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...
The London Metal Exchange (LME) aluminium price faltered across the pricing and contract segments on the September 2 close. The trend reflected a contrast of the surge reported in the September 1 session . The LME aluminium cash bid pulled back by 0.18 per cent day-on-day on September 2, down to...
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According to the Shanghai Metals Market survey, aluminium ingot inventories in China have marked the beginning of the year 2024 with a notable hike. As per the data, social inventories of ingot across Chinese eight major consumption areas built up 28,000 tonnes week-on-week, reaching 462,000 tonnes...
The beginning of 2024 is witnessing growth in China’s aluminium billet inventories, reaching 82,000 tonnes. Until January 4, 2024, China’s social inventories of aluminium billets have encountered two back-to back hikes. The first increase this year was on January 2 by about 13,300 tonnes to 77,400...
Today, on January 2, the SHFE price chart has shown deflecting aluminium price trends, with the official SHFE aluminium price halting at US$2,746 per tonne with a loss of US$10 per tonne or 0.36 per cent from US$2,756 per tonne, recorded on December 29. It is safe to say that 2024 has started with...
According to the Shanghai Metals Market data, China’s social inventories of aluminium billets ended the year 2023 on Thursday, December 28, at a new low of 64,100 tonnes. On a week-on-week calculation, aluminium billet inventories witnessed a drop of 800 tonnes, and from Monday, December 25, saw a...
On Thursday, December 28, China's social inventories of aluminium ingot hit a new low for the year, standing at 434,000 tonnes. Compared to Monday, December 25, the inventories registered a fall of 9,000 tonnes, while from the previous week, December 21, the inventories stood 12,000 tonnes lower....
According to the Shanghai Metals Market data, aluminium billet inventories in China have recorded a plunge of 17,300 tonnes or 21.05 per cent week-on-week across the five major Chinese consumption areas. Thus, the inventories have come in at 64,900 tonnes on December 21 compared to 82,200 tonnes on...
According to the latest data from the US Geological Survey, the United States' primary aluminium production in September 2023 stood at 60,000 tonnes, marking an extended month-on-month dip of 2,000 tonnes or 3.23 per cent. In August 2023, the United States' primary aluminium output had also seen a...
The prevailing demand deficit for primary aluminium in China continued to affect domestic prices throughout November 2023. Slow metal supply across the market due to production cuts at Yunnan, resulting in rapid inventory fall, could not cast much positive impact on prices. However, it is believed...
LME aluminium opened at US$2139 per tonne yesterday, with its high and low at US$2141 per tonne and US$2116 per tonne respectively before closing at US$2124 per tonne, down 0.47 per cent. On December 11, the LME aluminium live price chart experienced a downward flow in aluminium prices, with the...
LME aluminium opened at US$2137 per tonne last Friday, with its high and low at US$2161.5 per tonne and US$2130 per tonne, respectively, before closing at US$2134 per tonne, up 0.14 per cent. On Friday, December 8, both LME aluminium cash bid price and LME aluminium official settlement price grew...
According to the Shanghai Metals Market survey, China's domestic aluminium ingot inventories are decreasing faster than expected. The estimated reason is the production cut in Yunnan, resulting in slower arrivals of stocks to warehouses. As per the data shown on December 7, the inventories halted...
On Thursday, November 16, China’s aluminium billet inventories dropped by only 1,000 tonnes week-on-week to stand at 97,500 tonnes, according to the Shanghai Metals Market survey. The downfall occurred in Foshan, Wuxi, Changzhou, and Huzhou but was slightly offset by the hike in Nanchang. To know...
LME aluminium opened at US$2233 per tonne in the previous trading day, with its low and high at US$2211.5 per tonne and US$2234 per tonne, respectively, before closing at US$2211.5 per tonne, down US$23.5 per tonne or 1.05 per cent. The LME aluminium live price chart on November 16 witnessed...
LME aluminium opened at US$2235 per tonne in the previous trading day, with its low and high at US$2214 per tonne and US$2244.5 per tonne, respectively, before closing at US$2224 per tonne, down US$6 per tonne or a decrease of 0.27 per cent. On November 14, the LME aluminium live price chart...
LME aluminum opened at US$2,222.50 per tonne on Monday, with its low and high at US$2,203 per tonne and $2,235 per tonne, respectively, before closing at US$2,230 per tonne, up US$9 per tonne or 0.41 per cent. On Monday, November 13, the LME aluminium cash bid price and LME aluminium official...
The inventory of aluminium stocks at three prominent Japanese ports, namely Yokohama, Nagoya, and Osaka (AL-STK-JPPRT), witnessed a 2 per cent decrease, falling to 341,300 tonnes by the end of October. This decline is in comparison to the 348,300 tonnes recorded in the previous month. The data was...
According to the Shanghai Metals Market, A00 aluminium ingot price has marked a decline for the third day in a row by RMB 280 per tonne to stand below RMB 19,000 per tonne as of Monday, November 13. Data shows the price has come in at RMB 18,850 per tonne, with average prices likely to range...
On Thursday, November 9, the average alumina spot price in China has recorded a drop of RMB 2 per tonne to reach RMB 3,008 per tonne, according to the Shanghai Metals Market. The price has contracted after remaining restrained at RMB 3,010 per tonne from November 2 to 8. In Shandong and Shanxi, the...
