Macro rate hike expectations bring periodic pressure, while destocking in China provides solid bottom support
Futures: The most-traded SHFE aluminium contract opened at RMB 24,310 per tonne in the night session on September 10, reached a high of RMB 24,310 per tonne and a low of RMB 24,075 per tonne, and closed at RMB 24,125 per tonne, down RMB 365 per tonne or 1.49 per cent from the previous close....
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...
Grow with
AL Circle
Aluminum shipments on healthy growth trend in US and Canada
...Metals service center shipments in the US and Canada for aluminum continued to increase at robust rates in October, the Metals Activity Report from the Metals Service Center Institute shows. Inventory to sales ratios remained stable for aluminum in both the US and Canada...
Aluminum shipments on healthy growth trend in US and Canada
...Metals service center shipments in the US and Canada for aluminum continued to increase at robust rates in October, the Metals Activity Report from the Metals Service Center Institute shows. Inventory to sales ratios remained stable for aluminum in both the US and Canada...
Aluminum shipments on healthy growth trend in US and Canada
...Metals service center shipments in the US and Canada for aluminum continued to increase at robust rates in October, the Metals Activity Report from the Metals Service Center Institute shows. Inventory to sales ratios remained stable for aluminum in both the US and Canada...
Heavy jump in aluminum inventories on LME
...LME Aluminum saw a huge build up in inventory levels. Rise of speculation of Chinese interest rates and falling commodity markets were the major cause of rise in inventories....
SMM Morning Review - 2010/11/18 Aluminum Market
... LME aluminum prices opened at USD 2,258/mt, with the highest and lowest levels at USD 2,303/mt and USD 2,255/mt, respectively, and finally closed at USD 2,270/mt, up USD 30/mt, or up 1.3%. Positions fell by nearly 20,000 lots to 713,549 lots, and LME aluminum inventories increased again by...
UPDATE 1-Japan Oct Aluminium Stocks Down 2 Pct m/m
...U.S. aluminum exports fell 27.0% in September from the previous month, but was up 74.2% from the previous year, the Commerce Department reported Wednesday...
Global Aluminum Supply at Odds With Bullish Price Run
...Will we see aluminum prices suffer because of oversupply issues? Several analysts are saying no, and Harbor Aluminum’s recent conclusions on the topic point otherwise...
SMM Morning Review - 2010/11/8 Aluminum Market
... LME aluminum prices opened at USD 2,459/mt, and later climbed to USD 2,488/mt, and then weakened to a low of USD 2,438.5/mt, and finally closed at USD 2,452/mt, down USD 8/mt compared with the previous trading day. Trading volumes shrank slightly, and LME aluminum inventories declined by 10,000...
SMM Morning Review - 2010/11/3 Aluminum Market
... LME aluminum prices opened at an intraday low of USD 2,380/mt, and later climbed gradually to USD 2,437/mt, and finally closed at USD 2,430/mt, up USD 58/mt compared with the previous trading day, or up 2.4%. Total positions continued to grow, while LME aluminum inventories declined by 5,400 mt...
Unwrought aluminium stocks 1.292 mln T in Sept -IAI
...Western world unwrought aluminium stocks fell to 1.292 million tonnes in September compared with a revised 1.326 million tonnes in August, industry data showed on Tuesday...
Little change in aluminium shipment and inventory trends in US and Canada
...The Metals Activity Report from the Metals Service Center Institute showed that very little change occurred in North American metals service center shipment and inventory trends in September...
UPDATE 1-Japan Sept aluminium stocks down 2.4 pct pct m/m
...Aluminium stocks held at three major Japanese ports at the end of September edged down to 230,400 tonnes from 236,100 tonnes a month earlier as imports declined, Marubeni Corp (8002.T) said on Friday...
DJ IAI: Aug World Aluminum Stocks 2.437 Mln Tons, Up 81,000 Tons
...Total world aluminum inventories in August rose by 81,000 metric tons to 2.437 million metric tons, from 2.356 million tons in July, according to figures released Monday by the International Aluminum Institute. ..
Unwrought aluminium stocks 1.325 in Aug - IAI
...Western world unwrought aluminium stocks rose to 1.325 million tonnes in August compared with a revised 1.269 million tonnes in July, industry data showed on Monday...
SMM Morning Review - 2010/9/25 Aluminum Market
... LME aluminum inventories fell to 4,369,550 mt, and the expectations of higher demand and a weaker US dollar helped drive up LME aluminum prices to break the USD 2,300/mt mark, ...
Aluminium shipments rebounds in both US and Canada
...According to the Metals Activity Report from the Metals Service Center Institute, the rate of growth of aluminum shipments from North American metals service centers rebounded in August. Inventories of both metals changed very little during the month in both the United States and Canada...
Aluminum Spot Inventories in China on September 20th
...
UPDATE 2-Japan Aug <em>aluminium</em> stocks highest since May 2009 | Reuters
... Stocks may stay near same levels as demand outlook sluggish ... imports about 2 million tonnes of primary aluminium every year. ...
