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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Aluminum on a free fall as stocks pile up
...Aluminum July moved up by 0.25% in the opening session due to strong Euro against Dollar and by afternoon higher LME stocks pulled down the commodity near 1 % and it made an intraday low of 91.75....
Indian aluminium exports may rise by year end
...BS reported that India’s aluminium exports are likely to pick up within the next 2 quarters due to falling inventories at the London Metal Exchange and revaluation of the Chinese yuan...
Indian aluminium exports may rise by year end
...BS reported that India’s aluminium exports are likely to pick up within the next 2 quarters due to falling inventories at the London Metal Exchange and revaluation of the Chinese yuan...
ALUMINIUM-Major Market Developments in June
...The global aluminium market remains in over-supply and prices will stay under pressure as global economic worries persist and inventories build over the quieter period for demand in the northern hemisphere summer, some analysts say...
UPDATE 1-Japan June <em>aluminium</em> stocks fall 1.6 pct m/m | Reuters
... Although there are concerns about slowing appetite in the near term, the association said Chinese demand for primary aluminium will likely ...
SMM Morning Review - 2010/7/1 Aluminum Market
... LME aluminum prices opened at USD 1,951/mt, with the highest level and the lowest level at USD 1,982/mt and USD 1,920/mt, respectively, and finally ended at USD 1,978/mt, up USD 31/mt compared with the previous trading day, or up 1.59%. Total trading volumes reported 158,507 lots, and total...
Japan May Flat-Rolled Aluminum Output Down 2% On Month -METI
... Japan's production of flat-rolled aluminum mill products in May fell 2% from April, but was up 23% from a year earlier, at 111,161 metric tons,... Inventories of flat-rolled aluminum mill products rose 7% on month but were flat on year at 68,964 tons ....
SMM Morning Review - 2010/6/30 Aluminum Market
... LME aluminum prices opened at USD 2,015/mt, with the highest level and the lowest level at USD 2,015.25/mt and USD 1,940/mt, respectively, and finally ended at USD 1,947/mt, down USD 82/mt compared with the previous trading day, or down 4%. Total trading volumes reported 106,792 lots, and total...
Aluminum Spot Inventories in China on June 28th
Aluminum Spot Inventories in China (unit: 10 kt) Date Shanghai Wuxi Nanhai Total June 24th 43.7 20.0 34.0 97.7 June 28th 43.6 20.5 34.0 98.1 Changes on a Weekly Basis (%) -0.1 +0.5 0 +0.4
IAI: May 2010 World Aluminum Inventories Up 3.1% On Month
World aluminum inventories in May rose 3.1%, or 71,000 metric tons, to 2.339 million tons, from 2.268 million tons in April, according to figures released Monday by the International Aluminum Institute.
SMM Morning Review - 2010/6/29 Aluminum Market
LME aluminum prices opened at USD 2,000/mt, with the highest level and the lowest level at USD 2,036.5/mt and USD 1,986.25/mt, respectively, and finally ended at USD 2,029/mt, up USD 31/mt compared with the previous trading day, or up 1.56%. Total trading volumes reported 122,999 lots, and total...
Unwrought Aluminium Stocks 1.250 Mln T in May-IAI
Western world unwrought aluminium stocks rose to 1.250 million tonnes in May compared with 1.210 million in April, industry data showed on Monday.
Steel Guru : Japan <em>aluminium</em> stocks in May up by 8pct MoM
... Reuters reported that aluminium stocks held at 3 major Japanese ports rose 7.5% ... rose slightly but I don't expect them to gain much from here as demand is stable, ... Japanese primary aluminium ingot price up for Q3 ...
Global <em>aluminium</em> supply excess 156000 tons in January-China <b>...</b>
18 Mar 2010 ... WBMS reported that global primary aluminium demand in January was 3.1million tons, which increased 516000tons compared with the same period ...
Alcoa profit seen, but <em>aluminum</em> outlook cloudy-China <em>Aluminium</em> Network
Jan 8, 2010 ... A weak dollar and excess warehouse aluminum inventories, ... respect to cost initiatives and the outlook for downstream demand," said Hicks, ...
(AMM) Secondary aluminum alloy tags rise 2 cents/lb. as inventory tightens
Dec 02, 2009...Secondary aluminum alloy prices on the spot market, influenced by London Metal Exchange trading and low inventories of product at smelters, registered price gains of 2 cents per pound from pre-Thanksgiving levels.
China's private <em>aluminium</em> stocks seen up more than 40 pct <b>...</b>
Nov 12, 2009 ... High stocks and low demand prompted the SRB to buy 590000 tonnes of primary aluminium to help smelters' operations between last December and ...
UPDATE 2-Japan end-Sept <em>aluminium</em> stocks dip to lowest in 14 yrs <b>...</b>
Oct 13, 2009 ... Demand for aluminium in Japan began plunging late last year as top ... 14-year high premium for primary aluminium ingots to be supplied in ...
