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Aluminium

LME-PRICES aluminium (21/02/18)
settle SETTLE EURO close CLOSE EURO vol chg ASIAN
Cash 2190 1779.6 2216 1800.7 -26
TOM
3 month 2176 1768.2 2185 1775.6 11880 22.5 2176.5
15 month 2211 1796.7
27M 2236 1817.0
63M 2321.8 1886.7
123M 2560 2080.3
SHFE aluminium (21/02/18)
close CLOSE EURO high low vol chg
FEB 18
MAR 18 14020 11393 2266.7 2209.9 84124 -280
APR 18 14105 11462 2278.5 2220.9 227750 -280
MAY 18 14205 11543 2291.9 2237.5 97990 -270
JUN 18 14305 11624 2304.5 2250.9 25060 -255
JUL 18 14390 11693 2318.0 2265.9 1850 -265
AUG 18 14445 11738 2325.8 2279.3 676 -255
SEP 18 14560 11832 2340.8 2288.8 130 -270
OCT 18 14715 11958 2344.0 2321.9 38 -85
NOV 18 14810 12035 2348.7 2336.9 12 90
DEC 18 14850 12067 2406.3 2343.2 18 -160
JAN 19 14780 12010 2373.2 2332.2 56 -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.