The U.S. wasn’t the only nation seeing increased steel prices in the first quarter of 2017 — … Wood Mackenzie forecasts more than 1 million tonnes of new aluminum smelter capacity to be added in 2020, with an estimated demand increase of only a third of that figure. January 2021 Real time spot and forecast price information require subscriptions. aktuell | flexibel | zuverlässig. SHFE/LME Ratio. 15,590-120. Get detailed information about Aluminum Futures including Price, Charts, Technical Analysis, Historical data, Reports and more. The three-month aluminium price fell by 1.4% this morning after nearly 30,000 tonnes were delivered into LME-listed warehouses. 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. Matthew Chamberlain gives his update on the next steps in the LME’s Sustainability strategy. All rights reserved. But the futures price remains strong, following the rest of the complex including copper. 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 … FocusEconomics panelists see prices averaging US$1,795 in the last quarter of 2020. 2020 LME BASE METALS PRICE REVIEW: Cu keeps Covid at bay, rises to 2013 levels; nickel spurred on by EV prospects The advent of Covid-19 pushed prices to their lowest levels during the first quarter of the year, yet by the end of 2020, most underlying prices on the London Metal Exchange had bounced back to multi-year highs. The only change that we have made to our demand outlook in the past month is to our China estimate, where we now anticipate an increase of 2.1% in 2020, from a contraction of 0.8% previously. Chinese Yuan. Email this article. Your recipients's details You can enter a maximum of 5 recipients. “We don’t expect aluminium demand to rise significantly over the next two years, so we expect the biggest surplus the industry has seen in a decade,” Vazquez said, adding that he expects three-month aluminium prices to average US$ 1720/t in 2020. The LME price reached $1,783/mt on Aug. 10, a six-month high. LME tin cash price, $/t 2019 forecast average price $19,368 2020 forecast average price $22,000 Aluminium Price History 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: $0.21/lb: Updated 10/14/2020 The price of aluminum on the leading London Metals Exchange (LME aluminium) fell by 12% since January 2012. Fastmarkets concluded that aluminium prices spent most of the year below US$ 2000 per tonne and since mid-July have been trading below US$ 1800 per … Diese wurde früher auch als Gruppe der Erdmetalle bezeichnet. In particular, we think that copper will be among the top price performers in the coming years, due to the limited pipeline of … 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. Import Arbitrage. The London Metal Exchange is the trading and price-formation venue of choice for industrial metals globally. SMM Aluminum Ingot (RMB/mt) 15,570-15,610. More information, please visit our website:www.aluminiumsupplier.com.cn. Aluminum prices. Contract specifications. Your new password must contain eight or more characters and at least one number. 5Y. 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. Market data. 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. 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. Looking forward, we estimate it to trade at 3193.66 in 12 months time. The Golden Age for Emerging Markets is over, The Golden Age for Emerging Markets is Over. In the Middle East, primary aluminium production increased by 4.35% year-on-yea… The London Metal Exchange is the world centre for industrial metals trading. 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. Copper Forecast Log: Weekly updated throughout 2020. LME aluminium cash price, $/tonne 2019 forecast average price $1,786 2020 forecast average price $1,763. ** Whilst Kerb trading takes place from 15:50 - 17:00 LME Aluminium ceases trading at 16:35. "The global aluminum market is oversupplied in 2020 but there is currently genuine tightness in China, which is driving the recent price strength." 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 Kieran Clancy, Assistant Commodities Economist, +44 20 3974 7422, kieran.clancy@capitaleconomics.com The way things look for 2020 it is bearish for the alumina market,” a fourth trader source added. Price Trend and Forecast. Copper: Three-month LME copper fell 1.64% to close at $7,746/mt on Tuesday. 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. Due to the weak economy metals are currently relatively cheap. Every metal traded on the LME must conform to strict specifications regarding quality, lot size and shape. LME Aluminium Price 3 Months Offer Price is USD 2034.5 per tonne on 11th Dec 2020. Special report that analyzes the outlook for LME aluminum prices. This contrasts with the consensus, which expects prices to drift sideways. 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. Meanwhile, the SHFE price reached CNY 14,820/mt on Aug. 3, a … A maximum of 5 lme aluminium price forecast 2020 the ‘ settlement price ’ is the official cash sale generally. 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