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Aluminium

LME-PRICES aluminium (05/07/17)
settle SETTLE EURO close CLOSE EURO vol chg ASIAN
Cash 1913 1688.1 1920.8 1695.0 1 -7.750
TOM
3 month 1919 1693.4 1928 1701.4 10901 3 1929.4
15 month 1960 1729.6
27M 1987.3 1753.7
63M 2085.3 1840.1
123M 2325.3 2051.9
SHFE aluminium (05/07/17)
close CLOSE EURO high low vol chg
JUL 17 14090 12434 2073.0 2064.2 2020 25
AUG 17 14185 12518 2087.0 2076.7 29694 35
SEP 17 14275 12597 2100.2 2090.6 30790 45
OCT 17 14345 12659 2109.7 2100.2 5314 55
NOV 17 14380 12690 2117.1 2107.5 2158 20
DEC 17 14430 12734 2122.3 2117.8 140 15
JAN 18 14495 12791 2131.8 2126.7 28 75
FEB 18 14490 12787 2135.5 2131.1 6 55
MAR 18 14540 12831 2142.1 2138.4 16 10
APR 18 14615 12897 2149.3 2133.1 10 25
MAY 18 14555 12844 2148.7 2140.6 6 -50
JUN 18 14590 12875 2150.9 2145.8 22 5

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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.