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...
Grow with
AL Circle
Jul 7, 2009 ... Despite the brief strengthening of aluminum in the second quarter, ... from flat -rolled products and 30.1% from its primary metals business, ...
Jul 14, 2009 ... ???Sharply higher gasoline prices are the primary culprit behind the jump in ... Meanwhile, Alcoa Inc., the largest U.S. aluminum producer, ...
Jul 16, 2009 ... and analytics are derived from primary and secondary research. ..... II-70 Emac Unveils New Line of Aluminum Electric Motors in South ...
Jul 10, 2009 ... Futures and options volumes in Primary HG Aluminium , the Exchange's largest contract, were slightly down to 25160501 lots ??? representing a ...
Jul 15, 2009 ... us that they found it hard to use the peel-push primary pack. ... Major products are aluminium , copper, diamonds, energy (coal and ...
Jul 16, 2009 ... China's primary aluminium output in June was probably 10% higher than in May, and will rise further in July, said a China Nonferrous Metals ...
Jul 13, 2009 ... Spot premiums for primary aluminium ingots for export to Japan edged down to $110-120/mt to London Metal Exchange cash CIF prices, ...
Jul 14, 2009 ... ???Sharply higher gasoline prices are the primary culprit behind the ... the history of the aluminum industry,??? Chief Executive Officer Klaus ...
Jul 17, 2009 ... Primary aluminium prices in China will move higher in the second half of this year thanks to relaxed bank lending and fund involvement in ...
Jul 17, 2009 ... All June carbon anode sales were to CVG Alcasa primary aluminum smelter. Carbonorca has carbon anode installed capacity of 140000 tonnes per ...
Jul 17, 2009 ... "Alumina production in China has been affected by the output cut in primary aluminium in the first quarter," he said at Chinaccm's 4th China ...
Jul 14, 2009 ... Futures and options volumes in Primary HG Aluminium , the Exchange's largest contract, were slightly down to 25160501 lots - representing a ...
Jul 15, 2009 ... Venezuela aluminium output normal despite strike ... around 110 000 tonnes while in 2013, it could reach 150 000 tonnes in primary nickel. ...
Jul 15, 2009 ... McConnell added, "A primary focus since the recession began has been .... Piper manufactures and sells aluminum high pressure cylinders and ...
Jul 15, 2009 ... New AlumaFeedTM Synergic Aluminum Welding System Simplifies Operator ... Miller uses primary power management and conversation technology ...
Jul 15, 2009 ... us that they found it hard to use the peel-push primary pack. ... Major products are aluminium , copper, diamonds, energy (coal and ...
Jul 15, 2009 ... Platts reported that spot premiums for primary aluminium ingots for export to Japan edged down to USD 110 per tones to USD 120 per tonnes to ...
Jul 15, 2009 ... All June carbon anode sales were to CVG-Alcasa primary aluminum smelter. Carbonorca has carbon anode installed capacity of 140000 mt/year ...
