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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Ingot inventories drop as production resumes at China Gongyi’s aluminium processing units
<p>The month-long pollution control drive launched in China's Gongyi, Henan Province came to an end earlier this week. The environmental protection team that was conducting inspections left the region letting operations to resume at the local aluminium downstream facilities.</p> <p>Shanghai Metals...
Falling inventories lift LME aluminium; China base metals to keep diverging, says SMM
<p>The rising momentum in LME aluminium is continuing. The light metal which crossed the US$1,900 per tonne mark on Friday last week again rose on Tuesday's night trading to close at US$1,918 per tonne, up 0.52 per cent from its previous day's close of US$1,908 per tonne. Reuters observes LME...
LME aluminium drops further, SHFE aluminium to test support at 60-day moving average
<p>After experiencing a bullish run since the beginning of 2017, LME aluminium dropped below the 40-day moving average for the first time, indicating bearish trends. After dropping down to USD 1,882 per tonne on Monday, March 13, LME aluminium closed at $ 1,851 per tonne on Tuesday, March 14...
China’s Feb alumina import drops; yearly import to shrink after 30% smelter capacity cut
<p>China is sitting on a huge inventory of alumina. Despite the fact that the Chinese government has recently come down heavily on the alumina refineries (and smelters) and mandated that they reduce capacity by 50 per cent in order to support the Centre's fight against pollution, the low-cost...
India aluminium scrap prices climb; aluminium futures settle slightly down
<p>India's major aluminium scrap commodities prices climbed on Monday, while aluminium futures prices at Multi Commodity Exchange settled slightly down.</p> <p>The major aluminium scrap commodities on the Scrap Register Price Index showed an uptrend on Monday. India's major aluminium scrap...
Aluminium product shipments in North America up YoY and MoM
<p>According to the latest report from Aluminum Association, shipments of aluminium powder and paste to domestic markets stood at 6.27 million pounds during January 2017. The number includes imports by domestic producers. This reported an increase of about 12% over the January 2016 total of...
LME aluminium on a downhill slope as crude oil declines; China inventory grows above 1 MT
<p>Aluminium prices on London Metal Exchange continued its journey downward after crude oil displayed a mixed undertone for third day on the back of record inventory rise in the US. The contract closed at US$1,909 per tonne after Friday's night trading, down 1.03 per cent from the previous day's...
Aluminium demand and apparent consumption in the US and Canada up in 2016
<p>According to Preliminary estimates, aluminium demand in the United States and Canada that include shipments by domestic producers plus imports totalled an estimated 13 million tons in 2016, up 2.0 per cent over 2015. Demand for semi-fabricated (mill) products totalled 9.1 million tons, slightly...
Producer shipments of aluminium ingots in U.S. and Canada up 5.8% in 2016
<p>According to Aluminium Highlights published by the Aluminum Association, domestic U.S. and Canadian producers shipped an estimated 1,712 million pounds of aluminium (including export) during December 2016. It registers a 1.9% drop from the December 2015 total of 1,746 million pounds.</p> <p><img...
Global primary aluminium market ends in a 970,000-tonnes deficit in 2016, reports WBMS
<p>According to the data published by the World Bureau of Metal Statistics (WBMS) in their Metals Balances Report for the first eleven months of 2016, the global primary aluminium market recorded marginal deficit during January-November 2016. There was a deficit of 970,000 tonnes compared to the...
LME aluminium down amid weak trading, SHFE aluminium wanes as inventory keeps rising
<p>LME aluminium is back to where it was a fortnight back plummeting at US$1,717 per tonne on Monday, December 19. The contract slid with rising positions and tested the 60-day moving average. Shanghai Metals Market says, LME aluminium will move at the range of US$1,700-1,720 per tonne on Tuesday,...
LME Aluminium meets resistance, SHFE prices to fluctuate at current range
<p>LME Aluminium met resistance after rising for three consecutive days and closed at US$1,749.50/mt on Monday, December 12. Shanghai Metals Market predicts, the contract will move in the range of US$1,725-1,745/mt on Tuesday. <br /><br />The market is now looking ahead to the possible interest...
China aluminium inventories keep growing as shipments recover
<p>Aluminium stocks in China’s five major markets have been rising steadily recently thanks to recovering shipments from northwest China, SMM learned.<br /><br />Besides, inflows of imported aluminium and arrivals of domestic aluminium by trucks have also helped ease supply tightness, SMM...
LME aluminium consolidates after a marginal dip; SHFE raises trading margin
<p>As market recovered from the knee-jerk reaction of the US presidential elections, LME aluminium prices showed some relaxation and came down marginally to trade at US$1,736/mt on Thursday, November 10. But, analysts believe the dip in the lightmetal prices is not going to continue, and they will...
Supply shortage in China keeps driving aluminium prices up globally
<p>LME aluminium prices continue to rise, though at a moderate rate, as active investors watch perplexed as to what is driving the rise because, there are many macroeconomic factors, especially US presidential elections, which are actually expected to keep the market subdued. However, supply...
Aluminium prices to rise further buoyed by Chinese stockpile and supply shortage
<p>LME aluminium prices are on the rise. After having taken a U-turn from last week’s temporary dip, the light metal is now again on an upward trajectory buoyed by growing stockpile in the Chinese market and concern hovering over an available supply shortage. After Friday’s night...
LME warehouse reforms distort aluminium's fundamental picture
<p>Reforms to the London Metal Exchange's global warehouse network have, as planned, cut the amount of metal trapped in storage, but the unintended consequence is a distorted fundamental picture and more pressure on already tumbling volumes.<br /><br />Since 2013, the LME has implemented measures...
LME aluminium drops after a seven-day rise, range-bound trading expected with mixed factors
<p>The entire base metal market including aluminium is on a bullish mode. LME three month aluminium prices are finally jumping on the bandwagon hitting a 15-month high as energy prices rise and demand boosts up.</p> <p>On Tuesday’s night trading, the contract traded on LME dropped marginally...
