LME aluminium price rises to $3,310/t: Can EGA and Alba repairs bring back 2025 levels?
The London Metal Exchange (LME) aluminium price reported improvements across the pricing and contract segments on the September 7 close, recovering from the downward trend reported at the September 4 session . As the repair and operations stabilise at the facilities of Emirates Global Aluminium...
LME aluminium offer price slips to $3,292.5/t as lower exchange stocks point to tighter availability
LME aluminium prices edged lower on September 4 compared with the previous trading day, while aluminium stocks also declined marginally. The most notable movement was in cancelled warrants, which fell by more than 38 per cent day on day. On September 4, the LME aluminium cash bid price stood at USD...
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Aluminium prices drop across China on rising aluminium stocks; no confirmation on capacity cuts
<p>Discouraging all efforts towards capacity cut, aluminium stocks in China are continuously rising in July and August. SMM statistics showed that aluminium stocks in five major markets, including SHFE aluminium stocks have touched fresh record highs recently.</p> <p style="text-align:...
China A00 Aluminium prices get quick boost on capacity cut rumours, raw material prices follow suit
<p>As expected, the average prices of A00 Aluminium has registered a substantial gain across all major Chinese markets (North, South, North-East and South-West) today based on the news in the market that China Hongqiao Group will shut down 2.6 million tonnes of aluminium capacity before...
Rising aluminium stock hits spot alumina market, average alumina price drops in Central China
<p>In domestic spot market, rising stocks and poor consumption of aluminium is creating uncertainties over the alumina market. Alumina prices are expected to drop if the same situation continues.</p> <p>According to an SMM update, growing pessimism over alumina prices in Chinese market has forced...
LME aluminium yet to find a direction; drops despite a weak dollar and rising crude prices
<p>LME aluminium underperformed compared to other base metals on the last trading day of the week ending July 29. Unable to draw support from a weak US dollar and rising crude oil prices, the light metal fell by 1.61 per cent from its earlier close at US$1,923 per tonne July 27, to US$1,892 per...
Resistance at US$1,917/t likely to check the rally in LME aluminium
<p>LME aluminium has reversed its uptrend this week. The light metal traded globally dropped to US$1,901 per tonne after night trading on Monday, July 17, down from US$1,904 per tonne last Friday, July 14. High inventories in LME registered warehouses and slack demand in the international markets...
LME aluminium jumps nearly 2% on China output cut talks; inventories lowest since 2008
<p>China is literally in the driver’s seat when it comes to aluminium. The giant accounting for the more than 50 per cent of the world’s total production is controlling the dynamics of the entire aluminium market, to say the least. This was once again proven correct when yesterday the...
LME aluminium breaks below key support at $1,891; further drop in forecasts
<p>Rising global inventory and weakening demand in the foreign market seems to have weighed too heavily on LME aluminium. The light metal contract upon failing to draw support from a weak dollar bent under the pressure and settled at US$1,877 per tonne on Wednesday, July 12, down 0.1 per cent from...
Outside China there’s still a lot of aluminium, so any price rise will be jittery
<p>July has seen LME aluminium prices rising above US$1,900 per tonne breaking the downtrend that was conspicuous in May. But, the one-week journey from US$1,908 per tonne to US$1,925.50 per tonne was not free of jitters. The light metal contract touched an intra-week low of US$1,903 per tonne on...
LME aluminium drops, but may rise to US$1,915-1,935/t in the short-term
<p>LME aluminium after staging a reversal last Friday, June 30, has been rising at a fairly steady pace, but the uptrend was interrupted by the metal’s drop. After failing to break a resistance at US$1,933 per tonne LME aluminium tested a support at US$1,908 per tonne and bounced back to...
North America’s shipment of aluminium semi-finished products up in May; forgings and impacts register record growth
<p>According to the latest report from Aluminium Association, aluminium net shipments (including exports) by U.S. and Canadian producers stood at an estimated 2,091 million pounds during May, up 4.5% over the May 2016 total of 2,000 million pounds. Shipments of aluminium mill products increased 6%...
Aluminium demand and apparent consumption up in North America through May 2017
<p>Preliminary estimates from Aluminum Association indicate that aluminium demand in the United States and Canada (shipments by domestic producers plus imports) stood at an estimated 4.5 million tonnes through May 2017, up 3.0 % over the same period in 2016.</p> <p>Demand for semi-fabricated (mill)...
LME aluminium to gain further; Shanghai aluminium falters due to selective buying
<p>LME aluminium is gaining strength. The light metal which has been struggling around US$1,860 per tonne since last 14 days finally seems to be retracing US$1,900 per tonne. Rising by 0.58 per cent from its previous close of US$1,886 per tonne on June 28, LME aluminium settled at US$1,897 per...
India aluminium scrap prices show downtrend on Index; aluminium futures stay flat
<p style="text-align: left;">Major India aluminium scrap commodity prices registered a drop on the Scrap Register Index on Monday, June 26, while aluminium futures prices showed no change at the Multi Commodity Exchange (MCX). The market focus was on rising aluminium supply, higher inventories, and...
LME aluminium slides to new monthly low as oil prices provide little support
<p>LME aluminium is continuing its slide under negative market fundamentals. Crude oil prices are falling globally. Unable to draw support from the key commodity factor, the light metal dived to US$1,855 per tonne after night trading on Monday, June 26, down from US$1,868 per tonne last Friday,...
LME aluminium falls as stocks return to growth, a brief rebound expected shortly
<p>LME aluminium fell from US$1,889 per tonne to US$1,865.50 per tonne after night trading on Wednesday, June 21 as aluminium stocks returned to growth. Unable to hold ground, the light metal shed 1.2 per cent of its brief gain. Shanghai Metals Market forecasts that LME aluminium will fall further...
LME aluminium makes a comeback, but will the price rebound sustain?
<p>LME aluminium after lingering at the same level (US$1,861 per tonne) for two consecutive days jumped to US$1,889 per tonne on Tuesday, June 20. The 1.5 per cent rise from the recent low of US$1,861 per tonne marks a comeback for the light metal which has been trending downward for over a week...
LME aluminium likely to test resistance at US$1,899/t, SHFE aluminium surges on short selling
<p>LME aluminium is finally showing some resilience. The downtrend that has been continuing for seven days at a stretch came to a halt yesterday with the light metal closing at US$1,861.50 per tonne after the night trading on Monday, June 19, marginally up from US$1,861 per tonne on June 16.</p>...
LME aluminium nosedives to US$1,864/t as inventory keeps growing
<p>LME aluminium unable to sustain at US$1,880 per tonne level fell to US$1,864 per tonne on Thursday, June 15. The light metal which edged higher at US$1,886.50 per tonne on Tuesday, June 14, is being weighed on heavily by the growing stocks and slow moving inventory. LME aluminium has come down...
