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Aluminium

LME-PRICES aluminium (22/09/17)
settle SETTLE EURO close CLOSE EURO vol chg ASIAN
Cash 2137 1786.3 2146.3 1794.1 1 -10.25
TOM
3 month 2160 1805.6 2171 1814.8 19201 -11 2125.8
15 month 2215.5 1852.0
27M 2250 1880.8
63M 2354 1967.7
123M 2594 2168.4
SHFE aluminium (22/09/17)
close CLOSE EURO high low vol chg
SEP 17 16035 13404 2505.4 2449.6 4390 -305
OCT 17 16390 13701 2500.1 2465.2 8928 -55
NOV 17 16515 13805 2514.5 2479.6 343302 -90
DEC 17 16610 13884 2528.9 2495.5 142626 -85
JAN 18 16680 13943 2543.3 2504.6 38232 -85
FEB 18 16715 13972 2546.4 2511.5 3214 35
MAR 18 16715 13972 2549.4 2518.3 2070 -70
APR 18 16770 14018 2552.4 2524.4 276 30
MAY 18 16780 14027 2557.0 2526.6 308 -30
JUN 18 16765 14014 2557.7 2528.9 138 -205
JUL 18 16800 14043 2559.3 2536.5 38 0
AUG 18 16710 13968 2555.5 2535.7 20 -315

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London Metal Exchange Aluminium

The aluminum market is constantly changing, besides product information there is a great demand for current prices and real time LME aluminium prices.

The history of aluminum

The processing of light metal aluminum in comparison with other commonly used non-ferrous metals such as iron, copper, tin, silver and gold, have a very short history in the world. Aluminum was discovered at the beginning of the nineteenth century and came only at the beginning of the twentieth century sufficiently available for various industrial applications. The English chemist Davy gave this pure metal the name aluminum.

How is aluminum made?

Aluminum is made by the raw material bauxite alumina to extract. Less than a hundred years later, aluminum is impossible not to think of in the world. Aluminum is sufficiently present, it is widely applicable and durable material for various processes and can be used in very different products.

How is LME aluminum pricing determined?

Each aluminum processing company in the world has to deal with the risks of fluctuating aluminum prices and as a result the prices for intermediate goods and the prices of finished known products. Through past experience we have learned that not only supply and demand is an important part for the historical aluminium prices, but above expectations and sentiments in the financial sector, the price of aluminum determination.

The risks of fluctuations of aluminum

Changes in aluminum prices are very unpredictable and price fluctuations can be very strong. These fluctuations have a direct impact on the profit margins, the value of the stock, but also behaviors of customers who ordered the aluminum suddenly do want to diminish or postpone the order. Companies seek control of these risks by making good agreements with both customers and suppliers of aluminum.

Aluminum trading

In basic industry, it is already customary to price risk management by trading the futuremarket for aluminum, the London Metal Exchange (LME). The world prices of aluminum are listed on the London Metal Exchange (LME) and form the basis for price calculations of many aluminum processing enterprises. The LME aluminum gives the price in U.S. dollars per 1000 kg. The ‘settlement price’ is the official cash sale and generally serves as a basis for contracts.

Current lme aluminum prices

Due to the weak economy metals are currently relatively cheap. The price of aluminum on the leading London Metals Exchange (LME aluminium) fell by 12% since January 2012. Investors are buying aluminum on a large scale and sell the aluminium slow, which enables much higher purchases for companies.