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
More than the aluminium prices that have declined to six-year lows, it is the sharp fall in “premiums” that is hurting the big trading houses like Glencore and Noble Group. Commodities trader and miner Glencore recently cited the “tough metals trading conditions, particularly aluminium and nickel...
More than the aluminium prices that have declined to six-year lows, it is the sharp fall in “premiums” that is hurting the big trading houses like Glencore and Noble Group. Commodities trader and miner Glencore recently cited the “tough metals trading conditions, particularly aluminium and nickel...
China imported 15,538 mt of primary aluminum in July, up 118.72% MoM and 10.24% YoY, customs data showed. Year to date imports through July totaled 69,365 mt, down 71.25% YoY. Aluminum premiums in Asia held between USD 100-120/mt. The SHFE/LME aluminum price ratio climbed from 7.0 in May to 7.4-7.5...
Japan’s spot aluminum import premiums were steady at $90-$100/mt plus London Metal Exchange (LME) cash CIF Japan Monday, unchanged since July 28, despite falling premiums in Europe. Spot import trade was absent in Japan despite the strong yen, as the fourth quarter contract negotiations are...
Japanese trading firm Sumitomo Corp has cut its forecast of London Metal Exchange (LME) aluminium prices to $1,800 in the October-December quarter from its January estimate of $2,000 due to rising exports from China and a stronger U.S. dollar. It also lowered its estimate of Japan's aluminium...
The London Metal Exchange (LME) confirmed plans to waive fees for its new aluminium premium and steel contracts from launch on November 23 to December 31, a move the exchange hopes will help boost volumes and liquidity. "During that period the Exchange will not charge any trading or clearing fees...
Anil Agarwal led Vedanta Resources said it is planning to restructure high-cost operations in aluminium segment and has suspended ramp-up at its plant due to volatile commodity market. The mining conglomerate has been facing a challenging environment as global commodity prices are undergoing a...
China imported 7,100 mt of primary aluminum in June, down 51.63% YoY, but up 5.97% MoM, customs data showed. Imports totaled 53,800 mt in H1, plunging 76.31% YoY. Aluminum premiums in Japan fell to a six-year low of around USD 100/mt for Q3 shipment. The SHFE/LME aluminum price ratio climbed to...
Aluminum premiums in Asia have plummeted to $90-100 per tonne from $380 per tonne early this year. Will lower premiums inhibit outflow of aluminum semis from China? SMM sees little immediate impact on Chinese exports. Given saturated domestic market, exports will remain the way out for Chinese...
The earnings performance of metal companies, both ferrous and non-ferrous, is expected to remain lacklustre for the second consecutive quarter because of a decline in steel realisation, increased cost of provisioning for the district mineral foundation fund, and a significant fall in aluminium...
Manufacturers of goods from cars to soda cans are benefiting from declining aluminum costs, a sign that new warehouse rules aimed at loosening the grip of Wall Street banks are having the desired effect. For the past four years, customers have had to wait months and sometimes years to remove...
Japan's aluminium premiums for July-September shipments were mostly set at a six-year low of $100 as swelling Chinese exports piled more pressure on an already swamped market, five sources directly involved in the talks said. The nearly $300 quarterly drop in premiums, the sharpest such decline...
China imported 6,738 mt of primary aluminum in May, down 71.98% YoY, customs data showed. Imports totaled 46,723 mt January-May, plunging 78.01% YoY. The SHFE/LME aluminum price ratio slid from 7.5 in early April to 7.0 in early May, unfavorable for imports. However, imports might rebound in June...
Surcharges for physical aluminum have settled close to equilibrium levels after tumbling by up to three-quarters this year, supported by consumer buying and more attractive conditions for financing deals. Tapering Chinese exports of the metal will also help stabilize surcharges; a glut of aluminum...
LME aluminium contract which was supposed to be launched in November 2015 may fail to serve the purpose as the aluminium premiums are falling at a higher rate. LME aluminium contract was a strategy to withstand rising aluminium premiums and long LME warehouse queues as well as to free the metal...
Aluminium settled up 0.09% at 110.85 gave up it's earier gains after U.S. aluminum premiums have fallen to their Lowest in more than three years as imports and scrap suppLies remain high and merchants unwind Long positions, extending an unprecedented, months-Long rout. The premiums that fabricators...
The London Metal Exchange on Monday said it is launching a new range of aluminum contracts to allow users to protect themselves against rising regional charges that occur in addition to the cost of the metal. The decision is part of a broader strategy by the LME to keep a handle on costs for market...
China's aluminum exports dropped from a four-month high as ample supplies this year depressed premiums paid by buyers in Asia. Shipments of unwrought aluminum and products in May slid 5.7 percent from the previous month to 410,000 metric tons, according to data published by China's General...
