Commodity trader Trafigura has built significant long positions in London Metal Exchange (LME) aluminium futures, adding to pressure in a market facing its tightest supply conditions in decades. The purchases are understood to aim to secure physical aluminium, as exchange inventories have fallen to their lowest level since 1990. LME aluminium stocks currently stand at 226,350 tonnes. At the same time, the premium for contracts due for delivery in the near term over those with later delivery dates has reached its highest level in decades. Several large long positions are also in place ahead of the November contract's expiry. Although these positions are not at record levels, they are substantial compared with the metal available in LME warehouses. Explore the production, demand and...
The London Metal Exchange (LME) aluminium price chart reported sharp declines on the November 12 trading session after a temporary surge at the November 11 close. While cash plunged over 2 per cent, both near-term and longer-dated contracts posted over 1 per cent dip over the previous session. The LME aluminium cash bid as well as offer prices contracted 2.11 per cent day-on-day on November 12. The bid shifted from USD 3,223 per tonne to USD 3,155 per tonne. The offer price dipped from USD 3,223.5 per tonne to USD 3,155.5 per tonne. Explore: Most comprehensive and forward-looking industry-focused report — Global Bauxite & Alumina Market Forecast to 2036: Supply–Demand, Trade Flows & Price Outlook The LME aluminium three-month bid and offer prices on November 12 reported a 1.04 per cent...
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Apr 30, 2009 ... Hydro Aluminium had said in January it might close Neuss, one of west Europe's largest primary aluminium plants, this summer because of high ...
Jun 7, 2009 ... But the company's 130000 tonne annual primary aluminium production plant in Hamburg continues to operate at about 30% under capacity as ...
Jun 26, 2009 ... For over 50 years, Custom Aluminum Foundry (CAF) has been ... Manufacturer of aluminum castings poured with primary , certified ingot. ...
May 23, 2009 ... It is reported that Chinese primary aluminum exports in April fell by 97.89%YoY to 118 tons and the primary aluminum exports in January to ...
Jun 18, 2009 ... Platts reported that premiums for Good Western grade aluminium for export to ... and Good Western grade primary aluminium ingot producers, ...
Jun 22, 2009 ... Daily average global aluminum production, excluding China, ... the daily rate of production saw a pullback in May, total primary aluminum . ...
Jul 8, 2009 ... Alcoa Loss Is Smaller Than Forecast on Aluminum Output Cuts; Shares Climb ... according to Barclays Plc, another primary dealer. ...
Mar 16, 2009 ... Analyst sees 55% decline in aluminum prices this year. ... the $1.46/lb peak of last July ???due to a collapse in demand for primary aluminum , ...
Jun 9, 2009 ... Import of aluminium , including primary aluminium , ... Import of primary aluminium was 200000-250000 tons in May and 362400 tons in April. ...
Jun 10, 2009 ... United Company RUSAL, the world's top primary aluminium producer and a major supplier to Asia, plans to cut 2009 output by 500000 tonnes. ...
Jun 16, 2009 ... Platts reported that stocks of primary aluminium products stored at Toyama port in ... The Toyama port stocks of primary aluminium ingot, ...
Jul 11, 2007 ... With the six-month world average for primary aluminum at $1.26/lb, JP Morgan global metal strategist Jon Bergtheil and Deutsche Bank ...
Jun 8, 2009 ... BO) issued a tender on Monday for the sale of 4500 tonnes of primary aluminium , the company's website showed. ...
Jun 10, 2009 ... BO) sold 3000 tonnes of primary aluminium ingots at a premium of $89 a tonne over the average LME cash price on a CIF basis, ...
Jun 26, 2009 ... Japan's shipments of primary aluminium sheet products to the automotive sector in May rose 30% month on month to 6837 mt, ...
Jul 17, 2008 ... The International Aluminium Institute says primary aluminum production through April 2008 was at an annual rate of 25.5 million metric ...
Jun 24, 2009 ... The Neuss plant has capacity to produce 230000 tonnes of primary aluminium annually but was producing only about 4000 tonnes a month or ...
Jul 3, 2009 ... June 12 - Ormet Corp said it had cut production capacity to five potlines from six as of May 20 at its Hannibal primary aluminium smelter in ...
