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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According to a recent report, a global aluminium producer has asked for a premium of $85 per tonne from Japanese buyers for primary metal shipments during the September quarter of 2020. This is 3.7 per cent higher than the current quarter premium, reported three sources directly involved in...
The hardest-hit industrial metals by the COVID-19 epidemic are Aluminium. The London Metal Exchange (LME) reflected the price slammed a four-year low of $1,455 per tonne in April’20 and is brawling to recover, as the last trading marked at $1,525. Inventory has spewed, with 663,475 tonnes of metal...
According to the latest Reuters update, the premium for aluminium shipments to Japanese buyers has been set at $82 per tonne for April to June. The premium is lower by 1.2 per cent from the last quarter, reported sources involved in market pricing. Japan is the biggest importer of aluminium in Asia...
Century Aluminium, on Friday, February 21, announced a 2 per cent quarterly rise in primary aluminium shipments in Q4 2019 and 8 per cent year-on-year growth in the whole of 2019. In Q4, the shipments totalled at 202,870 tonnes compared with 198,543 tonnes in Q3, while that in the entire 2019 came...
According to a recent report, premiums for aluminium shipments to Japan for the first quarter of 2020 have been set at $83 per tonne, down 14 per cent from the fourth quarter of 2019 amid weaker aluminium demand from the electronics and auto sector. This marks the second consecutive quarterly drop....
LME data shows that Warehousing firm ISTIM UK held 35% of aluminium stocks in its LME registered warehouse in Malaysia by the end of November. Reuter reported aluminium stocks in ISTIM’s Port Klang and Johor warehouses increased 213,275 tonnes to 476,846 tonnes in November. Total aluminium stocks...
According to a Platts report, the first quarterly aluminum premium contract (Jan-March 2020) for Japan for the shipment of 1,000 t/month was settled at US$83/t, plus LME cash settlement average of the shipment month on Wednesday. It was confirmed by a western producer and a major Japanese end user....
Brewers and other canned drink makers in the U.S. are pushing the U.S. government to take a stand in determining aluminium price as the key benchmark for aluminium has not dropped much despite the lifting of tariffs. The Beer Institute supported House panel’s call for a Government Accountability...
Amid ample aluminium supplies in Asia and weak demand from the electronic and auto industries, premiums for aluminium shipments to Japan for October to December have been set at $97 per tonne, down 10 per cent quarter-on-quarter. The news came after three sources directly involved in the price...
London Metal Exchange is planning to allow long queues for loading out metal in warehouses. Metal industry analysts believe this will boost profits for LME warehouses by holding metal for longer, but consumers will pay higher costs for metal. Consumers have opposed the change in rules. LME...
According to a Reuters report, one Japanese aluminium buyer has agreed to pay a global aluminium producer a premium of US$97 per tonne over the LME benchmark price for Q4 shipments (October to December), down 10% from Q3. This was confirmed by a source directly involved in price negotiations. It...
According to the Reuters report, a global aluminium producer has offered Japanese buyers a premium of $110 per tonne for primary metal shipments during October-December quarter. This premium is higher by 2 per cent than that in the current quarter. The news came after five sources directly involved...
Craft beer brewers and bottlers are raising questions on the 100% surge in the US aluminium premiums after Trump’s 10% tariffs on imported aluminium. The chairman of Molson Coors Brewing Co. and a bottler for PepsiCo Inc. has already requested the government to investigate the process which is used...
LME Asia Week is staring today, May 7, 2019, at Hong Kong with over 2,000 metals professionals and media converging together. The week will see industry experts discussing a number of topics around precious, base and ferrous metals. Ian Roper, general manager of SMM Singapore said during LME Asia...
As updated by Shanghai Metals Market, downstream consumers showed interest in purchasing spot aluminium in the eastern and southern markets in China this morning as prices of aluminium fell. Spot aluminium in Shanghai mostly trade at RMB13,870 per tonne and RMB13,880 per tonne on Wednesday, March...
Shanghai Metals Market found spot aluminium premiums continuing at the same price today, on March 26, as trades in east China remained muted in the morning. Traders were reluctant in purchasing that primarily accounted for a lacklustre spot aluminium trading. In Shanghai, spot aluminium...
Followed by a breakthrough of RMB 300 per tonne last Friday, spot aluminium premiums in south China extended gains today, on March 25, Shanghai Metals Market found. In Shanghai, premiums over the front-month April contract on Shanghai Futures Exchange hovered between RMB 320 per tonne and RMB 340...
According to Shanghai Metals Market, spot aluminium premiums in Shanghai further widened this morning, on March 19, ahead of a value-added tax cut from next month. Transactions of spot aluminium in Shanghai were mostly heard at RMB 13,880 per tonne to RMB 13,890 per tonne, up by some RMB 90 per...
