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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Aluminum net shipments in the U.S. and Canada rise YOY in September
<p>According to an Aluminum Association estimate, Aluminum net shipments (including exports) by domestic U.S. and Canadian facilities totalled an estimated 2,027 million pounds during September. This recorded a 2.3 per cent increase YOY over the September 2015 total of 1,981 million pounds.</p>...
LME aluminium to keep rising momentum after touching new highs last week
<p>Aluminium traded on London Metal Exchange is showing extreme volatility. The contract after rising for six days in a row surged to peaks not seen since July last year during Friday’s trading. LME aluminium was 0.4 per cent higher at $1,705.50 a tonne, having peaked at $1,709.50. It finally...
LME aluminium rises on inventory decline in China’s key consuming regions
<p>Aluminium traded on London Metal Exchange rose on Thursday's night trading to close at US$1,681.50/mt. Analysts at the Shanghai Metals Exchange attributed the rise to the inventory decline in China's major consuming regions. The contract traded on Shanghai Metals Exchange opened at US$2,195 on...
Aluminium mill product orders in North America up 1.6% YTD in September; drops MOM
<p>The Aluminium Association’s “Index of Net New Orders of Aluminium Mill Products” for September dropped 5.6 per cent from the previous month. As a whole, new order for all aluminium mill products saw a drop in the U.S. and Canada month on month. Orders for flat roll products...
China aluminium stocks to remain at multi-year low, SMM expects
<p>Aluminum stocks in China’s five major markets fell for two consecutive weeks and will remain near multi-year low for the foreseeable future, SMM predicts.<br /><br />SMM attributes the recent decline to low shipments from northwest China, especially Xinjiang. It is estimated that over...
LME aluminium nose-dives to a 2-week low; MCX aluminium rises 0.13% on spot demand
<p>Aluminium prices slipped to two-week lows on Monday weighed on by worries about Chinese producers restarting operations and adding to the metal glut being created by remelting of semi-finished products.<br /><br />Benchmark aluminium on the London Metal Exchange was down 1.4 per cent at $1,652 a...
China aluminium stocks grow slow after Chinese National Day holiday: SMM
<p>After the weeklong Chinese National Day holiday, The Chinese market started moving. After the smelters resumed operations, Aluminium stocks in China’s five major markets started growing. However, SMM observed that the growth was much lower compared to the past years of aluminium...
Aluminium retreats amid concerns over supply, China output
<p>Aluminium prices hit two-month highs before retreating on profit-taking as the spotlight returned to oversupply and expectations of rising output in China. Benchmark aluminium ended down 0.7 per cent at $US1679 a tonne. The metal used in transport and packaging had earlier touched $US1693, it...
Primary aluminium ingot inventory in China to decline further in 2016, CRU observes
<p>According to a recent CRU analysis by consultant Yanchen Wang, there are considerably more primary aluminium ingot stocks in the Chinese market than implied by the reported stocks- an index reflective largely of ingot stocks at SHFE warehouses and other registered sheds. Stocks will be held at...
China aluminium stocks soar after holiday; SHFE aluminium set for further gains
<p>Aluminium stocks in China’s five major markets increased significantly after the weeklong Chinese National Day holiday, SMM data showed.<br /><br />Aluminium ingots kept arriving during the holiday, while consumption came to a virtual standstill, causing stocks to surge after the holiday,...
U.S. and Canada made a net aluminium shipment of 15,854 million pounds through August 2016
<p>According to the preliminary estimate of The Aluminum Association, for the month of August, U.S. and Canada shipped 463.0 million pounds of Aluminium Extruded Products (extruded shapes, pipe & tube, and rod & bar). This is an increase of 4.3 per cent over the August 2015 total of 444.1...
China aluminium stock drops drastically; LME aluminium to find support at $1,630-1,700/tonne
<p>In a positive note, aluminium stocks at the five major markets in China namely Shanghai, Wuxi, Nanhai, Hangzhou and Gongyi fell drastically this past one week, an SMM report says. <br /><br />The table below shows the drop in stocks in the mentioned markets.<br /><br /><img...
China aluminium update: Prices to stay volatile as trading inventories grow
<p>Base metal prices on the SHFE are expected to be volatile on Tuesday, Shanghai Metals Market foresees. LME aluminium will fluctuate between USD 1,650-1,670/mt today. SHFE 1611 aluminium will move between RMB 12,400-12,600/mt as trading inventories grew, with spot premiums between RMB 430-470/mt....
North America’s primary production slightly off in August 2016
<p>The Aluminum Association, in cooperation with the Aluminum Association of Canada, reported primary aluminum production in North America (U.S. and Canada) was at an annual rate of 3,950,675 tonnes during August 2016, down 17,013 tpy (-0.4%) from the July 2016 rate of 3,967,688 tonnes.<br /><br...
Rusal expects aluminium prices to stabilize within a range of $1,600-1,700 per tonne
<p>Reuters Russia Investment Summit in Moscow drew a number of prominent figures from the most important industries in Russia and the globe. During the summit, Rusal, the aluminium major and a major player in Russian economy forecasted that aluminium prices would stabilise within a range of...
Aluminium stocks in Japan down 0.6% on-month in August
<p>According to data sourced from three major ports in Japan, aluminium stocks in the country slid 0.6 per cent month-on-month to stand at 304,200 tonnes at the end of August 2016, Marubeni Corp reported on Friday.<br /><br /><img style="vertical-align: middle; display: block; margin-left: auto;...
Huge aluminium stockpile discovered in Mexican desert: U.S. sees a Chinese connection
<p>As reported by the Wall Street Journal, two years ago, a California aluminium executive commissioned a pilot to fly over the Mexican town of San José Iturbide, at the foot of the Sierra Gorda mountains, and snap aerial photos of a remote desert factory.<br /><br />He made a startling...
Japan aluminium buyers to turn to spot markets, could crimp annual contracts
<p>Japanese aluminium buyers are looking to crimp the amount of the metal they purchase via annual contracts, instead turning to spot markets where premiums have in recent months dropped to their lowest in over seven years amid a persistent supply glut.<br /><br />Most aluminium buying by Asia's...
