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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Hammerer Aluminium commissions batch homogenizing plant
Hertwich Engineering from Braunau, Austria recently commissioned another batch homogenizing plant at Hammerer Aluminium Industries in Ranshofen of Austria. The new homogenizing plant is already the second of its kind in the HAI casthouse. Billet diameters from 153 mm to 381 mm and billet lengths of...
Indian Cash Prices saw a 1.8 percent increase
On Aug. 24, 2012, the day’s biggest mover on our aluminum price index was the cash price of primary aluminum, which saw a 1.8 percent increase on the LME to $1,861 per metric ton. After a 1.1 percent increase, the 3-month price of aluminum finished the day on the LME at $1,888 per metric ton. The...
LME and Chinese Aluminum Cash Prices drop further
The cash price of primary aluminum experienced the biggest price decline of the day, dropping 1.2 percent on the LME to close at $1,820 per metric ton on August 3, 2012. Also on the LME, the aluminum 3-month price fell 1.2 percent to $1,854 per metric ton. Meanwhile, the Indian aluminum cash price...
LME aluminum price sees small hike
On July 27, 2012, the day’s biggest mover was the LME aluminum cash price, which saw a 1.4 percent increase to $1,865 per metric ton. On the LME, the 3-month price of aluminum increased 1.4 percent to $1,897 per metric ton. The cash price of primary Indian aluminum changed direction with a 0.8...
Chinese aluminum billet, scrap drops on weekly aluminum price index
Following a 2.2 percent decline, Chinese aluminum billet finished as the week’s biggest mover on the weekly Aluminum Chinese aluminum scrap prices were off slightly, down roughly $40 per metric ton from a week ago. Following a 0.2 percent increase in the week prior, the cash price of Chinese...
Rusal to boost output of Novokuznetsk smelter
United Co. Rusal plans to embark on a modernization program at its Novokuznetsk aluminum smelter which will boost 2012 production to 286,000 metric tons and increase value-added output by 18,000 tons a year from 2013, the company said Tuesday. The project will cost around 170 million rubles ($5.22...
Chinese Aluminum Cash Price up
Weakening prices changed direction when the cash price of primary Chinese aluminum rose 1.1 percent on June 28, 2012. After falling for two days, the price of Chinese aluminum billet rose one percent. For the fifth consecutive day, the price of Chinese aluminum bar held flat. The price of Chinese...
Cash Price Of Chinese Aluminum Sees Small Price Drop
On June 27, 2012, the Chinese aluminum cash price fell by 1.9 percent, making it the day’s biggest mover. Chinese aluminum billet prices saw a 1.9 percent decline. The price of Chinese aluminum bar held steady. The price of Chinese aluminum scrap continues hovering just under $2,600 per metric ton...
Chinese Aluminum Cash Price dropped three percent on June 26
The Chinese aluminum cash price experienced the biggest price shift of the day, dropping three percent to close near $2,500 per metric ton on June 26, 2012. Chinese aluminum billet prices saw a 0.3 percent decline. The price of Chinese aluminum bar held steady in the $2,200 per metric ton range....
Aluminium Billet Production to rise at a Growth Rate of 4.4 Per Cent
The boom in the construction sector is rippling into the aluminium extrudes market for various applications, giving a huge boost to the aluminium billet market. The growing automotive and industrial sectors in Malaysia, Taiwan, Thailand and Vietnam have expanded the market for aluminium profiles...
Chinese Aluminum Billet Price Drops after 3 Flat Days
On June 20, 2012, the day’s biggest mover on MetalMiner’s daily aluminum price index was the price of Chinese aluminum billet, which saw a 0.6 percent decline. This was the first shift after three changeless days. The Chinese aluminum cash price, meanwhile, fell 0.3 percent. The price of Chinese...
Cash price of Chinese aluminum dropped by 0.8 percent
Dropping 1.7 percent on the LME, the aluminum cash price was the biggest mover on our daily aluminum price index on June 19, 2012, closing at $1,881 per metric ton. The aluminum 3-month price saw a 1.5 percent decline on the LME to $1,921 per metric ton. The cash price of primary Indian aluminum...
LME 3-Month Price Down For Third Straight Week
The aluminum 3-month price dropped 0.2 percent on the LME to close at $1,961 per metric ton on June 14, 2012. The LME aluminum cash price weakened by 0.1 percent, settling at $1,923 per metric ton. The cash price of primary Indian aluminum saw little movement on Thursday, closing out below $2 per...
Global Aluminum Price update
On May 30, 2012, the Indian aluminum cash price fell by 0.4 percent, making it the day’s biggest mover on global aluminum markets. The LME aluminum 3-month price showed little movement on Wednesday at $2,019 per metric ton. On the LME, the cash price of primary aluminum saw little change in its...
DUBAL and EMAL shine at US extrusion expo
By exhibiting jointly at the 10th International Aluminium Extrusion Technology Seminar and Exposition ET ’12, held in Miami, Florida mid-May 2012, the UAE’s two primary aluminium producers Dubai Aluminium DUBAL and Emirates Aluminium EMAL have once again successfully promoted their combined...
Chinese aluminum billet price shows 0.6 percent decline
Chinese aluminum billet’s 0.6 percent decline made it this week’s biggest mover on the Aluminum MMI®. The Chinese primary aluminum cash price closed last week after a 0.5 percent drop. Chinese aluminum bar prices held steady from the previous week above $2,200 per metric ton. Chinese aluminum scrap...
Dubal and Emal to shine at 10th International Aluminium Extrusion Technology Seminar and Exposition
The UAE's two primary aluminium producers - Dubai Aluminium 'Dubal' and Emirates Aluminium 'Emal' - will have a joint stand at the 10th International Aluminium Extrusion Technology Seminar and Exposition 'ET '12', which takes place in Miami, Florida, USA, from 15 to 18 May 2012. The ET events, held...
3-Month Price of LME primary aluminum falls 1.2%
On May 9, 2012, the day’s biggest mover was the 3-month price of primary aluminum, which saw a 1.2 percent decline on the LME to $2,063 per metric ton. The cash price of primary aluminum fell 1.1 percent to $2,026 per metric ton yesterday on the LME after two days of no change. The cash price of...
