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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Aluminium buyers in Japan, Asia’s top importer, have settled on a premium that’s as much as 23 percent lower for the July quarter, as rising output swells a global glut of the lightweight alloy. The premium for the three months starting July 1 will drop to $90 a metric ton from $115-$117 a ton in...
The global metal packaging industry has shown some signs of revivals as aluminium premium and tinplate prices have softened, though the market has still not been fully out of doldrums. Matured metal packaging markets exhibited stable growths at low levels, while emerging markets benefited from...
While London Metal Exchange warehouse queues have all but disappeared the even better news is physical delivery premiums have dropped back closer to historically lower levels and more importantly taken on a flat, stable pattern. As analysts point out, the reasons for the unusual spike in physical...
Aluminium stocks held at three major Japanese ports climbed for the first time in nine months in May due to an increase in imports and softer demand at home. The increase comes as global aluminium producers and Japanese buyers negotiate premiums for July-September primary metal shipments. Japan is...
Japan’s spot aluminium premiums are steady at $80-$90/mt in thin trading. Platts assessed spot aluminium premiums for imports into Japan at $80-$90/mt plus LME cash CIF Japan Monday, unchanged from May 30 in thin trading against the backdrop of third-quarter contract premium negotiations. An...
Top aluminium producers have offered Japanese buyers premiums of $100-110 per tonne for July-September primary metal shipments, down 4-15 percent from the previous quarter, three sources directly involved in pricing talks said on Tuesday. Japan is Asia's biggest importer of aluminium and the...
In China’s spot aluminum market, spot premiums will narrow to RMB 0-40/mt over SHFE 1606 aluminum contract today. US May non-farm payrolls grew at its lowest in nearly six years, dampening chance for rate hike in June. LME aluminum will move at USD 1,540-1,570/mt today. SHFE 1607 aluminum...
Caution will dominate before the release of China May manufacturing PMI. SHFE 1607 aluminium will move narrowly between RMB 12,000-12,300/mt today. LME aluminum will fluctuate at USD 1,540-1,565/mt, with growing resistance. In China’s spot aluminium market, spot premiums of RMB 80-120/mt are...
SMM surveyed 44 Chinese aluminum smelters about their opinions over aluminum price outlook. About 45% of them expect SHFE 1607 aluminum to break through RMB 12,350/mt and LME aluminum rise above USD 1,560/mt. First, new aluminum capacity is commissioned at a slow pace. Smelters with plans to resume...
A mountain of aluminium that upset beer makers and drew the attention of the U.S. Senate is no more. Inventories held in London Metal Exchange-tracked warehouses in Detroit, where most U.S. metal is stored, were as large as 1.6 million metric tons two years ago. Now they’re a fraction of that...
Some Japanese aluminium buyers have agreed to pay a premium of $115 per tonne for primary metal to be shipped in the April-June quarter, three sources directly involved in the quarterly pricing talks said. The deal, reached with one global metal producer, marks a 4.5 percent rise from a $110 per...
CME Group is expanding its base metals offering with the introduction of a new Aluminium European Premium Duty-Paid (Metal Bulletin) futures contract to begin trading on 21 March, 2016. Pending relevant regulatory review periods, the new contract will be available for trading on CME Globex, for...
Some big aluminium producers are seeking a premium of $125-$130 per tonne from Japanese buyers for April-June primary metal shipments, up 14 per cent to 18 per cent from the previous quarter, four sources involved in pricing talks said on Monday. Japan is Asia's biggest importer of the metal and...
Japan's aluminium premiums will likely rise to $120-$130 per tonne over April-June from the current quarter's $110 per tonne as falling imports are trimming local inventories, Japanese trading house Sumitomo Corp said on Friday. Japan is Asia's top aluminium importer and the premiums it agrees to...
Although other base metals made new lows in January, aluminium prices held steady. The aluminium MMI fell only one point to 71. What didn’t fare well in January was Alcoa‘s stock price, which fell sharply to its lowest level since March 2009. Lower aluminium prices where the main cause driving the...
CME Group has logged the first trades in its Japan aluminium premium contract, data from the exchange showed on Monday, just days after the industry hammered out the first quarter premiums for Asia's biggest importer of the metal. The trades, coming in the wake of the quarterly industry...
Japan's aluminium premiums for January-March shipments were set at $110 per tonne, up 22 percent from the previous quarter, on higher overseas rates, six sources directly involved in the talks said. The deal, which marks the first increase in four quarters and a rise from a $90 per tonne premium...
Aluminium settled up 0.2% at 100.35 despite of concern about market surpluses. Japanese aluminium buyers have agreed to pay producers a premium of $110 per tonne for metal to be shipped in the January-March quarter. Japan is Asia's biggest importer of aluminium and the premiums for primary metal...
