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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Japan aluminium stocks rise to record high for12th month
Aluminium stocks held at three major Japanese ports climbed for a 12th month to hit a record high at the end of March due to high level of imports and slow housing sector demand. The increase came as a surpise as Japanese buyers have reduced purchase volumes of January-March deliveries and some...
Aluminium drops on oversupply worries
Aluminium hit a three-week low on Thursday on concerns of oversupply and a cut in Chinese power prices, while lead and zinc hit multi-month highs on further inventory drawdowns. Daily London Metal Exchange (LME) data showed lead stocks MPB-STOCKS fell 725 tonnes to 223,125 tonnes, their lowest...
China’s alumina imports fell 29.07% YoY in February
China’s alumina imports tumbled 29.07% YoY to 330,000 mt in February. YTD imports through February totaled 710,000 mt, down 35%, customs data showed. Supply of domestic alumina grew, and its prices were lower than imported alumina, so some aluminum smelters preferred domestic alumina. Domestic...
LME Aluminium price to average $1,840 per mt in 2015: Natixis
The French Bank Natixis in its latest research report forecasts LME Aluminium price to average around $1,840 per mt in 2015. The prices are likely to move higher in 2016 to average around $2,000 per mt. In its metals review for H1 2015, Natixis forecasts a tug of war between positive and negative...
Japan Q2 aluminum premiums mostly set at $380 per metric ton, down 11 percent from Q1
Japan's aluminum premiums for April-June shipments were mostly set at $380 per metric ton, down for the first time in six quarters on higher inventories and slumping spot premiums, six sources directly involved in the talks said. Japan is Asia's biggest importer of the metal and the premiums for...
Japan aluminium stocks climb for 11th month, hit record
Aluminium stocks held at three major Japanese ports climbed for an eleventh month to hit a record high at the end of February due to robust imports. Aluminium stocks held at Yokohama, Nagoya and Osaka grew 0.8 percent in February from a month earlier to 453,400 tonnes, Marubeni Corp said on...
Aluminum Association reports North American Aluminum net shipments in Jan 2015
Aluminum Association reports Aluminum net shipments in North American (US & Canada) for the month of January 2015. Aluminum net shipments (including exports) by domestic U.S. and Canadian facilities totaled an estimated 1,928 million pounds during January 2015, down 1.9 percent from the January...
Aluminium up by 0.2% on high demand
Aluminium futures edged higher by 0.23% to INR 111 per kg today after speculators enlarged positions amid pick-up in demand at spot markets. Furthermore, a firming trend in metal at the London Metal Exchange (LME) on fall in its inventories supported the upside. At the Multi Commodity Exchange,...
Soaring post-holiday aluminum stocks to weigh on prices in China
Aluminum stocks in China will balloon after the Chinese New Year holiday, as goods continued to arrive while consumption stagnated during the holiday,which will weigh on prices, Shanghai Metals market predicts. New capacity keeping coming on stream, incentivized by a 1,000 yuan ()/tonne fall in...
Japan aluminium stocks rise for tenth month, hit record
Aluminium stocks held at three major Japanese ports climbed for a tenth month to hit a record high at the end of January, as robust imports met tepid domestic demand. Aluminium stocks held at Yokohama, Nagoya and Osaka grew 8.8 percent in January from a month earlier to 449,800 tonnes, Marubeni...
UC Rusal comments on LME official stock decline below 4 Mln tonnes
UC RUSAL, a leading global aluminium producer, notes that official LME aluminium stocks fell below 4 million tonnes on 11 February for the first time since May 2009. RUSAL notes that LME aluminium stocks keep declining and maintain a steady decrease of around 7 thousand tonnes per day. This...
Alba 2014 net income surges 21%
2014 Industry Highlights: • Aluminium demand remains healthy with world consumption up by 8% year-on-year (YoY). Asian demand up by 10% YoY supported by a robust growth in China (+13% YoY) on the back of government stimulus and infrastructure investment. North America shows strong demand growth...
IAI will stop reporting aluminium inventory updates due to insufficient data
The International Aluminium Institute has declared that they would no longer report the global inventory stocks making it even more difficult to estimate the actual aluminium stocks available across the world. It is already accused that the price of aluminium is manipulated by banks and traders who...
Analysts predict a 54,500-tonne aluminium deficit in 2015
While the world is locked in debate about the state of aluminium globally, some 33 analysts believe that the average price of the metal will stay around $1,965 a tonne this year, 1.8% lower than the forecast made earlier but the downward revision is the smallest within the base metals this quarter....
Aluminium gains as global stockpiles dwindle
The global aluminium stockpiles drops to the lowest it has been in more than five months, tightening supply and pushing the aluminium prices up. London Metal Exchange tracked the metal stockpiles to find that it has now hit 4.08 million which is the least it has been since May 2009. Aluminium...
Chalco’s plan to hold inventories to boost prices may fail says analysts
Shanghai Metal Exchange had found that Chalco was planning to withhold aluminium inventories of up to 1.2 million tonnes along with 10 other leading aluminium producers of China in the hope of boosting aluminium prices. However such a stance seems difficult at the moment given the current market...
Japan’s aluminium stockpiles rise as imports rise and demand falls
Japan’s high aluminium imports and weakening demand in the domestic front and elsewhere in Asia has given rise to stockpiles held at the three important ports of Japan for the ninth straight month, hitting a record high in December. The trading house, Marubeni Corp revealed on Friday that aluminium...
China spot aluminum to crash through $1,957/ton in Q1 2015, SMM sees
Spot aluminum in China could crash through 12,000 yuan ($1,957) per tonne in Q1 2015, pressured by worsening supply glut and potential fall in alumina prices, Shanghai Metals Market foresees. China’s monthly aluminum output is expected to continue rising in Q1. Aluminum consumption, however, might...
