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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South Korea stockpiles enough aluminium
According to a SEOUL Scrap Monster report Public Procurement Service (PPS) of South Korea, the state-run agency has bought 5,000 tonnes of aluminum in last week via a number of tenders from traders. It is indicated that PPS has bought 1,000 tonnes of aluminum from the aluminium trader Glencore. The...
Aluminium strengthens on industrial demand, global cues
Aluminium prices edged higher by INR 2 per kg at the local non-ferrous metals market today on increased industrial demand amid a firming global trend. Traders said buying activity in aluminium picked up after it surged to 18-month highs in global markets, amidst falling stockpiles on the London...
Will Chinese aluminum smelters continue to cut losses in H2 2014: SMM
Aluminum prices have been on a bullish track in last one month. In the Shanghai market, the average spot price of A00 aluminum ingot gained 7.73% from Jun. 30 to 14,360 yuan per tonne on Aug. 29, according to the data of Shanghai Metals Market. During 1H, domestic aluminum producers were able to...
Aluminium to swing to deficit in 2015 after output cuts
The aluminium market outside China is set to record its first deficit in nine years in 2015 following production cuts and an Indonesian ore export ban, a turning point that could be the start of a prolonged shortfall as demand recovers. After years of chronic oversupply, the market is beginning to...
Warehousing battle between LME & Rusal set to rumble on
The legal battle between the London Metal Exchange and Rusal over warehousing reforms could rumble on for several more months after a British appeals court declined to make a ruling on Wednesday. The two parties returned to court this week for the first time since March, when the Russian aluminium...
The indicators behind aluminum’s bull Rush don’t all point north
The Aluminum cash-to-three-month contango on the LME remained pretty steady in the $40 to $50 range between July of last year and April, but since then there has been a marked surge in volatility that has left consumers puzzled as to what will happen next. First, physical delivery premiums soared...
Aluminum’s Medium-Term outlook depends on the LME warehouse appeal
The market is tighter at the moment than we initially expected which supports prices. However, at the end of July the LME rule change ban will be challenged and, if successful, will likely increase supply to the market noticeably as 2 million tons of inventory in Visslingen, Switzerland, and 1.3...
Press Metal a direct beneficiary of rising aluminium prices & premiums
Press Metal Bhd (Press Metal) will be a direct beneficiary of rising aluminium prices and premiums. AmResearch Sdn Bhd (AmResearch) noted that aluminium prices have reached a 17-month high due to low inventories, high demand and the cut in global capacity. On Monday, the London Metal Exchange (LME)...
China aluminum prices rise on falling inventories, with gains expected continuing, SMM
Aluminum prices are now gathering up the rising momentum due mainly to falling inventories, Shanghai Metals Market understands. It is now the low-demand season, but aluminum stock declines have not slowed from those recorded during the peak-demand period. Last Thursday, total inventories in...
Aluminum contango sinks to lowest in 18 months on dwindling stocks
Aluminum's contango has fallen to 18-month lows amid dwindling exchange stocks, the latest in a recent series of bouts of volatility that have reignited a years-long debate about how tight the market really is. The cash price on the London Metal Exchange was at a discount of $16.75 per tonne to...
Aluminum climbs to 16-month high as LME inventories slide
Aluminum prices rose to a 16-month high as stockpiles tracked by the London Metal Exchange slumped amid signs of accelerating economic growth in China, the world’s biggest user of industrial metals. China’s gross domestic product rose 7.5 percent in the second quarter from a year earlier, topping...
Aluminum advances to 13-month high as inventories drop
Aluminum prices rose to a 13-month high as inventories tracked by the London Metal Exchange extended a slump to the lowest since 2012. Stockpiles have dropped 8.6 percent this year to 4.99 million metric tons. Orders to withdraw aluminum account for 59 percent of inventories, compared with 43...
Shanghai Futures aluminium inventories decline during week ending 11 July
Data from Shanghai Futures exchange released last week has shown a decline in the Aluminium inventories. The data release showed that Aluminium inventories were down to 390483 tonnes during the week ending 11 July 2014 from 392536 tonnes, on 4 July 2014. On-warrants showed gains to 214282 tonnes,...
Aluminium outperforms other metals except nickel
Much to the relief of aluminium producers, the white metal has outperformed other non-ferrous metals in price gains, except nickel, which managed to advance 40 per cent after Indonesia put a ban on minerals exports in January. The three-month aluminium price, which in some intraday trades at London...
Aluminium prices favour producers
Global aluminium producers have done well to curtail output and also successfully ward off the challenge posed by the proposed rule change for London Metal Exchange (LME)-linked warehouses. In the June quarter, aluminium prices on an average have risen 5.3% over the preceding quarter. And a Reuters...
China’s Alumina imports plunge 90.4% MoM in May on waning demand
China’s alumina imports plunged 90.4% to 313,000 tonnes in May due to waning demand, Shanghai Metals Market learned. Chinese aluminum smelters preferred domestic alumina due to lower prices, curbing appetite for imports, SMM understood. The imports soared by 56.28% year-on-year, though, and...
Average Operating Rate 61% to drop to at Chinese Aluminum FRP Producers in June
The average operating rate at alumninium producers in China is expected to fall to 61% in the month of June, according to Shanghai Metals Market. SMM says, the main reasons behind this drop are start of off-season as well as liquidity crunch. The tightening liquidity in mid-year and poor orders are...
Metals traders scramble to secure stocks amid China port probe
Metals traders are rushing to secure copper and aluminium stocks following a financing probe in the northeast Chinese port of Qingdao, with at least one company asking courts to freeze inventory while traders move metal to other ports to prevent possible seizure. CITIC Resources, an arm of Chinese...
