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...
Grow with
AL Circle
Demand-supply metrics boost aluminium
The price of aluminium has stabilised since the beginning of 2016. At $1,545 per tonne, the price now is around 3 per cent higher compared to end-December. The increase in price can be attributed to a drop in global aluminium supply from 4.78 million tonnes (mt) towards the end of December 2015 to...
Where will aluminium prices head after two weeks of fall? SMM reports
Aluminium stocks in China’s five major markets plunged 39 per cent from this year’s peak to 570,000 tonnes as of May 13. Aluminium prices, however, got no boost and lost nearly 5 per cent in just two weeks. What was behind the unexpected price decline? Will the light metal search for even lower...
China aluminium stocks fall faster on demand recovery
Aluminium stocks in China’s five major markets fell at a much faster pace last week as demand has picked up, SMM says. Warehouse withdrawals recovered markedly, but arrivals did not keep up pace, SMM learned. Downstream buyers returned to the market as their panic eased after aluminium prices fell...
Further correction in aluminium prices mean more downside for Hindalco
Shares of Hindalco, an aluminium producer, have corrected 6 per cent in the last two trading sessions after a sharp fall in the LME aluminium prices. LME aluminium prices have fallen 5 per cent in the last three trading sessions, after rallying strongly in the year till date. Various fundamental...
China aluminium destocking slows down significantly
Aluminium stocks in China’s five major markets fell at a much slower pace last week, SMM says. Falling aluminium prices dampened buying interest. Besides, operational aluminium capacity grew in late April due to new capacity release. These explained why inventory decline slowed down, Liu Xiaolei,...
USGS Mineral Industry Survey publishes Aluminum report for February 2016
According to the USGS Mineral Industry Survey report, only two companies reported domestic production of primary aluminum in February 2016 because of the recent smelter shutdowns. Consequently, production data were withheld to avoid the release of proprietary data. Total aluminum recovered from...
Aluminium stocks fall sharply in China major markets
Aluminium stocks continued falling significantly in China’s five major markets, SMM reports. SMM learned from many warehouses that load-out shipments, though down slightly, were still higher than load-in shipments, allowing stocks to fall steadily. SMM expects aluminium stocks in these five regions...
Speculators push aluminium to nine-month high
Aluminium hit a nine-month peak on Friday, April 29, as speculators pushed prices higher thanks to a weaker dollar, but analysts were wary about a possible retreat. "You look at aluminium, the only buying this week has been CTA buying, we still see no consumer activity, they're not chasing this...
Japan aluminium stocks fall 5.5% in March
Aluminium stocks at three major Japanese ports stood at 345,600 tonnes at the end of March, down 5.5 per cent from a month earlier, trading house Marubeni Corp said on Friday, April 15. Marubeni collects data from the ports of Yokohama, Nagoya and Osaka.
Aluminium hits 4-week peak as China trade data brightens demand outlook
Non-ferrous metals including aluminium, zinc, and copper gained on Wednesday, April 13, after Chinese trade data brightened the outlook for demand in the world's biggest metals consumer, prompting some investors to shift back to commodities. Price gains in aluminium and industrial metals had a...
US primary production falls 25% in January YOY
According to USGS Mineral Industry Survey for Aluminum in January 2016, domestic primary aluminum production in US in January 2016 was 106,000 metric tons (t). The average daily production was 3,430 t, 6% less than the daily production during the preceding month and 25% less than that in January...
Aluminium stocks continue falling in China major markets
Aluminium stocks continued falling significantly in China’s five major markets, SMM says. More ingots flowed to central and southwest China from northwest China. Smelters in northwest China increased shipment of aluminium liquid, also reducing the amount of ingots available for sale. It will take...
Buoyant seasonal demand driving China aluminium prices up
China’s aluminium futures rose to their highest level in half a year on Monday, March 28, thanks to an increase in seasonal demand, and lowered domestic output due to capacity cuts made late last year. Stocks of aluminium ingots at major warehouses across China dropped from 937,000 metric tons last...
Where is peak for China aluminium inventory in H1 2016?
Aluminium stocks in China’s five major markets grew steadily after the Chinese Lunar New Year holiday, and reached 928,000 tonnes as of March 15. Could this figure mark the peak for first half of this year? The answer is yes, says SMM aluminium analyst Liu Xiaolei. In fact, the turning point has...
JPMorgan reduces aluminium stockpile at LME
JPMorgan Chase has quietly reduced its multibillion-dollar stockpile of aluminium as the London Metal Exchange moves to introduce new rules on the reporting of outsized positions. Until last week, one party - identified as JPMorgan by traders, brokers and warehouse owners - was holding more than...
About 48% of Chinese aluminium smelters bullish over prices this week
About 48 per cent of the 42 Chinese aluminium smelters surveyed by SMM expect aluminium prices to rise this week. Those optimists see SHFE 1605 aluminium rising above RMB 11,500/mt and LME aluminium advancing above the 40-day moving average to USD 1,535-1,560/mt, citing positive factors. First,...
Falling China aluminium stocks to lift prices this week
Aluminum prices will gain momentum from falling aluminum stocks in China’s five major markets, which have posted their first declines since after the 2016 Lunar New Year holiday. SMM sees SHFE 1605 aluminum challenging resistance at 11,500 yuan per tonne and spot discounts in China narrowing to...
Aluminium stockpiles fall as LME tightens warehousing rules
Traders pulling metal out of London Metal Exchange warehouses is not an uncommon practice. The amount stored in depots tracked by the world's biggest metals bourse has almost halved from a 2013 peak and is near a seven-year low. Aluminium along with a certain other non-ferrous metal has accounted...
