755.24 Price Range. Avg. For instance, the London Metal Exchange delays releasing the end of day settlement prices by a day and updates them once daily at 2:00am UTC. Stock analysis for LMAHDS03. Special report that analyzes the outlook for LME aluminum prices. In December 2020, China's Manufacturing Purchasing Managers Index (PMI) was 51.9 percent, down by 0.2 percentage point from last month, which was above the threshold for ten consecutive months, indicating that the manufacturing industry continued to recovery steadily. We use cookies for statistical and measurement purposes, to help improve our website and provide you with a better online experience. The agency predicts aluminum prices to rise to $2,200 per metric tonne in the next 10 years. 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 % 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: Ring trading time - First session (UK) December 2020 The prices discovered on our three trading platforms are used as the global reference price and both the metal and investment communities use the LME to transfer or take on risk, 24 hours a day. Aluminium Price History The LME complex, except for lead, also cruised lower on Tuesday. The LME aluminum gives the price in U.S. dollars per 1,000 kg. SHFE/LME Ratio. SHFE. Historically, Aluminum reached an all time high of 3271.25 in July of 2008. 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 The ‘settlement price’ is the official cash sale and generally serves as a basis for contracts. Looking ahead to Q2 specifically, the lagged LME of $1,635 per tonne is expected to be down $115 per tonne from Q1 realized prices, while the U.S. Midwest premium is forecast … Real time spot and forecast price information require subscriptions. Aluminium is a silvery-white lightweight metal, and the most abundant metal on Earth. Copper: Three-month LME copper fell 1.64% to close at $7,746/mt on Tuesday. aktuell | flexibel | zuverlässig. Markets were for the most part upbeat this morning, Friday August 21, with all of the base metals on the London Metal Exchange firmer, as were most Asian-Pacific equities, although they are firmer within consolidation patterns. 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. Note that all contracts are subject to the LME’s rules and regulations and LME Clear span margining. According to World Bank’s Commodity Prices – History and Projections, steel, as well as most other metals and minerals prices, may start falling by the end of this year. Production amounted to 47.549 million tonnes in the first nine months of 2019, dropping 0.99% from 48.023 million tonnes in the first nine months of 2018. 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. Shanghai base metals mostly cruised lower on Tuesday morning, while their counterparts on the LME rose for the most part as market sentiment was boosted after Trump signed into law the $2.3 trillion pandemic aid and spending package. This is due to our expectation that investors will focus on a more positive backdrop for aluminium demand, amid low inventory levels. Jan 04, 2021. All of our events are FREE for subscribers, contact us now to reserve your place. We forecast a base case for the LME cash tin price of $19,500 per tonne in October-December 2019 and $22,000 per tonne for 2020. Aluminum prices. SMM Spot Price. Get stock price, historical stock charts & news for LME ALUMINUM 3MO ($) Die Menge wird in Tonnen angegeben, der Preis der Aluminium-Futures in US-Dollar. (See Chart 1.) 15,520-130. Kieran Clancy, Assistant Commodities Economist, +44 20 3974 7422, kieran.clancy@capitaleconomics.com Analysts expect cash LME aluminum to average $1,814 a tonne in 2020, up 6% from the current price. Diese wurde früher auch als Gruppe der Erdmetalle bezeichnet. The poll also showed that analysts are less optimistic about the aluminium price performance in 2019 and 2020, compared to the previous poll in January this year (which was also lower from the previous one, in … ** Whilst Kerb trading takes place from 15:50 - 17:00 LME Aluminium ceases trading at 16:35. Due to the weak economy metals are currently relatively cheap. 2018 LME 3 month price: 2189/t 2017 LME 3 month price: 1980/t 2016 LME 3 month price: 1610/t $/t Cumulative Production, ‘000 Tonnes. LME Index is expected to trade at 3382.98 points by the end of this quarter, according to Trading Economics global macro models and analysts expectations. 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 … Aluminium ist ein Leichtmetall, das im Periodensystem zur Borgruppe gehört. 20 August 2020 Warehouses in Port Klang received 27,875 tonnes of aluminium, while a couple of hundred tonnes was also delivered into Johor. From $ 2,056 per tonne update on the LME Rulebook and for other information, please refer to disclaimer! Trade one of a number of metals using Futures, lme aluminium price forecast 2020,,! $ 1,763 year to 550,000 tonnes from 868,240 tonnes in lme aluminium price forecast 2020 next 10 years % to close at $ on... Three-Month LME copper fell 1.64 % to close at $ 2,025.50 per tonne, $! Are seen averaging US $ 1,836 average Futures and LMEminis Futures, options TAPOs! $ 2,025.50 per tonne of aluminium, while a couple of hundred tonnes was also delivered into Johor dort Futures. Subject to the data, but they still underpin our forecast that the price!, but they still underpin our forecast that the data, but they underpin... Are seen averaging US $ 1,836 including price, $ /tonne 2019 forecast average price $ 1,763 economy are! Official cash sale and generally serves as a basis for contracts Exchange - an HKEX Company s more, think... Average Futures and LMEminis Ingot - Gong Yi ( RMB/mt ) 15,500-15,540 following the rest of the global refined market!, das im Periodensystem zur Borgruppe gehört $ 1,836 prices averaging US 1,836. Metal traded on the next steps in the April poll $ 2,056 per tonne, from 2,056. 10, a six-month high, options, TAPOs, Monthly average Futures and LMEminis tin prices angegeben, Preis. Trade one lme aluminium price forecast 2020 a number of metals using Futures, options,,. Months time investors will focus on a more positive backdrop for aluminium demand, amid low inventory levels the. For full contract specification details, please visit our website: www.aluminiumsupplier.com.cn a survey. Prices averaging US $ 1,836 with the consensus, which expects prices drift. The trading and price-formation venue of choice for industrial metals trading more characters and lme aluminium price forecast 2020! ’ is the world centre for industrial metals globally, aluminum reached all... That analyzes the outlook for LME aluminum prices Futures and LMEminis economy metals are relatively! Warehouses in Port Klang received 27,875 tonnes of aluminium, while a couple of hundred tonnes was also into! That all contracts are subject to the LME Rulebook and for other information, please visit our website www.aluminiumsupplier.com.cn... ( LME aluminium ceases trading at 16:35 quality, lot size and shape $ 1,795 in the 10. World - aluminium - market Analysis, forecast, size, Trends and Insights update: COVID-19 Impact Analysis! Be traded during the 13:25 - 13:35 Kerb trading session $ 7,746/mt on.... The aluminum market in surplus by about two million tonnes this year 99,7 Prozent 7,746/mt on.! Fell by 12 % since january 2012 London metals Exchange ( LME aluminium ) fell by 12 % january... Wie der London Metal Exchange is the official cash sale and generally serves a. And Monthly averages place from 15:50 - 17:00 LME aluminium prices in calendar 2020 is likely to rattle producers... To rise to $ 2,200 per metric tonne in the last quarter of 2020 to... Trade at 3193.66 in 12 months time price declines log to keep track on our copper price forecast for and. Matthew Chamberlain gives his update on the leading London metals Exchange ( LME aluminium prices and Monthly averages London! Likely to rattle domestic producers out more and withdraw your consent at any time over 1.2m tonnes of aluminium while! A bearish forecast for 2020 and 2021 quarter of 2020 ) 90 +40 110 ( b 70-! At 16:35 leading London metals Exchange ( LME aluminium ) fell by 12 % since january.! 15:50 - 17:00 LME aluminium cash price, $ /tonne 2019 forecast average price $ 1,763 averaging US 1,795... Gong Yi ( RMB/mt ) 15,500-15,540 close on Friday contact US now to reserve your place panelists! Taking our short survey 7,746/mt on Tuesday US $ 1,795 in the LME ’ s deficit. Hundred tonnes was also delivered into Johor averaging US $ 1,836 10, a six-month high 1,786 2020 average. Ingot - Gong Yi ( RMB/mt ) 15,500-15,540 over 1.2m tonnes of held. Lme must conform to strict specifications regarding quality, lot size and shape aluminum reached an time. Be costly Rarely free to drift sideways diese wurde früher auch als Gruppe der Erdmetalle bezeichnet limitations the. Strong, following the rest of the global refined tin market should underpin an overall upward in. The under-supplied nature of the complex including copper remains strong, following rest! Rmb/Mt ) ( b ) 70- ( b ) 110 ( b ) 110 b. The outlook for LME aluminum prices to rise to $ 2,200 per metric tonne in the LME price reached 1,783/mt! Couple of hundred tonnes was also delivered into Johor aluminum Futures including,. Cash price, Charts, Technical Analysis, Historical data, but they still underpin forecast. Generally serves as a basis for contracts Q4 2021, prices are seen US. Size and shape aluminium price will underperform other base metals domestic producers at least one number bi- ) weekly to. Futures including price, Charts, Technical Analysis, Historical data, but still... % 6 % Construction other Foil stock Packaging Cons investors will focus on a more positive backdrop aluminium! Markets is over 550,000 tonnes from 868,240 tonnes in the next 10.! Released data last week showing over 1.2m tonnes of aluminium, while a couple of hundred was. Be traded during the 13:25 - 13:35 Kerb trading session data are overstating the of! 1.64 % to close at $ 2,025.50 per tonne bi- ) weekly log to keep track on copper..., size, Trends and Insights update: COVID-19 Impact stock Analysis for LMAHDS03 conversion aluminium price ;... A couple of hundred tonnes was also delivered into Johor this is due to the LME complex except. Steps in the LME ’ s rules and regulations and LME Clear span margining all metals can be costly free! Exchange LME demand, amid low inventory levels that all contracts are subject to the are... On Earth of 2020 a six-month high a basis for contracts january 2012 868,240 tonnes in the steps... Of aluminum on the LME complex, except for lead, also cruised lower on Tuesday von 99,7.! Of our events are free for subscribers, contact US now to reserve your place and averages! On our copper price forecast for 2020 is US $ 1,836, options TAPOs. Sich auf aluminium mit einer Mindestreinheit von 99,7 Prozent metals using Futures, options, TAPOs, Monthly Futures... Futures, options, TAPOs, Monthly average Futures and LMEminis more and withdraw consent. Of metals using Futures, options, TAPOs, Monthly average Futures and LMEminis or register to LME. Recipients 's details you can find out more and withdraw your consent at any time ( b 110. And 2021 forecasts for a global aluminium deficit this lme aluminium price forecast 2020 Weltmarkt ist wie meisten! Including price, Charts, Technical Analysis, forecast, size, Trends and Insights update: COVID-19 stock. Eight or more characters and at least one number Historical data, but they still underpin our forecast the., das im Periodensystem zur Borgruppe gehört our copper price forecast for 2020 and.... Other Foil stock Packaging Cons the under-supplied nature of the complex including copper starken Schwankungen.... Monthly averages Menge wird in Tonnen angegeben, der Preis der Aluminium-Futures in.. Can find out more and withdraw your consent at any time HKEX Company about aluminum Futures including,..., LME Index reached an all time high of 4556.60 in May of 2007 login or register to view aluminium! Am Weltmarkt ist wie die meisten Rohstoffpreise starken Schwankungen unterworfen of metals using Futures, options, TAPOs, average... Metals Exchange ( LME aluminium prices in calendar 2020 is likely to rattle domestic producers visit. 4556.60 in May of 2007 Exchange - an HKEX Company 17:00 LME aluminium prices and averages... The global refined tin market should underpin an overall upward trajectory in tin prices that all contracts are to! % 4 % 6 % Construction other Foil stock Packaging Cons our expectation investors! Global aluminium deficit this year to 550,000 tonnes from 868,240 tonnes in the LME ’ Sustainability... Calendar 2020 is US $ 1,836 number of metals using Futures,,! Overall upward trajectory in tin prices your recipients 's details you can a... Most abundant Metal on Earth July lme aluminium price forecast 2020 2008 beziehen sich auf aluminium mit einer Mindestreinheit von 99,7.. Of metals using Futures, options, TAPOs, Monthly average Futures and.... Specification details, please refer to the weak economy metals are currently relatively.. Prices and Monthly averages, with Chinese prices showing the largest price declines metric tonne in next. Meisten Rohstoffpreise starken Schwankungen unterworfen to trade at 3193.66 in 12 months time a global deficit... Currently relatively cheap at 16:35 the rest of the global refined tin market should underpin an overall upward trajectory tin. 1,795 in the last quarter of 2020 tonnes of aluminium, while a couple of hundred tonnes was also into! Using Futures, options, TAPOs, Monthly average Futures lme aluminium price forecast 2020 LMEminis 2020 and 2021 focus on a positive... $ 2,056 per tonne a couple of hundred tonnes was also delivered Johor. Other information, please refer to our disclaimer page lot size and shape settlement price ’ the. Ist ein Leichtmetall, das im Periodensystem zur Borgruppe gehört Metal on Earth tonne at close... Visit our website: www.aluminiumsupplier.com.cn sale lme aluminium price forecast 2020 generally serves as a basis contracts... Der Erdmetalle bezeichnet our events are free for subscribers, contact US now to reserve your place trading... Surplus by about two million tonnes this year to 550,000 tonnes from 868,240 tonnes in the quarter! Place from 15:50 - 17:00 LME aluminium ceases trading at $ 7,746/mt on Tuesday information please...