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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Estimated aluminium shipment in U.S. and Canada down 5.8 % YOY in July
<p>According to an Aluminum Association estimate, aluminium net shipments (including exports) by domestic facilities from U.S. and Canada facilities stood at 1,752 million pounds during July, which dropped 5.8 per cent from the July 2015 total of 1,860 million pounds. Shipments of aluminium mill...
China markets witness the biggest aluminium stock rise in five months
<p>Aluminium stocks in five major markets of China soared 53,000 tonnes in August, the biggest growth trend in nearly five months, showed statistics provided by the Shanghai Metals Market (SMM).<br /><br />According to the analysts, the new and restarted aluminium smelters will keep adding to the...
LME aluminium headed for further declines, but SHFE aluminium to remain buoyed
<p>Aluminium contracts traded on London Metal Exchange (LME) will continue its decline this week, whereas SHFE aluminium will likely swing widely, predicted analysts at Shanghai Metals Market (SMM).<br /><br />According to SMM, LME aluminium should be down somewhere in the range of US$1,580-1,650...
China aluminum: Wide price gap keeps imports at bay
<p>A wide spread between import and domestic aluminum prices continued to keep Chinese buying interest at bay in August, despite premiums falling over the month, market participants said.<br /><br />S&P Global Platts assessed the aluminum spot premium delivered to Japan at $66-$74/mt plus LME...
Chalco continues raising aluminium prices in major markets on Aug 19
<p>China Aluminum International Trading Co. (Chalco Trading) raised aluminium prices it offered in major markets further today, it said on its WeChat. <br /><br />For details, please see the table below: <br /><br />Unit: yuan/tonne <br /><br /><img style="vertical-align: middle;...
Aluminium jumps 9% in Jan-Aug; investors should maintain long positions
<p>After a dismissal performance last year, aluminium managed to gain around 9 percent in the first eight months. The increase in demand is attributed by two factors, demand in China and demand from automobile industry. Sharp fall in inventories has also been blessing for aluminium.<br /><br...
64% Chinese aluminium smelters see aluminium prices stabilize this week
<p>SMM surveyed 44 Chinese aluminium smelters about their opinions over aluminium price outlook. About 64 per cent of them expect SHFE 1610 aluminium to stabilize between RMB 12,200-12,350/mt and LME aluminium between USD 1,630-1,655/mt. Aluminium stocks in domestic five major markets continued...
China aluminium stocks record biggest growth since mid-March
<p>Aluminium stocks in China’s five major markets began growing for the second time in nearly five months and saw their biggest weekly growth since mid-March, SMM data showed.<br /><br />It needs to be pointed out, though, that total stocks remain the lowest since March 2009 and down as much...
Falling aluminium inventories supporting LME and SME aluminium
<p>As a standard reflection of dropping aluminium inventories dropped in LME warehouses as well as Shanghai Futures Exchange, aluminium prices have been showing an upward trend with the LME closing at $ 1,645 and SME closing at $ 1,908 on August 1. Aluminium prices climbed signaling tighter...
Aluminium consolidating recent gains; prices encountered resistance at $1,638
<p>Aluminium is consolidating, having failed to find follow-through buying momentum above $1,640 yesterday, as implied by the long upper shadow.<br /><br />Prices have encountered resistance from the 20 DMA at $1,638 but are so far holding support at $1,630 from the 40 DMA and the UTL formed by...
North American aluminium net shipments up 2.6% YoY in June 2016
<p>According to the Preliminary estimates by Aluminium Association for the month of June 2016Al, aluminum net shipments including exports by domestic U.S. and Canadian plants were 2,013 million pounds during June recording a rise of 2.6% over the June 2015 total of 1,961 million pounds. Shipments...
SHFE aluminium to swing widely and outperform LME aluminium this week
<p>Manufacturing PMIs in China and major economies in the euro zone are expected to change little in July from June. LME aluminium will test resistance at the 20-day moving average and move at USD 1,630-1,650/mt. LME aluminium is unlikely to get rid of weakness, while SHFE aluminium will get...
Falling aluminium stocks and semis export in China: is it going to help the white metal?
<p>According to the data released by the General Administration of Customs, China's total exports of unwrought aluminium and aluminium semis were 380,000 mt in June. This represents a YoY decline of 15.4%. Chinese aluminium exports have fallen about 9% YoY in the first six months of 2016.<br /><br...
Aluminium stocks in China still in downward track, SMM says
<p>Aluminium stocks in China’s five major markets are still on the decline even after touching 7-year low, SMM data showed. <br /><br />Arrivals remained low, and warehouse withdrawals were relatively strong, SMM learned. Some smelters said there are a large amount of ingots still on...
China aluminium stocks to see turning point falling after hitting 7-year low
<p>Aluminium stocks in China’s five major markets continued falling after hitting their lowest in seven years, but a turning point is in sight, SMM understands.<br /><br />Heavy rains along the middle and lower reaches of the Yangtze River earlier are leaving some ingots still on the way,...
Chinese aluminium sector’s restart seen focused on Q4: trade body
The restart of mothballed aluminium smelting capacity in China will likely be concentrated in the fourth quarter when the current slack domestic buying season is over, the China Aluminium Association said. Falling refined aluminium prices last year led to many smelters in China halting production...
Aluminium price gains to hold their ground as stocks hit nearly 7-year low in China
Aluminium prices on London Metal Exchange and Shanghai Futures Exchange are likely to extend their gains this week as major stocks in China aluminium industry have recently hit nearly seven-year low, observed analysts at the Shanghai Metals Market. SMM predicts, LME aluminium will hover in the...
Aluminium stocks in China to see turning point soon, SMM expects
Aluminium stocks in China’s five major markets have been falling steadily for months, but a turning point is on the horizon, SMM predicts. In fact, the inventory decline has been slowing down in recent weeks, and stocks were down a mere 9,000 tonnes as of July 14, SMM data showed. The table below...
