Aluminium prices on the Shanghai Futures Exchange weakened during Asian morning trading on Wednesday, after market participants were left with little to cheer about due to the uncertainty surrounding China’s plans for further aluminium capacity cuts this year.
Check Metal Bulletin’s live futures report here.
| LME snapshot at 02.00am London time | ||
| Latest three-month LME Prices | ||
| Price ($ per tonne) | Change since yesterday’s close ($) | |
| Copper | 6,962.5 | -41.5 |
| Aluminium | 2,144 | -3 |
| Lead | 2,426 | -12 |
| Zinc | 3,310 | 8 |
| Tin | 21,445 | 15 |
| Nickel | 13,520 | -160 |
| SHFE snapshot at 10.00am Shanghai time | ||
| Most-traded SHFE contracts | ||
| Price (yuan per tonne) | Change since yesterday’s close (yuan) | |
| Copper (May) | 52,460 | -160 |
| Aluminium(May) | 14,400 | -40 |
| Zinc(May) | 25,445 | 50 |
| Lead(April) | 18,735 | 95 |
| Tin (May) | 146,370 | -220 |
| Nickel (July) | 102,850 | 20 |
Global aluminium premiums generally ticked higher over the past week, following US President Donald Trump’s announcement that he intends to impose a 10% tariff on aluminium imports into the United States.
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