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...
Grow with
AL Circle
According to the data from the "Overview of Production and Shipments of Rolled Aluminium Products" provided by the Japan Aluminium Association, the shipment of rolled aluminium products in July witnessed a year-on-year decline of 5.1 per cent, totalling 145,429 tonnes. Concurrently, production also...
According to the Marubeni Corp report on Friday, September 1, aluminium stocks dropped across Japan in July 2023 by 1.9 per cent month-on-month. At the three major Japanese ports - Yokohama, Nagoya, and Osaka- aluminium stocks reached 350,600 tonnes at the end of July compared to 357,490 tonnes in...
According to a recent report, Citigroup Inc., an American multinational investment bank and financial services corporation, has bought about $160 million worth of Russian aluminium, produced at Rusal, from the London Metal Exchange. Russian-origin stocks in LME-registered warehouses have been...
LME aluminium prices closed at US$2181 per tonne overnight, an increase of US$35.5 per tonne or 1.65 per cent. The London Metal Exchange on August 22 marked escalating aluminium prices, with the LME aluminium cash bid price and the LME aluminium official settlement price uniformly releasing US$53...
According to data from the London Metal Exchange, inventories of aluminium in registered warehouses have increased to their highest level in over a month. This is due to the inflow of 38,725 tonnes into South Korea, presently stored at the Gwangyang port. As a result, the overall LME inventories...
According to China customs data, unwrought aluminium and products imports into China grew significantly by 20.1 per cent year-on-year to reach 231,452 tonnes in July 2023. Limited domestic stocks and expectations for robust demand in autumn drove the rise of China's aluminium imports. On a...
According to a report on Thursday, August 10, Russian aluminium stocks have posted an 81 per cent growth on the London Metal Exchange-approved warehouses for July 2023 compared to an 80 per cent increase in June. At the end of July 2023, Norsk Hydro wrote a letter to the London Metal Exchange to...
According to the Shanghai Metals Market data, social inventories of aluminium ingot totalled 525,000 tonnes across eight major Chinese consumption areas, including SHFE warrants, as of Thursday, August 3. On a week-on-week basis, the inventories dropped by 11,000 tonnes, and on an annual basis,...
Aluminium prices experienced a slight decline of 0.05 per cent yesterday, settling at US$202.15 per tonne due to heightened supply in Yunnan. This development may lead to a gradual emergence of supply pressure. The northern region faced floods and other factors during the week, resulting in fewer...
Last week, Novelis Inc. announced the first quarter results of the financial year 2023-24 ended June 30, reporting a 19.61 per cent decline in net sales year-on-year from $5,089 million to $4,091 million, driven by lower average aluminium prices and reduced flat rolled products shipments, although...
In May 2023, the United States' primary aluminium production stood at 65,000 tonnes, reflecting a month-on-month increase of 2,000 tonnes or 3.17 per cent from 63,000 tonnes, found the US Census Bureau data. The data also indicated that the monthly output recovered from the loss of 3 per cent...
Japanese buyers have reportedly agreed to the premium of $127.50 per tonne for aluminium shipments for the third quarter of 2023, close to $125-130 per tonne range in the previous quarter ended June 30. The premium remains restrained for the September quarter due to ample stocks and sluggish...
On July 18, Marubeni Corporation reported that aluminium stocks at three major Japanese ports were up by nearly 1 per cent to 357,490 tonnes by end-June, from 354,000 tonnes month-on-month. Marubeni gathers data from the ports of Yokohama, Nagoya, and Osaka, which are considered paramount for...
According to the National Bureau of Statistics (NBS), China’s primary aluminium production grew year-on-year in June 2023 as smelters resumed operations in southwestern Yunnan province after the ease of local power usage restrictions. As per the data released by NBS, China produced 3.46 million...
According to our report from China's Yunnan province, the region has added 1 million tonnes of primary aluminium with the restart of four aluminium smelters. Out of which, Yunnan Aluminum Co. Ltd. is the most significant producer, with 600,000 tonnes added so far. Henan Shenhuo Coal & Power Co....
According to the US Geological Survey, the United States domestic primary aluminium production in April 2023 stood at 63,000 tonnes, down by 2,000 tonnes or 3.08 per cent from 65,000 tonnes in March 2023. On a year-on-year calculation, the output plunged by 19,000 tonnes or 23.17 per cent from...
On July 3, Monday, the LME aluminium cash bid price halted at US$2,105 per tonne and the LME aluminium official settlement price anchored at US$2,107 per tonne, witnessing a surge of US$9 per tonne and US$10.50 per tonne, respectively. The LME cash bid price spiked by 0.43 per cent, and the LME...
On June 27, Tuesday, the LME aluminium cash bid price and the LME aluminium official settlement price settled at US$2,151 per tonne and US$2,151.50 per tonne, with a similar spike of US$35.50 per tonne or 1.68 per cent. The 3-month bid price ascended by US$37 per tonne or 1.72 per cent to rest at...
