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...
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Unwrought aluminium stocks 1.192 mln T in July - IAI
...LONDON Aug 26 (Reuters) - Western world unwrought aluminium stocks rose to 1.192 million tonnes in July compared with a revised 1.189 million tonnes in June, industry data showed on Thursday...
Aluminum gain on lower stocks
...Aluminum Aug moved upby 0.60% in the afternoon session due to short covering and lower stocks...
Aluminum fall on higher stocks
... Aluminum Aug moved down by 2.21% during the session on weak Euro against Dollar and higher stocks...
Japan July aluminium stocks up by 3pct MoM
...According to trading house Marubeni Corporation, aluminium stocks held at three major Japanese ports came to 208,200 tonnes at the end of July up 6,700 tonnes or 3.3% from a month earlier...
Japan July aluminium stocks up 3.3 pct m/m
...Aluminium stocks held at three major Japanese ports came to 208,200 tonnes at the end of July, up 6,700 tonnes or 3.3 percent from a month earlier, trading house Marubeni Corp (8002.T) said on Thursday...
Chinese aluminium smelters eying spot sales as profit window opens
...Reuters reported that a window of steady profitability may lead Chinese aluminium smelters to resume spot sales after a gap of 2 months but traders said that any surge in sales from ample stocks would quickly erode prices...
Aluminum Spot Inventories in China on August 5th
...SHANGHAI, Aug. 5 (SMM) ...
SMM Morning Review - 2010/8/6 Aluminum Market
...LME base metals prices closed with declines yesterday. LME aluminum prices opened at USD 2,230/mt, with the highest level and the lowest level at USD 2,230/mt and USD 2,195/mt, respectively, and finally ended at USD 2,203/mt, down USD 25/mt compared with the previous trading day, or down 1.1%....
China Aluminium Smelters Eye Spot Sales As Profit Window Opens
...A window of steady profitability may lead Chinese aluminium smelters to resume spot sales after a gap of two months, but traders said any surge in sales from ample stocks would quickly erode prices...
SMM Morning Review - 2010/8/3 Aluminum Market
...LME base metals prices extended gains yesterday. LME aluminum prices opened at USD 2,170/mt, with the highest level and the lowest level at USD 2,230/mt and USD 2,160/mt, respectively, and finally ended at USD 2,217/mt, up USD 47/mt compared with the previous trading day, or up 2.2%. Total...
SMM Morning Review - 2010/8/4 Aluminum Market
...LME base metals prices posted small declines yesterday. LME aluminum prices opened at USD 2,235/mt, with the highest level and the lowest level at USD 2,235/mt and USD 2,198/mt, respectively, and finally ended at USD 2,204/mt, down USD 13/mt compared with the previous trading day, or down 0.6%....
SMM Morning Review - 2010/8/2 Aluminum Market
...LME base metals prices soared last Friday. LME aluminum prices opened at USD 2,095/mt, with the highest level and the lowest level at USD 2,175/mt and USD 2,090/mt, respectively, and finally ended at USD 2,170/mt, up USD 76/mt compared with the previous trading day, or up 3.6%. Total trading...
Aluminum gain on lower stocks
...Aluminum gained 1% on MCX during the evening trading session and hit a high of 97.20 due to lower stocks. Aluminum July contract opened at 95.7, made low of 95.4 and high of 97.2 during trading session. Total volume was recorded at around 3339 lots and open interest around 1818 lots till 6.15...
Aluminium Moves Higher As Inventories Turn Down
...Aluminium is moving higher in Indian futures markets on the back of declines in the inventories data yet again. The prices have moved higher by almost a percent in the mid-day trades...
DJ IAI: June 2010 World Aluminum Inventories Down 5.8% On Month
...World aluminum inventories in June fell 5.8%, or 139,000 metric tons, to 2.255 million metric tons, from 2.394 million tons in May, according to figures released Monday by the International Aluminum Institute...
Unwrought aluminium stocks 1.192 mln T in June-IAI
...Western world unwrought aluminium stocks fell to 1.192 million tonnes in June from a revised 1.306 million tonnes in May, industry data showed on Monday...
Aluminum Spot Inventories in China on July 26th
...SHANGHAI, July 26 (SMM) ...
SMM Morning Review - 2010/7/26 Aluminum Market
...SHANGHAI, July 26 (SMM) -- LME base metals prices were mixed last Friday. LME aluminum prices opened at USD 2,030/mt, with the highest level and the lowest level at USD 2,070/mt and USD 2,025/mt, respectively, and finally ended at USD 2,030.5/mt, down USD 14.5/mt compared with the previous...
