
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...
Grow with
AL Circle

<p>According to a latest Reuters update, Japan's Q3 aluminium premium has dropped to $118-119/t. July –September premiums have registered a drop first time in 3 quarters. Producers have initially proposed $123-128/t. Now, with the drop in premium, Japanese aluminium buyers will pay up...

<p>LME aluminium is showing mild uptrend. The light metal upon failing to break a support zone of US$1,862.50-US$1,871 per tonne, closed at US$1,872 per tonne on Thursday, June 22, marginally up by 0.34 per cent from its previous close of US$1,865.50 per tonne.</p> <p>Reuters’ technical...

<p>LME aluminium after falling for six days at a stretch settled slightly higher at US$1,886.50 per tonne after night trading on Wednesday, June 14, from the earlier close of US$1,877 per tonne. However, the ‘spike’ does seem to be extending into a ‘rise’ since fundamentals...

<p>The downtrend in LME aluminium is continuing. The light metal breached last week’s low of US$1,887 per tonne to close at US$1,877 per tonne after night trading on Tuesday, June 13. A broker at Marex Spectron said that the next support level for LME aluminium was at US$1,862.50 per...

<p>LME aluminium is nearing a strong resistance at the five-day moving average. The light metal traded globally dropped marginally to US$1,902.50 after night trading on Thursday, June 8, from US$1,903.50 per tonne on Wednesday, June 7. </p> <p>Shanghai Metals Market (SMM) suggests that LME...

<p>LME aluminium partially recovered its recent losses and edged higher at US$1,903.50 per tonne on Wednesday, June 7. The 0.55 per cent rise in aluminium prices on the global bourse from the previous day’s close of US$1,893 per tonne is seen as a transitory turnaround by the analysts which...

<p>A producer and a Japanese buyer agreed to set the third-quarter premium for aluminium imports into Japan at $119 per tonne plus LME cash CIF Japan, down from $128 per tonne for Q2, several parties involved in the talks said Monday.</p> <p>The agreement was for P1020/P1020A aluminium ingot for...

<p>After plunging to US$ <span>1,919.50</span> per tonne on Wednesday, May 31, LME aluminium gained a little to close at US$ 1,930 per tonne on Thursday, June 1. According to an SMM analysis, LME aluminium will continue struggling around moving averages and move between USD 1,920-1,940/t...

<p>After closing down at US$ 1943.50 per tonne on Tuesday, May 30, LME aluminium plunged further to close at US$ 1,919.50 per tonne on Wednesday, May 31. According to an SMM analysis, LME aluminium will move between USD 1,920-1,940/mt today, with strong resistance at the 5-day and 10-day moving...

<p>A global aluminium producer has offered Japanese buyers a premium of $123 per tonne for July-September primary metal shipments, down 4 percent from the current quarter, four sources directly involved in pricing talks said on Monday.</p> <p>Another seller has sought premiums of $128 a tonne, flat...

<p>After touching the highest for the month at US$1,954 per tonne on Thursday May 25, LME aluminium has plunged slightly low to close at US$1,950 per tonne on Friday, May 26. LME aluminium may rise during the Dragon Boat festival holiday, which will allow SHFE 1707 aluminium to rise as well after...

<p>LME aluminium reversed the temporary drop and regained its upward momentum as the US dollar index weakened further after the release of not-so-inspiring Fed’s May policy meeting minutes. The light metal traded globally closed at US$1,944 per tonne on Wednesday, May 24, rising 0.93 per cent...

<p>LME aluminium has picked up the pace. The light metal which was trending low a week ago has gained momentum on news that the OPEC countries may extend their oil output cut agreement. LME aluminium rose 0.25 per cent from its previous close of US$1938 per tonne to close at US$1,943 per tonne on...

<p>LME aluminium ended last week on a high. The light metal traded globally jumped to US$1,938 per tonne on Friday, May 19, the highest in the month so far. The 1.73 per cent rise in LME aluminium price from the previous close of US$1,905 per tonne can be partly attributed to the weak US dollar...

<p>LME aluminium gave up its recent gains and dropped to US$1,905 per tonne Thursday, May 18, from its previous peak at US$1,928 per tonne on May 17. The light metal traded globally finds a strong support at US$1,900 per tonne. Shanghai Metals Market (SMM) forecast says LME aluminium price...

<p>LME aluminium is inching higher through at a ‘cautiously moderate’ pace. The light metal traded globally closed at US$1,928 per tonne on Wednesday, May 17, up 0.67 per cent from its previous close of US$1,915 per tonne on Tuesday, May 16. LME aluminium gathered support partly from...

<p>LME aluminium finally broke the downtrend it was tracing of late by closing at US$1,899.50 per tonne on Monday, May 15. The light metal traded globally rose further by 0.8 per cent to close at US$1,915 per tonne on Tuesday, May 16. Reuters’ technical analysis suggested that LME...

<p>LME aluminium gave up its marginal gain last week and dropped to US$1,880 per tonne after night trading on Friday, May 12. The 0.37 dip was caused due to oversupply issues looming large over global aluminium market. According to Shanghai Metals Market (SMM), LME aluminium will perform...