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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Spot alumina prices drop in major Chinese markets; A00 ingot follows the downtrend
<p>Alumina prices in China declined slightly after a recent rise. Alumina market participants were enthusiastic driven by falling alumina prices restocking their inventories.</p> <p style="text-align: center;"><img style="vertical-align: middle;"...
LME aluminium drops to find next support at US$1,862.50/t, supply hits highest since May 8
<p>The downtrend in LME aluminium is continuing. The light metal breached last week’s low of US$1,887 per tonne to close at US$1,877 per tonne after night trading on Tuesday, June 13. A broker at Marex Spectron said that the next support level for LME aluminium was at US$1,862.50 per...
China A00 aluminium ingot prices drop on softening consumption, stocks keep growing
<p>The prices of A00 aluminium ingots in China major consumer markets are trending low today on June 13. A00 Aluminium Ingot (North China) price ranges at RMB 13,590-13,610 per tonne with the average price standing at RMB 13,600 per tonne, down 0.22 per cent from its previous price. The price of...
Aluminium net shipments in North America drop in April 2017
<p>According to the latest report from Aluminum Association, aluminium net shipments, including import by domestic U.S. and Canadian producers totalled an estimated 954000 tonnes during April, down 3.1% from the April 2016 total of 984500 tonnes.</p> <p style="text-align: center;"><img...
US Primary aluminium production in March 2017 up 11% MoM; but, down 19% YOY
<p>According to the recently published USGS Mineral Industry Survey for Aluminium in March 2017, domestic primary aluminium production in March 2017 was 63,000 tons, up 11% in comparison to February 2017, but down 19% YOY and 56% less than the production in March 2015. The average daily production...
LME aluminium breaks above US$1,890 resistance, may gain further
<p>LME aluminium finally broke above the resistance zone of US$1,890-1,892 per tonne and closed higher at US$1,899.50 per tonne after night trading on Monday, May 15. Shanghai Metals Market forecasts that the light metal traded globally will keep moving in the range of US$1,890-1,914 per tonne on...
Spot alumina prices in China drop below national average; Chalco prices remain firm
<p>Alumina prices in China declined below the average national cost price. Aluminium producers and traders have been into active purchasing. Alumina market participants were enthusiastic driven by falling alumina prices. Some aluminium enterprises restocked their inventories.</p> <p><img...
Scarcity of pitch and coke may hit aluminium production in Nalco
<p>According to a media report from Odisha, National Aluminium Company (Nalco) has feared scarcity of pitch and coke, two essential raw materials of aluminium smelting in last fifteen days may affect production in the coming days.</p> <p><img style="vertical-align: middle; display: block;...
LME aluminium ends week down on oversupply issues, may inch up within limits
<p>LME aluminium gave up its marginal gain last week and dropped to US$1,880 per tonne after night trading on Friday, May 12. The 0.37 dip was caused due to oversupply issues looming large over global aluminium market. According to Shanghai Metals Market (SMM), LME aluminium will perform...
Global glut and plunging crude oil prices continue to keep lid on LME aluminium
<p>The global surplus of aluminium and the recent bottoming out of global crude oil prices have already dragged LME aluminium prices down below the US$1,900 per tonne level. The light metal contract traded globally closed at US$1,874 per tonne on Tuesday, May 9, down 0.26 per cent from its previous...
High China aluminium ingot stocks could be the new normal
<p>Aluminium ingot stocks in China major markets will continue to keep rising in the short to medium term, Shanghai Metals Market (SMM) predicted after surveying warehouses in Shanghai, Wuxi, Nanhai, Hangzhou and Gongyi.</p> <p>The rise in aluminium ingot stocks is striking because of the fact that...
Aluminium demand in North America up in the first two months of 2017
<p>According to preliminary estimates by the Aluminum Association aluminium demand in the United States and Canada that includes shipments by domestic producers and imports stood at an estimated 2.1 million tons for the first two months of 2017, up 2.0% over the same period of 2016. Demand for...
China alumina price fall yet to ring alarm bells for domestic producers
<p>Alumina price in China major markets have been falling of late; yet the price fall is not that steep to pinch hard the 'big' producers at their bottomlines, Shanghai Metals Market thinks.</p> <p>China alumina prices are currently trending below the highest cost of production causing small and...
RUSAL’s Q1 2017 aluminium sales grow 6.8% QoQ as inventory moves fast
<p>The leading global aluminium producer United Company RUSAL Plc announced its first quarter 2017 operating results on a high note. The company's Q1 2017 aluminium sales totalled 985 thousand tonnes, up 6.8 per cent from the previous quarter. Value added product (VAP3) sales rose by 7.8 per cent...
LME aluminium poised to regain strength and 'possibly' outshine SHFE aluminium
<p>LME aluminium prices remained fairly unchanged over the weekend. The lightmetal contract closed the week at US$1,932.50 per tonne on Friday, April 21, marginally down by 0.02 per cent from its previous close of US$1,933 per tonne. The US dollar index, which fell on Friday supporting LME...
China readies to step up its aluminium semis export as prices rise high
<p>China is readying to step up its aluminium semis exports in the coming quarters to leverage on the positive manufacturing climate globally, reported industry sources. The world’s largest aluminium consumer and a significant contributor of the global total metal production, China is...
March 2017 finds LME aluminium hitting a two-year high since Dec 14
<p>The sustained rise in LME aluminium prices met with an end-of-the-week halt as the contract came down from its yearly high at US$1,981 per tonne on Thursday, March 30 to close at US$1,946 per tonne on Friday, March 31. The day marking the end of the FY2016-17 financial year for many companies...
China aluminium inventories fall; Q2 aluminium premium surges two-year high
<p>Aluminium ingot inventories in China major markets dropped for the first time after the 2017 Chinese New Year Holiday, reported Shanghai Metals Market. The total aluminium inventories in five key trading hubs fell 4,000 tonnes last week, SMM survey data showed.</p> <p>The shrink in inventory,...
