shanghai futures exchange

Shanghai Futures Exchange To Release Draft Proposal For Alumina Futures Contract Within Months

Shanghai Futures Exchange To Release Draft Proposal For Alumina Futures Contract Within Months

Owing to a demand from traders for a benchmark for alumina pricing, The Shanghai Futures Exchange (ShFE) is planning to release a draft of an alumina futures contract by early next year. “We believe that by the end of this year or...

Events

BofAML Predicts Global Aluminium Deficit By Year’s End

A report from Bank of America Merrill Lynch (BofAML) Global Research predicts a global aluminium deficit by year’s end thanks in large part to capacity closures at smelters in the People’s Republic of China. The report indicates word of capacity closures totaling 4.3 million metric tons per annum at smelters in Inner Mongolia Autonomous Region, […]

Chinese Aluminium Cuts Buoy Prices at LME

Ripples from capacity cuts in the People’s Republic of China washed over the London Metal Exchange yesterday, raising prices to their highest point in over a month. At the markets’ close, benchmark aluminium ended at US$1,944 per metric ton, an 0.8 percent gain over the previous day and the highest the metal has closed since […]

Rise in Aluminium Prices Could Prompt Increases in Exports from China

Analysts watching the People’s Republic of China’s aluminium sector predict the summer will see a marked increase in exports from the country, with shipments of semi-formed aluminium to lead the charge. According to experts, the improved manufacturing environment, coupled with the steady drop in aluminium stockpiles around the world, will increase demand. However, many of […]

LME Chief Garry Jones Steps Down

The London Metal Exchange (LME) announced yesterday that its Chief Executive has stepped down. Garry Jones, who was also the executive director of LME and LME Clear (LMEC), retired yesterday, transitioning into an advisory role for the remainder of 2017. The LME has appointed Matthew Chamberlain, lately the organization’s COO, as Interim Chief Executive. Andrew […]