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 London Metal Exchange (LME) launched seven new cash-settled futures contracts on Monday, March 11, including contracts on alumina and aluminium premium. The new contracts are launched to attract more business after profits fell last year. London Metal Exchange (LME) announced about the launch...
According to a Reuter’s report, the London Metal Exchange (LME) has announced seven new contracts to be launched on March 11. LME has not been very successful in launching new products and are mostly dependent on its core base metal contracts. LME hopes to boost trading activities in the exchange...
According to a Reuter’s report, Japanese aluminium buyers will pay 17 percent and 19 percent lower imports premiums for January to March, from $103 per tonne in the previous quarter. This marked the second consecutive quarterly drop and the lowest since the fourth quarter of 2016. It is also lower...
According to a Reuters report, trading house Marubeni has projected Japan aluminium premiums to rise towards a range of between US$100 and US$130 a tonne in late 2019 due to tighter global supplies despite Rusal getting back into action. LME aluminium prices sank to a 16-month low on Thursday on...
A Japanese aluminium buyer has agreed to pay a global producer a premium of $85 per tonne over the benchmark price for shipments in January to March, the lowest in more than two years, two sources involved in pricing talks said on Tuesday. That is down 17 percent from a premium of $103 per tonne in...
U.S. tariffs on imported aluminium and steel which has triggered a trade war, has shaken the global markets, easing Asia's supply-demand balance and putting pressure on prices in this region while lifting prices in the U.S. This was further worsened by the sanctions imposed upon Rusal by the U.S.,...
Shanghai Metals Market research found brisk transactions between traders widened spot aluminium premiums in Shanghai on Friday, 16 November 2018. The SHFE 1812 contract rose in the second session of morning after trading rangebound in the first session. Spot premiums in Shanghai stood at RMB30-40...
Shanghai Metals Market research found brisk transactions between traders and the approaching delivery date expanded spot aluminium premiums in Shanghai on Wednesday November 14. The SHFE aluminium contract for November delivery pared earlier losses in morning trades. Premiums stood at RMB20-30 per...
European aluminium industry was reeling under pressure when Trump decided to place strict tariffs on imported steel and aluminium in March. However, a Wall Street Journal report says, European aluminium companies have not yet felt much pain over the tariffs. Imports still account for majority of...
LME aluminium started the week and the new month with a gain and closed at US$ 2047.50 per tonne on October 1. The contract gained further to close at US$2080 per tonne on October 2. Aluminium inventories in London Metal Exchange have been falling at an unforeseen speed. LME on-warrant aluminium...
Premiums for Japanese aluminium shipments for the October to December quarter were set at $103 per tonne, down 22 percent from the previous quarter, as Asian spot premiums fell amid ample supply, four sources directly involved in the pricing talks said. The new premium compares with the $132 per...
Some Japanese aluminium buyers have agreed to pay a global producer a premium of $103 per tonne for shipments in the October to December quarter, reflecting lower spot premiums, two sources directly involved in pricing talks said on Wednesday. The premium is 22 percent lower than the $132 per tonne...
A global aluminium producer has offered Japanese buyers a premium of $159 per tonne for primary metal shipments for the July-September quarter, up 23 percent from the current quarter, four sources directly involved in pricing talks said on Tuesday. Another producer has sought a premium of $160 a...
Japan’s LIXIL Group is worried about the current developments that are taking place in the global aluminium market causing volatility in aluminium prices. The inflated prices driven by the U.S. trade actions and sanctions on United Company Rusal are creating tension in the company. The company,...
Japanese aluminium buyers have agreed to pay producers premiums for supplies of the metal during the second quarter that are 25 percent higher than the first quarter, reflecting surging spot premiums in the United States, five sources directly involved in the quarterly pricing talks said. The two...
Some Japanese aluminium buyers have agreed to pay a premium of $129 per tonne for shipments from global producers in the April to June quarter, reflecting soaring U.S. spot premiums, two sources directly involved in the pricing talks said on Monday. The new premium is 25 percent higher than the...
After having crossed the US$2,200 per tonne mark last Friday, LME aluminium dropped again on Monday, February 27, as nearby aluminium spreads came under intense pressure. The light metal contract closed at US$2,188.50 per tonne, down from US$2,210 per tonne on February 23. Shanghai Metals Market...
Benchmark aluminium price on London Metal Exchange surged significantly after the U.S. Commerce Department recommended implementation of a quota on aluminium imports from specific countries- a 7.7 per cent tariff on aluminium shipped from all countries, or a 23.6 per cent tariff on imports from...
