LME aluminium price eases 0.3% on September 10; stocks remain stable at 244,525/t
The London Metal Exchange (LME) aluminium price graph contracted on September 10 across cash and contracts, with longer-dated contracts reporting nearly 1 per cent decline. The aluminium opening stocks, however, remained stable. The LME aluminium cash bid price shifted from USD 3,351.5 per tonne on...
LME aluminium price chart rises further to $3,325/t; stocks remain stable
The London Metal Exchange (LME) aluminium price chart continues to record an upward trend across the pricing and contract segments on the September 8 trading session, reporting gains over the September 7 close . Opening stocks remained stable, not reporting any further decline. The LME aluminium...
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Aluminium recovers from 4-1/2-month low as dollar dips
Aluminium steadied on Tuesday, after touching four-and-a-half-month lows the previous day, as the dollar fell, but analysts expected more losses due to an overhang of inventories and to speculators adding short positions. Relative-value trades have been popular this year, including shorting...
China imports 6.97 million tonnes of bauxite in October
China imported 6.97 million tonnes of bauxite in October, retreating from a record high in the previous month, according to the customs data. The October imports were down 8.1% from September, when it hit 7.59 million tonnes and more than three times the volumes for the same month last year. “While...
Aluminium prices: new warehouse rules come into focus
Aluminium prices have not managed to hold on to the gains they made early on in the December quarter, and have fallen by 5.6% to $1,745 a tonne from the high seen in October. That fall, though not alarming, coincides with an uncertain time for metal prices as the London Metal Exchange (LME) is...
“The turnaround in the market will happen…only if the industry manages to reduce the stock level in the warehouse” Mr Helge Jansen – MD, HYCAST AS
HYCAST AS is a well-recognized Casthouse Solution provider from Norway with extensive experience and know-how gained from numerous projects world-wide, both within Hydro Aluminium and with other aluminium companies. AlCircle Team interacted with Mr Helge Jansen – Managing Director and Einar...
Aluminium stocks at Japan’s major ports rise in October
Aluminium ingot inventories at three major Japanese ports rose about 8% month-on-month in October, trading house Marubeni Corp’s data showed on Wednesday November 13. The total inventories at Osaka, Yokohama and Nagoya stood at 261,600 tonnes in October, up from 242,300 tonnes in September....
Aluminum inventories fall at China's SHFE warehouses: Chinese industry expert
Refined aluminum inventories at Shanghai Futures Stock Exchange warehouses fell last week, as investors shift from aluminum to copper stocks, a Chinese industry expert said Monday. Aluminum stocks at the Zhejiang, Jiangsu, Shanghai and Guangdong warehouses in China totaled 199,260 mt as of November...
LME slashes warehouse queue times to abate metal hoarding criticism
The London Metal Exchange has pledged to cut down the amount of time it takes for customers to receive physical metals in a bid to combat criticism over metal hoarding. Under a new plan, the LME plans to slash waiting times down to 50 days, after regulatory pressure for the industry to review its...
SMM Aluminum Products Data Analysis for September 2013
China’s aluminum semis output during September grew slightly from a month ago due to anemic demand. China’s aluminum semis output during September hit 3.64 million mt, a gain of 32.65% YoY and 6.93% MoM. YTD output through September hit 28.57 million mt, jumping 33.56% from a year ago, according to...
Alcoa Intalco Works survives tough market conditions
It's been a year since Alcoa Intalco Works signed a 10-year power supply deal and two years since management and employees reached a new labor contract, avoiding a potentially crippling strike. For years uncertainty about the power supply cast a shadow over Alcoa's future in Whatcom County. Having...
Scrap aluminium wheel prices dip 1 cent
Scrap aluminium wheel prices have weakened in October, with several suppliers noting that consumers are reducing purchasing activities in an effort to normalise inventory levels. Free-market transaction prices for 356.1 wheels are between 82 and 84 cents per lb compared with 83 and 85 cents on...
Global Aluminum inventories declined nearly 5% in September month-on-month : IAI
According to figures released by the International Aluminium Institute (IAI), the global aluminium inventories at the end of September slipped by 4.7% over the previous month. The total global aluminium stocks at the end of September amounted to 2.130 million mt. The September inventories were...
Semi demand, import & export up in US and Canada in August
Demand for aluminum semi-fabricated (mill) products in the United States and Canada (measured in shipments by domestic producers plus imports) totaled an estimated 1,445 million pounds in August, increasing less than one-tenth of one percent over the August 2012 total of 1,444 million pounds....
World unwrought aluminum stocks down in September
Global unwrought aluminum inventories at the end of September were down 86,000 mt from August and down 210,000 mt from September 2012, according to figures released Monday by the International Aluminium Institute. Unwrought inventories totaled 1.096 million mt at the end of September, down from a...
Asia aluminium premiums steady ahead of LME rule change
Asian aluminium premiums have been steady ahead of the LME warehousing rule change and with contract talks for 2014 still to start. “[The market is] still very quiet. We are supposed to start talks for next year’s contracts but it’s an uncertain situation because of the [impending changes to] LME...
Growing supply and faltering demand drive sharp decline in Henan aluminum prices
Aluminum prices in Henan dropped sharply to a discount of 100 yuan per tonne over the Changjiang spot price in mid-October, dragged down by soaring inventories and flagging demand, Shanghai Metals Market (SMM) has learnt. The flow of aluminum ingot into Henan from Gansu Dongxing Aluminum Co., from...
Spot aluminium plate prices under pressure, Kaiser says
New capacity, import pressure and inventory overhang could push spot prices for aluminium plate downwards, according to Kaiser Aluminum Corp chairman, president and ceo Jack Hockema. The California-based aluminium company is seeing “intensifying short-term competitive pressure” on spot prices,...
LME aluminum stocks jump most in a year as financing continues
Aluminum inventories tracked by the London Metal Exchange jumped the most in more than a year, following a gain in zinc stockpiles, amid continued appetite to use industrial metals in so-called financing transactions. Stocks of aluminum rose 1.5 percent, the most since Sept. 13, 2012, to 5.42...
September US aluminum shipments rise 8.2% year on year
US service centers shipped 121,700 mt of aluminum products in September, up 8.2% compared with September 2012, the Metals Service Center Institute said Tuesday. Aluminum shipments in the first nine months of 2013 totaled 1.122 million mt, 3.4% below the same period last year, MSCI said in a...
