The Aluminum Monthly Metals Index (MMI) increased by 2.4% for this month’s MMI value. Want more from MetalMiner? We offer exclusive analyst commentary in our weekly, monthly, or quarterly updates – all metals, no sales fluff. Sign up today. SHFE, LME arbitrage LME and SHFE aluminum prices traded sideways this past month. The LME price […]
Tag: Aluminum MMI
Aluminum MMI: Chinese aluminum demand remains strong, imports surge
The aluminum price on the SHFE is outpacing its LME counterpart and Chinese demand for the metal remains strong.
Aluminum MMI: Aluminum price makes gains, index rises 6.7%
The Aluminum Monthly Metals Index (MMI) increased by nearly 6.7% for this month’s MMI reading.
Aluminum MMI: Aluminum price climbs despite overwhelming supply
The Aluminum Monthly Metals Index (MMI) increased by nearly 1.4% this month.
Aluminum MMI: LME, SHFE prices diverge as Chinese demand recovers slowly
The Aluminum Monthly Metals Index (MMI) rose 1.4% this month. As China slowly recovers, SHFE and LME prices diverge After moving in relative harmony, aluminum prices on China’s SHFE and global prices on the LME have diverged sharply over the last month. Investors have dumped LME and bought SHFE on the expectation demand is picking […]
Aluminum MMI: Aluminum stocks remain elevated despite depressed demand
The Aluminum Monthly Metals Index (MMI) fell 8.8% this month. Looking for metal price forecasting and data analysis in one easy-to-use platform? Inquire about MetalMiner Insights today!
Aluminum MMI: Demand weakness leads to further price deterioration
The Aluminum Monthly Metals Index (MMI) dropped three points once again, falling to 80 this month. Request a 30-minute demo of the MetalMiner Insights platform now. After holding sideways for most of February, LME aluminum prices once again grew weaker later in the month. Prices hit new short-term lows as of early March.
Aluminum MMI: Demand uncertainty weighs on aluminum prices
The Aluminum Monthly Metals Index (MMI) reversed last month’s three-point increase with a three-point decline back to 83. LME aluminum price dynamics switched late in January, with a precipitous drop setting prices down to a new short-term low.
Aluminum MMI: Index bounces back after last month’s three-year low
The Aluminum Monthly Metals Index (MMI) bounced off last month’s three-year low with a three-point increase to 86. All prices in the index increased by more than 3%. LME aluminum prices increased in December and surpassed $1,830/mt in early January. Now analysts are watching to see if lackluster demand will allow recent increases to stick.
Aluminum MMI: Index near three-year low; demand remains constrained
The Aluminum Monthly Metals Index (MMI) held relatively flat this month, with a one-point increase to 83, as the majority of prices in the index showed mild increases. LME aluminum prices generally moved sideways during November and were unable to generate strong upward price momentum due to slower recent economic growth rates and uncertainty over […]