China aluminium ingot inventory falls to 850,000 tonnes as expected at end-August; what is the September destocking outlook?
Inventory overview: 850,000 tonnes arrives as expected; destocking pace slows marginally China’s aluminium ingot social inventory fell steadily from a phase high of 1.13 million tonnes in early July, with destocking of more than 170,000 tonnes in July alone. In August, the pace of destocking slowed...
Aluminium billet inventory drops to 139,500 tonnes, warehouse withdrawals recover, processing fees under pressure across the board
Aluminium billet inventory fell to 139,500 tonnes, warehouse withdrawals recovered and processing fees were broadly under pressure. According to SMM statistics, China's aluminium billet inventory in major consumption areas recorded 139,500 tonnes on August 27, down 5,000 tonnes from last Monday and...
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Aluminum MMI®: Indian Primary Aluminum Price Rises 8.1% for the Week
The biggest mover on the weekly Aluminum MMI® was the Indian aluminum cash price, which saw a 8.1 percent increase. This comes on the heels of a 5.0 percent decline the week prior. The primary aluminum cash price rose 5.5 percent on the LME to $1,886 per metric ton after falling 4.4 percent during...
Primary aluminum price support shaky as monthly index holds steady
The monthly Aluminum MMI® registered a value of 93 in May, on par with April’s value. In fact, only the cash and 3-month LME aluminum prices fell from one month ago, whereas Chinese billet, bar and scrap saw modest increases. “Aluminum likely remains range-bound as absent any dramatic drop-off in...
CRU launches Aluminium Casthouse Shapes Market Outlook
CRU, independent commodity industry analysts and management consultants in the global metals, mining and fertilizer industries, has launched their Aluminium Casthouse Shapes Market Outlook, a resource for forthcoming developments in the industry. CRU's Aluminium Casthouse Shapes Market Outlook...
China aluminum billet price jumps up 2.1%
On Tuesday, April 23, Chinese aluminum billet jumped up 2.1 percent, making it the day’s biggest increase. The cash price of Chinese aluminum fell 0.2 percent. The price of Chinese aluminum bar was unchanged. The price of Chinese aluminum scrap remained essentially flat. On the LME, the primary...
Indian, Chinese, and LME aluminum prices at odds
The cash price of primary Indian aluminum saw a 1.2 percent drop on April 11, 2013, making it the biggest mover of the day on MetalMiner’s price index. On the LME, the cash price of primary aluminum rose 1.0 percent to $1,878 per metric ton. On the LME, the aluminum 3-month price gained 0.9 percent...
Chinese aluminum billet prices up by 0.7%
Following a two-day flat streak, the price of Chinese aluminum billet climbed by 0.7 percent on March 21, 2013. The cash price of Chinese aluminum increased 0.3 percent. The price of Chinese aluminum bar held steady. The price of Chinese aluminum scrap saw little movement. The cash price of primary...
Indian, Chinese Aluminum Prices Weaken on Daily Index
With a decline of 1 percent on March 1, 2013, the Indian aluminum cash price recorded the biggest decline of the day. On the LME, the primary aluminum cash price showed little movement last Friday, hovering around $1,971 per metric ton. On the LME, the 3-month price of aluminum saw little movement...
Pennex to lease part of ILSCO’s aluminum plant
ILSCO Extrusions Inc. and Pennex Aluminum said Friday the two companies reached a long term agreement for Pennex to lease the aluminum billeting operation at ILSCO’s Sugar Grove Township plant. Terms of the deal, including the length of the agreement or the financial arrangements, were not...
Extruders have excess aluminum billet: sellers
Aluminum billet consumers have started the new year with excess material on the floor after they purchased extra billet in 2012 in case labor contract talks at Alcoa Inc.'s Aluminerie de Becancour (ABI) smelter in Quebec turned sour. Few 2013 spot deals have closed as a result, keeping premiums...
Chinese Aluminum Billet Price Rises 0.7%
Chinese aluminum billet saw the biggest upwards shift for the day, rising 0.7 percent on Dec. 26, 2012 The Chinese aluminum cash price remained essentially flat. The price of Chinese aluminum bar continues hovering in place for the fifth day in a row. The price of Chinese aluminum scrap remained...
LME Prices Rise on Daily Global Aluminum Index
The 3-month price of aluminum saw the biggest increase at 1.4 percent on the LME, finishing at $2,134 per metric ton for Dec. 12, 2012. Also on the LME, the primary aluminum cash price increased 1.4 percent to $2,130 per metric ton. The cash price of primary Indian aluminum finished the market day...
Big Jump for LME Aluminum Spot Price For the Week
Closing at $2,094 per metric ton on the LME, a 5.1 percent increase made the aluminum cash price the biggest mover on the weekly Aluminum MMI®. Also on the LME, the aluminum 3-month price rose 4.7 percent last week to $2,092 per metric ton. The Indian aluminum cash price rose 1.8 percent this week,...
China Aluminum, Copper Prices Up in Base Metal Market
The aluminum 3-month price saw a 0.6 percent drop on the LME on Nov. 19, 2012, landing at $1,942 per metric ton and making it the biggest mover of the day on MetalMiner’s aluminum price index. The primary aluminum cash price weakened by 0.5 percent on the LME, settling at $1,921 per metric ton. The...
Aluminum billet market upbeat on 2013
Aluminum billet producers and consumers are fairly upbeat heading into year-end as most of their 2013 contract business is booked and demand is expected to remain reasonably robust next year on the back of strong automotive markets and a recovering building and construction sector. Tight supply has...
Chinese Aluminum Billet and Indian Cash Prices Drop
On Oct. 29, 2012, the cash price of primary Indian aluminum fell by 1 percent, making it the day’s biggest mover on MetalMiner’s aluminum price index (http://metalminerindx.com/). On the LME, the aluminum 3-month price declined 0.6 percent to $1,925 per metric ton. The cash price of primary...
Aluminum producers seek 30-70% hike in 2013 billet upcharge to Japan
Producers of primary aluminum billet have offered Japanese buyers a 30-70% hike in the 6063 billet upcharge for 2013 term contracts, from $150/mt for 2012, sources in negotiations said Monday. Negotiations between Japanese rolling mills, trading houses and overseas aluminum billet producers for...
LME Aluminum Price Switches Direction on Daily Index
The cash price of primary aluminum fell 2.2 percent on Oct. 23, 2012 to $1,932 per metric ton on the LME, making it the day’s biggest mover on our price index. The aluminum 3-month price closed at $1,962 per metric ton, a 1.9 percent drop. Meanwhile, the Indian aluminum cash price weakened by 1.1...
Aluminium production ends at Kurri smelter
ABC reported that 4 decades of aluminium production officially ends at the Kurri Kurri smelter when the last aluminium billets are cast. The smelter has been gradually winding-down since Norsk Hydro announced the closure around 6 months ago with the loss of around 450 jobs. By the end of the year...
