Major aluminium producers have offered Japanese buyers premiums of USD 310-325 per tonne for primary aluminium shipments in the October-December quarter. The bar is 18-22 per cent lower than the USD 395 per tonne premium agreed for the current July-September quarter. The premium paid by Japanese...
Canada will raise tariffs on US steel and aluminium to 50 per cent from September 8 as part of a CAD 27.6 billion (USD 19.88 billion) retaliatory package, while Ottawa introduces CAD 7.5 billion (USD 5.4 billion) in support for workers and businesses affected by the trade dispute. Canada will...
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The difference between Japanese and South Korea spot aluminium premiums has reached $20.50/mt, the widest on record since S&P Global Platts launched its South Korean premium assessment in July 2015. On Wednesday, the Japanese spot import premium was assessed at $102-$104/mt plus London Metal...
Buoyed by events in China, the aluminium market is expected to see rapid growth in 2018, according to global energy, chemicals, renewables, metals and mining research and consulting group Wood Mackenzie (WoodMac). In its latest aluminium report, the company highlighted that China supply reforms,...
Japanese aluminium buyers have agreed to pay producers a premium of $103 per tonne for metal shipped in the January-March quarter, reflecting higher spot premiums, five sources directly involved in the quarterly pricing talks said. The deals, an 8 percent to 10 percent rise from the $94-$95 per...
Some Japanese aluminum buyers have agreed to pay some global producers a premium of $103 per tonne for shipments in January to March, reflecting higher spot premiums, two sources directly involved in the pricing talks said on Thursday. The new figure is higher than the $94-$95 per tonne premium in...
A global aluminium producer has offered Japanese buyers a premium of $110 per tonne for primary metal shipments during the January to March period, as much as 17 percent above the current quarter, three sources directly involved in pricing talks said on Friday. Japan is Asia's biggest aluminium...
The London Metal Exchange has laid out the timeline for its plans to reform and reverse declining volumes ahead of an annual gathering of the metals industry in London starting Oct. 30. Discussions during LME Week will range from LME fee cuts to new charges on the use of LME prices for...
Aluminium stocks at three major ports in Japan declined 2.4 per cent month-on-month to stand at 275,900 tonnes by September end, trading house Marubeni Corp reported on Monday. Marubeni collects stock related data from the ports of Yokohama, Nagoya and Osaka. Aluminium stocks (in tonnes) in the...
Some Japanese aluminium buyers have agreed to pay a global producer a premium of $95 per tonne for shipments in the October to December quarter, reflecting lower spot premiums, two sources directly involved in the pricing talks said on Thursday. The new premiums are between 19.5 percent and 20.2...
A global aluminium producer has offered Japanese buyers a premium of $100 per tonne for primary metal shipments during the October to December period, down 15 per cent to 16 per cent from the current quarter, three sources directly involved in pricing talks said on Monday, September 4. Another...
<p>LME aluminium crosses the US$1,900 per tonne level and settles at US$1,904 per tonne after night trading on Wednesday, August 2. The rise from the earlier close of US$1,887 per tonne on August 1 suggests that the light metal is currently on an uptrend. However, Reuters’ technical analysis...
<p>After firming up slightly on support from a weaker dollar and rising crude oil prices on Monday at US$1,904 per tonne, LME aluminium plunged again to US$1,887 on Tuesday, August 1. It plunged below the expected range of US$1,905-1,925 per tonne.</p> <p>As observed by Shanghai Metals Market, LME...
<p>LME aluminium edged higher boosted by the gain in crude oil prices. The light metal, which is still trading below US$1,900 per tonne, closed higher at US$1,896.50 per tonne on Tuesday, July 25, up from its earlier close of US$1,890 per tonne. However, the gain is unlikely to sustain over the...
<p>The recent volatility in LME aluminium prices seems to be extending further. The light metal contract which edged marginally higher at US$1,901 per tonne on Friday, July 21, fell again to US$1,890 per tonne on Monday, July 24. The drop in aluminium prices can also be partly attributed to the US...
<p>LME aluminium failed to hold highs and dropped below US$1,900 even though the dollar index, which measures the U.S. dollar against a basket of six major currencies, moved lower at 95.660. The light metal contract closed at US$1,879 per tonne after night trading on Tuesday, July 11, down 1.8 per...
<p>The uptrend in LME aluminium met with a drop last week as the metal closed at US$1,920 per tonne on Friday, July 7, down 0.28 per cent from its previous close of US$1,925.50 per tonne on Thursday, July 6. US dollar index though posted weekly gains, remains under pressure. So, Shanghai Metals...
<p>LME aluminium seems to have lost its bullish momentum after facing a strong barrier at US$1,933 per tonne. The light metal contract though settled higher at US$1,913 per tonne on Wednesday, July 6, up from its previous close of US$1,903.50 per tonne on Tuesday, July 5, is expected to retest a...
<p>LME aluminium after staging a reversal last Friday, June 30, has been rising at a fairly steady pace, but the uptrend was interrupted by the metal’s drop. After failing to break a resistance at US$1,933 per tonne LME aluminium tested a support at US$1,908 per tonne and bounced back to...
<p>After a four-day falling streak, LME aluminium regained some lost strength and edged higher to US$1,861.50 per tonne on Tuesday, June 27, up from the monthly low of US$1,855 per tonne on Monday, June 26. Oil prices surged two per cent and US dollar index dropped sharply lending some support to...
